A US airline faces backlash as it begins deportation flights
The financially struggling budget airline Avelo took a contract with the Trump administration that began this week.
Category Archives: Economy
US DOJ investigates UnitedHealth for alleged Medicare fraud: Report
The investigation comes amidst months of turmoil for the company, sending its stock plunging.
Trump’s Gulf tour based on “economics rather than politics”
Trump's focus on his tour of the Middle East is on economics.
Delivery driver pleads guilty to stealing $2.5m from DoorDash
US federal prosecutors say defendant and co-conspirators got the company to pay for deliveries that never occurred.
Trust needed to “break stalemate” in US-Iran nuclear talks
"The challenge is that there's many in the US and its allies that do not trust Iran."
‘I don’t have the cash to pay for these tariffs’: US small biz suffers
US small businesses are being financially stressed by Trump's tariffs amidst already slim margins.
Canadian unemployment rate hits six-month high amid US-imposed tariffs
Statistics Canada showed an unemployment rate of 6.9 percent, with most cuts in the manufacturing sector.
Ford to raise prices on three cars produced in Mexico: Report
The increased price tag is a result of US President Donald Trump’s imposed tariffs on auto imports.
Canada trade shifts away from US amid trade tensions
New data show both imports and exports with US fall as Canada expands trading relationships with other countries.
Pakistan airspace ban could cost Air India $591m over 12 months: Report
The airline has asked the Indian government for financial relief equivalent to its estimated losses.
Ryanair threatens cancelling Boeing aircraft order amid tariffs: Report
The budget carrier said it might cancel 330 737 Max orders due to rising costs brought on by tariffs
Automakers suspend financial guidance amid tariff uncertainty
Stellantis, Mercedes-Benz, and Volkswagen join GM and Volvo, who suspended guidance earlier this week.
Amazon allegedly mulls displaying Trump tariff costs: Report
The White House calls the decision ‘hostile’ as the e-commerce giant denies any proposal is under consideration.
Trump says petrol and grocery prices are down. Facts say otherwise
The US president incorrectly said that prices of petrol and eggs had dropped while home sales were good.
Median CEO pay in US hits record high even as markets tumble
Margins between CEO pay have long been a point of contention between workers and a rallying cry for progressives.
Businesses pare back outlook as Trump tariffs weigh on spending
From carmakers to restaurant chains, companies face financial setbacks amid tariff fears.
Vietnam, US kick off trade talks as Hanoi seeks relief from Trump’s tariffs
Trade-reliant Southeast Asian country is facing a 46 percent levy under Trump's so-called 'reciprocal' tariffs.
Trump administration considers China tariff cuts: Report
White House is considering cutting its tariffs on Chinese imports in a bid to de-escalate tensions, as per news reports.
China’s Xi says tariffs undermine ‘legitimate rights’ of all countries
Chinese leader's remarks come amid renewed hopes of a trade deal between Washington and Beijing.
Trump tariffs mean US Federal Reserve faces “conundrum”
“The tariffs are stagflationary, so slower growth and higher inflation.”