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Kraft Heinz Demands 60-Day Notice from Coffee Suppliers Ahead of Tariff Hikes

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

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

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

Walmart Leans on India’s Garment Belt to Sidestep Tariffs—But Worker Shortages Threaten the Shift

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

Samsung Unveils Slimmest Flagship Smartphone in Bold Bid to Outpace Apple

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

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

Latest News

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

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

Reader's Pick

Crypto Controversy: Trump’s Gala Dinner Incentive Sends Meme Coin Tumultuously Higher 24/04/2025

BYD’s European Reset: How China’s EV Titan Is Rewiring Its Playbook for Western Success 23/04/2025

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

TSMC Leans into AI Demand to Offset Tariff Uncertainties 17/04/2025

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

Latest Business News
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...
Apple Mulls iPhone Price Hike to Offset Rising Costs and Preserve Margins

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

Companies

Apple Inc. is weighing higher prices for its next-generation iPhone lineup as it looks to shore up profit margins amid escalating costs tied to tariffs, supply-chain challenges and shifting manufacturing footprints. While executives remain sensitive to consumer pushback in an increasingly competitive smartphone market, internal discussions underscore growing pressure to pass along rising expenses...
Chegg to Execute 22% Staff Cut as Generative AI Reshapes EdTech Landscape

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

Companies

Chegg Inc., once a high-flying provider of textbook rentals, homework help and online tutoring, announced on Monday it will eliminate approximately 22 percent of its global workforce—roughly 248 positions—in a bid to rein in costs and reposition itself amid a seismic shift toward free generative AI tools in education. The layoffs mark the latest upheaval for the Santa Clara–based company, which...
Kraft Heinz Demands 60-Day Notice from Coffee Suppliers Ahead of Tariff Hikes

Kraft Heinz Demands 60-Day Notice from Coffee Suppliers Ahead of Tariff Hikes

Companies

In an effort to shield its coffee division from abrupt cost surges triggered by new U.S. import duties, Kraft Heinz has formally requested that its green-bean suppliers provide at least 60 days’ advance notice before passing on any tariff-related price increases. In an April letter to producers, the maker of Maxwell House and Gevalia brands stipulated that duty-driven adjustments should only take...
Walmart Leans on India’s Garment Belt to Sidestep Tariffs—But Worker Shortages Threaten the Shift

Walmart Leans on India’s Garment Belt to Sidestep Tariffs—But Worker Shortages Threaten the Shift

Companies

Faced with soaring U.S. import duties on Chinese, Bangladeshi and Vietnamese apparel, retail giant Walmart has ramped up sourcing from India. Yet as Walmart’s buying teams flood India’s garment hubs with inquiries, manufacturers warn that an acute shortage of skilled labor could blunt India’s tariff advantage before it can translate into sustained export growth.   Last month, U.S....
Tech Giants Clash Over ‘Preferential Treatment’ as Samsung Cites Reliance Precedent in $520M Tax Battle in India

Tech Giants Clash Over ‘Preferential Treatment’ as Samsung Cites Reliance Precedent in $520M Tax Battle in India

Companies

Samsung Electronics has formally petitioned India’s Customs, Excise and Service Tax Appellate Tribunal (CESTAT) to overturn a \$520 million tax demand, arguing that New Delhi’s own records show similar import practices by Reliance Industries went unchallenged. By invoking the precedent set by Mukesh Ambani’s Reliance Jio unit, Samsung aims to highlight inconsistencies in the government’s...
Buffett’s Successor Poised to Lead Berkshire into Next Chapter, Investors Eye Transition Closely

Buffett’s Successor Poised to Lead Berkshire into Next Chapter, Investors Eye Transition Closely

Companies

As Warren Buffett prepares to step down as CEO of Berkshire Hathaway at the end of 2025, investors and shareholders are bracing for a new chapter in the conglomerate’s storied history. With Buffett, 94, retaining his role as chairman of the board and Vice Chairman Greg Abel slated to assume the CEO mantle, market participants are weighing the implications for Berkshire’s investment philosophy,...

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...