Kraft Heinz pulling certain artificial dyes from its U.S. products in 2027
Kraft Heinz will be pulling certain artificial dyes from its U.S. products starting in 2027 and will no longer roll out new products with the dyes.
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Mitsubishi hiking prices on new U.S. vehicles by average 2.1%
Mitsubishi Motors said it was hiking prices of U.S. vehicles by 2.1 per cent on average, passing along cost increases to consumers after Trump's tariffs.
Solar stocks drop on U.S. Senate proposal to phase out tax credits by 2028
U.S. solar stocks slid in premarket trading on Tuesday after a U.S. Senate panel proposed phasing out solar and wind tax credits by 2028.
U.S. retail sales fall sharply in May
U.S. retail sales dropped more than expected in May, weighed down by a decline in motor vehicle purchases as a rush to beat potential tariffs-related price hikes ebbed, but consumer spending remained supported by solid wage growth.
Indonesian coal industry risking a tough transition as demand declines, report says
Indonesia’s coal industry is facing mounting pressure and should diversify as China and India cut back on imports of the heavily polluting fossil fuel.
Airbus seals VietJet deal as hopes rise at air show for end to tariffs
Airbus struck a deal with budget airline VietJet for up to 150 single-aisle jets at the Paris Airshow on Tuesday, where industry hopes of a return to tariff-free trade was given a boost by U.S. Transport Secretary Sean Duffy.
Renault’s CEO search may include insider Le Vot, Stellantis’ Picat, analysts say
Luca de Meo’s abrupt departure as Renault CEO has kicked off a search for his successor, with analysts mentioning longtime insider Denis Le Vot and Maxime Picat of rival Stellantis as suitable fits to continue the French automaker’s turnaround.
U.S. retail sales fall and Americans turn cautious after spending early this year to beat tariffs
Retail sales fell sharply in May as consumers pulled back after a sharp increase in spending in March to get ahead of President Donald Trump’s sweeping tariffs on nearly all imports.
KFC parent Yum Brands’ finance chief Chris Turner to take over as CEO
Yum Brands on Tuesday named its finance chief Chris Turner as its CEO, succeeding company veteran David Gibbs, who is retiring next year.
Trump says he will probably extend TikTok deadline again
U.S. President Donald Trump said on Tuesday he would likely extend a deadline for China-based ByteDance to divest the U.S. assets of short video app TikTok.
Oracle cloud to add xAI’s Grok 3 model to lineup for corporate customers
Oracle said on Tuesday that its cloud computing division is working with Elon Musk’s artificial intelligence firm xAI to offer the startup’s latest AI model to business customers.
Drop in Canadian tourists hurting U.S., say northeast governors
New England governors say tariffs and anti-Canadian rhetoric by the United States government is taking a bite out of tourism, with some states seeing a drop of up to 60 per cent in visitors from north of the border.
‘Purgatory:’ Fed officials left in limbo as tariffs complicate this week’s rate decision
The U.S. economy is mostly in good shape but that isn’t saving Federal Reserve chair Jerome Powell from a spell of angst.
‘Maximum economic pain’: Oil prices could skyrocket if Iran-Israel attacks escalates, expert says
As Iran and Israel trade strikes targeting nuclear facilities and energy sites, an oil expert says crude prices could rally by US$5 a barrel and possibly reach $80.
Trade with China booming amid U.S. tariff war: Port of Montreal
The Port of Montreal says trade with China is surging amid the U.S. tariff war and despite tensions with Beijing.