Business & Economics

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Feb-14 2026 Tourism Crossroads: Boom in Europe & Pacific, Bust in U.S.

A single day’s batch of announcements and data exposed a stark divergence—while Malta and other European/Pacific destinations logged >50 % arrival growth and new gender-inclusive programs were rolled out, the U.S. government admitted international arrivals will fall 10 % in 2026.

U.S. Treasury Green-Lights American Exploration in Post-Maduro Venezuela

On 10 Feb 2026 Washington issued a sweeping general license letting U.S. companies ship equipment and services to start exploring, developing and producing Venezuelan oil and gas—marking the first formal opening of the country’s fields to American operators since sanctions began in 2019.

Trump Orders Pentagon to Procure Coal Power Amid Record Renewable Gains

On 11 Feb 2026 President Trump signed an executive order compelling the Department of Defense to sign long-term power-purchase deals with U.S. coal-fired plants, reversing their planned retirements and injecting federal demand into a fuel now at a 16 % share of the U.S. grid.

Riyadh Launches $5B+ Aleppo-Centric Reconstruction Blitz in Syria

On 7 Feb 2026, Damascus and Riyadh inked roughly $5.3 billion in binding contracts—including a $2 billion Elaf Fund for Aleppo’s airports and a $1 billion SilkLink fiber network—marking the first large, post-sanctions capital surge into post-Assad Syria.

US-India Interim Trade Framework Cuts Punitive Tariffs

On 7 Feb 2026 Washington and New Delhi unveiled an ‘interim’ accord that rolls back Trump’s six-month-old 25 % levy on Indian imports to 18 %, conditioned on India curbing Russian-oil purchases and beginning reciprocal tariff cuts.

Kremlin Rebuts Trump’s Claim of Indian Exit from Russian Oil

On 5 Feb 2026 Moscow publicly stated it has received no notice from New Delhi to curtail Russian crude purchases, directly contradicting U.S. President Donald Trump’s assertion that India agreed, under a new trade deal, to stop buying Russian oil.

Trump Unveils India–Venezuela Oil Deal After Maduro’s Ouster

Speaking aboard Air Force One on 1 Feb 2026, President Trump said India will resume buying Venezuelan crude—blocked since early-2025 tariffs—signalling Washington’s post-Maduro opening of the Orinoco fields to allied importers and inviting China to follow.

India-EU Leaders Fly In to Clinch 18-Year Free-Trade Negotiations

European Commission chief Ursula von der Leyen and European Council president António Costa landed in New Delhi ahead of the 27 Jan 2026 summit where both sides are slated to announce the formal closure of the India-EU FTA talks that have dragged since 2007.

Trump Threatens 100 % Tariffs After Carney-Xi EV Tariff Swap

On 25 Jan 2026 Canada slashed its 100 % duty on up to 49,000 Chinese electric vehicles to 6 %, triggering U.S. President Donald Trump to warn he will hit all Canadian imports with a 100 % tariff if Ottawa edges toward broader trade with Beijing.

Japan’s Pre-Election Bond Rout Ripples Through Global Debt Markets

Between 19-21 Jan 2026, Prime Minister Sanae Takaichi’s snap-election tax-cut pledge sent Japan’s 40-year bond yield to a record 4.215%, and the shock propagated abroad, lifting the benchmark 10-year U.S. Treasury to 4.30% and pushing euro-zone and African Eurobond yields higher within 48 hours.

Canada Cuts Chinese EV Tariff to 6.1%, Caps Imports at 49k

On 17 Jan 2026 Ottawa and Beijing struck a deal restoring the pre-2024 6.1 % tariff on up to 49,000 Chinese electric vehicles a year, exchanging that market access for sharp reductions in Chinese duties on Canadian canola and other farm goods.

Trump–Rodriguez First Call Signals Post-Maduro US-Venezuela Reset

In their inaugural phone conversation on 15 Jan 2026, U.S. President Donald Trump and Venezuela’s acting president Delcy Rodriguez opened formal dialogue after Maduro’s capture, pairing promises of oil shipments and prisoner releases with talk of a U.S.–managed political transition.

China Rejects Trump’s 25 % Tariff Threat Over Iran Trade

After President Trump warned on 12 Jan 2026 that any nation trading with Iran would face a 25 % tariff on its commerce with the United States, Beijing on 13 Jan publicly vowed to defend its economic interests and forego compliance.

