Author: Editor-In-Chief
U.S. President Donald Trump speaks during the signing of an executive order in the Oval Office of the White House on September 4, 2026 in Washington, DC. Andrew Harnik | Getty Images News | Getty ImagesHello, my name is Justina Lee from Singapore. Welcome to another edition of CNBC’s Daily Open.Trade relations between the U.S. and Canada remain tense, with U.S. President Donald Trump saying on Monday that Canadian aircraft maker Bombardier must manufacture products locally to continue selling to the U.S. market.Meanwhile, the European Union is strengthening ties with Greenland with a new boost of €200 million in funding…
Trade tensions are escalating as Canada fights U.S. tariffs on a dollar-for-dollar basis, impacting 700 products and multiple industries.Published September 8, 2026September 8, 2026Canada has imposed retaliatory tariffs on goods imported from the United States, intensifying the trade dispute between the two countries.Starting Tuesday at 12:01 a.m. ET (4:01 GMT), tariffs ranging from 15% to 50% will be applied to $20 billion worth of U.S. imports, comparable to the tariffs the U.S. imposes on Canadian products, including machinery, textiles and consumer products.The new retaliatory tariffs will apply to products such as steel, home appliances, agricultural machinery and dairy products.”To protect…
File photo: Oil tanker passing through the Strait of Hormuz, December 21, 2018. Hamad Mohammed | ReutersCrude oil prices extended their rise on Tuesday, rising for a third day in a row and hovering at a six-week high on concerns about escalating tensions in the Middle East following strikes by the United States and Iran over the weekend. International benchmark futures brent crude oil Prices for November delivery rose 0.20% to $97.20 per barrel. us West Texas Intermediate Futures In October, it rose 1.07% to $92.56 per barrel.Stock chart iconStock chart icon brentThe US military attacked three Iranian oil tankers…
In the state elections in Saxony-Anhalt, Alternative for Germany (AfD) emerged as the leading party with 44% of the vote. However, the anti-immigrant, pro-Russian party is three seats short of an absolute majority and will need to either find a coalition partner or govern from a minority position. Both options mean that many of the manifesto’s ideas may never come to fruition, as Germany’s mainstream parties have long refused to cooperate with the party and built what it calls a “firewall” against the far right. One route could be an agreement with the left-wing populist party BSW, which criticized the…
SHENZHEN, CHINA – MAY 1: A Chinese flag is raised in front of a stack of shipping containers bearing the brands of MSC (Mediterranean Shipping Company), Maersk and Hamburg Süd at Yantian Port in Shenzhen, Guangdong Province, China on May 1, 2026. Chen Xin | Getty Images News | Getty ImagesChina’s trade picked up pace in August, but imports fell short of expectations, showing domestic demand remains weak as the world’s second-largest economy faces increasing pressure to rebalance its trade.Official customs figures released on Tuesday showed exports rose 25% in US dollar terms from a year earlier, in line with…
Kiev, Ukraine – 12/04/2018: In this photo illustration, the Wistron Corporation logo is displayed on a smartphone. (Photo illustration: Igor Golovniov/SOPA Images/LightRocket, Getty Images)Sopa Images | Light Rocket | Getty Imagestaiwan stocks Wistron Co., Ltd. Shares fell more than 6% on Tuesday after Nvidia’s suppliers priced a $1.47 billion global depositary receipt offering to fund the purchase of raw materials.The company announced Monday that it will price its 25 million global depositary receipts at $58.88 each, representing 250 million new common shares, according to a company filing. Each share was priced at about NT$186.24, a discount of about 5.5% compared…
Flags adorn the ArcelorMittal Dofasco steel plant as trade tensions escalate over U.S. tariffs and retaliatory measures by Canada in Hamilton, Ontario, Canada, Aug. 24, 2026. Carlos Osorio | ReutersIran has accused Canada of supporting U.S. actions in the Strait of Hormuz, calling Ottawa’s move “an expression of strategic confusion and submission to intimidation.” In a post on X, Tehran Foreign Ministry spokesperson Esmail Baghai said Canada chose to “appease” the United States “on the very day that the President of the United States openly disrespected Canada’s sovereignty and independence and depicted all of Canada as part of the United…
Brussels has proposed doubling direct aid to Greenland in the EU’s next budget as military exercises begin.Published September 8, 2026September 8, 2026The European Union has signed a declaration with resource-rich Greenland, pledging a stronger partnership and announcing a $232 million (€200 million) investment package to ease fears caused by US President Donald Trump’s repeated threats to annex the autonomous Danish territory.European Commission President Ursula von der Leyen announced the package, which aims to improve the region’s quality of life over the next two years, during a visit to Greenland’s capital Nuuk on Monday.The EU has shifted its focus to Greenland,…
AP — The body of Ratko Mladic, a Bosnian Serb commander who died while serving a life sentence for war crimes, was laid to rest in a state-run state house on Monday as Serbia ignored European Union warnings not to allow public mourning for the continent’s first genocide convict since World War II. Thousands of mourners arrived early in the morning at Belgrade’s small Serbian Orthodox Church of St. Luke to pay their respects to Mladic, who is still considered a hero by many Serbs. His military officer’s hat and saber were placed on top of the coffin, flanked by…
On September 3, 2026, a China-Africa liner carrying 23,800 tons of mechanical equipment and engineering vehicles departed from Yantai Port to Ghana in Yantai City, Shandong Province, China.Photo | Future Publishing | Getty ImagesHello, this is Evelyn writing from Singapore. Welcome to the latest edition of The China Connection. This is a snapshot of what I’ve seen and heard from local businesses.In recent years, the slump in consumer spending has underpinned much of the conversation surrounding China. Against the backdrop of sustained export growth, domestic sales challenges have become more serious and globally important. Is there a solution?big storyChinese consumers…