Category: Business

Brussels has threatened to bar American companies from bidding for taxpayer-funded contracts as Europe seeks to retaliate against Donald Trump’s tariffs. Stéphane Séjourné, executive vice president of the European Commission, said the EU has “the cards” to hit back at Mr Trump’s new levies of 20pc on goods and 25pc on cars. “We could decide to withdraw all American companies from European public procurement,” Mr Séjourné, who is also commissioner for industrial strategy, told Radio France. It represents a fresh…

China announced a 34% tariff on all products imported from the U.S. on Friday, escalating the trade war between the world’s two biggest economies. The move came two days after President Donald Trump imposed the same tariff on all Chinese imports as part of what he called reciprocal tariffs on a long list of U.S. trade partners. Combined with 20% in other levies that Trump has imposed on Chinese goods since returning to office in January, the total U.S. tariff…

In sum:

Stellantis pauses production in Mexico and Canada due to tariffs
Automakers face 25% import tax on imported autos
UAW criticizes Stellantis for unnecessary layoffs
US automaker shares fall sharply

Russia is suing Shell for 1.5 billion euros ($1.6 billion) over allegedly unpaid gas supplies to the state energy giant Gazprom in 2022, the British-Dutch company said in its annual report published Tuesday. Shell announced in early 2022 that it would sever ties with Gazprom, halt Russian crude oil purchases and withdraw from Russian energy markets in response to the full-scale invasion of Ukraine. According to the company’s annual report, Russian prosecutors filed a claim in a Moscow court on…

US manufacturers reported steep declines in new orders and employment in February, fuelling fears that the economy is losing momentum as growth expectations also fell sharply. The ISM Manufacturing purchasing managers’ index on Monday dropped to 50.3 in February from 50.9 the previous month, leaving it just above contraction territory, while secondary indices pointed to a sharp fall in new orders from 55.1 to 48.6. The Federal Reserve Bank of Atlanta’s running estimate of US GDP growth, also published on…

The following article is from a Russian news source, Tass, which is controlled by the Russian Government. MOSCOW, February 19. /TASS/. Guccio Gucci, an Italian company, filed the Gucci trademark with the Russian Federal Intellectual Property Service, according to the authority’s data. The application was submitted on June 2, 2023, and the state registration was completed on February 18, 2025. The trademark holder is Guccio Gucci, based in Florence. The trademark was approved under the International Classification of Goods and…

YAPP USA Automotive Systems Inc., a corporation with its principal place of business in Michigan, has agreed to pay $14,208,496 to resolve allegations that it violated the False Claims Act by submitting false claims to obtain a Paycheck Protection Program (PPP) loan for which it was not eligible. Congress created the PPP in March 2020 to provide emergency financial assistance to Americans suffering from the economic effects of the COVID-19 pandemic. Under the PPP, eligible businesses could receive forgivable loans…

On Sunday, Mumbai Police arrested Dharmesh Paun, private developer from Kandivali, in connection with the New India Cooperative Bank scam (NICB). According to the police, Paun allegedly received illicit funds from the bank’s General Manager and Account Head, Hitesh Mehta, who was also arrested Saturday. The scam was uncovered during an audit at the bank’s headquarters in Prabhadevi last Wednesday, when RBI officials discovered funds missing from the vault. Mehta, who has been with the bank since 1988, reportedly confessed…

Video: Trump’s tariff policies are straining US-Canada relations. After imposing and then suspending tariffs, Canadian leaders are reassessing their ties with the US. Some are now looking to the European Union as a potential alternative. Major publications, including The Toronto Star and The Economist, are openly questioning whether Canada could align more closely with Europe. European politicians are also weighing in. Could this mark a significant shift in global alliances?

Amazon.com was sued on Wednesday by consumers who accused the retailing giant of secretly tracking their movements through their cellphones, and selling data it collects. According to a proposed class action in San Francisco federal court, Amazon obtained “backdoor access” to consumers’ phones by providing tens of thousands of app developers with code known as Amazon Ads SDK to be embedded in their apps. This allegedly enabled Amazon to collect an enormous amount of timestamped geolocation data about where consumers…

OSLO – Denmark agreed on Jan 24 to discuss the Arctic region with Washington, Foreign Minister Lars Lokke Rasmussen said, after his first phone call with the secretary of state from the administration of President Donald Trump, who wants control of Greenland. Mr Rasmussen and Secretary of State Marco Rubio held a 20-minute conversation in a “good and constructive tone”, discussing Ukraine, European security and the situation in the Middle East, the Danish Foreign Ministry said in a statement. Mr…