Washington Courts Big Oil for Post-Maduro Venezuela Rebuild

Within 48 hours of Nicolás Maduro’s 4 Jan 2026 capture, Energy Secretary Chris Wright scheduled 5-7 Jan meetings with Chevron, ConocoPhillips and others in Miami to hash out a U.S.–subsidised plan to pour roughly $100 billion into restarting Venezuela’s shattered oil sector.

Italy’s U-Turn Tips the Scales for EU-Mercosur Pact

Brussels secured Italy’s backing on 5 Jan 2026 by dangling extra farm funding, giving the EU the qualified-majority votes it lacked ahead of a 9 Jan ambassadors’ ballot and a planned 12 Jan signing of the 780-million-person trade deal.

Trump Dangles New Tariff Hike to Force India Off Russian Crude

On 5 Jan 2026 President Trump publicly warned he could push U.S. tariffs on Indian goods beyond the already-doubled 50 % level unless New Delhi further slashes its purchases of Russian oil, tying energy compliance to a still-unsettled bilateral trade deal.

OPEC+ Freezes Q1-2026 Output in 10-Minute Emergency Call

On 4 Jan 2026 the eight-member OPEC+ core ratified—within minutes—a decision to keep production caps unchanged through 31 Mar 2026, shelving any further post-2023 supply restarts despite an 18 % price slide in 2025.

BYD Clinches 2025 Global EV Sales Crown From Tesla

For the first time, Tesla slipped to #2 after its 2025 deliveries fell nearly 9%, allowing China’s BYD—whose own volumes jumped—to become the world’s top battery-electric vehicle seller.

Gold Tops $4,500, Silver $72 in Christmas-Eve Metals Melt-Up

On 24 Dec 2025, a thin-holiday trading session saw gold smash through $4,500/oz for the first time while silver, platinum and copper simultaneously logged all-time highs, marking the sharpest single-day escalation in this year’s 70-160 % metals rally.

U.S. Scraps H-1B Lottery, Adds $100k Entry Fee After Court Win

DHS issued a final rule on 24 Dec 2025 that replaces the random H-1B lottery with a wage-weighted draw starting 27 Feb 2026, hours after a federal judge upheld President Trump’s separate $100,000 surcharge on each new H-1B petition.

Niigata Assembly Green-Lights Kashiwazaki-Kariwa Restart

On 22 Dec 2025, Niigata’s 53-seat prefectural assembly endorsed Governor Hideyo Hanazumi’s pro-restart stance, giving Tokyo Electric Power Co. final local consent to bring the first reactor at the 7-unit Kashiwazaki-Kariwa complex back online after 14 years offline.

France-Italy Bloc Halts Last-Minute Signing of EU-Mercosur FTA

On 18 Dec 2025, Paris and Rome formally withheld consent at the Brussels summit, stripping Ursula von der Leyen of the qualified majority she needed to sign the 780-million-consumer EU-Mercosur free-trade agreement in Brazil two days later.

ByteDance Cuts Deal to Spin Off TikTok US Days Before Ban Trigger

On 19 Dec 2025 ByteDance signed binding agreements to place 50 % of TikTok’s U.S. business into a new joint venture with Oracle, Silver Lake and MGX, slated to launch 22 Jan 2026—one day before President Trump’s latest enforcement deadline.

India and Oman Seal CEPA Granting Near-Total Duty-Free Market Access

On 18 Dec 2025 in Muscat, Prime Minister Narendra Modi and Sultan Haitham bin Tarik concluded a Comprehensive Economic Partnership Agreement that wipes tariffs on 98.08 % of Omani lines for Indian exports and liberalises labour mobility, while Modi was simultaneously decorated with the Order of Oman during the visit marking 70 years of bilateral ties.

Amazon Courts OpenAI With $10 B+ Cash-for-Compute Pact

Amazon entered fluid negotiations to inject over $10 billion into OpenAI in exchange for the startup shifting part of its training workload onto AWS’s in-house Trainium chips, marking the first mega financing round since OpenAI ended Microsoft’s cloud exclusivity in October 2025.

EU Scales Back 2035 Zero-Emission Vehicle Mandate to 90% Cut

On 16 Dec 2025 the European Commission replaced its planned full ban on new combustion cars with a requirement that 90 % of fleetwide CO₂ emissions be eliminated by 2035, reopening the door for hybrids and limited petrol/diesel sales.

France Forces Cliff-Edge Scramble on EU-Mercosur Pact

On 14-15 Dec 2025 Paris formally asked EU leaders to postpone the pre-Christmas Council vote needed for Ursula von der Leyen to sign the Mercosur free-trade agreement on 20 Dec, throwing a 25-year negotiation into last-minute jeopardy.

