#trade-impact

#trade-impact

The Iranian rial shot above 1.81 million to the US dollar on the open market by early afternoon on Wednesday before partially recovering. The embattled currency changed hands for about 1.54 million earlier this week, and its rate was about 811,000 per US dollar a year ago.

Gross Domestic Product (GDP) growth showed a mixed picture across the 25 OECD countries for which data was available in the third quarter of 2025. 12 countries recorded higher growth rates compared with Q2 2025, GDP was unchanged in 3 countries, while 5 recorded lower growth compared with Q2 2025 and 5 recorded a GDP contraction. As a result, GDP growth in the OECD slowed to 0.2% in Q3 2025, down from 0.4% in the previous quarter, according to provisional estimates.

The imposition of tariffs by the Trump administration has left medical device manufacturers like Siemens Healthineers grappling with potential increased costs and supply chain disruptions.