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Anand Mahindra reflected on his past interaction with Mark Carney, Canada’s Prime Minister-designate, recalling a meeting at the Mahindra headquarters in Mumbai in 2017. At the time, Carney was serving as the Governor of the Bank of England and was part of a delegation led by the then Chancellor of the Exchequer. Mahindra described Carney as an intellectual with a sharp wit, someone who balances intelligence with a straightforward and pragmatic approach. As Carney prepares to take on the leadership of Canada, Mahindra acknowledged the immense challenges ahead, particularly in today’s complex global landscape. However, he expressed confidence in Carney’s ability to navigate the responsibilities of the role effectively.

Donald Trump has done more than any of his modern predecessors to hollow out the foundations of an international system that the United States painstakingly erected in the 80 years since it emerged victorious from World War II. Without formally declaring a reversal of course or offering a strategic rationale, he has pushed the United States to switch sides in the Ukraine war, abandoning for a time all talk about helping a nascent, flawed democracy defend its borders against a larger invader. He did not hesitate when he ordered the United States to vote with Russia and North Korea — and against virtually all of America's traditional allies — to defeat a U.N.

The CPI inflation report overshadowed the latest 'tit for tat' twist in the global trade war — U.S. President Donald Trump said he would slap further tariffs on European Union goods after the EU and other U.S. trading partners said they would retaliate for trade barriers already erected by the U.S. president.

Gold prices edged higher on Thursday as uncertainty over tariffs persisted, driving safe-haven demand, while a cooler-than-expected U.S. inflation print also supported bullion by strengthening expectations of rate cuts.

global trade war with further tariffs on European Union goods, as major U.S. trading partners said they would retaliate for trade barriers already erected by the U.S. president. Just hours after Trump's 25% duties on all U.S. steel and aluminum imports took effect, Trump said he would impose additional penalties if the EU follows through with its plan to enact counter tariffs on some U.S. goods next month. «Whatever they charge us, we're charging them,» Trump told reporters at the White House. Trump's hyper-focus on tariffs has rattled investor, consumer and business confidence and raised recession fears. He also has frayed relations with Canada, a close ally and major trading partner, by repeatedly threatening to annex the neighboring country. Canada, the biggest foreign supplier of steel and aluminum to the United States, announced 25% retaliatory tariffs on those metals along with computers, sports equipment and other products worth $20 billion in total. Canada has already imposed tariffs worth a similar amount on U.S. goods in response to broader tariffs by Trump. «We will not stand idly by while our iconic steel and aluminum industries are being unfairly targeted,» Canada's Finance Minister Dominic LeBlanc said.

tariffs on imports like cocoa and fruit, according to a letter seen by Reuters. PepsiCo, Conagra and J M Smucker, are requesting that Trump exempt ingredients not available from U.S. sources to protect manufacturers who otherwise buy from domestic farmers and suppliers, according to the letter, sent on Monday by a consumer products trade group representing the companies, the Consumer Brands Association. Coffee, oats, cocoa, spices, tropical fruit and tin mill steel, used for specialty food and household goods, are among the imports listed as unavailable domestically in the letter. «We believe targeted and carefully calibrated removal of these ingredients and inputs from tariffs is appropriate to best protect U.S. manufacturers and support (Trump's) efforts to lower consumer inflation,» the letter said. PepsiCo and Smucker, which have executives sitting on the executive committee of the Consumer Brands Association, did not immediately respond to requests for comment.

MONTREAL — A representative of Canada’s aluminum industry says the Trump administration’s 25 per cent tariffs could destroy demand for the metal in the American market.

The decision followed a warning by Trump that Canada would pay a «historic financial price» for its move, Daily Mail reported. The controversy started at the beginning of the week when Ontario premier Doug Ford introduced the electricity tariff as a response to US tariffs, according to the report. Ford had imposed a 25% tariff on Canadian electricity to Michigan, New York and Minnesota, as per Daily Mail. After Ford suspended the tariffs on the US, Trump agreed not to double tariffs on Canadian steel and aluminium to 50% and claimed it would remain at 25%, according to the report.

retaliatory tariffs because President Donald Trump had implemented steel and aluminum import restrictions. The ongoing trade war has made economists predict economic slowdown and heightened consumer prices due to recently available inflation data, which shows a mild February increase.

Atlanta Falcons are bringing back cornerback and special teams ace Mike Ford, who spent the past two seasons with the Cleveland Browns. The Falcons have agreed to a deal with Ford, offering him a two-year contract worth $4 million, according to ESPN’s Adam Schefter.

With Mexico and Canada as two of America's biggest suppliers of food items and beverages, the tariffs will soon drive prices up and may cause supply chain disruptions while demand stays high, New York Post reported.

Inflation receded in February on the back of easing price pressures for consumer staples like gasoline, groceries and housing, amid worries that President Donald Trump's tariff policies could stall progress.

