Latest Business News
EU Approves Loan for KE Amid New Russia Sanctions
The EU has approved a loan for KE and imposed fresh sanctions against Russia, impacting energy supplies. The Adria pipeline (JANAF) in Croatia emerges as a key alternative to ensure uninterrupted oil to Hungary and Slovakia. Hungarian PM Orban warns of Ukraine sabotaging energy systems, deploying troops for protection.
Germany Secures Major Airbus Order from China
German Chancellor Friedrich Merz announced China will purchase up to 120 Airbus aircraft during his Beijing visit with Xi Jinping. The deal aims to deepen ties between the two economies, with Merz pushing for fair competition for German firms. He also sought China's help to end Russia's Ukraine invasion.
EU Pauses US Trade Deal Over Tariff Uncertainty
The European Parliament has stalled a US trade deal due to uncertainty from a US Supreme Court ruling declaring parts of Trump's tariffs illegal. Irish MEP Barry Andrews notes this affects consumers and businesses, prompting delays in deals with India, Japan, and Taiwan. Legal clarity is needed before proceeding.
Return-to-Office Mandates Tighten Canadian Office Markets
Widespread return-to-office policies are expected to increase office demand and reduce vacancies in major Canadian cities in 2026. 66% of experts predict stable or rising demand, with hybrid models persisting. This brings stability after pandemic shifts.
Canadian Industrial Real Estate Resilient Despite Trade Risks
Canada's industrial sector remains strong, supported by e-commerce and supply chains, though economic uncertainty tempers demand. Rental growth has slowed, but limited supply keeps rates stable, especially for premium spaces. GTA and Ottawa markets show resilience amid tariffs.
Canada's December 2025 GDP Data Amid Tariff Fallout
Upcoming GDP data will reveal US tariffs' impact on Canada's 2025 economy, with new 10% global tariffs effective after court ruling. RBC forecasts 0.2% December growth, avoiding recession after Q3's 2.6% rise. Uncertainty persists for 2026.
US Trucking Faces Freight Recession and Rate Plunge
US trucking enters turmoil with plummeting shipping rates post-pandemic, dubbed a 'freight recession' due to inventory gluts. This disadvantages negotiations but lowers costs for retailers. The $875 billion industry faces reshaping.
FedEx Sues US Government for Tariff Refund
FedEx is suing the US government for a tariff refund following a Supreme Court decision. This highlights ongoing trade disputes affecting logistics firms. Details emerge in global trade updates.
Nvidia Drags Wall Street in AI Stock Weakness
Nvidia's decline pulls Wall Street toward its worst day in a month as AI superstars weaken. Recent rebounds saw Nvidia and Palantir surge, but gains remain checked. Market volatility persists in tech investing.
Ford CEO Reports 5,000 Mechanic Jobs with Six-Figure Pay
Ford has 5,000 open mechanic positions offering six-figure salaries due to skilled worker shortages. This underscores future of work challenges in manufacturing. Demand for manual skills drives high wages.
ByHeart Recalls All Baby Formula Over Botulism Outbreak
ByHeart recalls every bottle of baby formula nationwide after a botulism outbreak hospitalizing 15 infants. This major consumer safety issue hits the business sector hard. Response is urgent amid health crisis.
50-Year Mortgages Cost Nearly $400K More, AP Analysis
A 50-year mortgage would cost nearly $400,000 more than standard terms, per AP analysis. This real estate trend raises affordability concerns in uncertain markets. Long-term loans face scrutiny.