Browsing: Business

Nvidia’s stock fell nearly 9% on Monday following confirmation from U.S. President Donald Trump that tariffs on imports from Canada and Mexico would take effect on Tuesday. The sharp decline erased approximately $265 billion from the company’s market value, bringing

The number of Americans filing for unemployment benefits rose to 242,000 for the week ending February 22, marking a three-month high, according to the U.S. Department of Labor. The increase of 22,000 from the previous week surpassed analysts’ expectations of

Apple defied India’s declining smartwatch market in 2024, posting a remarkable 141% increase in Apple Watch shipments. While the country’s overall smartwatch segment shrank by 30% year-on-year due to fading demand for budget models, Apple’s strong growth highlighted a shift

Gold prices have surged past $2,950 per ounce, setting fresh all-time highs as investors turn to safe-haven assets amid heightened economic and geopolitical risks. The rally is being fueled by concerns over U.S. trade policies, a weak dollar, and increased

U.S. President Donald Trump has announced plans to impose 25% tariffs on automobile imports, semiconductor chips, and pharmaceutical products entering the United States, with the measures set to take effect as early as April 2. Speaking at his Mar-a-Lago resort

Rising egg prices in the U.S. are drawing attention as inflation concerns persist, potentially complicating the Federal Reserve’s monetary policy strategy. A severe egg shortage, largely attributed to an avian flu outbreak, has driven prices up by 15% from December

UK businesses are preparing for the largest wave of redundancies in a decade as confidence in the economic outlook plummets, driven by tax increases set to take effect in April. The Chartered Institute of Personnel and Development (CIPD) reported that

The European Commission has expressed strong opposition to U.S. President Donald Trump’s proposed “reciprocal” trade policy, calling it a step in the wrong direction. The Commission reaffirmed its commitment to an open and predictable global trading system, emphasizing that such

JPMorgan Chase CEO Jamie Dimon has dismissed employee opposition to the bank’s strict five-day return-to-office (RTO) mandate, rejecting a growing petition effort during a recent town hall meeting. According to media outlets, Dimon responded bluntly to questions about the policy,

The United Nations Conference on Trade and Development (UNCTAD) has emphasized Africa’s vulnerability to global economic shocks in its Economic Development in Africa Report 2024. The report, released in Geneva, examines how past crises including the 2008 financial collapse, the