latest news in economy

Tech Giants Build Private Natural Gas Plants to Bypass Strained Public Grids

Tech Giants Build Private Natural Gas Plants to Bypass Strained Public Grids

Austin, Saturday, 21 February 2026.
Driven by AI demands, companies are constructing private power stations; notably, a single Texas project requires generation capacity comparable to the entire city of Chicago.

Europe Swaps Russian Gas for American Imports as Energy Dependency Shifts West

Europe Swaps Russian Gas for American Imports as Energy Dependency Shifts West

Brussels, Saturday, 21 February 2026.
Facing a 2027 Russian gas ban, Europe now relies on the US for 57% of LNG imports, effectively swapping pipeline dependence for a costly, long-term transatlantic economic tether.

Trump Counters Supreme Court Defeat With Immediate Plan for New 10% Global Tariff

Trump Counters Supreme Court Defeat With Immediate Plan for New 10% Global Tariff

Washington D.C., Friday, 20 February 2026.
Hours after the Supreme Court struck down his trade policy, Trump invoked Section 122 to reimpose a 10% global tariff, layering new costs atop existing national security duties.

US Becomes Sole Major Market Facing Tourism Decline Amid Stricter Border Policies

US Becomes Sole Major Market Facing Tourism Decline Amid Stricter Border Policies

Washington, Friday, 20 February 2026.
The U.S. stands as the only major destination witnessing a travel contraction, with Canadian visits plummeting 28 percent in January 2026 due to intensified border scrutiny and policy shifts.

US Economic Growth Slows Sharply to 1.4% Rate as Inflation Pressures Persist

US Economic Growth Slows Sharply to 1.4% Rate as Inflation Pressures Persist

Washington, Friday, 20 February 2026.
Fourth-quarter GDP expanded just 1.4%, significantly missing forecasts, while core inflation defied cooling trends to hold at 3%, creating a challenging policy landscape for the Federal Reserve.