Nissan shuts seven plants as sales and profits plunge
Japanese automaker Nissan has announced a sweeping global restructuring plan that includes cutting an additional 11,000 jobs and shutting down seven manufacturing plants. The decision...
Tag : us tariffs
EU retaliates against US steel and aluminum tariffs
The European Union has officially approved its first set of retaliatory tariffs on U.S. imports in response to recently imposed American duties on steel and...
EU must diversify trade and ratify Mercosur and Mexico deals
The United States’ decision to impose an additional 20 percent tariff on products imported from the European Union (EU) has drawn strong criticism from BusinessEurope,...
Oil prices fall as Brent sinks 3% on US crude build and OPEC+ decision
Brent crude prices declined nearly 3% on Wednesday, rebounding slightly from a three-year low as U.S. crude stockpiles rose more than expected, adding pressure on...
Nvidia shares sink 9% as investors react to tariff concerns
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...
Global trade concerns push gold beyond $2,950 in record rally
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...
EU seeks clarity on US tariffs for steel and aluminum exports
The European Commission has requested further clarification regarding U.S. President Donald Trump's recent announcement of imminent tariffs on steel and aluminum exports from European Union...