Browsing: Business

Vienna, October 6, 2025: The Organization of the Petroleum Exporting Countries and its allies (OPEC+) announced a production adjustment of 137,000 barrels per day (bpd), effective November 2025, following a virtual meeting on Sunday, October 5. The decision reflects the

Washington, D.C., October 4, 2025: As the United States government shutdown enters its third day, the release of critical economic data has been suspended, including the September employment report from the Bureau of Labor Statistics. The halt in data flow

LONDON, October 2, 2025: The United Kingdom’s trade relationship with the United States is under mounting pressure following a series of new tariff announcements from U.S. President Donald Trump. The proposed tariffs target key British export sectors including pharmaceuticals, commercial

DENVER, October 2, 2025: Pharmacies across Colorado are preparing for possible disruptions in drug supplies and pricing following the federal government’s plan to impose a 100 percent tariff on imported brand-name pharmaceuticals, set to begin this week. The tariff, announced

TORONTO, October 1, 2025: Minimum wage increases have come into effect across five Canadian provinces today, positioning Alberta as the only province with a wage floor below $16 per hour, as provinces adjust to inflation and cost-of-living pressures. Ontario, Manitoba,

Washington, October 1, 2025: U.S. President Donald Trump has signed a proclamation imposing new tariffs on imported wood products, including a 10 percent duty on softwood lumber and a 25 percent duty on kitchen cabinets, bathroom vanities and certain types of wooden furniture. The new

SEATTLE, October 1, 2025: Starbucks Corporation has announced the elimination of approximately 900 corporate roles and the closure of an undisclosed number of underperforming stores across North America, part of a sweeping operational restructuring aimed at streamlining its U.S. business.

With hours remaining before a possible U.S. government shutdown, economists and policy analysts are closely evaluating the likely effects on the economy. While the full scope of the impact depends largely on the duration of the shutdown, early indicators suggest

U.S. consumer confidence declined for a second consecutive month in September as inflationary concerns and a weakening labor market continued to weigh on household sentiment, according to new data released Tuesday by the Conference Board. The Conference Board’s Consumer Confidence

NEW YORK, September 27, 2025: The Secretary-General of the United Nations Conference on Trade and Development (UNCTAD), Rebeca Grynspan, has urged global leaders attending the 80th session of the United Nations General Assembly (UNGA80) to take immediate action to reduce