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Economy



The impact of Trump's tariffs on exports from Mexico and Canada

U.S. President Donald Trump has enforced a 25% tariff on imports from Mexico and Canada, his country’s largest trading partners. This move, effective from midnight Eastern Time, has caused global markets to drop. Alongside these tariffs, Trump has introduced an additional 10% levy on Chinese imports,......

Apple unveils $500 billion US investment plan, promises 20,000 new jobs

Apple has announced its largest-ever investment initiative, pledging to inject over $500 billion into the United States economy over the next four years. The tech giant also plans to create 20,000 new jobs as part of this ambitious strategy, which has drawn swift praise from U.S. President Donald Trump. In......

Aviation jobs at risk in the U.S. amid potential trade war with Canada

A potential trade conflict between the United States and Canada could threaten tens of thousands of jobs in the American aviation sector, warned Bombardier’s CEO, Éric Martel, on Thursday. Martel emphasized that half of Bombardier’s aircraft production is destined for the U.S. market,......

Trump aims to shift Asia’s energy landscape with U.S. LNG

During a recent meeting between President Donald Trump and Japanese Prime Minister Shigeru Ishiba, the two leaders discussed the potential of a decades-old proposal to transport natural gas from Alaska to U.S. allies in Asia. Trump, alongside energy advisor Doug Burgum, presented the idea as a solution......

New U.S. Tariffs Stir Uncertainty in the Global Automotive Industry

In early April, President Donald Trump announced a new 25% tariff on imports of cars, semiconductors, and pharmaceuticals. This addition follows previous tariffs on steel and aluminum that have already impacted Europe and Asia. Trump has indicated that these tariffs may increase further after one year. The......

India faces economic strain as Trump’s tariffs complicate recovery

As Indian Prime Minister Narendra Modi prepared for his visit to the White House, U.S. President Donald Trump announced new reciprocal tariffs on key trading partners, adding pressure to India’s already struggling economy. During a joint press conference, Trump revealed that India would purchase......

Morocco: A rising power in the automotive industry

Morocco is emerging as a key player in the automotive industry in Africa and the Mediterranean region, according to the Spanish daily Mundo Deportivo. The country has positioned itself as a major production and export hub, supplying vehicles to over 70 countries, including France, Spain, and Italy.......

U.S. tariffs impact Argentine steel industry: 1,000 jobs cut

The recent imposition of a 25% tariff on steel and aluminum imports by the United States is already affecting Argentina. On Wednesday, an Argentine steel company announced the dismissal of 1,000 workers in response to the new trade measures. Acindar, a subsidiary of the Indian group ArcelorMittal, reached......

Brazil rejects U.S. tariffs, stands firm against trade wars

In response to the imposition of 25% tariffs on steel and aluminum imports by U.S. President Donald Trump, the Brazilian government affirmed on Tuesday that Brazil would not engage in "any trade wars." The country expressed its commitment to upholding free trade and strengthening international......

The surge in gold prices amid Trump's tariff decisions

In recent weeks, the global economy has felt the ripple effects of U.S. President Donald Trump’s tariffs, some of which have been implemented, while others remain in the threat stage. These tariffs have caused instability in global markets and weakened various currencies, but one significant exception......

Jordan’s king Abdullah and Trump discuss Gaza amid controversy

Jordan’s King Abdullah II became the first Arab leader to meet with U.S. President Donald Trump at the White House since the start of Trump's second term on January 20. However, the meeting placed Abdullah in a challenging position, given the strong historical ties between Jordan and the U.S.......

Amazon faces market setback amid cloud growth concerns

Amazon's stock took a significant hit as concerns over its cloud computing division and a weaker-than-expected sales forecast led to a sharp decline in investor confidence. Following the release of its fourth-quarter earnings report, Amazon's shares dropped by up to 5% in after-hours trading,......

Shein set to lower valuation for London IPO amid regulatory challenges

Shein, the online fast-fashion retailer, is preparing to lower its valuation to around $50 billion for a potential London IPO, sources familiar with the matter have revealed. This marks a nearly 25% decrease from the company's 2023 fundraising value as it faces increasing challenges in the market. The......

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