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In carrying out campaign promises on trade and the border, Trump risks worsening the inflation dilemma that catapulted him to power.

South Korea’s central bank lowered its key policy rate for a second straight month and said the country’s economy will grow at a slower pace than it initially anticipated. Following a policy meeting, the Bank of Korea cut its benchmark interest rate by a quarter percentage point to 3%. The bank cut its policy rate by a quarter percentage point to 3.25% in October in its first rate cut since May 2020 in the depths of the COVID-19 pandemic.

(Bloomberg) -- With oil prices headed for a second annual decline and a widely expected surplus in 2025 fast approaching, bullish traders are clinging to positive signals in downstream markets. Most Read from BloombergIn Traffic-Weary Toronto, a Battle Breaks Out Over Bike LanesIn Italy’s Motor City, Car-Free Options Are GrowingNew York City’s ‘Living Breakwaters’ Brace for Stormier SeasPrices for fuel oil in Asia are at their strongest since 2022, while in Europe the cost of the ship and power-

Donald Trump's transition team is putting together a wide-ranging energy package to roll out within days of his taking office that would approve export permits for new liquefied natural gas (LNG) projects and increase oil drilling off the U.S. coast and on federal lands, according to two sources familiar with the plans. The energy checklist largely reflects promises Trump made on the campaign trail, but the plan to roll out the list as early as day one ensures that oil and gas production will rank alongside immigration as a pillar of Trump's early agenda.

Fewer Americans are filing for unemployment benefits. But that doesn't mean companies are hiring.

Fuel is rapidly becoming one of Bolivia’s scarcest commodities. Long lines of vehicles snake for several kilometers outside gas stations all over Bolivia, once South America’s second-largest producer of natural gas. While frustration builds, drivers like Victor García now eat, sleep and socialize around their stationary trucks, waiting to buy just a few gallons of diesel — unless the station runs dry.

The U.S. economy grew at a solid clip in the third quarter, the government confirmed on Wednesday, amid robust consumer spending. Slight downward revisions to consumer spending, government outlays and exports, were offset by upgrades to private inventory accumulation, business investment as well as state and local government spending. Consumer spending, which accounts for more than two-thirds of economic activity, grew at a still-brisk 3.5% pace.