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Canada plow-maker can't clear path through Trump tariffs
Canada plow-maker can't clear path through Trump tariffs
Business and Economy
by  AFP

For decades, Arctic Snowplows has sold its Canadian-made galvanized steel products to "anywhere there is snow" across the border in the United States, says company president Mike Schulz. But Canadian sales are only a "fraction" of what the company has historically made in the United States, he said.

Bank of Japan expected to hike rates to 30-year high
Bank of Japan expected to hike rates to 30-year high
Business and Economy
by  AFP

The Bank of Japan is expected to hike interest rates Friday for the first time since January, pushing them to their highest level in 30 years and potentially exacerbating turmoil in debt markets. Yields on 30-year bond yields reached a record high in early December, and 10-year yields last week hittheir highest level in 19 years.

EU set to scrap 2035 combustion-engine ban in car industry boost
EU set to scrap 2035 combustion-engine ban in car industry boost
Business and Economy
by  AFP

The EU looks set to scrap a landmark 2035 ban on new petrol and diesel cars on Tuesday, as part of a package of reforms aimed at supporting Europe's embattled auto industry. Set in 2023, the ban was a cornerstone of the EU's environmental Green Deal, which has come under increased pressure from businesses and right-wing politicians as the EU seeks to bolster its industry.