Newsfeed – Business News
Arctic shortcut lures global shippers, yet seasonal ice and costly vessels blunt commercial allure
PARIS, Aug 22 — With Gulf turmoil slashing Suez Canal traffic, shipping firms are tempted to try the Arctic for quicker trips between Europe and Asia — but commercial prospects […]
Canada plots economic Plan B as Trump’s 50pc tariffs bite
MONTREAL, Aug 22 — US President Donald Trump’s 50-per cent tariffs on certain Canadian goods which took effect Saturday delivered another blow to bilateral trade, renewing focus on Ottawa’s efforts […]
Trump waives beef tariffs for 90 days to bring down US food prices
ISTANBUL, Aug 22 — US President Donald Trump on Friday announced a 90-day waiver of out-of-quota tariffs on ground beef imports, allowing up to 300,000 tonnes of foreign beef into […]
Crypto goes international in Russia as new law takes effect from Sept 1
MOSCOW, Aug 22 — Russians will be able to transfer cryptocurrency abroad to their own wallets or foreign merchant accounts to pay for goods and services from Sept 1, the […]
Bursa likely to trade with an upside bias next week
KUALA LUMPUR, Aug 22 — Bursa Malaysia is expected to trade with an upside bias next week, with the benchmark index seen within the 1,725-1,750 range, an analyst said. Rakuten […]
Ringgit on a roll, but traders may cash in next week
KUALA LUMPUR, Aug 22 — The ringgit is expected to see some profit-taking next week after its strong rally over the past six trading days. The local note ended at […]
TikTok to pay US$400m to settle US kids’ data privacy suit
SAN FRANCISCO, Aug 22 — TikTok has agreed to pay US$400 million (RM1.57 billion) to settle a lawsuit with the US Department of Justice over claims that the video-sharing platform violated […]
Global shipping gridlock looms as Panama Canal slashes transits amid worst El Nino drought
PANAMA CITY, Aug 21 — The Panama Canal will cut the number of ships passing through it starting next month because of drought caused by the El Nino phenomenon, the […]
Iraq sets sights on 10 million barrels a day as Hormuz disruption bites
BAGHDAD, Aug 21 — Iraq’s prime minister said Friday that he wants to increase the country’s oil exports to as much as 10 million barrels a day within six years. […]
US Supreme Court said no to Trump’s tariffs, and now German companies are getting refunds in hundreds of millions
BERLIN, Aug 21 — German companies have recouped hundreds of millions of euros in overpaid tariffs following February’s landmark US Supreme Court ruling, German Press Agency (dpa) reported on Friday, […]