Europe’s top court backs crackdown on Apple and Google | Tax News
European Commission directed Apple to pay billions in back taxes, an order upheld by the EU’s top court.European Union antitrust chief Margrethe Vestager has scored…
Apple launches AI iPhone as Huawei casts shadow with tri-fold phone | Technology News
Apple has unveiled its artificial intelligence-boosted iPhone 16, showing off the long-awaited phone hours after Chinese rival Huawei’s tri-fold phone began racking up orders. “The…
Kamala Harris departs from Biden capital gains tax plan to widen her reach | Business and Economy News
Harris’s proposal for a lower tax rate than the one laid out by Biden suggests she wants to appeal to a broader base of voters.Democratic…
Bank of Canada cuts rates, indicates bigger cut possible | Inflation News
Wednesday marked the third consecutive cut, with the central bank citing continued easing in broad inflationary pressures.The Bank of Canada (BoC) has trimmed its key…
Canada follows US, imposes 100% tariff on EVs imported from China | Trade War News
Ottawa to work with allies to ensure customers around the world are not unfairly penalised by nonmarket practices of countries such as China, PM Trudeau…
CN workers to strike Monday, vow to fight Canada move to end rail shutdown | Labour Rights News
The union representing workers at the Canadian National Railway (CN) says they will strike next week, in a new threat to the economy after promising…
US Fed’s Powell says ‘time has come’ to lower interest rates | Inflation News
Fast rise in prices led the Fed to increase its benchmark policy rate from near zero to the highest range in a quarter of a century.United…
US sharply lowers number of jobs added in year ending in March | Unemployment News
Economists are divided on the extent of the rate cuts that the US Federal Reserve should undertake this year in light of the latest employment…
Trump Media shares hit record low as race tightens for former US president | Donald Trump News
The stock is seen by some retail traders as a bet on whether Trump would win a second term as US president.Shares of Trump Media…
EU lists lower tariff on China-made Teslas as it revises duties | Trade War News
EU changes its punitive duties on imports of Chinese-made EVs, including those made in joint ventures with EU firms.The European Union has slashed its planned…
What economic challenges await Kamala Harris as US president hopeful? | US Election 2024 News
As Democratic presidential nominee Kamala Harris overtakes her Republican opponent Donald Trump in opinion polls – she is now leading in five crucial swing states –…
M&M maker Mars to buy Cheez-It maker Kellanova in sector’s biggest deal | Business and Economy News
M&M’s maker Mars is buying Kellanova, the maker of Cheez-It and Pop-Tarts, in an effort to broaden its snacking portfolio and expand globally in what…
US inflation slows in July, clearing way for a cut in interest rates | Inflation News
Year-over-year inflation has reached its lowest level in more than three years in July, the latest sign that the worst price spike in four decades…
Adani Group rocked by Hindenburg allegations against SEBI | Financial Markets News
Adani Group’s stock value plunged by nearly $150bn after Hindenburg Research’s first report in January 2023.Adani Group, the Indian conglomerate rocked by a Hindenburg Research…
US court orders FTX to pay $12.7bn to customers | Crypto News
FTX has committed to a bankruptcy liquidation that will repay customers whose deposits were locked during its late 2022 collapse.A United States court has ordered…
Bangladesh economy under pressure amid ‘uncharted’ political turmoil | Sheikh Hasina News
Hopes that interim government under Muhammad Yunus can restore stability and address country’s inequalities.The student protests that have rocked Bangladesh since July 1 and led…
Boeing to change design to prevent future 737 MAX 9 door panel blowouts | Aviation News
Boeing has said it plans to make design changes to prevent a future midair cabin panel blowout like the one in an Alaska Airlines 737…
Is the US headed for a recession? | Business and Economy News
The unexpected rise in the unemployment rate in the United States has left economists divided: Is the US on the brink of a recession or…
Japan’s stock market plunges over US economy fears | Financial Markets
Benchmark Nikkei 225 index closes 5.81 percent lower after tumble in Wall Street shares.Japanese stocks have taken a dramatic plunge after Wall Street shares tumbled…
Intel to slash 15,000 jobs amid struggles to keep up with Nvidia and AMD | Technology
US chip maker to cut 15 percent of workforce as part of efforts to cut costs by $10bn in 2025.Chipmaker Intel has announced plans to…