Economy

Trump attacks 'woke' Jaguar as firm names new boss

Trump denounces ‘woke’ Jaguar as new boss takes helm

Former President of the United States, Donald Trump, has once more expressed disapproval of what he refers to as "woke" actions by corporations, this time directing his remarks at Jaguar, the luxury car maker from Britain. These statements arise as the car company reveals a new leader and persists in its attempts to reshape its brand within a changing worldwide market.Trump, recognized for his candid opinions on corporate culture, criticized Jaguar for what he sees as a move towards progressive values in its marketing and branding approaches. Despite the company not offering a direct response to his comments, the incident…
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BP to review oil and gas projects to boost profits

BP to evaluate oil and gas projects to maximize profits

BP is conducting a strategic assessment of its oil and gas activities as part of a wider initiative to boost profitability and increase shareholder value. This step indicates a renewed emphasis on performance within the company's conventional energy sector as it faces the challenges of a changing global energy environment.The analysis arises as market fluctuations persist and investors continue to urge energy companies to find an equilibrium between short-term financial outcomes and long-term sustainability objectives. Although BP has gained attention recently for its renewable energy investments and low-carbon efforts, this new update highlights the ongoing significance of oil and gas…
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How South Korea's K-beauty industry is being hit by Trump tariffs

How South Korea’s K-beauty industry is being hit by Trump tariffs

South Korea’s globally renowned K-beauty industry is facing mounting pressure as a result of tariffs imposed under trade policies introduced during the administration of former U.S. President Donald Trump. Once celebrated for its rapid international growth and influence on global beauty trends, the sector is now grappling with increased costs, disrupted supply chains, and uncertainty about future market access—particularly in the United States, one of its key export destinations.The tariffs, initially introduced to combat what the Trump administration referred to as unfair trade practices by China and other nations, have had far-reaching effects, influencing industries and countries that were not…
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After a blown deadline, what next for US-Canada trade?

After a blown deadline, what next for US-Canada trade?

The recent failure to meet a key trade deadline between the United States and Canada has left both governments and industry stakeholders uncertain about the next phase in their economic relationship. With negotiations stalled and critical decisions postponed, attention has now turned to what this delay could mean for cross-border commerce, regulatory alignment, and long-term trade policy.The deadline, originally set as a milestone in broader efforts to modernize bilateral trade frameworks, passed without resolution due to unresolved disputes over key sectors, including agriculture, automotive manufacturing, and digital commerce. Despite multiple rounds of talks and public statements expressing mutual commitment to…
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Tesla awards boss Elon Musk bn in shares

Tesla CEO Elon Musk awarded $29bn in shares

Tesla CEO Elon Musk has received a significant stock award worth an estimated $29 billion, representing one of the largest executive compensation deals in corporate history. This award, linked to a long-term performance plan, highlights Musk's crucial role in the company's swift expansion and shows Tesla's trust in his leadership for the future.The compensation package, which was initially approved by Tesla shareholders and the board several years ago, links Musk’s potential earnings to a series of ambitious operational and market capitalization milestones. This latest tranche of shares was triggered after Tesla met specific benchmarks, including sustained revenue growth, profitability targets,…
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Confusion and anger in Switzerland - hit by highest tariffs in Europe

Confusion and anger in Switzerland – hit by highest tariffs in Europe

The announcement of new trade tariffs has sparked widespread confusion and growing frustration in Switzerland, which now faces some of the steepest import duties among European nations. Businesses, economists, and government officials are trying to understand why a country known for its neutrality and economic cooperation is being hit so hard.The tariffs, introduced as part of a broader trade policy shift, are already beginning to impact key sectors of the Swiss economy. For a nation that heavily relies on exports and maintains complex supply chains with neighboring countries, the sudden cost increase is more than an inconvenience—it threatens to affect…
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Shock and relief - businesses worldwide react to new Trump tariffs

Shock and relief – businesses worldwide react to new Trump tariffs

The recent announcement of new tariffs by Donald Trump has caused a ripple of reactions across global markets. Businesses from various sectors are now re-evaluating their strategies as they prepare for the impact of these trade changes. With new import taxes ranging from 10% to 41%, many companies find themselves in a state of uncertainty—unsure whether to brace for disruption, adapt quickly, or find alternative solutions.El numeral arancelario forma parte de una iniciativa más amplia por parte de Trump para reorganizar las relaciones comerciales globales. A pesar de que la intención podría ser proteger las industrias nacionales, la situación es…
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Trump hits Brazil with 50% tariffs and sanctions judge in Bolsonaro case

50% tariffs: Trump targets Brazil and sanctions Bolsonaro-linked judge

The United States, led by former President Donald Trump, imposed a 50% duty on certain imports from Brazil, while also enacting sanctions against a Brazilian judge associated with a prominent case related to former President Jair Bolsonaro. These actions, revealed amid rising tensions, indicated a significant change in diplomatic and economic ties between Washington and Brasília.The implementation of significant tariffs, impacting crucial Brazilian exports, represented one of the toughest trade measures against the South American country in recent times. Authorities in the U.S. expressed worries regarding Brazil's economic strategies, trade disparities, and political events as reasons for this action. Although…
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EU-US tariff deal not finished yet, say Europeans unhappy with Trump's terms

EU and US struggle to finalize tariff deal amid European concerns

Attempts to complete a commercial treaty between the European Union and the United States are ongoing, with European delegates expressing increasing dissatisfaction with the conditions suggested by the U.S., especially within the structure established during former President Donald Trump’s tenure. Although discussions between the two parties have persisted with careful optimism, the fundamental problems that have obstructed advancement are largely unsettled.The proposed deal was intended to ease trade tensions and eliminate specific tariffs that have affected transatlantic commerce in recent years. However, European negotiators argue that the deal, as it currently stands, disproportionately benefits the United States and fails to…
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Trump says 'good friend' India may face up to 25% tariffs

Trump announces potential 25% tariffs on ‘good friend’ India

Donald Trump has implied that India, a nation he has referred to as a “good friend” in the past, might face high tariffs—possibly up to 25%—if issues regarding trade imbalances remain unresolved. His statements underscore the ongoing emphasis on trade policy as a crucial element of his economic strategy, especially concerning nations with which the United States has intricate economic ties.Trump's remarks arise amidst continuous debates about the future of international commerce and the use of tariffs as a tool for securing improved conditions for U.S. companies. Despite the relatively robust diplomatic and strategic connections between India and the U.S.…
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