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Today: April 16, 2025
Today: April 16, 2025

Economy

Economy|Health|MidEast|Political|World

Afghan children will die because of US funding cuts, aid official says

An aid agency official says Afghan children will die because of US funding cuts

Afghan children will die because of US funding cuts, aid official says
Business|Economy|US

Hundreds of NYC beer delivery workers go on strike

Hundreds of NYC beer delivery workers go on strike

Hundreds of NYC beer delivery workers go on strike
Americas|Business|Economy|World

China's Cofco hiring dozens in farm powerhouse Brazil

Cofco International, which is building its biggest export port terminal in the world in Brazil, said on Tuesday China's state-run food group is recruiting

China's Cofco hiring dozens in farm powerhouse Brazil
Business|Economy|Finance|Stock Markets|US

US banks maintain steady headcount amid tariff turbulence

Major U.S. banks kept their staffing levels largely stable in the first quarter, bracing for potential disruption later in the year that some analysts say may trigger job cuts.

US banks maintain steady headcount amid tariff turbulence
Business|Economy|Finance|US

Bank of America ordered to pay $540 million in long-running lawsuit from the FDIC

A federal judge has ordered Bank of America to pay more than $540 million to resolve long-running litigation from a U.S. regulator that alleged the company underpaid mandatory assessments for deposit insurance

Bank of America ordered to pay $540 million in long-running lawsuit from the FDIC
Americas|Business|Economy|Political

Mexico confident it can renew tomato agreement with US

The Mexican government said on Tuesday it hopes to begin talks with the United States to renew a bilateral agreement on Mexican tomato exports from which Washington has said it

Mexico confident it can renew tomato agreement with US
Americas|Business|Economy|World

Peru economy undershoots expectations in February

Peru's economy grew 2.68% in February, data from the nation's INEI statistics agency showed on Tuesday, falling short of estimates despite most sectors logging growth.

Peru economy undershoots expectations in February
Business|Economy|US

UAW members at General Dynamics' electric boat unit authorize strike

Union members at General Dynamics Electric Boat unit voted to authorize a strike, the United Auto Workers said on Tuesday.

UAW members at General Dynamics' electric boat unit authorize strike
Business|Economy|Finance|US

US banks flag risks to consumer spending from tariff uncertainty

U.S. consumer spending has benefited from strong wage growth and low unemployment so far, but it faces huge risks if the upheaval sparked by President Donald Trump's trade

US banks flag risks to consumer spending from tariff uncertainty
Economy|Europe|Political|World

Spend more on defence now to protect Europe from Russia, says Lithuania's defence minister

Europe must remove borrowing limits for defence spending or face the prospect of war with Russia, Lithuanian Defence Minister Dovile Sakaliene told Reuters on

Spend more on defence now to protect Europe from Russia, says Lithuania's defence minister
Business|Economy|Europe|Political|US|World

Italy's Meloni to meet Trump amid U.S.- Europe trade tensions

Italian Prime Minister Giorgia Meloni is heading to the White House for a meeting on Thursday with President Donald Trump, seeking to ease tensions over U.S. tariffs

Italy's Meloni to meet Trump amid U.S.- Europe trade tensions
Business|Economy|Technology|US

Comcast unveils five-year internet price lock to stem broadband losses

Comcast unveiled a five-year price lock for its Xfinity Internet service on Tuesday, aiming to stem subscriber losses and bolster its broadband business as competition in the sector

Comcast unveils five-year internet price lock to stem broadband losses
Business|Economy|Finance|Political|US

Judge scraps US rule capping credit card late fees at $8

A federal judge on Tuesday threw out a U.S.

Judge scraps US rule capping credit card late fees at $8
Business|Economy|Political|US|World

Chile, Canada and Peru push back against Trump's copper tariff probe

Chile, Canada and Peru - three of the largest copper suppliers to the United States - have told President Donald Trump's administration that imports of the

Chile, Canada and Peru push back against Trump's copper tariff probe
Business|Economy|Europe|Political|US|World

Tariffs on toilet paper? Europe threatens tit-for-tat levies on a range of US goods if trade talks fail

Tariffs on toilet paper? Europe threatens tit-for-tat levies on a range of US goods if trade talks fail

Tariffs on toilet paper? Europe threatens tit-for-tat levies on a range of US goods if trade talks fail
Asia|Business|Economy|Political|Stock Markets|US

Boeing shares fall on report that China has halted its deliveries as part of trade war

Boeing shares fall on report that China has halted its deliveries as part of trade war

Boeing shares fall on report that China has halted its deliveries as part of trade war
Business|Economy|Health|Technology|US

Johnson & Johnson expects $400 million in tariff-related costs, mostly related to China

Health care giant Johnson & Johnson expects about $400 million in tariff-related costs this year

Johnson & Johnson expects $400 million in tariff-related costs, mostly related to China
Business|Economy|Political|US

US construction optimism hit by Trump trade policies, says Sika CEO

Optimism in parts of the U.S. construction industry has fallen in the wake of President Donald Trump's unpredictable trade policies, construction chemicals maker

US construction optimism hit by Trump trade policies, says Sika CEO
Asia|Business|Economy|World

China's customs administration encourages companies to expand in diverse markets

The head of China's General Administration of Customs on Tuesday encouraged import and export businesses to rise to the challenges presented by sweeping U.S. tariffs by expanding

China's customs administration encourages companies to expand in diverse markets
Business|Economy|Finance|MidEast|Political

