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Walmart Signals Price Hikes Ahead Amid Mounting Tariff Pressure and Rising Costs

U.S. Aviation Boost as $14.5 Billion Etihad Deal Signals Surge in Boeing Exports and Jobs

Trump Unveils Sweeping Order Forcing Deep Cuts in U.S. Drug Prices

Apple Mulls iPhone Price Hike to Offset Rising Costs and Preserve Margins

Samsung Unveils Slimmest Flagship Smartphone in Bold Bid to Outpace Apple

Chegg to Execute 22% Staff Cut as Generative AI Reshapes EdTech Landscape

Burberry to Trim One-Fifth of Global Staff as It Battles Overcapacity and Cost Pressures

Alibaba Revenue Falls Short Amid Consumer Caution, Price Wars and Heavy Investments

Foxconn Downgrades Full-Year Outlook as U.S. Tariff Threat Casts Shadow Over AI Boom

Walmart Confronts Unprecedented Pressure as Trump Demands Price Restraint

Novo Nordisk Should Weigh U.S. Talent Pool as It Seeks Next Chief Executive

Severe $400 Million Cyberattack Loss Forces Coinbase to Reevaluate Strategy and Fortify Defenses

Latest News

India’s Struggling Telecom Giant Vodafone Idea Turns to Supreme Court as Debt Burden and Market Pressures Mount

Walmart Confronts Unprecedented Pressure as Trump Demands Price Restraint

Reader's Pick

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Walmart Signals Price Hikes Ahead Amid Mounting Tariff Pressure and Rising Costs 15/05/2025

Amazon Sellers Pass Tariff Shock to Shoppers as Trump’s China Duties Bite 26/04/2025

Tariff Shock: U.S. Consumers Face Surging Prices and Empty Shelves Under Trump’s Trade Policies 29/04/2025

Latest Business News
India’s Struggling Telecom Giant Vodafone Idea Turns to Supreme Court as Debt Burden and Market Pressures Mount

India’s Struggling Telecom Giant Vodafone Idea Turns to Supreme Court as Debt Burden and Market Pressures Mount

Companies

Vodafone Idea, India’s third‑largest telecom operator, has petitioned the Supreme Court for relief after the government refused to waive more than $5 billion in interest and penalties on outstanding dues. The company’s move comes amid a protracted financial crisis driven by a landmark 2019 judicial ruling on adjusted gross revenue (AGR) liabilities, crippling debt levels, fierce competition, and...
Walmart Confronts Unprecedented Pressure as Trump Demands Price Restraint

Walmart Confronts Unprecedented Pressure as Trump Demands Price Restraint

Companies

President Donald Trump’s recent directive to Walmart—to “eat the tariffs” rather than pass higher import levies on to consumers—has sent shockwaves through the retail industry. With tariffs on Chinese electronics, produce from Latin America and Canada, and a host of everyday essentials still elevated, Walmart faces the dilemma of protecting its famously low-price promise or surrendering precious...
From Tariffs to Tight Wallets: Unpacking Why U.S. Retail Sales Have Gone Flat

From Tariffs to Tight Wallets: Unpacking Why U.S. Retail Sales Have Gone Flat

Markets

April’s modest 0.1 percent uptick in U.S. retail sales punctuated a troubling trend: consumers are holding back even as stores and online merchants vie for every dollar. Once fueled by front‑loaded auto purchases ahead of tariff deadlines, spending momentum has dissipated, exposing deeper strains that go well beyond trade policy. A combination of elevated living costs, tepid wage growth, high...
Novo Nordisk Should Weigh U.S. Talent Pool as It Seeks Next Chief Executive

Novo Nordisk Should Weigh U.S. Talent Pool as It Seeks Next Chief Executive

Companies

As Novo Nordisk embarks on the search for a successor to outgoing CEO Lars Fruergaard Jorgensen, industry insiders argue the Danish pharmaceutical titan should cast its net across the Atlantic. With the United States accounting for more than half of its revenue—driven largely by the blockbuster obesity treatment Wegovy—a leader steeped in U.S. market dynamics may be the catalyst needed to regain...
Severe $400 Million Cyberattack Loss Forces Coinbase to Reevaluate Strategy and Fortify Defenses

