Browsing: Business

South Korean President Lee Jae-myung has expressed concern that a recent U.S. immigration enforcement operation in Georgia could significantly affect future South Korean investment in the United States. The statement follows a large-scale immigration raid conducted by U.S. Immigration and

Novo Nordisk, the Danish pharmaceutical company behind the obesity treatment Wegovy and the diabetes therapy Ozempic, announced plans Wednesday to reduce its global workforce by approximately 9,000 positions, or about 11.5 percent of its 78,400 employees. Notifications to affected staff

Mortgage demand in the United States surged to its highest level in more than three years during the first week of September, driven by a sharp drop in interest rates that brought borrowing costs to their lowest point since October

Oracle Corporation shares surged to record highs on Tuesday after the company delivered stronger-than-expected projections for its cloud infrastructure business, underscoring growing enterprise demand for artificial intelligence computing services. The stock recorded a historic single-day gain, adding nearly $270 billion

Prime Minister Mark Carney on Monday, September 8, announced an 80 million Canadian dollar tariff-relief fund for Atlantic Canadian businesses during a visit to St. John’s, Newfoundland and Labrador, as his government rolled out a broader economic defense strategy in

The U.S. job market is showing renewed signs of weakness, with middle-class manufacturing employment facing mounting pressure amid high operating costs and subdued hiring. Recent government data and industry assessments highlight a sharp decline in factory job creation, closely linked

U.S. federal agents detained nearly 500 workers in a large-scale immigration raid at Hyundai Motor Group’s electric vehicle and battery complex in Ellabell, Georgia, marking the country’s largest single-site enforcement action in recent years. The operation, carried out on September

The Universal Postal Union (UPU) announced that 88 national postal operators have suspended some or all mail services to the United States following a significant regulatory change that ended the de minimis duty-free exemption on imported goods under $800. The policy,

U.S. President Donald Trump said Friday that his administration will impose new tariffs on semiconductor imports from companies that do not shift their manufacturing operations to the United States. The move, revealed during a White House dinner with technology executives,

U.S. imports of biodiesel and renewable diesel plunged in the first half of 2025, reaching their lowest levels in more than a decade, as changes to federal tax policy eliminated key incentives for foreign-produced biofuels. The sharp decline follows the