Economy
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Amazon layoffs 14,000 managerial jobs in major cost-saving restructuring
Amazon is set to eliminate 14,000 managerial positions by early 2025 as part of a major cost-cutting initiative, reducing its…
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Canada, EU announce retaliatory tariffs on US goods worth billions
President Donald Trump’s increased tariffs on all US steel and aluminum imports took effect on Wednesday, ratcheting up a global…
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Trump doubles tariffs on Canadian steel and aluminum to 50%
US President Donald Trump on Tuesday ramped up a burgeoning trade war with Canada, saying he will double tariffs set…
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Canada Ontario to slap 25% tariff on electricity exports to US
Canada’s most populous province Ontario is slapping a retaliatory 25% surcharge on electricity it sends to US states in response…
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Trump declines to rule out 2025 US recession
President Donald Trump declined Sunday to rule out the possibility that the United States might enter a recession this year.…
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US stock futures fall as inflation data, Trump trade policies rattle markets
US stock futures declined as investors digested the latest February jobs report and braced for a packed week of economic…
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Trump plans Saudi Arabia visit for $1 trillion deal
US President Donald Trump confirmed on Thursday that he plans to visit Saudi Arabia in the next month and a…
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Musk agrees to discuss tax refund checks from DOGE dividend with Trump
Elon Musk, the head of the Department of Government Efficiency (DOGE), agreed to discuss the idea of sending Americans tax…
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OpenAI rejects Musk’s $97.4b offer
OpenAI on Friday rejected a $97.4 billion bid from a consortium led by billionaire Elon Musk for the ChatGPT maker,…
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‘No need for monopoly in chip industry’
There is no need for one country to control the semiconductor industry, which is complex and needs a division of…
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