Toys to See Price Increases by Fall Due to New US Tariffs on Chinese Imports
The U.S. toy industry braces for a significant price surge as new tariffs on Chinese imports take effect. Nearly 80% of toys sold in the United States are sourced from…
European Central Bank Lowers Interest Rates Again
The European Central Bank (ECB) has once again reduced its main interest rate, cutting it from 2.75% to 2.5%. This marks the sixth time in nine months that the ECB…
Mass Layoffs Linked to DOGE Cuts, Highest in Five Years
President Donald Trump’s push to reduce the size of the federal workforce left a significant mark on the labor market in February, with job cuts reaching their highest level in…
Canadians Cancel U.S. Travel Plans Due to Tariffs and Weak Loonie
Canadian travelers have significantly reduced leisure trips to the United States, reflecting their discontent with recent tariffs imposed on Canadian goods. In February, leisure bookings to American cities plummeted by…
Trudeau Calls Trump’s Tariffs ‘Dumb’ as Retaliation Looms
Prime Minister Justin Trudeau sharply criticized U.S. President Donald Trump’s sweeping 25% tariffs on Canada, labeling the move as a “very dumb thing to do” and pledging a “relentless fight”…
China to Impose Additional 15% Tariffs on Select U.S. Goods Starting March 10
China has “firmly rejected” the imposition of additional U.S. tariffs on Chinese goods, as confirmed by the country’s Ministry of Commerce on Tuesday. In response to the latest measures from…
Trump’s Tariffs on Canada and Mexico Threaten Cost Increases
U.S. President Donald Trump has initiated tariffs on Canada and Mexico, a move that could ignite a trade war with these neighboring nations. These tariffs include a 25% duty on…
UK, France, and Ukraine to Present Peace Plan to Donald Trump, Says British Prime Minister
British Prime Minister Keir Starmer is spearheading a diplomatic effort to revive a peace deal for Ukraine. On Saturday, Starmer spoke with French President Emmanuel Macron and U.S. President Donald…
Warren Buffett Criticizes Trump’s Tariffs, Warns of Economic Impact
In a recent interview with CBS News’ Norah O’Donnell, Warren Buffett expressed concerns over President Donald Trump’s tariff policies, highlighting potential negative repercussions for consumers. Buffett, known as the “Oracle…
Bank of Korea Reduces Rates to Stimulate Growth Amid Economic Pressures
The Bank of Korea (BOK) has cut its benchmark interest rate to 2.75% from 3%, marking the lowest level since August 2022. This decision, announced on Thursday, represents the third…
Trump Proposes Statehood to Canada to Bypass Tariffs in Trade Tensions
President Donald Trump has once again stirred the waters of international trade, reiterating his threat to impose tariffs on Canada unless certain conditions are met. In a bold move, Trump…
UK Government Engages in Talks Over Potential Benefits of PEM Plan
The United Kingdom government has initiated discussions with businesses regarding the potential advantages of joining the Pan-Euro-Mediterranean (PEM) convention. This plan could significantly streamline trade processes by reducing bureaucratic hurdles.…
Doug Gurr Steps In as Interim Chair of the UK’s Antitrust Body
The United Kingdom’s Competition and Markets Authority (CMA) has appointed Doug Gurr, a former executive from Amazon, as its interim chairman. This appointment comes at a crucial time as the…
Canada Braces for Trump’s Tariff Threats After Inauguration
Donald Trump’s inauguration on Monday at the Capitol Rotunda marked the beginning of a presidency that promises significant shifts in U.S. policy and international relations. In his inaugural address, Trump…
Trump Unveils Major Tariffs in Post-Inauguration Economic Plan
In a bold move following his inauguration, President Trump announced plans to implement comprehensive tariffs as part of his economic agenda. He presented these tariffs as a pathway to make…
California Cracks Down on Price Gouging Amid Rent Hikes in Disaster Zones
California officials are sounding the alarm as rent prices skyrocket in fire-affected areas of Los Angeles. With the declaration of a state of emergency due to recent wildfires, the law…
South Korea’s Central Bank Surprises Markets by Holding Rates Steady
South Korea’s central bank, the Bank of Korea (BOK), made the surprising decision to maintain its benchmark policy rate at 3%, following two back-to-back rate cuts in previous meetings. This…
Goldman Sachs CEO Optimistic Despite IPO and M&A Market Challenges
The landscape of public companies in the United States has undergone significant transformation over the past quarter-century. Currently, there are approximately 3,800 public companies, a sharp decline from 13,000 just…
India’s Inflation Drops to 5.22%, Marking the Lowest Level in Four Months
India’s inflation rate eased to 5.22% in December, marking the lowest level in four months, driven by a decline in food prices, according to the National Statistical Office (NSO). This…
Southern Japan Jolted by 6.9 Magnitude Earthquake, Triggers Tsunami Advisory
A powerful earthquake with a preliminary magnitude of 6.9 struck southern Japan on Monday night, sending tremors through the region and prompting tsunami advisories. The seismic event occurred at 9:19…