Lebanon hopes to meet foreign bondholders in coming year, finance minister says

Lebanese officials hope to meet international bondholders to talk about restructuring debt in the next 12 months but are not planning any meetings

Lebanon hopes to meet foreign bondholders in coming year, finance minister says
Americas|Business|Economy

Canadian home sales post weakest March since 2009 on tariff uncertainty

Canadian home sales and house prices declined in March, while the outlook for the full year turned less rosy, as U.S.-led global trade tensions threatened to upend

Canadian home sales post weakest March since 2009 on tariff uncertainty
Business|Economy|Finance|Technology|US

Airbus expects to finalise Spirit Aero deal this month, CFO says

Airbus expects to finalise an agreement to buy part of the assets of Spirit AeroSystems by the end of the April and close the deal by mid-year, "ideally by June 30", Chief Financial

Airbus expects to finalise Spirit Aero deal this month, CFO says
Business|Economy|Europe|Finance|Political|US

European rating agency Scope sends US downgrade warning

European credit ratings agency Scope has warned that the United States could be downgraded if a lengthy trade war erodes long-term trust in the dollar, or if President

European rating agency Scope sends US downgrade warning
Asia|Economy|Finance|Political|Stock Markets|US

Dollar gains on euro, yen, but tariffs keep investors cautious

The dollar rose against the euro and yen on Tuesday, showing tentative signs of recovery following a sharp selloff that saw the dollar index tumble more than 3%

Dollar gains on euro, yen, but tariffs keep investors cautious
Business|Economy|US

Caterpillar names insider Joe Creed as successor to CEO Umpleby

Caterpillar said on Tuesday that Chief Operating Officer Joe Creed would succeed Jim Umpleby as CEO, tapping an insider to help the construction

Caterpillar names insider Joe Creed as successor to CEO Umpleby
Americas|Asia|Business|Economy|Technology

Apple airlifted iPhones worth a record $2 billion from India in March as Trump tariffs loomed

Apple's main India suppliers Foxconn and Tata shipped nearly $2 billion worth of iPhones to the United States in March, an all-time high, as

Apple airlifted iPhones worth a record $2 billion from India in March as Trump tariffs loomed
Americas|Business|Economy|Finance|Political

Canada to spare automakers, other sectors from some tariffs on US imports

Canada will allow some relief to domestically-based automakers and manufacturers in specific sectors from counter-tariffs provided they meet certain conditions, the Finance Ministry

Canada to spare automakers, other sectors from some tariffs on US imports
Business|Economy|Finance|US

US import prices muted, but tariffs loom over inflation

U.S. import prices unexpectedly fell in March, pulled down by decreasing costs for energy products, the latest indication that inflation was subsiding before

US import prices muted, but tariffs loom over inflation
Business|Economy|Europe|Political|Technology

Airbus affirms 2025 targets but is still assessing impact of trade tensions

Europe's Airbus reaffirmed forecasts for the year but cautioned on Tuesday that it was still assessing the impact of trade tensions on its operations - simultaneously hit by

Airbus affirms 2025 targets but is still assessing impact of trade tensions
Business|Economy|Political|US

Former US labor officials urge contractors to stand firm on DEI

A group of former U.S.

Former US labor officials urge contractors to stand firm on DEI
Business|Economy|Europe|Political|Technology

Stellantis chair says US tariffs, EU rules put auto industry at risk

Stellantis Chairman John Elkann said on Tuesday U.S. tariffs and strict European Union emissions standards were threatening the industry, as the automaker continued its search for a

Stellantis chair says US tariffs, EU rules put auto industry at risk
Business|Economy|Finance|Health|Stock Markets

Johnson & Johnson CEO warns US tariffs may disrupt drug supply

Johnson & Johnson Chief Executive Joaquin Duato said on Tuesday that tariffs on pharmaceuticals can create supply chain disruptions and that favorable

Johnson & Johnson CEO warns US tariffs may disrupt drug supply
Africa|Business|Economy

Nigeria's annual inflation picks up to 24.23% in March

Nigeria's headline consumer inflation edged up to 24.23% year-on-year in March from 23.18% in February, its statistics agency said on Tuesday.

Nigeria's annual inflation picks up to 24.23% in March
Asia|Business|Economy

China orders airlines to suspend Boeing jet deliveries amid trade war, Bloomberg News reports

China has ordered its airlines not to take further deliveries of Boeing jets in response to the U.S. decision to impose 145% tariffs on Chinese goods, Bloomberg News reported on Tuesday,

China orders airlines to suspend Boeing jet deliveries amid trade war, Bloomberg News reports
Business|Economy|Food|Political|US

Ranchers hope Trump's tariffs boost demand for cattle but some fear market uncertainty

Ranchers hope President Donald Trump's tariffs will make imported beef expensive enough that Americans will turn to cattle raised at home for all their hamburger and steaks

Ranchers hope Trump's tariffs boost demand for cattle but some fear market uncertainty
Business|Economy|Sports|US

WNBA draftees turn attention to making rosters as training camp opens in a few weeks

Paige Bueckers will be heading to Dallas, the latest transcendent college star to go No. 1 in the WNBA draft

WNBA draftees turn attention to making rosters as training camp opens in a few weeks
Americas|Economy|Education|Environment|US

Chicago's Working Bikes gets bicycles to people in need at home and worldwide

Chicago's Working Bikes gets bicycles to people in need at home and worldwide

Chicago's Working Bikes gets bicycles to people in need at home and worldwide
Economy|Environment|Science|US

25 years of Everglades restoration has improved drinking water for millions in Florida, but a new risk is rising

Changes to the landscape and pollution have harmed this vital ecosystem known as the ‘river of grass.’

