An alloy of iron with carbon, strengthened by additives.
Markets are stabilising after a stretch of high activity in tech options, with traders shifting focus as implied volatility cools. Small caps are leading potential next moves, while global equities reflect a policy-led, carry-friendly regime.
The European Commission has proposed extending free emissions permits and slowing the rate at which caps fall, extending some allowances to 2038 and allowing outside-EU carbon credits from 2036. The shift aims to cushion industry from energy shocks while keeping climate targets in view, triggering debate among member states and green groups.
Canada and the United States have resumed intense negotiations to avert looming U.S. tariffs after weeks of tit-for-tat duties. Ottawa has been pressing for a broad, comprehensive deal; Washington is demanding changes including restored U.S. alcohol sales in some provinces and tighter rules on transshipped goods. Leaders say a final agreement remains subject to paperwork.
Canada has not finalized a trade deal with the United States as talks extend past a Friday deadline. Prime Minister Mark Carney has pledged to match U.S. tariffs dollar-for-dollar, and new 50% duties will go into effect on Saturday on roughly $20 billion in Canadian exports. Negotiations have stalled as Washington offers tariff relief in some sectors, while Canada maintains retaliatory measures.