Browsing: Business

OPEC+ will raise oil production by 547,000 bpd from September, reversing prior cuts as part of efforts to regain market share amid rising global demand.

iPhone sales climbed 13.5%, lifting Apple’s revenue and easing investor concerns over trade tariffs and the company’s delayed AI integration.

The US added just 73,000 jobs in July, with prior months revised down by 258,000, signaling weakening hiring as Trump’s trade policies paralyze businesses.

The Trump administration’s reciprocal tariffs reshape global trade, with average rates soaring to historic highs and new deals sought with key partners.

The U.S. will impose tariffs on all low-value imports starting August 29, ending the de minimis exemption and impacting global e-commerce supply chains.

Meta shares surged after unveiling plans to double AI investment to $72B in 2025, aiming to expand infrastructure and dominate next-gen computing.

Grocery and consumer goods prices in the US are climbing as new tariffs take effect, forcing retailers to pass rising costs on to everyday shoppers.

Poland may lose $2.16 billion due to new US tariffs on EU goods, with key sectors like manufacturing and agriculture expected to suffer the greatest impact.

HSBC’s first-half profit fell 26% to $15.8B due to China impairments and real estate losses, prompting a $3B buyback amid ongoing restructuring.

Adidas warned US import tariffs will add €200 million in costs, possibly raising US prices, while holding its full-year outlook amid trade uncertainty.