Severe $400 Million Cyberattack Loss Forces Coinbase to Reevaluate Strategy and Fortify Defenses

Companies

Coinbase, one of the world’s largest cryptocurrency exchanges, disclosed that a sophisticated cyberattack could cost the company between \$180 million and \$400 million, igniting concerns over its financial resilience, regulatory posture and customer confidence. In a terse regulatory filing on May 15, the San Francisco–based firm revealed that an unknown threat actor had breached internal support...
U.S. Aviation Boost as $14.5 Billion Etihad Deal Signals Surge in Boeing Exports and Jobs

U.S. Aviation Boost as $14.5 Billion Etihad Deal Signals Surge in Boeing Exports and Jobs

Companies

The White House on May 15 unveiled a landmark commitment by Etihad Airways to purchase 28 wide‐body Boeing aircraft equipped with General Electric engines, a transaction valued at \$14.5 billion that underscores the deepening commercial aerospace ties between the United States and the United Arab Emirates. Announced alongside over \$200 billion in bilateral deals during President Trump’s visit to...
Alibaba Revenue Falls Short Amid Consumer Caution, Price Wars and Heavy Investments

Alibaba Revenue Falls Short Amid Consumer Caution, Price Wars and Heavy Investments

Companies

Alibaba Group Holding Ltd. reported quarterly revenue of 236.45 billion yuan for the fiscal fourth quarter ended March 31, narrowly missing analysts’ consensus estimate of 237.24 billion yuan. The shortfall—though modest in headline terms—underscored deepening challenges facing China’s largest e-commerce platform as it grapples with a cautious consumer base, intensifying competition, regulatory...
Walmart Signals Price Hikes Ahead Amid Mounting Tariff Pressure and Rising Costs

Walmart Signals Price Hikes Ahead Amid Mounting Tariff Pressure and Rising Costs

Companies

Walmart, the world’s largest retailer, warned investors this week that its famed “Everyday Low Price” pledge is under increasing strain as a barrage of U.S. tariffs and surging operating expenses force the company to reconsider how long it can shield shoppers from higher costs. Speaking alongside the release of stronger-than-expected first-quarter results, Chief Executive Doug McMillon...
Foxconn Downgrades Full-Year Outlook as U.S. Tariff Threat Casts Shadow Over AI Boom

Foxconn Downgrades Full-Year Outlook as U.S. Tariff Threat Casts Shadow Over AI Boom

Companies

Taiwanese contract electronics giant Foxconn has revised down its full-year financial outlook, citing mounting uncertainty over U.S. tariff policies even as the company basks in surging demand for artificial-intelligence server components. The world’s largest electronics assembler—best known for building Apple’s iPhones and, more recently, forging key partnerships with Nvidia—warned investors...
Burberry to Trim One-Fifth of Global Staff as It Battles Overcapacity and Cost Pressures

Burberry to Trim One-Fifth of Global Staff as It Battles Overcapacity and Cost Pressures

Companies

Burberry has announced plans to cut approximately 1,700 positions—around 20 percent of its global workforce—over the next two years as part of a sweeping effort to rein in costs and sharpen its competitive edge. The decision, which follows an in-depth review of the British luxury house’s operations, comes amid mounting concerns over bloated staffing, overproduction at key manufacturing sites, and...
Trump Unveils Sweeping Order Forcing Deep Cuts in U.S. Drug Prices

Trump Unveils Sweeping Order Forcing Deep Cuts in U.S. Drug Prices

Markets

In a forceful move to tackle America’s soaring prescription costs, President Donald Trump on Monday signed an executive order demanding that pharmaceutical companies slash their U.S. prices to match the lower rates paid by other developed nations. Under the directive, drugmakers have 30 days to propose price targets—reductions of between 59 and 90 percent on key medicines—or face a series of...
Samsung Unveils Slimmest Flagship Smartphone in Bold Bid to Outpace Apple

