Browsing: Business

Washington, D.C. | November 16, 2025: The United States has announced a major revision to its reciprocal tariff policy, exempting a broad range of agricultural and processed-food products from additional import duties. The move, signed into effect by President Donald Trump on November 14, 2025, effectively reduces import tariffs from as high as 50% to zero on several key commodities, including coffee, tea, fruits, nuts, spices, and essential oils. The exemptions took effect on November 13 and are expected to ease trade pressures on several partner economies, including India. In an executive order released from Washington, President Trump said the decision was made following “additional information and recommendations” from trade and…

U.S. imposes steep tariffs on Italian pasta imports, raising total duties above 100% and triggering opposition from Italy and the European Commission.

WASHINGTON, November 10, 2025: Global equity markets advanced Monday as technology shares rebounded and the U.S. Senate moved closer to ending the federal government shutdown. Investor sentiment improved across regions, with major indices in Asia, Europe, and the United States gaining ground amid renewed optimism in global markets. In the U.S., futures tied to the S&P 500 rose about 0.9 per cent, while futures for the Dow Jones Industrial Average gained around 0.4 per cent. In Europe, Germany’s DAX Index increased by roughly 1.8 per cent and France’s CAC 40 climbed 1.4 per cent. The U.K.’s FTSE 100 also advanced, buoyed by improved investor sentiment. In Asia, the rally was…

Stocks weakened worldwide as the AI bubble debate intensified, driving volatility across major U.S. and global indices.

SEATTLE, Nov. 4: U.S. coffee chain Starbucks Corporation has agreed to sell a majority stake of its China operations to Chinese investment firm Boyu Capital in a deal valued at approximately US $4 billion. Under the agreement announced Monday, Boyu will acquire up to a 60 percent interest in Starbucks’ retail operations in China. Starbucks will retain the remaining 40 percent and will continue to own and license its brand and intellectual property to the newly formed venture. The agreement formalises the creation of a joint venture to operate Starbucks stores in mainland China. The enterprise value of the portion being acquired by Boyu is based…

Job openings dropped 30% while U.S. stocks climbed 70%, revealing a deep economic divide driven by Federal Reserve policy, not artificial intelligence.

NEW YORK, Nov. 4, 2025: Pfizer Inc. reported third-quarter earnings that exceeded market expectations and raised its full-year profit forecast despite continued declines in sales from its COVID-19 products. The results reflected solid cost management and stronger performance from key non-COVID medicines, which helped offset falling pandemic-related revenue. For the quarter ended September 30, Pfizer posted total revenues of US$16.65 billion, a 6 percent decrease from US$17.70 billion in the same period a year earlier. The company said the operational revenue decline, excluding foreign exchange effects, was approximately 7 percent. Reported net income for the quarter was US$3.54 billion, compared with US$4.47 billion in…

SEATTLE/SAN FRANCISCO, Nov. 3, 2025: Shares of Amazon Inc. surged to an all-time high on Monday following the announcement of a major cloud services agreement with OpenAI. The agreement is valued at approximately US$38 billion and spans seven years. Under the deal, OpenAI will gain access to hundreds of thousands of high-performance NVIDIA GPUs and an ability to scale to tens of millions of CPUs through Amazon Web Services (AWS) infrastructure. The companies stated that OpenAI will begin utilizing AWS compute resources immediately, with full deployment targeted by the end of 2026 and expansion into 2027 and beyond. Amazon’s stock price rose by roughly 5 percent on the news, reflecting…

Warren Buffett’s Berkshire Hathaway posted strong Q3 earnings with profit up 34% and a record $381.7 billion cash pile amid steady insurance performance.

BUSAN, South Korea, October 31, 2025: A new trade arrangement between the United States and China was announced during the Asia-Pacific Economic Cooperation (APEC) Summit, reflecting a pause in bilateral tensions but leaving major disputes unresolved. The agreement includes short-term tariff relief and a one-year extension of rare earth exports from China to the  United States, but lacks permanent commitments or mechanisms for enforcement. U.S. President Donald Trump and Chinese President Xi Jinping met on the sidelines of the summit to formalize the deal, which lowers U.S. tariffs on a range of Chinese goods from an average of 57 percent to 47 percent. Tariffs on Chinese exports linked…