Latest Business News & Archive

Laos is set to graduate from 'Least Developed Country' status next year, meaning will lose duty-free access to the European Union, dealing another blow

Laos Braced For Blow Of Trump Tariff Threat

Hawking clothes outside the garment factory where her daughter toils inside, a Laos vendor weighs US President Donald Trump's threat of trade tariffs that may soon snarl both their livelihoods.

Most Markets Down As Fed Holds And Trump Announces Fresh Tariffs

Donald Trump announced a trade deal that will see 15 percent tariffs on South Korean goods into the United States

Asian markets mostly fell Thursday while the dollar held most of its gains as traders weighed a cautious Federal Reserve with strong tech earnings and Donald Trump's tariffs on key economies South Korea and India.

Trump Says US To Impose 15% Tariff On South Korean Goods

US President Donald Trump offered his congratulations to South Korean President Lee Jae Myung on his 'electoral success' in his announcement of South Korea's blanket 15 percent tariffs

President Donald Trump said Wednesday that the United States will impose a 15 percent tariff on imports from South Korea, as he touted a "full and complete trade deal" between both countries.

BIWC Group: Unveiling the Shadows of corporate deception

In the cutthroat world of business, trust can often be elusive, and it can take a team of skilled professionals to expose deception and protect the innocent. This is where BIWC Group enters the stage; a business intelligence agency led by ex-Israeli special forces with a global network of contacts and an almost endless outreach.

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Brazilian Supreme Court Justice Alexandre de Moreas, seen here at the trial of the country's former president Jair Bolsonaro, has been slapped with sanctions by the United States

Trump Punishes Brazil With Tariffs, Sanctions Over Trial Of Ally Bolsonaro

President Donald Trump ordered massive tariffs on Brazil Wednesday and sanctions against the judge overseeing a trial of his far-right ally Jair Bolsonaro, who is accused of attempting a coup in Latin America's biggest economy.

Ukraine's Foreign minister Andriy Sybiga tells AFP that an anti-graft law that set off angry protests is being 'fixed' before a vote Thursday

Ukraine Will Fix Anti-graft Law, Minister Tells AFP Ahead Of Crucial Vote

Ukraine will fix a controversial anti-graft law that sparked protests last week, its foreign minister told AFP ahead of a crucial parliamentary vote Thusday, but critics said some MPs might be reluctant to back the changes.

Truck and car maker Tata Motors will buy Iveco of Italy

Tata Motors To Buy Italy's Iveco For $4.4 Bn

Tata Motors of India will buy Italy's Iveco Group for 3.8 billion euros ($4.4 billion) in a bid to create a "global champion" in the commercial vehicles sector, the two companies said Wednesday.

Canadian Prime Minister Mark Carney and US President Donald Trump at a G7 meeting in June

Canada Central Bank Holds Rate Steady Citing US Tariff 'Threats'

Canada's central bank held its key lending rate at 2.75 percent on Wednesday, as the major US trading partner confronts economic uncertainty two days before President Donald Trump's latest tariff deadline.

The group sold more than 75 million albums and were inducted into the Rock & Roll Hall of Fame in 2006

Thousands Honour Ozzy Osbourne At UK Hometown Funeral Procession

Thousands lined the streets of UK city Birmingham on Wednesday to pay an emotional farewell to hometown hero Ozzy Osbourne as the heavy metal hellraiser was laid to rest.

Authorities said residents in the northern Kuril islands were evacuated to safety

Russia Relieved As Tsunami Spares Far East From Major Damage

Russia lifted a tsunami alert on Wednesday after a massive quake and tsunami largely spared the country's sparsely populated far east from casualties and major damage.

Igor Kolomoisky is one of Ukraine's richest people and a former supporter of President Volodymyr Zelensky

London Court Rules Oligarch Liable Over $1.9 Bn Ukraine Loan Scheme

The Ukrainian oligarch Igor Kolomoisky and his former business partner are likely to be forced to repay $1.9 billion that they "unlawfully" appropriated from a Ukrainian bank they owned, London's High Court ruled Wednesday.

The bank recorded a $2.1 billion impairment linked to its stake in China's Bank of Communications

HSBC Banks Lower Profits On Higher Costs

Bank giant HSBC said Wednesday that group profits fell in the first half on higher costs but noted that it was "well positioned" to deal with the effects of US tariffs.

The EU struck a tariff deal with the United States, which experts say will affect the eurozone's GDP figures

Eurozone Economy Expands But Tariff Impact Looms

The eurozone economy unexpectedly expanded in the second quarter of 2025, official data showed Wednesday, despite international trade tensions clouding the global outlook.

US tariffs had an impact of hundreds of millions of euros on Mercedes-Benz

Mercedes-Benz Welcomes EU-US Deal After Profits Plunge On Tariff Woes

A new trade deal struck between the United States and European Union is good news despite fears it is unbalanced, Mercedes-Benz said Wednesday after the German carmaker reported a tariff hit of hundreds of millions of euros in the second quarter.

Chile's National Copper Corporation (CODELCO) is the world's biggest producer of the red metal

Could Copper Tariff Hurt US More Than Chile?

Chile, the world's biggest copper producer, is hoping for a last-minute deal to stop the United States from imposing a 50-percent import tariff on the red metal.

The comparative low cost of Chinese technology -- software but also hardware, for example through firms like Huawei -- will be a big factor

'Marathon At F1 Speed': China Bids To Lap US In AI Leadership

Beyond dancing robots and eager-to-help digital avatars, Shanghai's World AI Conference saw China stake its claim to global artificial intelligence leadership and frame itself as a clear alternative to the United States.

Stablecoins Inspire Hope, And Hype, In Hong Kong

Stablecoin excitement has gripped Hong Kong as the city prepares to launch a licensing system for the less volatile type of cryptocurrency, but authorities warn against overplaying its future role in financial systems.

Investors are awaiting the release of key tech earnings and a Federal Reserve policy decision

Markets Mixed As China-US Talks End, Eyes On Tech Earnings

Asian markets were mixed Wednesday as investors kept tabs on China-US developments after they agreed to further talks to extend their trade truce, while eyes were also on tech earnings and a key Federal Reserve meeting.

The Federal Reserve is expected to hold interest rates steady for a fifth straight meeting despite President Donald Trump's pressure to cut levels

US Fed Set To Hold Firm Against Trump Pressure

The US central bank is expected to defy political pressure and keep interest rates unchanged Wednesday at the end of a two-day policy meeting, as the effects of President Donald Trump's tariffs emerge.

A stevedore in Guayaquil, Ecuador loads a sack of cocoa into a container for export

Five Products To Be Hit By Trump's Incoming Tariffs

The United States is set to raise tariffs on dozens of trading partners Friday if they fail to reach accords with President Donald Trump to avert the higher rates, and this risks raising prices for consumers.

This NASA image obtained on July 29, 2025 shows part of the NASA-ISRO Synthetic Aperture Radar (NISAR) satellite, which was designed to track subtle changes in Earth's land and ice surfaces

US, India To Launch Powerful Earth-monitoring Satellite

A formidable new radar satellite jointly developed by the United States and India is set to launch Wednesday, designed to track subtle changes in Earth's land and ice surfaces and help predict both natural and human-caused hazards.

Analysts expect US second quarter GDP growth to be distorted by a pullback in imports after businesses earlier rushed to stockpile and avoid President Donald Trump's tariffs

US Second Quarter GDP Growth To Reflect Tariff Turbulence

US economic growth is expected to rebound in the second quarter, analysts said, in a momentary comeback reflecting trade shifts as companies tried to avoid the harshest of President Donald Trump's wide-ranging tariffs.