Browsing: Business

TORONTO, October 1, 2025: Minimum wage increases have come into effect across five Canadian provinces today, positioning Alberta as the only province with a wage floor below $16 per hour, as provinces adjust to inflation and cost-of-living pressures. Ontario, Manitoba,

Washington, October 1, 2025: U.S. President Donald Trump has signed a proclamation imposing new tariffs on imported wood products, including a 10 percent duty on softwood lumber and a 25 percent duty on kitchen cabinets, bathroom vanities and certain types of wooden furniture. The new

SEATTLE, October 1, 2025: Starbucks Corporation has announced the elimination of approximately 900 corporate roles and the closure of an undisclosed number of underperforming stores across North America, part of a sweeping operational restructuring aimed at streamlining its U.S. business.

With hours remaining before a possible U.S. government shutdown, economists and policy analysts are closely evaluating the likely effects on the economy. While the full scope of the impact depends largely on the duration of the shutdown, early indicators suggest

U.S. consumer confidence declined for a second consecutive month in September as inflationary concerns and a weakening labor market continued to weigh on household sentiment, according to new data released Tuesday by the Conference Board. The Conference Board’s Consumer Confidence

NEW YORK, September 27, 2025: The Secretary-General of the United Nations Conference on Trade and Development (UNCTAD), Rebeca Grynspan, has urged global leaders attending the 80th session of the United Nations General Assembly (UNGA80) to take immediate action to reduce

U.S. President Donald Trump announced a 100 percent tariff on imports of branded or patented pharmaceutical drugs, set to take effect on October 1. The measure, confirmed in a post on Trump’s Truth Social account, will apply to drugs manufactured

South Korea and the United States are advancing negotiations on a $350 billion investment package as senior economic officials from both countries meet in New York to finalize the terms of a framework trade agreement reached in July. Korean Finance

European polished diamonds, primarily processed in Antwerp, have been granted an exemption from the 15 percent import tariffs recently introduced by the United States on a range of industrial goods. The Antwerp World Diamond Centre (AWDC) confirmed the decision in

OpenAI, Oracle and SoftBank announced plans to build five new artificial intelligence data centers across the United States, expanding their Stargate infrastructure initiative to meet rising demand for large-scale compute capacity. The companies said the new sites will be located