US arms deliveries to Ukraine resumed Wednesday, officials said, a day after the Trump administration lifted its suspension of military aid for Kyiv in its fight against Russia's invasion, and Ukrainian officials signalled that they were open to a 30-day ceasefire backed by Washington. Kremlin spokesperson Dmitry Peskov said Wednesday that it's important not to «get ahead» of the question of responding to the ceasefire proposal. He told reporters that Moscow is awaiting «detailed information» about it from the US and suggested that Russia must get that first before it can take a position. Arms deliveries to Ukraine have already resumed through a Polish logistics centre, the foreign ministers of Ukraine and Poland announced Wednesday. The deliveries go through a NATO and US hub in the eastern Polish city of Rzeszow that's has been used to ferry Western weapons into neighboring Ukraine about 70 km away. The American military help is vital for Ukraine's shorthanded and weary army, which is having a tough time keeping Russia's bigger military force at bay. But for Moscow, more American aid spells potentially more difficulty in achieving its war aims and likely will be a tough sell in Moscow for Washington's peace efforts. US Secretary of State Marco Rubio said Wednesday that Washington will pursue «multiple points of contacts» with Russia to see if President Vladimir Putin is ready to negotiate an end to the war. He declined to give details. «The ball is truly in their court,» Rubio said at a refueling stopover in Shannon, Ireland on his way to talks in Canada with other Group of Seven leading industrialised nations.

Donald Trump’s administration are watching Canada to get a preview of what happens when you hit back. Canadian officials have gone hostile in their responses to Trump’s trade war. Ontario Premier Doug Ford slapped a 25% charge on electricity exports to make power more expensive for people in New York and two other states — earning the president’s ire. Mark Carney, the incoming prime minister, called the US “a country we can no longer trust,” and said his new government will keep its retaliatory tariffs in place “until the Americans show us respect.” On Tuesday, the brinkmanship seemed to pay off: Trump started the day threatening to double tariffs on Canadian steel and aluminum to 50%, but by day’s end both sides had pulled back. Ford suspended the electricity tax, prompting Trump to say “I respect that” and drop the metals levy back to 25%. Trump’s tariffs on steel and aluminum — which came into force on US imports on Wednesday — drew a swift response from Canada and the European Union. The government in Ottawa announced new 25% counter-tariffs on about C$30 billion ($20.8 billion) of US-made items, while Brussels laid out countermeasures against US goods worth as much as €26 billion ($28.3 billion). But other metals-exporting countries including Japan and South Korea held off on any immediate retaliation. Even before that widening of the trade war, Mélanie Joly, Canada’s foreign minister, had issued a warning to other nations. Watch what Trump is doing to Canada, she said. “You’re next.”

Inditex Chief Executive Officer Oscar Garcia Maceiras said constantly changing news on tariffs and geopolitics was making it difficult to make long-term predictions, the latest business leader to highlight the impact of uncertainty as U.S. President Donald Trump overhauls trade and foreign policy.

U.S.-Canada tariff war has taken a deliciously petty turn, and this time, the battlefield is not the political stage but the sandwich board of a Canadian café. In response to President Donald Trump’s latest round of economic threats—and his bizarre proposal to make Canada the 51st U.S. state—a local eatery has introduced a culinary masterpiece that has the internet howling: The Trump Sandwich. So, what’s inside this politically seasoned delicacy? According to the café’s chalkboard menu, it’s served on “White Bread, Full of Baloney, with Russian Dressing and a Small Pickle.” The not-so-subtle jab at Trump’s policies, persona, and alleged Russian ties has turned the sandwich into an instant internet sensation.

Thomas Kierans was stopped by a reporter in St. John’s, Nfld., on the occasion of his 100th birthday. Regarded around town as somewhat of a local treasure, he was dressed in a tan winter coat, a colourful knit scarf and a newsboy-style cap, and he was asked about some of his equally colourful and yet never realized ideas for mega-scale infrastructure projects.

Pension funds that were buoyed by soaring stock markets and growing economies that helped produce double-digit returns last year are now being challenged by the escalating trade war between the United States and Canada that is spilling out globally.

United States President Donald Trump’s back-and-forth tariff threats are galvanizing an “invest in Canada” movement that’s prodding pensions to keep more of their cash at home.

recession this year and a risk of lasting damage to the country's standing as an investment destination if the administration undermines trust in U.S. governance, according to J.P. Morgan's chief economist. «Where we stand now is with a heightened concern about the U.S. economy,» Bruce Kasman, the U.S. investment bank's chief global economist, told reporters in Singapore on Wednesday. He said he has not yet revised any forecasts, but put a roughly 40% recession risk into the outlook — up from about a 30% chance he had reckoned on at the start of the year. J.P. Morgan's current forecast is for 2% U.S. GDP growth this year. U.S. stocks have suffered their sharpest selloff in months over recent days as investors have grown nervous that President Donald Trump will slow the economy with import duties. Ninety-five percent of economists polled by Reuters last week across Canada, Mexico and the U.S. said recession risks in their economies had increased as a result of Trump's tariffs.

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