Browsing: Business

Minimum wage hikes took effect today in Ontario, Manitoba, Saskatchewan, Nova Scotia and PEI, driven by cost-of-living adjustments.

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 trade measures will take effect on October 14, 2025, according to a statement released by the White House. The action is being implemented under Section 232 of the Trade Expansion Act of 1962, which allows the president to impose trade restrictions on imports deemed to threaten national security. The Trump administration has applied this authority to various sectors since his return to…

Starbucks confirms 900 corporate job cuts and multiple store closures across North America as part of a major operational restructuring plan.

The U.S. economy braces for disruption as a government shutdown looms, with economists warning of major impacts if the impasse continues beyond weeks.

US consumer confidence declined in September as Americans reported fewer job opportunities and persistent inflation concerns.

With $921B in interest paid by developing countries, UNCTAD calls for trade stability, lower debt costs, and digital inclusion at UNGA80.

Trump will impose a 100 percent tariff on imported branded drugs from October 1, sparking industry reaction and global concerns over consumer prices.

South Korea and the US are negotiating a $350B investment pact with a focus on foreign exchange safeguards and visa issues during President Lee’s UN visit.

US exempts European polished diamonds from 15% tariffs under new trade deal, reinforcing Antwerp’s role in the global diamond supply chain.

OpenAI Oracle and SoftBank announced five new US AI data centers under the Stargate plan expanding capacity to seven gigawatts.