Apple Could Face $900 Million Hit if Trump Moves Ahead with Tariff Plan Tim Cook is bracing for the worst as Trump’s tariffs could come back to bite Apple with a staggering $900 million blow. The tech giant, known for its innovative products and global presence, may find itself in hot water if the proposed […]
Jeff Bezos’s Amazon denies showing tariff prices after ‘hostile’ White House jab
Amazon Denies Displaying Tariff Prices Following White House Criticism White House officials held a press conference on Tuesday morning to address growing economic concerns, with a particular focus on Amazon’s alleged failure to display tariff prices. The online retail giant, led by CEO Jeff Bezos, has come under fire for its apparent lack of transparency […]
Primark Committed to US Expansion Despite Tariff Uncertainty, Says Boss
Primark’s Bold Move: 60 US Stores by 2026 Amid Tariff Uncertainty In the realm of fast-fashion retail, Primark has solidified its position as a key player, known for its trendy yet affordable clothing options. Despite the looming uncertainty of tariffs and trade tensions, George Weston, the chief executive of AB Foods – Primark’s parent company […]
WTO faces crucial test amid Trump’s tariff gambit
WTO Faces Crucial Test Amid Trump’s Tariff Gambit The World Trade Organization (WTO) stands at a crossroads as it navigates through turbulent times in global trade. With the recent escalation of trade tensions due to President Trump’s tariff policies, the organization faces a critical test of its relevance and effectiveness. The future of the WTO […]
Trump Tariffs Prompt Slump in Shipments to US Ports
Trump Tariffs Spark Sharp Decline in Shipments to US Ports The repercussions of Trump’s tariffs are becoming increasingly evident as the number of vessels set to dock at the Port of Los Angeles next week has plummeted by nearly a third compared to the previous year. This stark decline in maritime traffic underscores the far-reaching […]
AbbVie Lifts Profit Guidance, Cosmetic Treatments Revenue Lags
AbbVie Lifts Profit Guidance, Cosmetic Treatments Revenue Lags AbbVie, the renowned drug manufacturer, recently made headlines as it raised its profit guidance, indicating a promising trajectory for the company. However, amidst this positive news, a shadow looms over its cosmetic business segment. This sector, responsible for producing popular anti-wrinkle treatments such as Botox, fell short […]
Trump Sees Trade Deals Getting Done in Three to Four Weeks
Trump Sees Trade Deals Getting Done in Three to Four Weeks In a recent interview with Time magazine, the US President, Donald Trump, expressed his optimism about finalizing trade deals with various countries within the next three to four weeks. This announcement comes as a ray of hope amidst the uncertainties surrounding global trade relations, […]
China Says US Should Revoke Unilateral Tariffs, Denies Talks
China Urges US to Revoke Unilateral Tariffs Amid Denial of Talks In the ongoing trade war between the United States and China, tensions continue to rise as the Chinese Commerce Ministry spokesman He Yadong made a bold statement on Thursday. He stated, “Any reports on development in talks are groundless,” effectively denying any ongoing negotiations […]
Asos Confident on Growth Amid Tariff Uncertainty
Asos Confident on Growth Amid Tariff Uncertainty The British online fashion retailer, Asos, has recently made headlines with its first-half earnings surpassing expectations. This positive financial outcome comes as a result of the company’s long-term turnaround plan beginning to yield promising results. Despite the looming uncertainty surrounding tariffs and trade agreements, Asos remains confident in […]
Trump threatens new tariffs within weeks
Trump Threatens New Tariffs Within Weeks President Trump’s latest move in the ongoing trade war saga has sent shockwaves through the global market. The threat of new tariffs being imposed within weeks looms large, leaving many nations scrambling to secure trade deals to avoid a potential economic disaster. The current tariff relief, which has provided […]