Browsing: Business

BUSAN, South Korea, October 31, 2025: A new trade arrangement between the United States and China was announced during the Asia-Pacific Economic Cooperation (APEC) Summit, reflecting a pause in bilateral tensions but leaving major disputes unresolved. The agreement includes short-term tariff relief and a one-year extension of rare earth exports from China to the  United States, but lacks permanent commitments or mechanisms for enforcement. U.S. President Donald Trump and Chinese President Xi Jinping met on the sidelines of the summit to formalize the deal, which lowers U.S. tariffs on a range of Chinese goods from an average of 57 percent to 47 percent. Tariffs on Chinese exports linked…

SEATTLE, Oct. 31: Amazon Inc. on Thursday reported third-quarter results for the period ended September 30, 2025, showing net sales of US$180.2 billion, a 13 percent increase from US$158.9 billion in the same period a year earlier. Excluding a favorable foreign-exchange impact of about US$1.5 billion, sales rose approximately 12 percent. The North America segment recorded sales of US$106.3 billion, up 11 percent year-on-year, while the international segment logged US$40.9 billion in sales, up 14 percent (10 percent excluding currency effects). The cloud computing unit, Amazon Web Services (AWS), posted revenue of US$33.0 billion, representing a 20 percent increase compared with the…

WASHINGTON, Oct. 27, 2025: President Donald Trump announced that the United States will impose an additional 10 percent tariff on Canadian imports, escalating trade tensions following a television advertisement produced by Ontario that used footage of former President Ronald Reagan criticizing tariffs. The move adds to a series of U.S. trade measures that have disrupted economic relations between Washington and Ottawa this year. The announcement followed Trump’s decision a day earlier to suspend all trade negotiations with Canada. The president said the Ontario government’s ad misrepresented Reagan’s views and called it “a hostile act.” The 1987 footage was taken from a speech Reagan delivered during his second term, in which he spoke broadly about…

SEOUL, October 26, 2025: U.S. President Donald Trump began a high-stakes visit to Asia focused on trade relations and ongoing tensions with China, marking his first official trip to the region since returning to office. The week-long tour will include stops in Malaysia, Japan, and South Korea, culminating in a meeting with Chinese President Xi Jinping on the sidelines of the APEC Summit in Seoul. The White House confirmed that the meeting between Trump and Xi has been scheduled to address a range of trade and economic issues. It will be their first in-person discussion since Trump resumed the presidency in January. The trip follows months…

Washington, October 25, 2025: The United States annual inflation rate rose to 3.0 percent in September, up slightly from 2.9 percent in August, according to data released by the Bureau of Labor Statistics (BLS). On a monthly basis, the Consumer Price Index (CPI) increased 0.3 percent, reflecting a steady rise in consumer prices across several key categories. Core inflation, which excludes the volatile food and energy components, also registered a 3.0 percent year-over-year increase, with a 0.2 percent monthly gain. These figures indicate that inflation remains above the long-term target of 2.0 percent, although price growth has slowed compared to levels recorded in 2022 and early…

WASHINGTON, October 25, 2025: U.S. President Donald Trump announced Friday that all trade negotiations with Canada  have been terminated following the release of a controversial advertisement by the Government of Ontario that featured former President Ronald Reagan criticizing tariffs. The advertisement, part of a $54 million campaign funded by the Ontario government, included edited footage from a 1987 Reagan speech in which he described tariffs as harmful to American workers and consumers. Trump denounced the ad as “fake” and “egregious,” alleging that it misrepresented Reagan’s words and misused his image without authorization. In a statement posted on his Truth Social platform, Trump said the ad interfered with…

LOS ANGELES, Oct. 23: Shares of Beyond Meat Inc. surged more than 1,000 percent over four trading days this week, marking one of the most dramatic price movements in the U.S. equity market this year. The Nasdaq-listed stock, trading under the ticker BYND, rose from about 50 cents on October 16 to an intraday high of nearly 7.70 dollars before paring gains later in the session. The surge coincided with a series of recent corporate updates and a spike in retail investor participation. Earlier in the week, Beyond Meat announced the expansion of its retail distribution partnership with Walmart Inc., adding more than 2,000…

TOKYO, October 23, 2025: Japan’s largest power generation company, JERA Co., Inc., announced on Thursday that it will acquire full ownership of shale gas assets in Louisiana for approximately 1.5 billion dollars. The acquisition marks a significant expansion of JERA’s operations in the United States as Japan strengthens its liquefied natural gas (LNG) supply chain with American producers following recent bilateral trade discussions. The deal, executed through JERA’s wholly owned subsidiary, JERA Americas Inc., involves the purchase of all interests and business assets held by Williams Upstream Holdings, LLC, and GEP Haynesville II, LLC. The assets are located in the Haynesville Shale basin in…

SEATTLE, October 22, 2025: Amazon is preparing to expand the use of robotics and automation across its U.S. operations in a move that could significantly reduce its reliance on human labor over the next decade. According to internal planning documents reviewed by multiple media outlets, the company is exploring automation systems that would enable it to avoid hiring more than 600,000 workers by 2033. The documents detail a projected reduction of approximately 160,000 jobs by 2027, mainly in Amazon’s fulfillment centers and logistics operations. The strategy aims to automate up to 75 percent of Amazon’s warehousing processes through advanced robotics, including…

October 22, 2025, New York: Gold and silver prices plunged sharply on Tuesday, posting their largest single-day percentage declines in years and striking the precious-metals market with a broad correction. Spot gold dropped as much as 6.3 percent to about US $4,115.26 per ounce, following a record high of approximately US $4,381.21 reached the previous day. U.S. gold futures for December delivery settled down 5.7 percent at US $4,109.10. Silver also posted a significant decline, falling as much as 8.7 percent and trading near US $48.49 per ounce. Platinum and palladium recorded losses in the 5-6 percent range. The retreat follows an extended…