Amazon is pressing suppliers for steep discounts and renegotiating contracts to shield its bottom line from fresh US tariffs on Chinese imports, reigniting a playbook last used during Donald Trump’s first term as president, the Financial Times reported. The Seattle-based ecommerce giant has asked for low double-digit price cuts from…
Africa is poised to take a central role in the global gas industry’s future, according to recent projections from Rystad Energy. A substantial surge in global liquefied natural gas (LNG) production capacity, anticipated to climb from 486 million tons per annum (Mtpa) last year to 755 Mtpa by 2030, underpins this…
International trade tariff turbulence may lead to slower growth in European energy demand as businesses halt investments in new manufacturing facilities, according to the chief executive of Swedish energy company Vattenfall.Vattenfall Chief Executive Officer Anna Borg was quoted as saying in a Reuters report on Tuesday. Slowing European energy demandThe company,…
Asian equities closed mostly flat in subdued trade on Tuesday, with Japan’s markets shut for the Showa Day holiday. Investors digested fresh developments on US tariff policy and awaited major earnings reports from global tech giants.The White House confirmed that President Donald Trump intends to reduce tariffs on auto parts…
A massive power outage in Spain and Portugal threw daily life into chaos on Monday. Public transport systems ground to a halt, flights were delayed, and streets in major cities like Madrid were choked with traffic jams as authorities scrambled to restore electricity. The sudden Spain blackout also affected critical…
Mexico’s economy is set for near-stagnation this year, according to a Reuters poll, as fresh tariffs from the United States dampen business sentiment and curb investment.After narrowly avoiding a technical recession last quarter, Latin America’s second-largest economy now faces growing headwinds, largely fueled by the aggressive trade policies of US…
Brazil’s central bank leadership on Monday reaffirmed the need for a cautious, data-driven approach to monetary policy, despite stubborn inflation and rising economic uncertainty.Deputy Governor Gabriel Galipolo, speaking at a J. Safra event in São Paulo, stressed that building policymakers’ confidence in inflation’s return to the official target was crucial.“It…
The way Americans pay for everyday necessities appears to be shifting, with a growing number turning to installment plans even for basic purchases like groceries. This trend, highlighted in a recent survey, offers a stark glimpse into the mounting economic pressures facing consumers and the evolving role of Buy Now,…
Gold prices are currently stuck in a range around $3,300 per ounce as the market awaited impetus for the next move. After rising to more than $3,360 an ounce on Monday, prices have again slipped back near the $3,300 per ounce in today’s session. At the time of writing, the most-active contract…
Canada’s election had little to do with foreign policy initially. But when Canadians went to the polls earlier this week, it was the actions of the US President that decided the future of their country, for the most part at least. What began as a referendum on rising living costs and…