The palace, the protests and the red carpet: How OPEC’s seminar played out

The Hofburg palace receives attendees to the July 9-10 OPEC Seminar conference in Vienna. Ruxandra Iordache | CNBC For centuries, Vienna’s romantic Hofburg palace served as a winter residence of the imperial Habsburg dynasty — this week, though, it welcomed Saudi royalty, energy ministers, top CEOs and a slew of analysts traders and more. Here are some highlights: The…

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Trump announces 35% tariffs on Canada starting Aug. 1, warns of higher levies if Ottawa retaliates

U.S. President Donald Trump and Canada’s Prime Minister Mark Carney talk during a family photo at the G7 Summit in Kananaskis, Alberta, Canada, June 16, 2025. Amber Bracken | Reuters U.S. President Donald Trump on Thursday announced a 35% tariff on Canadian imports, starting Aug. 1, citing that Ottawa had retaliated with tariffs against Washington….

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Brazil will respond to Trump's 50% tariff with 'reciprocity,' says da Silva

Brazilian President Luiz Inacio Lula da Silva said Wednesday that his country will respond with reciprocity to U.S. President Donald Trump’s newly announced 50% tariff rate on his country’s exports, citing a recently adopted Brazilian law that authorizes the government to take proportional countermeasures. Trump said Wednesday the U.S. will impose the tariff on imports…

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China’s producer prices fall 3.6% in June, biggest drop in nearly two years as deflation deepens

Customers shop at a supermarket in Qingzhou City, East China’s Shandong Province, Aug 9, 2023. Costfoto | Nurphoto | Getty Images China’s producer prices plunged 3.6% in June from a year earlier, marking its largest decline in nearly two years, as a deepening price war rippled through the economy that’s already grappling with tepid consumer…

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