25 years of Everglades restoration has improved drinking water for millions in Florida, but a new risk is rising
Americas|Business|Economy|Finance|Travel

Canada's inflation surprisingly slows to 2.3% in March

Canada's annual inflation surprisingly slowed in March to 2.3%, three notches below the prior month, largely helped by lower gasoline and travel tour prices, data

Canada's inflation surprisingly slows to 2.3% in March
Americas|Business|Economy|Finance

Brazil's Gol postpones deadline for proposed $1.9 billion financing

Brazilian airline Gol has postponed the deadline for investors to analyze proposals for a $1.9 billion financing, it said in a statement on Tuesday, citing the volatility created

Brazil's Gol postpones deadline for proposed $1.9 billion financing
Americas|Business|Economy|Finance

Canadian housing starts post surprise decline in March

Canadian housing starts declined 3.3% in March compared with the previous month, data from the national housing agency showed on Tuesday.

Canadian housing starts post surprise decline in March
Asia|Business|Economy|Political|World

Oil prices steady as market considers latest US tariff changes

Oil prices were little changed on Tuesday as investors digested the latest headlines on U.S.

Oil prices steady as market considers latest US tariff changes
Economy|Sports

Increased spending expected as Paige Bueckers drafted to Dallas Wings

Increased spending expected as Paige Bueckers drafted to Dallas Wings

Increased spending expected as Paige Bueckers drafted to Dallas Wings
Business|Economy|Finance|Stock Markets|US

Grocer Albertsons forecasts annual profit below estimates on rising costs

Albertsons forecast annual profit below estimates on Tuesday as the company offers selective discounts and invests in its loyalty program to drive sales while inflation pressures consumer

Grocer Albertsons forecasts annual profit below estimates on rising costs
Business|Economy|Political|US

Companies eye US expansion to lessen fallout from tariffs

Some companies have said they are looking at expanding their presence or setting up shop in the United States to mitigate the impact of President Donald Trump's sweeping tariffs.

Companies eye US expansion to lessen fallout from tariffs
Americas|Business|Economy|Finance

Instant View: Canada's annual inflation eases to 2.3% in March

Canada's annual inflation rate fell to 2.3% in March from 2.6% in February, helped by lower gasoline and travel tour prices.

Instant View: Canada's annual inflation eases to 2.3% in March
Business|Economy|Finance|Stock Markets|US

BofA stock surges after boosting profit on trading gains, interest income

Bank of America topped estimates on Tuesday for first-quarter profit as interest income grew and volatile markets helped its stock traders

BofA stock surges after boosting profit on trading gains, interest income
Business|Economy|Technology|US

Lucid says it is on track to enter midsize electric SUV market next year

Lucid is on track to launch its midsize electric SUV in 2026, company executives said on Tuesday, as the EV maker looks to tap an increasingly competitive

Lucid says it is on track to enter midsize electric SUV market next year
Business|Economy|Food|US

Chili’s trolls McDonald’s with its new quarter pounder burger

Chili’s trolls McDonald’s with its new quarter pounder burger

Chili’s trolls McDonald’s with its new quarter pounder burger
Business|Economy|Europe|Political|World

Raw materials to keep British Steel plant operating reach the UK

The U_K_ government says that it has bought enough raw materials to keep Britain’s last steelmaking blast furnaces operating for the “coming weeks.”

Raw materials to keep British Steel plant operating reach the UK
Business|Economy|Finance|Stock Markets

HSBC trims Brent crude oil price forecasts for 2025 and 2026

HSBC revised down its Brent crude oil price forecasts for 2025 and 2026, following the announcement of tariffs by U.S.

HSBC trims Brent crude oil price forecasts for 2025 and 2026
Business|Economy|Finance|US

PNC Financial first-quarter profit rises on higher interest income

U.S. bank PNC Financial reported a rise in first-quarter profit on Tuesday, helped by a boost in interest income.

PNC Financial first-quarter profit rises on higher interest income
Business|Economy|Europe

Stellantis closing in on new CEO with shortlist of five candidates, sources say

French-Italian carmaker Stellantis has reduced its shortlist of CEO candidates to five, said two people familiar with the matter, as

Stellantis closing in on new CEO with shortlist of five candidates, sources say
Business|Economy|Europe|Health|Political|US

Irish pharma exports to U.S. surge to 10.5 billion euros amid tariff threat

Irish exports of pharmaceutical and medical products to the U.S. surged by more than 450% year-on-year in February, data showed on Tuesday, a second monthly hike that suggested U.S.

Irish pharma exports to U.S. surge to 10.5 billion euros amid tariff threat
Business|Economy|Finance|Stock Markets|US

Citigroup profit surges as stock trading jumps 23%

Citigroup's profit surged in the first quarter as its traders reaped a windfall from volatile markets that fueled client activity.

