Browsing: Business

North American leaders will meet in Washington to discuss CUSMA, focusing on trade cooperation and the upcoming 2026 review process.

New York, December 3, 2025: Shares of American Eagle Outfitters surged on Wednesday after the U.S. apparel retailer raised its full-year forecast, citing stronger-than-expected holiday demand and the success of recent celebrity marketing campaigns. The company’s stock rose more than 12 percent in afternoon trading, reaching its highest level since 2022. American Eagle reported third-quarter revenue of approximately $1.4 billion, up 6 percent from a year earlier. Adjusted earnings per share were $0.53, exceeding analysts’ expectations of $0.43. Net income totaled $96 million, compared with $81 million in the same period last year. The company credited the improvement to solid sales across both…

UN faces $1.6B shortfall as unpaid dues rise, forcing budget cuts and major staff reductions across peacekeeping and development programs.

WASHINGTON, Nov. 30: Recent U.S. economic indicators show rising pressure in the labor market and easing consumer demand, underscoring a cooling trend across several major sectors while pockets of resilience remain. Analysts are paying close attention to the direction of hiring, household spending, and business activity as the year closes, with fresh data suggesting employers and consumers are becoming more cautious. The U.S. economy added 119,000 nonfarm payroll jobs in September, according to federal figures. Job gains were concentrated in health care, food services, and social assistance. Despite the increase, the unemployment rate rose to 4.4 percent, the highest since late 2021, reflecting…

Mark Carney says Canada’s US trade reliance, once a strength, has turned into a weakness as tariffs reshape export strategies and national policy.

MENLO PARK, California, November 28, 2025: Meta Platforms is in advanced discussions with Google to spend billions of dollars on the search giant’s custom artificial intelligence chips, according to The Information. The deal, if finalized, would mark one of the largest technology supply agreements in the AI hardware sector and could reshape relationships among the world’s top data center operators. The report said Meta is considering deploying Google’s tensor processing units, or TPUs, across its global data centers beginning in 2027. The companies are also discussing a short-term arrangement that would allow Meta to rent access to Google Cloud’s TPUs as early as next year. The proposed commitment underscores…

NEW YORK, November 28: Gold prices climbed on Friday, positioning the metal for a fourth consecutive monthly gain as investors adjusted to mounting expectations of a U.S. Federal Reserve interest rate cut in December. The steady rally underscores the metal’s renewed role as a preferred store of value amid a weaker dollar and softer Treasury yields. Spot gold rose 0.7 percent on the day to trade near $2,610 an ounce in late European hours. Prices have advanced about 4.6 percent in November, marking consistent monthly gains since August. U.S. gold futures also firmed, while trading activity normalized after brief technical disruptions earlier in the…

BRUSSELS, November 24, 2025: The European Union and the United States will resume trade negotiations in Brussels on Monday, aiming to resolve the remaining issues in their July trade agreement after a two-month suspension. The renewed dialogue will focus on tariff disputes, regulatory standards, and the finalization of technical provisions that continue to delay implementation. The high-level meetings will bring together US Secretary of Commerce Howard Lutnick and Trade Representative Jamieson Greer, alongside EU Trade Commissioner Maroš Šefčovič and trade ministers from all 27 EU member states. Both delegations are expected to review progress made since July and identify steps needed to complete the agreement’s…

WASHINGTON, Nov 21, 2025: U.S. President Donald Trump has signed an executive order lifting a 40 percent tariff on Brazilian beef, coffee, cocoa and certain fruit imports, a move aimed at easing pressure on food prices as consumer costs remain elevated. The measure takes effect immediately for goods entering U.S. markets from November 13, 2025, and includes provisions allowing importers to apply for retroactive refunds of tariffs paid since that date. The order reverses a tariff policy introduced earlier this year that had imposed a 40 percent surcharge on top of an existing 10 percent duty, resulting in combined rates of up to 50 percent on…

NEW YORK, November 21, 2025: One of Bitcoin’s earliest and wealthiest known investors has reportedly sold his entire cryptocurrency holdings valued at approximately $1.3 billion, marking the end of a 14-year association with the digital asset. According to blockchain analytics firm Arkham Intelligence, the massive liquidation was linked to wallets controlled by Owen Gunden, an early Bitcoin trader and one of the first individuals to capitalize on global arbitrage opportunities in the cryptocurrency market. Arkham’s data shows that Gunden’s wallets, dormant for years except for minor internal transfers, began moving substantial amounts of Bitcoin in recent weeks. The activity intensified through October and…