Latest

US Fed Chair warns tariffs will likely raise inflation, cool growth
US Fed Chair warns tariffs will likely raise inflation, cool growth
Business and Economy
by  AFP

US President Donald Trump's tariffs risk higher unemployment and will likely cause inflation to rise and growth to slow, Federal Reserve Chair Jerome Powell said Friday. Ahead of Powell's speech on Friday, Donald Trump took to his Truth Social account to insist that his tariff policy would not change despite the market reaction, and called on Powell to act.

How can the EU respond to Trump tariffs?
How can the EU respond to Trump tariffs?
Business and Economy
by  AFP

The EU has said "everything is on the table" as it readies its response -- including possibly targeting US Big Tech and taxing more American goods -- to President Donald Trump's sweeping new tariffs should talks with Washington fail.

Canada loses jobs for first time in 3 years as US tariffs bite
Canada loses jobs for first time in 3 years as US tariffs bite
Business and Economy
by  AFP

Employment in Canada fell for the first time in three years in March, the national statistical agency said Friday, as uncertainty over US tariffs led businesses to cut staff and stall hiring. The March jobs decline was driven by losses among full-time workers, who had seen a "strong upward trend in the second half of 2024," Statistics Canada said in a statement.

Nations divided ahead of decisive week for shipping emissions
Nations divided ahead of decisive week for shipping emissions
Business and Economy
by  AFP

Members of the International Maritime Organization (IMO) are divided over whether to approve a carbon tax on international shipping, ahead of a meeting starting on Monday to finalise emissions-reduction measures. The carbon tax, the most ambitious measure on the table, would make it more expensive for shipping companies to emit greenhouse gases, encouraging them to curtail emissions.