Citigroup profit surges as stock trading jumps 23%
Asia|Business|Economy|Political|World

Indonesia to propose $10 billion US energy imports increase in tariff talks

Indonesia will propose increasing its imports of crude oil and liquefied petroleum gas from the United States by around $10 billion as part of its tariff negotiations, energy

Indonesia to propose $10 billion US energy imports increase in tariff talks
Economy|Europe|Political

Bayrou cites Trump "hurricane" as he calls on France to fix public finances

France urgently needs to reduce its budget deficit to confront a "tsunami of destabilisation" that includes a bellicose Russia and a trade war

Bayrou cites Trump "hurricane" as he calls on France to fix public finances
Business|Economy|Europe

German investor morale plunges to lowest level since start of Ukraine war

German investor morale in April posted its strongest decline since Russia invaded Ukraine in 2022 due to uncertainty unleashed by U.S. tariffs.    

German investor morale plunges to lowest level since start of Ukraine war
Business|Economy|Finance|Stock Markets|Technology

Binance among crypto exchanges hit by Amazon Web Services outage

Crypto exchange Binance said it briefly stopped allowing users to withdraw from the platform on Tuesday, due to an issue involving an Amazon Web Services (AWS) data centre, while other

Binance among crypto exchanges hit by Amazon Web Services outage
Africa|Business|Economy

IMF and Ghana agree programme review that will unlock $370 million

Ghana and the International Monetary Fund have reached a staff-level agreement on the fourth review of its $3 billion loan programme, the IMF

IMF and Ghana agree programme review that will unlock $370 million
Business|Economy|Europe|Fashion and Beauty|Stock Markets

LVMH overtaken by Hermes in market capitalization as sales disappoint

LVMH lost its position on Tuesday as Europe's largest luxury company in terms of market capitalization after being overtaken by rival Hermes due to investor

LVMH overtaken by Hermes in market capitalization as sales disappoint
Asia|Business|Economy

India's retail inflation slips to over 5-year low, opens door to more rate cuts

India's retail inflation slipped to a more-than-five-year low as food prices continued to moderate, creating room for deeper central bank

India's retail inflation slips to over 5-year low, opens door to more rate cuts
Asia|Economy|Environment

India forecasts above average monsoon rains in boost to crop output, economy

India is likely to see above-average monsoon rains for the second straight year in 2025, the government said on Tuesday, raising

India forecasts above average monsoon rains in boost to crop output, economy
Business|Economy|Finance|Opinion|Stock Markets|US

Fed gives market a breather

(The opinions expressed here are those of the author, a columnist for Reuters.)

Fed gives market a breather
Business|Economy|Europe|Finance|Political

U.S. policy on stablecoins more dangerous than tariffs, Italian minister says

U.S. policy on stablecoins offers European citizens an attractive payment method for cross-border transactions which should trigger more concern than trade tariffs,

U.S. policy on stablecoins more dangerous than tariffs, Italian minister says
Africa|Economy|Environment|MidEast|Travel

Egypt’s tourism push puts pristine Red Sea beach at risk, say environmentalists

Ras Hankorab Beach, a pristine spot on southern Egypt's Red Sea coast with crystal clear waters and flat white sands, is the jewel of Egypt's Wadi el-Gemal

Egypt’s tourism push puts pristine Red Sea beach at risk, say environmentalists
Asia|Business|Economy|Political|US

India to pursue trade liberalisation with US, official says

India has decided to pursue a path of trade liberalisation with the United States, India's trade secretary said on Tuesday, with the two countries signing the terms of reference

India to pursue trade liberalisation with US, official says
Asia|Business|Economy|Health|Political

Tariff wars to hit popular US-made drugs in China, regulator data shows

Popular Western medicines for diseases including cancer and diabetes have been caught in the escalating U.S.-China trade war, a Reuters review of Chinese regulator

Tariff wars to hit popular US-made drugs in China, regulator data shows
Americas|Australia|Business|Economy|Finance

Britain's financial watchdog sets up in US and Asia to attract firms to UK

Britain's Financial Conduct Authority has appointed staff in the United States and the Asia-Pacific region for the first time, to help overseas firms to enter the British market and

Britain's financial watchdog sets up in US and Asia to attract firms to UK
Asia|Business|Economy|Europe|Political|Technology|US|World

Global electric vehicle sales up 29% in March, researchers find

Global sales of electric and plug-in hybrid vehicles rose 29% year-on-year in March, helped by growth in China and Europe, while EV growth in North America was

Global electric vehicle sales up 29% in March, researchers find
Asia|Business|Economy|Political|World

China, Vietnam support multilateral trade regime amid U.S. tariff pressure

China and Vietnam expressed their support for maintaining a multilateral trade regime centered around the World Trade Organization in a joint statement issued on Tuesday at the end

China, Vietnam support multilateral trade regime amid U.S. tariff pressure
Economy|Political|US

‘People are feeling betrayed’: They paid taxes in good faith and now fear it could lead to their deportation

‘People are feeling betrayed’: They paid taxes in good faith and now fear it could lead to their deportation

‘People are feeling betrayed’: They paid taxes in good faith and now fear it could lead to their deportation
Business|Economy|Europe|Finance|Stock Markets

Sterling edges up; UK data shows softer jobs market

The pound edged up on Tuesday, clawing back some gains from the euro in particular, as the volatility that has dominated markets for the past couple of weeks appeared to ebb.