Samsung Unveils Slimmest Flagship Smartphone in Bold Bid to Outpace Apple

Companies

Samsung Electronics on Tuesday pulled the wraps off its slimmest-ever flagship device, the Galaxy S25 Edge, as the South Korean tech giant accelerates its premium smartphone race against archrival Apple. Boasting a wafer-thin 5.8 mm profile and cutting-edge artificial intelligence enhancements, the S25 Edge represents both an engineering marvel and a strategic statement of intent, arriving months...

World

WHO Faces Major Budget Cuts: The Impact on Global Health

WHO Faces Major Budget Cuts: The Impact on Global Health
The World Health Organization (WHO) is bracing for significant financial cuts, signaling a major shift in global health governance. A proposed 21% reduction in its budget is expected to reshape its...

UK Detects First Case of Bird Flu in a Sheep, Stoking Fears of Spread

UK Detects First Case of Bird Flu in a Sheep, Stoking Fears of Spread
In an unprecedented development, UK authorities have confirmed the first-ever case of bird flu (H5N1) in a sheep. The case was detected in northern England, where routine monitoring of farmed...

2024: A Year Marked By Escalating Climate Extremes

2024: A Year Marked By Escalating Climate Extremes
In 2024, the global community faced unprecedented climate challenges, with human-induced climate change significantly intensifying extreme weather events. A comprehensive analysis by World Weather...

First Severe Human Bird Flu Case In U.S. Highlights Growing Health Concerns; Emergency Declared

First Severe Human Bird Flu Case In U.S. Highlights Growing Health Concerns; Emergency Declared
The United States has reported its first severe human case of bird flu in 2024, involving a Louisiana resident who is hospitalized in critical condition. This marks a significant shift in the ongoing...

Methane Emissions From Tropical Wetlands: A Growing Threat To Global Climate Goals

Methane Emissions From Tropical Wetlands: A Growing Threat To Global Climate Goals
Tropical wetlands, long known for their ability to absorb vast amounts of carbon, are now emerging as a major contributor to methane emissions, significantly complicating global efforts to tackle...

People

Trump Declines Further Debates As Harris Emerges As Debate Winner In Polls

Trump Declines Further Debates As Harris Emerges As Debate Winner In Polls
Republican nominee and former U.S. President Donald Trump announced on Thursday that he would not participate in a third presidential debate against his Democratic rival, Vice President Kamala...

Kamala Harris Targets GOP Economic Criticism With New Policy Proposals

Kamala Harris Targets GOP Economic Criticism With New Policy Proposals
Vice President Kamala Harris on Friday presented a comprehensive economic policy agenda aimed at countering criticisms from Republicans and addressing key middle-class concerns. Speaking in Raleigh,...

Musk Gives To An Organisation That Supports Trump's Election: Bloomberg

Musk Gives To An Organisation That Supports Trump's Election: Bloomberg
According to a Bloomberg story quoting sources, billionaire Elon Musk, who has been criticising US President Joe Biden more and more, has contributed to a political organisation that aims to elect...

New Study Finds People Who Were Class Bullies Could Make Higher Incomes In Their Middle Age

New Study Finds People Who Were Class Bullies Could Make Higher Incomes In Their Middle Age
A recent study challenges the widely held belief that school bullies would eventually get their comeuppance by indicating that they are likely to end up with greater earnings. The Institute for...

In A New York Corporate Fraud Lawsuit, Trump Slapped Fines And Interest Of $454 Million

In A New York Corporate Fraud Lawsuit, Trump Slapped Fines And Interest Of $454 Million
A New York judge ruled in the former president's civil business fraud trial on Friday, ordering him to pay a total of approximately $454 million in penalties.   According to an attorney...