As the U.S. tax season kicks off, millions of Americans are poised to receive significantly larger tax refunds as a result of the Working Families Tax Cuts Act passed last year, according to the White House. "President Trump's Working Families Tax Cuts Act provides broad-based tax relief for hardworking Americans, with the average taxpayer expected to see nearly $4,000 in total tax savings in 202
President Donald Trump announced that he is increasing tariffs on goods imported from South Korea by 10 percent to 25, because the Asian ally failed to live up to a trade agreement between the two sides last year. "Because the Korean Legislature hasn't enacted our Historic Trade Agreement, which is their prerogative, I am hereby increasing South Korean TARIFFS on Autos, Lumber, Pharma, and all ot
After nearly two decades of negotiations, the European Union and India have successfully concluded a landmark Free Trade Agreement. The FTA was finalized at the 16th EU-India Summit in New Delhi, opening a new chapter in the EU-India Strategic Partnership. Described by both European Commission President Ursula von der Leyen and Indian Prime Minister Narendra Modi as "the mother of all deals", t
January 30, 2026 15:51 ET The Federal Reserve policy decision was the main event in the final week of January, which saw a heavy flow of economics news. Several data reflecting the trends in the U.S. economy were also released during the week. The interest rate decision from Canada also was in focus. In Europe, economic sentiment data gained attention. The policy decision from Singapore was the highlight in Asia.