Sterling edges up; UK data shows softer jobs market
Asia|Business|Economy|Political|World

Pakistan mulls US oil imports to ease trade imbalance, sources say

Pakistan is considering importing crude oil from the United States for the first time to offset a trade imbalance that triggered higher U.S. tariffs, according to a

Pakistan mulls US oil imports to ease trade imbalance, sources say
Business|Economy|Europe|Finance

Euro zone banks tightening corporate credit access on rising economic risk, ECB survey shows

Euro zone banks curbed firms' access to credit last quarter and expect to keep tightening credit standards due to increasing concerns about the economic outlook, the European

Euro zone banks tightening corporate credit access on rising economic risk, ECB survey shows
Asia|Business|Economy|Political|World

China says it is 'tearing down walls' to expand trade alliances amid US standoff

China is "tearing down walls" and expanding its circle of trading partners, "shaking hands" instead of "shaking fists", its foreign ministry said on Tuesday, as Beijing works on

China says it is 'tearing down walls' to expand trade alliances amid US standoff
Asia|Business|Economy|Political

At China's largest trade fair, exporters say US markets are 'frozen'

Candice Li says that after Washington raised tariffs on Chinese goods by 145%, U.S. orders for the medical devices her firm is making

At China's largest trade fair, exporters say US markets are 'frozen'
Business|Economy|Europe|Political|World

UK employers cut jobs in run-up to Reeves' tax hike

Britain's labour market weakened before this month's tax hike on employers, data showed on Tuesday, but wage growth remained strong,

UK employers cut jobs in run-up to Reeves' tax hike
Business|Economy|Europe|Finance|Stock Markets

European shares advance as Trump hints at auto-related tariff relief; LVMH plunges

European shares rose on Tuesday as investors weighed fast-changing U.S. tariff plans, while shares of LVMH slumped after the luxury

European shares advance as Trump hints at auto-related tariff relief; LVMH plunges
Business|Economy|Finance|Lifestyle

Good ways to put your tax refund to use

Good ways to put your tax refund to use

Good ways to put your tax refund to use
Business|Economy|Europe|Finance

Banknote printer De La Rue backs $347 million offer from U.S. firm Atlas

British banknote printer De La Rue on Tuesday backed a $347 million takeover bid by U.S. buyout firm Atlas Holdings, offering a 16% premium over

Banknote printer De La Rue backs $347 million offer from U.S. firm Atlas
Business|Economy|Europe

Euro zone industry grows more than expected in February

Euro zone industrial output rose more than expected in February, raising hopes that the sector bottomed out after a two-year recession, even if U.S. trade policy keeps risks high

Euro zone industry grows more than expected in February
Asia|Economy|Election|Political

Singapore to hold election on May 3 amid cost of living and trade concerns

Singapore will hold a national election on May 3, the election commission said on Tuesday, amid worries about the cost of living and fears of a recession as a result of U.S.

Singapore to hold election on May 3 amid cost of living and trade concerns
Economy|Political|US

Trump trade war dries up sorghum sales to China but US farmers plan to plant more

U.S.

Trump trade war dries up sorghum sales to China but US farmers plan to plant more
Asia|Business|Economy|Finance|Political

South Korea aims to delay US tariffs in talks, cooperate in mutual areas

South Korea will seek to delay the implementation of tariffs as long as possible in negotiations with the United States, its finance minister said on

South Korea aims to delay US tariffs in talks, cooperate in mutual areas
Asia|Business|Economy

India's wholesale inflation slows to four-month low in March

India's wholesale inflation eased to a four-month low in March as food prices rose at a slower pace, according to government data released on Tuesday.

India's wholesale inflation slows to four-month low in March
Business|Economy|Europe|Fashion and Beauty|Finance

Nivea-maker Beiersdorf posts marginal first-quarter sales beat

German consumer goods maker Beiersdorf, the first European large-cap global health and personal care company to report first-quarter results, on Tuesday posted group sales marginally ahead

Nivea-maker Beiersdorf posts marginal first-quarter sales beat
Economy|Europe|Finance

French consumer inflation confirmed at +0.9% y/y in March

Consumer price inflation in France was stable in March, in line with analysts' expectations and the preliminary reading, statistics office INSEE said on Tuesday.

French consumer inflation confirmed at +0.9% y/y in March
Business|Economy|Finance|Stock Markets|US

Global investors dump holdings of US stocks at record pace, BofA survey says

Global investors have slashed their holdings of U.S. stocks by a record amount in the past two months, and think a trade war that triggers global recession is the biggest risk for

Global investors dump holdings of US stocks at record pace, BofA survey says
Economy|Europe|Health|Political|Science

High UK visa costs deter international scientists and engineers

It took Ed Roberts over a year to find a senior scientist to work at his cancer research laboratory in Scotland, a delay he blames on high UK visa costs that

High UK visa costs deter international scientists and engineers
Asia|Business|Economy|Political|World

South Korean officials considering Alaska trip for gas project talks

South Korean industry ministry officials are considering travelling soon to Alaska as part of working-level negotiations between the United States and South Korea over Alaska's gas

South Korean officials considering Alaska trip for gas project talks
Business|Economy|Finance|MidEast

Lazard boosts UAE footprint with financial advisory office in Abu Dhabi

Lazard is strengthening its footprint in the United Arab Emirates by opening an office in the capital city of Abu Dhabi which will serve as the investment bank's main financial

Lazard boosts UAE footprint with financial advisory office in Abu Dhabi
Africa|Americas|Business|Economy|MidEast

Oil price drop turns up heat on emerging market crude exporters

A steep drop in crude oil prices largely due to U.S.

