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Investments and business

Tesla awards boss Elon Musk bn in shares

Elon Musk awarded Tesla shares worth $29bn

Tesla CEO Elon Musk has been granted a substantial stock award valued at approximately $29 billion, marking one of the largest executive compensation packages in corporate history. The award, tied to a multi-year performance agreement, underscores Musk’s pivotal role in the company’s rapid growth and reflects Tesla’s confidence in his leadership going forward.The compensation package, which was initially approved by Tesla shareholders and the board several years ago, links Musk’s potential earnings to a series of ambitious operational and market capitalization milestones. This latest tranche of shares was triggered after Tesla met specific benchmarks, including sustained revenue growth, profitability targets,…
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After a blown deadline, what next for US-Canada trade?

What’s next for US-Canada trade after the deadline passes?

The recent failure to meet a key trade deadline between the United States and Canada has left both governments and industry stakeholders uncertain about the next phase in their economic relationship. With negotiations stalled and critical decisions postponed, attention has now turned to what this delay could mean for cross-border commerce, regulatory alignment, and long-term trade policy.The originally established timeline, part of wider initiatives aimed at updating bilateral trade agreements, expired without resolution because of ongoing disagreements in crucial areas like farming, car production, and digital trade. Even though there were several negotiation sessions and public declarations affirming mutual dedication…
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The U.S. job market was weak in July, and previous months were worse than thought

July sees lackluster U.S. jobs growth, earlier months revised lower

The most recent report concerning the U.S. job market has revealed a more pessimistic scenario than anticipated. In July, the pace of job creation decelerated, and figures from earlier months were revised to indicate a lesser performance than originally disclosed. This blend of reduced hiring activity and downward adjustments is causing anxiety about the robustness of the economic recovery and the future trajectory of employment patterns.According to the most recent figures, employers added fewer jobs in July than analysts had anticipated. While job creation continued, the pace was notably slower, suggesting that businesses may be pulling back on hiring as…
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Confusion and anger in Switzerland - hit by highest tariffs in Europe

Confusion and anger in Switzerland – hit by highest tariffs in Europe

The introduction of new commercial tariffs has led to widespread misunderstanding and increasing discontent in Switzerland, which now contends with some of the highest import taxes in Europe. Companies, economists, and government representatives are attempting to comprehend why a nation renowned for its neutrality and economic collaboration is facing such significant challenges.The tariffs, introduced as part of a broader trade policy shift, are already beginning to impact key sectors of the Swiss economy. For a nation that heavily relies on exports and maintains complex supply chains with neighboring countries, the sudden cost increase is more than an inconvenience—it threatens to…
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Ontario cancels internet deal with Musk's Starlink as part of U.S. tariff fight

Ontario pulls out of Starlink internet agreement with Musk amid U.S. tariff tensions

The province of Ontario has formally terminated its partnership with Starlink, the satellite internet provider run by Elon Musk's SpaceX, in what authorities are calling a necessary reaction to the growing trade tensions between Canada and the United States. The announcement, made at the end of July, is being seen as a component of Canada’s wider economic plan to counteract the persistent U.S. tariff measures that have increasingly put pressure on cross-border dealings.Ontario’s Ministry of Infrastructure, which had previously committed to leveraging Starlink’s low-orbit satellite network to expand high-speed internet access in underserved rural areas, confirmed the contract termination during…
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EU-US tariff deal not finished yet, say Europeans unhappy with Trump's terms

EU and US struggle to finalize tariff deal amid European concerns

Attempts to complete a commercial treaty between the European Union and the United States are ongoing, with European delegates expressing increasing dissatisfaction with the conditions suggested by the U.S., especially within the structure established during former President Donald Trump’s tenure. Although discussions between the two parties have persisted with careful optimism, the fundamental problems that have obstructed advancement are largely unsettled.The proposed deal was intended to ease trade tensions and eliminate specific tariffs that have affected transatlantic commerce in recent years. However, European negotiators argue that the deal, as it currently stands, disproportionately benefits the United States and fails to…
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Trump hits Brazil with 50% tariffs and sanctions judge in Bolsonaro case

Trump’s 50% tariffs on Brazil include sanctions for Bolsonaro case judge

The United States, under the direction of former President Donald Trump, implemented a 50% tariff on select Brazilian imports, while also placing sanctions on a Brazilian judge involved in a high-profile case connected to ex-president Jair Bolsonaro. These measures, announced during a period of escalating tensions, signaled a sharp shift in diplomatic and economic relations between Washington and Brasília.The implementation of significant tariffs, impacting crucial Brazilian exports, represented one of the toughest trade measures against the South American country in recent times. Authorities in the U.S. expressed worries regarding Brazil's economic strategies, trade disparities, and political events as reasons for…
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EU-US tariff deal not finished yet, say Europeans unhappy with Trump's terms

EU-US tariff talks unresolved with Europeans unhappy about Trump’s terms

Attempts to complete a commercial treaty between the European Union and the United States are ongoing, with European delegates expressing increasing dissatisfaction with the conditions suggested by the U.S., especially within the structure established during former President Donald Trump’s tenure. Although discussions between the two parties have persisted with careful optimism, the fundamental problems that have obstructed advancement are largely unsettled.The proposed deal was intended to ease trade tensions and eliminate specific tariffs that have affected transatlantic commerce in recent years. However, European negotiators argue that the deal, as it currently stands, disproportionately benefits the United States and fails to…
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Trump says 'good friend' India may face up to 25% tariffs

Trump suggests 25% tariffs for ‘good friend’ India

Former U.S. President Donald Trump has indicated that India, a country he has previously described as a “good friend,” may be subject to steep tariffs—potentially reaching 25%—if trade imbalances are not addressed. His remarks highlight the continuing focus on trade policy as a key pillar of his economic agenda, particularly in relation to countries with which the United States maintains complex economic relationships.Trump’s comments come amid ongoing discussions about the future of global trade and the role of tariffs as leverage in negotiating better terms for American businesses. Although India and the U.S. have maintained relatively strong diplomatic and strategic…
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Adidas to raise prices as US tariffs costs rise by €200m

Adidas to increase prices as US tariffs rise by €200m

Adidas is preparing to adjust its pricing strategy in response to mounting financial pressure from increased U.S. import tariffs, which are projected to raise the company’s expenses by approximately €200 million. This anticipated cost spike is prompting the German sportswear giant to pass part of the financial burden onto consumers, especially in key markets like the United States.La corporation ha indicado que estos costos adicionales son mayormente impulsados por modificaciones en la política comercial, en especial los nuevos o aumentados aranceles aplicados a productos fabricados en lugares como China y luego exportados a los Estados Unidos. Para una marca con…
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