Prime Minister Mark Carney’s government sees little chance of resuming talks with President Donald Trump before the midterm elections after trade talks collapsed, according to people familiar with the matter.

Canada suspended trade negotiations, triggering President Trump’s 50 percent tariffs on a range of Canadian goods. Mark Carney said he would retaliate “dollar for dollar.”

Carney delivered a defiant address to the nation on Saturday after suspending trade talks with the US overnight, saying that what the Trump administration had demanded was a “bad deal”. The collapse of talks ushers in a new wave of tariffs on $20bn worth of Canadian exports on top of existing levies on steel,

After talks between the U.S. and Canada broke down last night, the trade war has been ramping up with the Canadian Prime Minister vowing to match U.S. tariffs.

Treasury Secretary Scott Bessent called the campaign “the single greatest financial offensive ever marshalled against an adversary.” Follow for live updates.

But Iran has preserved enough ​missile and drone capability to attack its Gulf neighbors and threaten oil tankers in the Strait of Hormuz, bringing shipping in the key waterway

Iran said it would regard any country supporting or participating in the US economic campaign as committing an"act of war."

Iran has threatened to halt all oil exports from the Gulf if Washington continues what Tehran calls an economic war, raising the stakes just hours before the United States is expected to announce new sanctions targeting Iran’s trade partners.

Social Security's 2027 COLA is getting a significant Trump bump. To preface this discussion, inflation is perfectly normal for an expanding economy. Since the Consumer Price Index

Social Security’s 2027 cost-of-living adjustment is still months from being set. July CPI-W data show why inflation tied in part to Trump-era economic policy is

Experts recently lowered their 2027 Social Security COLA forecasts. These reduced projections reflect lower-than-expected inflation. Lower inflation now is better for retirees than a larger Social Security check next year.

A Social Security modeling proposal using a chained CPI could slightly reduce annual COLA increases, with the effects growing for beneficiaries who collect bene

Russian drone and missile strikes killed multiple people in Ukraine, officials said Saturday, while a Ukrainian drone attack on Russia killed three people there. NBC News’ Raf Sanchez has the latest.

Russian drone and missile strikes killed at least seven people in Ukraine, officials said Saturday, while a Ukrainian drone attack on Russia's Krasnodar region killed three people there.

The strikes come a day after Russia launched a major daytime drone attack on the city of Kryvyi Rih, the hometown of Ukrainian President Volodymyr Zelenskyy. View on euronews

The shopping centre strikes, along with two other Russian attacks in the Mykolaiv and Kharkiv regions, left a total of 21 people dead across Ukraine on Friday.

There is facilitation for some ships carrying Iraqi oil in the Strait of Hormuz,” Iraqi president Nizar Amidi said in comments published Saturday by the state-run news agency, adding that Iraq doesn’t have a national carrier for transporting oil.

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

Iran has approved the passage of several Iraqi oil tankers through the Strait of Hormuz after repeated requests from Baghdad, offering limited relief as regional tensions continue to disrupt one of the worlds