Oil price drop turns up heat on emerging market crude exporters
Business|Economy|Europe|Finance|Stock Markets|Technology|US

Ericsson's profit surges as North American clients buy gear ahead of Trump's tariffs

Ericsson's first-quarter core earnings trounced analysts' expectations on Tuesday as North American telecom customers placed more orders for its gear ahead of the

Ericsson's profit surges as North American clients buy gear ahead of Trump's tariffs
Asia|Economy|Environment|Health|World

Extended heatwave in India, Pakistan to test survivability limits, with temperatures reaching Death Valley levels

Extended heatwave in India, Pakistan to test survivability limits, with temperatures reaching Death Valley levels

Extended heatwave in India, Pakistan to test survivability limits, with temperatures reaching Death Valley levels
Americas|Business|Economy|Political|World

Inflation, currency woes worsen Venezuela's complex crisis as Maduro declares 'economic emergency'

Erick Ojeda has no money

Inflation, currency woes worsen Venezuela's complex crisis as Maduro declares 'economic emergency'
Asia|Business|Economy|Political|World

China, Vietnam to assess viability of new railways, document shows

China and Vietnam took initial steps during Chinese President Xi Jinping's visit to Hanoi this week to develop new rail links, as they agreed to conduct feasibility studies for two

China, Vietnam to assess viability of new railways, document shows
Asia|Business|Economy|Health|Political|Technology|US

US moves ahead on tariffs with investigations into computer chips and pharmaceuticals

The Trump administration has taken its next steps toward imposing more tariffs on key imports, launching investigations into imports of computer chips and products that contain them, chip making equipment and pharmaceuticals

US moves ahead on tariffs with investigations into computer chips and pharmaceuticals
Business|Economy|Finance|Political|Stock Markets|Technology|US

Tariffs uncertainty clouds outlook for ASML's earnings

Investors will seek clarity on the risks posed by tariffs U.S.

Tariffs uncertainty clouds outlook for ASML's earnings
Asia|Business|Economy|US

Nissan to cut Japanese production of top-selling US model due to tariffs, source says

Nissan will cut Japanese production of its top-selling U.S. model, the Rogue SUV, over May-July, said a person familiar with the matter, becoming the latest global

Nissan to cut Japanese production of top-selling US model due to tariffs, source says
Business|Economy|Europe|Finance|Political|Stock Markets|US

Taxes and tariffs on the mind as relief rally limps along

A look at the day ahead in European and global markets from Rocky Swift It's tax day in the United States, the deadline for most Americans to file their returns to Uncle Sam, but there's far less

Taxes and tariffs on the mind as relief rally limps along
Asia|Business|Economy|Political|World

Chinese official says US tariff aims to 'take away Hong Kong's life'

One of China's top officials overseeing Hong Kong affairs, Xia Baolong, said on Tuesday that the United States' tariff war was "extremely shameless" and aims to "take away Hong

Chinese official says US tariff aims to 'take away Hong Kong's life'
Australia|Business|Economy|Finance

Australian casino operator Star says first-half loss widened as woes mount

Australia's embattled casino operator Star Entertainment reported a bigger-than-expected first-half loss on Tuesday, as remediation costs continue to bite even though it

Australian casino operator Star says first-half loss widened as woes mount
Asia|Business|Economy|Finance|Stock Markets

UBS lowers forecast for China 2025 GDP growth to 3.4% on tariff hikes

UBS has downgraded its China GDP growth forecast to 3.4% for 2025, on the assumption that tariff hikes between it and the United States will remain in

UBS lowers forecast for China 2025 GDP growth to 3.4% on tariff hikes
Asia|Business|Economy

China's murky bankruptcies expose hazards for foreign investors

When a Chinese pork producer filed for bankruptcy in 2019, the news came as a jolt to Alan Hill.

China's murky bankruptcies expose hazards for foreign investors
Asia|Business|Economy|Finance|Stock Markets

Japan seeks full removal of US tariffs ahead of trade talks

Japan will seek full removal of additional tariffs imposed by U.S.

Japan seeks full removal of US tariffs ahead of trade talks
Asia|Business|Economy|Technology|US

Taiwan to simulate impact of US tariffs on semiconductor sector

Taiwan will simulate the impact of any U.S. tariffs on the semiconductor industry and seek talks with Washington on the issue, the island's economy minister said on Tuesday.

Taiwan to simulate impact of US tariffs on semiconductor sector
Americas|Business|Economy|Political|US

US Treasury's Bessent backs Argentina's economic reforms with eye on China

U.S.

US Treasury's Bessent backs Argentina's economic reforms with eye on China
Asia|Business|Economy|Political|World

China urges Vietnam to resist ‘unilateral bullying’ as Xi tries to rally region in face of Trump tariffs

China urges Vietnam to resist ‘unilateral bullying’ as Xi tries to rally region in face of Trump tariffs

China urges Vietnam to resist ‘unilateral bullying’ as Xi tries to rally region in face of Trump tariffs
Business|Economy|Finance|Political|US

Fed's Bostic: Bold moves 'in any direction' wouldn't be prudent

Atlanta Federal Reserve Bank President Raphael Bostic said on Monday the uncertainty surrounding the Trump administration's tariff and other policies has put the economy into a "big pause,

Fed's Bostic: Bold moves 'in any direction' wouldn't be prudent
Asia|Business|Economy

Bank of Korea to hold rates at 2.75% on April 17, assessing trade impact: Reuters poll

The Bank of Korea will keep its key interest rate unchanged at 2.75% on Thursday, according to a Reuters poll of economists who expect the central

