Economy

Economy Latest News

Why is Trump lashing out at Brazil?
Why is Trump lashing out at Brazil?
by  AFP

US President Donald Trump has announced a 50 percent tariff on Brazilian imports as he accused the country's leftist leadership of orchestrating a "witch hunt" against his right-wing ally, former leader Jair Bolsonaro. Bolsonaro calls Trump a "friend" and says they are both victims of "persecution."

Trump says Canada to face 35 percent tariff rate starting Aug 1
Trump says Canada to face 35 percent tariff rate starting Aug 1
by  AFP

Canada will face a 35 percent tariff on exports to the United States starting August 1, President Donald Trump said Thursday in a letter to Prime Minister Mark Carney. The letter on Thursday came despite what had been warming relations between Trump and Carney.

Delta offers upbeat outlook on travel demand, lifting shares
Delta offers upbeat outlook on travel demand, lifting shares
by  AFP

Shares of Delta Air Lines rocketed higher Thursday after the carrier reported better-than-expected profits and reinstated its full-year forecast based on a reassuring travel outlook. For the quarter ending June 30, Delta reported profits of $2.1 billion, up 63 percent from the year-ago period.

Snap, crackle and pay: Ferrero to buy WK Kellogg for $3.1 bn
Snap, crackle and pay: Ferrero to buy WK Kellogg for $3.1 bn
by  AFP

The Ferrero Group will acquire US cereal mainstay WK Kellogg for $3.1 billion as the Italian food giant expands further in North America, the companies announced Thursday. "Over recent years, Ferrero has expanded its presence in North America," said Giovanni Ferrero.