Browsing: Business

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: 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…

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…

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…

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…

WASHINGTON, 21 October 2025: The United States and Australia signed an $8.5 billion agreement on Monday to jointly develop and expand critical mineral and rare earth supply chains, in a move designed to accelerate mining and processing capabilities across both nations. The agreement was formalized during Australian Prime Minister Anthony Albanese’s official visit to the White House, marking a significant expansion in the economic partnership between the two allies. U.S. President Donald Trump and Prime Minister Albanese held a bilateral meeting ahead of the signing ceremony, during which both leaders emphasized the importance of securing long-term access to materials essential to defense, clean energy, and advanced manufacturing…

CUPERTINO, California, October 21, 2025: Apple Inc. moved closer to a $4 trillion market valuation this week, reaching new record highs after the launch of its iPhone 17 series fueled investor confidence and lifted its stock price. Shares of the Cupertino-based technology giant rose 4.2 percent on Friday to close at $262.90, pushing the company’s market capitalization to approximately $3.9 trillion. The surge followed stronger-than-expected early sales figures for the iPhone 17, particularly in the United States and China, Apple’s two largest markets. According to data compiled in the first 10 days after launch, iPhone 17 sales rose by 14 percent compared to the…