Microsoft’s $17.5 B Sovereign AI Cloud Gamble in India (2026-29)

On 9 Dec 2025, Satya Nadella pledged a four-year US$17.5 billion outlay to build new hyperscale data centres, sovereign clouds, and AI-skills programs in India—Microsoft’s largest single investment in Asia—adding to the US$3 billion already underway.

Amazon Adds $35 B Commitment, Taking India Bet to $75 B by 2030

On 10 Dec 2025, Amazon unexpectedly increased its India pledge by another $35 billion through 2030 to fund AI, cloud, and quick-commerce logistics, more than doubling the future capital it had publicly earmarked just five months earlier.

$90K Bitcoin Triggers Wall-Street vs. Academia Valuation Showdown

As Bitcoin slipped back under $90,000 on 6-7 Dec 2025, economists led by Steve Hanke branded it “worth zero” while JPMorgan’s new model simultaneously pegged fair value near $170,000 within a year, exposing the widest mainstream valuation gap to date.

Maduro Appeals to OPEC After Trump Declares Venezuelan Airspace ‘Closed’

Between 30 Nov and 1 Dec 2025, Nicolás Maduro sent an emergency letter to all OPEC states asking them to resist U.S. “military force to seize oil” hours after President Trump warned airlines that Venezuelan airspace was “closed in its entirety” and reinforced a months-long naval build-up.

OPEC+ Freezes Q1-2026 Output and Orders External Capacity Audit

On 30 Nov 2025, the eight-nation OPEC+ steering group formally locked production at December-2025 levels for Jan–Mar 2026 and commissioned DeGolyer & MacNaughton to verify each member’s maximum sustainable capacity for 2027 quota setting.

Canada–Alberta MOU Trades Climate Rollbacks for New Pacific Bitumen Pipeline Push

On 27-28 Nov 2025, Prime Minister Mark Carney and Alberta Premier Danielle Smith signed a memorandum of understanding that scraps Ottawa’s planned oil-and-gas emissions cap and clean-power rules in exchange for jointly seeking a private proponent and Indigenous co-ownership for a one-million-barrel-per-day bitumen pipeline to British Columbia’s north coast.

India Activates Four-Code Labour Overhaul, Repealing 29 Legacy Acts

Effective 21 Nov 2025, the Modi government brought into force four consolidated labour codes that replace 29 separate statutes, creating one digital registration-and-compliance regime for wages, industrial relations, social security and workplace safety.

India Finally Puts Four Consolidated Labour Codes Into Force

On 21 Nov 2025, New Delhi activated the long-delayed four labour codes passed in 2019-20, scrapping 29 legacy statutes and immediately standardising an 8-hour workday, minimum wages and universal social-security coverage across the country.

Bitcoin Breaks Below $90K, Wiping $1T From Crypto in Six Weeks

On 18 Nov 2025 Bitcoin slid under the USD 90,000 mark for the first time since April, capping a 30 % retreat from its late-October record and erasing the year’s gains while dragging the wider crypto market into a $1 trillion drawdown.

Ukrainian Drone-Missile Barrage Shuts Novorossiysk Oil Exports

In the pre-dawn hours of 14 Nov 2025, a coordinated Ukrainian strike using swarming drones and new “Long Neptune” missiles crippled the Sheskharis terminal at Russia’s Novorossiysk port, forcing Transneft to halt crude loadings worth roughly 2 % of global supply.

Air Canada delays restart as CUPE defies CIRB back-to-work order

After Ottawa invoked Labour Code Section 107 and the CIRB ordered flight attendants back by 2 p.m. ET Sunday with binding arbitration, CUPE refused, forcing Air Canada to postpone its planned Sunday flight restart to Monday evening and extend widespread cancellations.

US tariff pause ends, reshaping Asia-Pacific risk calculus as Singapore’s US-bound exports plunge and Aussie voters put tariffs ahead of China threat

With Washington’s tariff pause expiring in early August (Aug 1) and reciprocal duties resuming on Aug 7, Australian polling now shows 42% of voters more worried about US trade barriers than China’s military build-up (37%), signaling a sharp shift from security to geoeconomic risk, while Asia’s trade hubs brace for sector-specific hikes.

Second Circuit Grants Argentina Stay on YPF Stake Turnover

On 15 Aug 2025 the U.S. Second Circuit temporarily froze Judge Loretta Preska’s 30 Jun order compelling Argentina to hand over its 51 % holding in YPF to satisfy a US$16.1 billion judgment, giving Buenos Aires time to pursue its appeal.