Donald Trump’s comments on tariffs sent a ripple through currency markets as traders scrambled to get to grips with the move. Initially, the US dollar jumped in value against the…
Category: Business News
Mexico: USA needs to stop using drugs- Head Mexican Senate
Mexico may be the US’s top trading partner but that has not shielded it from Trump’s tariff threat. The Mexican government has long been Trump’s whipping boy when it comes…
China: Authorities warn USA against new tariff regime
China has warned Washington that no-one will win a trade war as Donald Trump threatens to impose an additional 10% tariff on goods heading to the United States. This is…
USA: Trump vows new tariffs on Canada, Mexico and China from day one
President-elect Donald Trump says he will introduce 25% tariffs on goods entering the US from Canada and Mexico, as well as increasing existing tariffs on China by 10%, as soon…
China: Temu owner’s shares slump as China slowdown hits sales
PDD Holdings, the Chinese owner of online shopping platforms Temu and Pinduoduo, has reported disappointing sales and profit as Chinese consumers continued to hold back amid an economic slowdown. US-listed…
Lithuania: One person died and three got injured in cargo jet crash
At least one person has died and three others have been injured after a cargo plane crashed near Vilnius airport in Lithuania in the early hours of Monday. The Boeing…
UK: Perfume boss faces criminal charges for ignoring Russia sanctions
A British businessman caught on camera confessing he was illegally selling luxury perfume to Russia is not facing criminal charges. David Crisp admitted to an undercover investigator that he had…
Canada: PM Trudeau plays Santa with seasonal tax break
Canadian Prime Minister Justin Trudeau is playing Father Christmas with a seasonally-timed tax break amid growing frustrations about Canada’s cost of living.The prime minister announced Thursday a two-month limited-time break…
Sri Lanka: IMF approves third review of Colombo’s $2.9bn bailout, but warns of risks
The International Monetary Fund (IMF) has approved the third review of Sri Lanka’s $2.9bn bailout but warned that the South Asian island nation’s economy remains vulnerable. The global lender said…
UK: Authorities want to hire EU negotiator to ‘reset’ relations
The UK government is hiring a new negotiator to help deliver a “reset” of relations with Europe.The job posting says the role will lead the government’s relationship with the European…