The United States imposed 50% tariffs on $20 billion worth of Canadian products early Saturday, and Canada immediately said it would retaliate, after last-ditch negotiations failed.

The United States imposed 50% tariffs on $20 billion worth of Canadian products early Saturday, and Canada said it would retaliate beginning Sept. 8 after last-ditch negotiations failed to resolve the latest strain in relations between the historic allies.

Plans to impose a 50% tariffs on $20 billion worth of Canadian products will now be moving forward after negotiations fell through.

Canada will match those tariffs dollar for dollar to protect our workers and businesses,” Canadian Prime Minister Mark Carney said.

The downfall of a property empire that left behind $300 billion in debt has ended in a life sentence. Founder Hui Ka Yan has been sentenced to life in prison for financial crimes linked to the collapse of his Evergrande real estate group.

Chinese authorities have moved to finish cleaning up the mess left by the collapse of the Evergrande real estate empire as a court in southern China's Guangzhou accepted a bankruptcy liquidation

A court in China's Guangzhou has accepted ​the bankruptcy liquidation case ‌of Hengda Real Estate Group, the mainland property unit of ​China Evergrande Group, according ​to a court statement on ⁠Friday.

Millions of unfinished homes show why the housing bust is still weighing on Chinese consumers—and the global companies counting on them.

Iran has granted ⁠permission ⁠for a number ⁠of Iraqi oil tankers to pass through ​the Strait of Hormuz following repeated requests from Baghdad ‌through various channels, Iran’s ‌state news agency IRNA reported on Saturday.

Iran is granting several oil tankers from neighbouring Iraq passage through the Strait of Hormuz, the state news agency IRNA reported on Saturday. The granting of a special permit is said to stem

U.S. Central Command has aided with the passage of more than 660 million barrels of crude oil through the Strait of Hormuz since early May. This suggests at least 160 million barrels, or more than 7 million barrels per day,

With Iranian drones threatening tankers in the Persian Gulf, oil companies from Saudi Arabia, Kuwait, Qatar and the UAE turned to a workaround: chartering tankers, switching off their transponders and moving crude out of the Gulf under US Navy escort.

Cryptocurrencies and precious metals shot higher, while the U.S. dollar weakened, after the Treasury Department said it planned to double its bond buybacks.

Bitcoin is on course for its best week in more than three years while gold is heading for its biggest monthly gain this century, amid investor fears that US Treasury secretary Scott Bessent’s intervention in the bond market will continue to weigh on the dollar.

Bitcoin is trading near $78,000 on August 21 after one of the most violent rallies of the year: up roughly 18% in 48 hours and 24% on the week.

Bitcoin’s rally to $78,200 coincided with a record run for Hyperliquid as active traders increasingly use the platform to place leveraged bets on crypto prices.

Boeing engineers and technical workers represented by the SPEEA union announced they have rejected the planemaker's contract offer, with a potential strike coming in October.

The union members also authorized a potential strike if a new agreement is not reached by October.

and the union overwhelmingly authorized a potential strike.

Boeing (BA) engineers and technical workers rejected the company's four-year contract offer and voted in favor of a strike authorization, union officials said Friday. The 17,000 ​members of the Society of Professional Engineering Employees in Aerospace voted overwhelmingly ‌to give its negotiating team the power to declare a strike when the

Bitcoin is heading for its best week in more than three years, lifted by a weakening dollar and crypto-friendly comments from President Trump. The cryptocurrency was recently up 7% at around $78,000 and earlier this morning nearly got as high as $80,

Bitcoin on Thursday surged above $70,000 – its highest level since June – as Treasury yields briefly plummeted and President Trump urged Congress to speed up passage of crypto-friendly legislation. Bitcoin jumped 4.

Bitcoin surged above $71,000 on Thursday, breaking out of a weeks-long trading range as President Donald Trump renewed his push for Congress to pass major crypto legislation and falling Treasury yields gave another boost to risk assets.

Major cryptocurrencies have generally had a lackluster 2026 so far, but tokens turned decidedly positive this week on two pieces of news. The prices of major cryptocurrencies, including Bitcoin, Ethereum,