Browsing: Business

U.S. stocks declined on Monday following President Donald Trump’s announcement of new tariffs on China, Mexico, and Canada. However, major indices pared early losses mid-morning after Trump stated that tariffs against Mexico would be delayed by one month. The Nasdaq Composite reduced its earlier drop to

The South Korean won fell sharply against the US dollar on Monday, reaching its lowest point of the year amid growing concerns over the economic impact of new tariffs announced by US President Donald Trump. The decline reflects increased uncertainty surrounding the Korean

The Trump administration has reaffirmed its plan to impose 25% tariffs on all goods imported from Canada and Mexico, set to take effect on February 1. Economic experts warn that such tariffs could significantly increase consumer prices across various sectors, including fuel, groceries, and automobiles.

Shares of H&M fell on Thursday after the Swedish fashion retailer reported lower-than-expected fourth-quarter sales, despite a slight increase in full-year operating profit. The company cited the later timing of Black Friday as a factor in the sales shortfall but

British energy giant Shell reported a 16% drop in full-year profit for 2024, citing weaker oil and gas prices, lower refining margins, and reduced demand. Despite missing analyst expectations, the company raised its shareholder dividend by 4% and launched a

Russia achieved a historic milestone in 2024, with grain exports reaching a record-breaking 72 million tonnes, according to data released by the Russian Agricultural Export Development Centre, Agroexport. This marks a significant increase from the 68.6 million tonnes exported in 2023,

Nvidia shares dropped 14% in premarket trading on Monday, leading a widespread sell-off in global technology stocks after Chinese AI startup DeepSeek revealed advancements that raised concerns about the competitive landscape in artificial intelligence. The developments are seen as a challenge to the

The Bank of Japan (BOJ) raised its benchmark interest rate by 25 basis points to 0.5% on Friday, marking the highest level since 2008. The move, reflecting a cautious pivot towards monetary policy normalization, comes amid signs of sustained inflation

Amazon announced it will close all seven of its warehouses in Quebec, Canada, over the next two months, eliminating approximately 1,700 full-time jobs and 250 temporary positions. The company said the decision was part of an operational review aimed at long-term cost

Former U.S. President Donald Trump has unveiled a groundbreaking private-sector initiative involving a $500 billion investment in artificial intelligence infrastructure. The announcement, made on Tuesday alongside key figures from OpenAI, Softbank, and Oracle, marks one of the largest technology ventures in history. Trump, flanked