Bank of Korea to hold rates at 2.75% on April 17, assessing trade impact: Reuters poll
Americas|Business|Economy|Finance

Brazil fintech Meliuz proposes expanding bitcoin reserves strategy

Brazilian fintech Meliuz said on Monday it will propose expanding its bitcoin reserves strategy, aiming to make the cryptocurrency the main strategic asset in the firm's treasury

Brazil fintech Meliuz proposes expanding bitcoin reserves strategy
Asia|Business|Economy|Technology

South Korea unveils $23 billion support package for chips amid US tariff uncertainty

South Korea announced on Tuesday an increase in its support package for the country's vital semiconductor industry to 33 trillion won ($23.25 billion), up about a quarter from a 26

South Korea unveils $23 billion support package for chips amid US tariff uncertainty
Business|Economy|Political|US

The Latest: Both the US and El Salvador refuse to return wrongly deported man to the US

President Donald Trump’s top advisers and Nayib Bukele, the president of El Salvador, said Monday that they had no basis for the small Central American nation to return Kilmar Abrego Garcia, a Maryland man who was wrongly deported there last month

The Latest: Both the US and El Salvador refuse to return wrongly deported man to the US
Business|Economy|Europe

UK shoppers raised their spending in March in face of Trump's tariff onslaught

British shoppers spent more last month even as worries about the global economy grew in the run-up to U.S.

UK shoppers raised their spending in March in face of Trump's tariff onslaught
Asia|Business|Economy|Finance|Political

South Korea proposes bigger extra budget of 12 trln won

South Korea will draw up an extra budget of 12 trillion won ($8.45 billion), the finance minister said on Tuesday, up from the previous proposal of 10 trillion won.

South Korea proposes bigger extra budget of 12 trln won
Business|Economy|Health|Political|Technology|US

US steps up probes into pharmaceutical, chip imports, setting stage for tariffs

The Trump administration is proceeding with probes into imports of pharmaceuticals and semiconductors as part of a bid to impose tariffs on both sectors on

US steps up probes into pharmaceutical, chip imports, setting stage for tariffs
Americas|Crime|Economy|Political|World

Haiti approves "war time budget" as criminal gangs wreak havoc

Haiti's transitional presidential council has approved on Monday an exceptional "war time budget" to address what it called a security and social emergency as armed gangs

Haiti approves "war time budget" as criminal gangs wreak havoc
Business|Economy|Finance|US

Judge orders Bank of America to pay $540 million in FDIC lawsuit

A federal judge ordered Bank of America to pay $540.3 million in a long-running Federal Deposit Insurance Corporation lawsuit accusing the second-largest U.S. bank of

Judge orders Bank of America to pay $540 million in FDIC lawsuit
Americas|Business|Economy|Food|Political

Declining prices clear way for Brazil to raise biodiesel blend to 15%, industry group says

Declining vegetable oil prices are clearing the way for Brazil to increase its mandatory biodiesel blend into diesel to 15%, up from 14%, Daniel Amaral, the

Declining prices clear way for Brazil to raise biodiesel blend to 15%, industry group says
Business|Economy|US

Head of biggest US power grid, PJM, to step down

The CEO of the largest U.S. power grid, PJM Interconnection, has decided to leave his post at the end of the year, the organization said on Monday, amid rising electricity

Head of biggest US power grid, PJM, to step down
Business|Economy|Political|US

IRS employees expect to learn their layoff fate around Tax Day, their busiest time of the year

IRS employees expect to learn their layoff fate around Tax Day, their busiest time of the year

IRS employees expect to learn their layoff fate around Tax Day, their busiest time of the year
Americas|Business|Economy|Finance

Brazil central bank says 'unclogging' monetary policy channels is a challenge

Brazilian central bank executive director Rogerio Lucca said on Monday that unclogging the transmission channels of monetary policy is a potential challenge, highlighting that

Brazil central bank says 'unclogging' monetary policy channels is a challenge
Asia|Business|Economy

ADM halting domestic trading in China, cutting jobs in Shanghai

Global grain merchant Archer-Daniels-Midland has begun shutting down domestic trading operations in China and laying off staff within

ADM halting domestic trading in China, cutting jobs in Shanghai
Business|Economy|Finance|Political|US

Bessent says White House will start interviewing candidates for next Fed chair this fall

U.S.

Bessent says White House will start interviewing candidates for next Fed chair this fall
Business|Economy|Political|US

Trump administration sued over tariffs in US Court of International Trade

A legal advocacy group on Monday asked the U.S.

Trump administration sued over tariffs in US Court of International Trade
Americas|Business|Economy|Finance|Stock Markets

JBS sets tentative dates for US listing vote, share trading in NY

JBS SA, the world's largest meat-packer, appears to have moved a step closer to obtaining the necessary approvals for a primary listing of

JBS sets tentative dates for US listing vote, share trading in NY
Americas|Business|Economy|Political|US

US says most tomatoes imported from Mexico to face 21% duty from July 14

The U.S.

US says most tomatoes imported from Mexico to face 21% duty from July 14
Economy|Finance|Political|Stock Markets|US

Trading Day: Tariff relief, but how brief?

