Browsing: Business

WASHINGTON, October 25, 2025: U.S. President Donald Trump announced Friday that all trade negotiations with Canada  have been terminated following the release of a controversial advertisement by the Government of Ontario that featured former President Ronald Reagan criticizing tariffs. The advertisement, part of a $54 million campaign funded by the Ontario government, included edited footage from a 1987 Reagan speech in which he described tariffs as harmful to American workers and consumers. Trump denounced the ad as “fake” and “egregious,” alleging that it misrepresented Reagan’s words and misused his image without authorization. In a statement posted on his Truth Social platform, Trump said the ad interfered with…

LOS ANGELES, Oct. 23: Shares of Beyond Meat Inc. surged more than 1,000 percent over four trading days this week, marking one of the most dramatic price movements in the U.S. equity market this year. The Nasdaq-listed stock, trading under the ticker BYND, rose from about 50 cents on October 16 to an intraday high of nearly 7.70 dollars before paring gains later in the session. The surge coincided with a series of recent corporate updates and a spike in retail investor participation. Earlier in the week, Beyond Meat announced the expansion of its retail distribution partnership with Walmart Inc., adding more than 2,000…

TOKYO, October 23, 2025: Japan’s largest power generation company, JERA Co., Inc., announced on Thursday that it will acquire full ownership of shale gas assets in Louisiana for approximately 1.5 billion dollars. The acquisition marks a significant expansion of JERA’s operations in the United States as Japan strengthens its liquefied natural gas (LNG) supply chain with American producers following recent bilateral trade discussions. The deal, executed through JERA’s wholly owned subsidiary, JERA Americas Inc., involves the purchase of all interests and business assets held by Williams Upstream Holdings, LLC, and GEP Haynesville II, LLC. The assets are located in the Haynesville Shale basin in…

SEATTLE, October 22, 2025: Amazon is preparing to expand the use of robotics and automation across its U.S. operations in a move that could significantly reduce its reliance on human labor over the next decade. According to internal planning documents reviewed by multiple media outlets, the company is exploring automation systems that would enable it to avoid hiring more than 600,000 workers by 2033. The documents detail a projected reduction of approximately 160,000 jobs by 2027, mainly in Amazon’s fulfillment centers and logistics operations. The strategy aims to automate up to 75 percent of Amazon’s warehousing processes through advanced robotics, including…

October 22, 2025, New York: Gold and silver prices plunged sharply on Tuesday, posting their largest single-day percentage declines in years and striking the precious-metals market with a broad correction. Spot gold dropped as much as 6.3 percent to about US $4,115.26 per ounce, following a record high of approximately US $4,381.21 reached the previous day. U.S. gold futures for December delivery settled down 5.7 percent at US $4,109.10. Silver also posted a significant decline, falling as much as 8.7 percent and trading near US $48.49 per ounce. Platinum and palladium recorded losses in the 5-6 percent range. The retreat follows an extended…

WASHINGTON, 21 October 2025: The United States and Australia signed an $8.5 billion agreement on Monday to jointly develop and expand critical mineral and rare earth supply chains, in a move designed to accelerate mining and processing capabilities across both nations. The agreement was formalized during Australian Prime Minister Anthony Albanese’s official visit to the White House, marking a significant expansion in the economic partnership between the two allies. U.S. President Donald Trump and Prime Minister Albanese held a bilateral meeting ahead of the signing ceremony, during which both leaders emphasized the importance of securing long-term access to materials essential to defense, clean energy, and advanced manufacturing…

CUPERTINO, California, October 21, 2025: Apple Inc. moved closer to a $4 trillion market valuation this week, reaching new record highs after the launch of its iPhone 17 series fueled investor confidence and lifted its stock price. Shares of the Cupertino-based technology giant rose 4.2 percent on Friday to close at $262.90, pushing the company’s market capitalization to approximately $3.9 trillion. The surge followed stronger-than-expected early sales figures for the iPhone 17, particularly in the United States and China, Apple’s two largest markets. According to data compiled in the first 10 days after launch, iPhone 17 sales rose by 14 percent compared to the…

Washington, October 18, 2025: United Parcel Service (UPS) is facing mounting criticism after a surge in reports that international packages are being destroyed or returned following customs clearance failures in the United States. The developments follow the end of the $800 “de minimis” exemption, exposing even low-value imports to full customs scrutiny, tariffs, and documentation requirements. The change took effect on August 29, 2025, under revised federal import regulations that eliminate duty-free entry for shipments previously classified under the exemption. The result has been a sharp increase in clearance issues at major  UPS  hubs, including Louisville, Kentucky, where customers report that parcels…

BRUSSELS, October 11, 2025: The European Commission announced on Friday the addition of six new AI Factories to its growing network, marking a significant step in its efforts to position the European Union as a global hub for artificial intelligence. The expansion brings the total number of AI Factories to 19, operating across 16 member states. The newly selected facilities will be located in the Czech Republic, Lithuania, the Netherlands, Poland, Romania, and Spain. These AI Factories will provide start-ups, small and medium-sized enterprises, research institutions, and public sector organizations with access to high-performance computing infrastructure optimized for artificial intelligence applications. The facilities are designed to support the development, testing, and…

MARSHALL, Texas, October 11, 2025: A federal jury in Marshall, Texas, has ordered Samsung Electronics to pay $445.5 million in damages to Collision Communications, finding that the South Korean technology company willfully infringed four patents tied to wireless communication standards used in 4G, 5G and Wi-Fi technologies. The verdict, delivered on Friday, October 10, follows a four-day trial in the U.S. District Court for the Eastern District of Texas. Jurors concluded that Samsung’s smartphones, laptops and other wireless-enabled devices infringed intellectual property held by Massachusetts-based Collision Communications, a company that specializes in advanced telecommunications solutions. The eight-member jury reached its unanimous decision after approximately two…