Why the Mexican peso is on a tear

US President Donald Trump says the Iran ceasefire is on “life support”, and UK Prime Minister Keir Starmer is fighting to save his premiership after the Labour party's disastrous showing in last week's UK local elections. Plus, we preview this week’s summit between Trump and Chin ...  Show more

A gas shipment made it through the Strait of Hormuz as European oil majors cash in billions from the US-Israeli war on Iran, airlines across Europe are cutting prices for summer flights despite a potential jet fuel shortage, and bond giant Pimco says the war could prompt the Fede ...  Show more

Over the past week, President Trump avoided a trade war with Canada and Mexico. But he escalated a trade war with China.

His reasoning? China has become more powerful in domestic manufacturing than the United States, Japan, Germany, South Korea and Britain combined.

The White House put a pause on military aid to Ukraine after a heated Oval Office exchange with President Volodymyr Zelenskyy. Trump will address Congress tonight, outlining his agenda on immigration, tax cuts, and his approach to Ukraine. And, Trump's new tariffs on Canada, Mexi ...  Show more

Wall Street's relief rally didn't last long as investors took stock of the latest developments in President Trump's trade war. House Republicans approved a budget narrowly after some pushback from conservatives, and the US Supreme Court says the Trump administration must "facilit ...  Show more

President Trump faces questions on whether tariffs will remain in place as he welcomes trade negotiations with other countries. Forecasters warn of a heightened risk of recession as tariffs could mean higher prices and slower economic growth. And, the Trump administration has two ...  Show more