TRADING DAY Making sense of the forces driving global markets By Jamie McGeever, Markets Columnist  Global rally fizzles as it reaches Wall Street 

Trading Day: Tariff relief, but how brief?
Business|Economy|Political|Stock Markets|Technology|US

Confusion reigns after Trump exempts electronics from new tariff regime. Here's what we know

Confusion over President Donald Trump's tariffs remains following a weekend of questions around trade in consumer electronics

Confusion reigns after Trump exempts electronics from new tariff regime. Here's what we know
Business|Economy|Finance|Political|Stock Markets|US

Trump considers pausing his auto tariffs as the world economy endures whiplash

President Donald Trump says he might temporarily exempt the auto industry from tariffs he previously imposed on the sector, to give carmakers time to adjust their supply chains

Trump considers pausing his auto tariffs as the world economy endures whiplash
Economy|Environment|Political|US

Trump administration cancels $3 billion climate-friendly farming program

The U.S.

Trump administration cancels $3 billion climate-friendly farming program
Business|Economy|Political|US|World

UN trade agency urges US to exclude poor states from tariffs

The U.N. Trade and Development agency urged U.S.

UN trade agency urges US to exclude poor states from tariffs
Business|Economy|Political|US

US Treasury chief holds out hope for China tariff deal, warns duties 'not a joke'

U.S.

US Treasury chief holds out hope for China tariff deal, warns duties 'not a joke'
Business|Economy|Finance|US

Home improvement retailer Lowe's to buy Artisan Design for $1.33 billion

U.S. home improvement retailer Lowe's Cos said on Monday it has agreed to buy Artisan Design Group for $1.33 billion from private equity firm Sterling Group.

Home improvement retailer Lowe's to buy Artisan Design for $1.33 billion
Economy|Political|US

Exhausted government workers decide to take Trump's second buyout offer

Nick Gioia was terminated from the U.S.

Exhausted government workers decide to take Trump's second buyout offer
Business|Economy|Political|US

Small businesses sue Trump administration over authority to impose tariffs

Small businesses sue Trump administration over authority to impose tariffs

Small businesses sue Trump administration over authority to impose tariffs
Economy|Finance|Political|US

Getting the IRS on the phone is more difficult this tax filing season, experts say

Taxpayers calling the IRS for help processing their taxes this filing season may find it harder than normal to get someone on the phone

Getting the IRS on the phone is more difficult this tax filing season, experts say
Business|Economy|Finance|Stock Markets|Technology|US

US stocks get boost from tariff exemptions but trade war confusion persists

US stocks get boost from tariff exemptions but trade war confusion persists

US stocks get boost from tariff exemptions but trade war confusion persists
Asia|Business|Economy|Political|Stock Markets|Technology|US

Stocks rally worldwide after Trump eases some of his tariffs on electronics, for now

Stocks rallied worldwide after President Donald Trump relaxed some of his tariffs and as stress from within the U.S. bond market seemed to ease

Stocks rally worldwide after Trump eases some of his tariffs on electronics, for now
Africa|Economy|Europe|Political|US|World

Trump administration wants to halve State Dept budget, slash foreign aid 75%

U.S.

Trump administration wants to halve State Dept budget, slash foreign aid 75%
Business|Economy|Finance|Stock Markets|US

S&P 500's 'death cross' may not be as ominous as it sounds, analysts say

A tariff-induced selloff in the U.S. stock market faces another worry, the "death cross" pattern, but history shows the ominous sounding

S&P 500's 'death cross' may not be as ominous as it sounds, analysts say
Business|Economy|Europe|Finance

Atlas Holdings bids for BoE currency printer De La Rue at 130 pence per share, Sky News reports

U.S.-based buyout firm Atlas Holdings is in advanced talks to take over Banknote printer De La Rue for about 130 pence per share, Sky News reported on Monday.

Atlas Holdings bids for BoE currency printer De La Rue at 130 pence per share, Sky News reports
Business|Economy|Finance|Stock Markets|US

BlackRock boosts outlook for US stocks after tariffs pause

The BlackRock Investment Institute said on Monday that it is taking a modestly more bullish stance on U.S. stocks following the announcement of a 90-day pause in

BlackRock boosts outlook for US stocks after tariffs pause
Business|Economy|Finance|Stock Markets|US

Wall Street ends higher with Apple shares as investors assess tariff exemptions

U.S. stocks ended higher on Monday, with Apple giving the S&P 500 its biggest boost as the White House exempted smartphones and computers from new tariffs.

Wall Street ends higher with Apple shares as investors assess tariff exemptions
Business|Economy|Finance|Stock Markets

JP Morgan cuts oil price forecasts on weak demand, higher output

JP Morgan on Monday lowered its oil price forecasts for 2025 and next year, citing higher production from OPEC+ and weaker demand.

JP Morgan cuts oil price forecasts on weak demand, higher output
Business|Economy|Europe|Political|US

EU trade chief seeks joint effort with U.S. on fair tariff deal

The European Union is seeking a fair deal on tariffs with the United States, European Trade Commissioner Maros Sefcovic said on Monday, adding that this would require a "

EU trade chief seeks joint effort with U.S. on fair tariff deal
Asia|Business|Economy|MidEast|Political

Oil rises marginally on tariff exemption, Chinese crude imports

Oil prices settled slightly higher on Monday on exemptions for some electronics from U.S. tariffs and data showing a sharp rebound in China's crude imports in

Oil rises marginally on tariff exemption, Chinese crude imports
Business|Economy|Finance|Stock Markets|US

Systematica fund down 19% following market rout

A listed version of Systematica Investments' flagship hedge fund is down roughly 19% this year, as some trend-following strategies have struggled to navigate the market turmoil

Systematica fund down 19% following market rout

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