The United States and Canada, historic allies along an undefended border, fell deeper into a trade war Saturday marked by angry recriminations and new tariffs that are expected to raise prices for products in both countries.

Canadian Prime Minister Mark Carney suspended trade negotiations with the U.S. and announced retaliatory tariffs after calling Trump's last-minute proposed terms unfair.

Canada has suspended trade negotiations with the United States, Prime Minister Mark Carney said late Friday, adding that the country would match US tariffs imposed at midnight dollar for dollar.

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 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

Israel is being urged to end plans to construct a settlement in the occupied West Bank that would effectively divide the Palestinian territory in two.

The UK, France, Germany, Italy and Canada say the project to build 1,200 settlement homes is “unacceptable”. Labour MP Zubir Ahmed tells us there should be sanctions against companies trading with settlers.

France has joined Germany, Italy and the United Kingdom in calling on Israel to halt the expansion of settlements in the occupied West Bank and immediately withdraw tenders issued this week for more

Israel's E1 settlement plan would reportedly carve up land in the West Bank that the Palestinians seek for a state. It would divide the West Bank into north and south, while splitting East Jerusalem – viewed as the capital of such a state – from the rest of the territory.