Economy Financial News

05.02 / 05:55

UPS Google economy beautiful reports Investigations Estee Lauder to cut up to 7,000 jobs as sales slide

Estee Lauder said it’s expanding its restructuring plan to include job cuts anywhere from 5,800 to 7,000 by fiscal 2026 as the global beauty company tries to boost sales and profits

05.02 / 05:55

markets security economy show reports Department US job openings fall to 7.6 million in December, suggesting the job market is slowing but healthy

U.S. job openings fell in December, a sign that the labor market is cooling but remains healthy

05.02 / 03:27

markets Progressive Action Strategy economy Trade President What do Trump’s first weeks tell us about his China strategy?

Subscribe to enjoy similar stories. President Trump’s recent actions illustrate how intertwined China’s economy is with U.S. interests.

05.02 / 01:31

markets Google economy Trade War country Investigations China counters with tariffs on US products. It will also investigate Google

China announced retaliatory tariffs on select American imports and an antitrust investigation into Google on Tuesday, just minutes after a sweeping levy on Chinese products imposed by U.S. President Donald Trump took effect.

05.02 / 00:59

COST Target Mobile economy Fitch country Mint Primer | Sovereign rating: How India can go from B to A

Subscribe to enjoy similar stories. Fitch Ratings has rated India as “BBB-" with a stable outlook. This means India’s credit quality is good and the chances of a default are low; however, adverse business or economic condition can impair this quality.

05.02 / 00:59

markets UPS CEO Platform economy Food Laundry, babysitting or kitchen chores? There's an app for that

Subscribe to enjoy similar stories. Consumer tech companies are venturing into on-demand home services including kitchen chores, babysitting and even laundry, eyeing a share of the growing urban market for these services. Earlier this month, a new venture by former Zepto executive Snabbit raised $5.5 million from Elevation Capital, Nexus Venture Partners and other investors.

04.02 / 18:23

markets CEO Merck economy Trade International Vaccines Merck 2025 sales forecast underwhelms as it pauses Gardasil sales in China

Shares of Merck are sliding in early trading after the drugmaker surprised Wall Street with a lower-than-expected 2025 sales forecast due partly to a pause in shipments of one of its top-selling products to China

04.02 / 10:27

markets COST Analysis economy Sustainability trends Profiles MPC review: Rate cut not ideal yet. Rely on surplus liquidity and operation twist instead

Subscribe to enjoy similar stories. The upcoming monetary policy is crucial for several reasons, given the environment and uncertain outlook making the selection of policy tools critical. A repo rate cut, if it were to happen, will need to take cognisance of the impact on the rupee, given the narrowing rate differential between the US and India.

04.02 / 08:33

markets COST Action economy Trade President country Trump is leveraging tariffs. Is he ready for potential fallout? Are consumers? Here's what to know

President Donald Trump has taken executive action to impose or threaten new tariffs on imports from Canada, Mexico and China

04.02 / 07:35

UPS BLOCK Citizens economy Bill prevention All income groups got a little something from the Budget

Subscribe to enjoy similar stories. The Union Budget 2025 aimed to put more money in the hands of every income group—whether salaried professionals, gig workers, rental income earners, or senior citizens—by tweaking tax slabs, deductions, and exemptions. The highlight was that the aspirations and expectations of the middle-class, finally got an earnest ear.

04.02 / 06:09

economy Food Trade Universities War guidelines International Made in Canada vs. Product of Canada: Know the difference to ‘Buy Canadian’

UPDATE AS OF FEB. 3, 2025 AT 4:59 P.M. EASTERN: Prime Minister Justin Trudeau says the U.S. tariffs on Canada will be “paused” for 30 days. Read more about the announcement here.

03.02 / 23:59

UPS Manufacturing Platform Mobile economy Research electronic AI Mission should focus on core tech to avoid errors made in chips, smartphones

Subscribe to enjoy similar stories. The Centre’s India AI Mission, which seeks to bring India up to speed with the US, China and the rest of the world in artificial intelligence (AI), could be pivotal for India to avoid repeating the mistakes it made with semiconductor and mobile phone manufacturing, industry veterans told Mint.

03.02 / 22:13

markets Strategy economy Sustainability trends President War Bets rise for an emergency rate cut by Bank of Canada

Traders of Canadian short-term interest rates have begun to price in meaningful odds of an emergency cut by the Bank of Canada to blunt the economic impact of tariffs the U.S. said will take effect Tuesday.

03.02 / 22:13

economy pandemic Trade President War Relationships Tariffs to have a severe, indirect impact on Canadian bank stocks, analysts say

Some analysts are warning that a trade war could severely impact stocks of Canadian banks as the United States and Canada break away from a long-standing, friendly economic relationship to impose tariffs on each other.

03.02 / 22:13

UPS security economy Trade President War information Terence Corcoran: The tariff speech Trudeau didn’t deliver

Good evening. Today, the Trump administration informed us it will be imposing a 25 per cent tariff on Canadian exports to the United States and 10 per cent on Canadian energy.

03.02 / 22:13

markets UPS economy Trade President War reports Canadian dollar dips below 68 cents U.S. to hit lowest level in more than two decades

The Canadian dollar dropped below 68 cents U.S. for the first time in more than two decades on Monday before rebounding by more than a cent, as uncertainty over a North American trade war sparked volatility across financial markets.

03.02 / 18:55

economy WhatsApp Trade President country Impact of trade restrictions on the vulnerable worries UN

UNITED NATIONS: The UN is «obviously concerned about the impact that growing trade restriction measures can have on the global economy, particularly in developing countries and in places where there are vulnerable population,» its spokesperson Stephane Dujarric said Monday. In relation to a pause on US foreign aid, Dujarric said «some of this is having immediate impact on life saving activities.» Meanwhile, the chief of the World Health Organization hit back at US President Donald Trump's reasons for pulling the US out of the agency and urged Washington to reconsider.

03.02 / 14:25

COST UPS Manufacturing economy Sustainability wellness electronic Budget 2025: More reforms, private investments must for India to become $30 tn economy

Subscribe to enjoy similar stories. India is charting an ambitious course toward its vision of a $30-trillion economy by 2047. To realize this, India must sustain double-digit growth over the next two decades.

03.02 / 13:09

Provident Manufacturing economy Trade War country International A trade war can have "no winners": RBC chief calls on Canadians to unite

A prolonged trade war with the United States can “severely impact” jobs and businesses on both sides of the border and will have “no winners,” says the head of Canada’s largest bank, calling on Canadians to unite behind a long-term economic plan to help boost the country’s struggling productivity levels.

03.02 / 13:09

markets economy pandemic Trade War shock Tariff War Likely to Plunge Canada Into Recession

(Bloomberg) — The Canadian economy is set to face the most severe shock since the Covid-19 pandemic and will probably sink into a recession if a tariff war persists, say top economists, with one calling it an “existential threat.”

03.02 / 12:53

markets Target economy Trade innovations testing prevention London is getting it wrong: Consumer protection is not anti-growth

Subscribe to enjoy similar stories. The forces protecting consumers from abuse by big business are in retreat. Former Italian Premier Mario Draghi last year called for reform of merger control in Europe to boost the region’s global competitiveness.

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