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UK Stands by Digital Tax After Canada Bows to Trump Pressure

The U.K. is planning to keep its digital services tax, after Prime Minister Mark Carney scrapped Canada’s levy to restart trade talks with President Donald Trump’s administration.

June 30, 2025

Canada Rescinds Technology Tax on US

Canadian Prime Minister Mark Carney said late June 29 that trade talks with U.S. have resumed after Canada rescinded its plan to tax U.S. technology firms.

June 30, 2025

Amazon Ramps Up Zoox Robotaxi Factory

Amazon is gearing up to make as many as 10,000 robotaxis annually at a sprawling plant near Silicon Valley as it prepares to challenge self-driving cab leader Waymo. 

June 18, 2025

Oil Tanker Market Roiled by Israeli Airstrikes Against Iran

Israel’s airstrikes on Iran drove up freight rates and tanker stocks June 13 as traders and investors priced in the prospect of disruption to a large swath of the global oil-shipping fleet.

June 13, 2025

Amazon, Walmart Consider Issuing Own Stablecoins: Report

Amazon and Walmart are among large multinational companies that have discussed issuing their own stablecoins in the U.S., the Wall Street Journal reported, citing unidentified people.

June 13, 2025

Pershing Square Buys Amazon Stake After 31% Stock Price Drop

Bill Ackman’s Pershing Square Capital Management built a new stake in Amazon, noting that the investor acquired shares at an “extremely attractive” price.

May 23, 2025

China-US Trade Soars in Race to Hit Trade Truce Window

A temporary trade truce between the world’s two largest economies has sparked a knee-jerk bounce across China’s ports and factory floors.

May 21, 2025

Amazon Issues Backdated Refunds in Policy Review

Amazon customers are suddenly getting refunds for products they purchased and returned as far back as 2018, along with apologies from the retailer after it discovered “unresolved” issues.

May 21, 2025

Tariff Truce Boosts Global Shippers

Importers rushing to ship Chinese goods to the U.S. using a short reprieve from paralyzing tariffs could provide a much-needed boost to global freighters including Maersk and Cosco.

May 16, 2025

Walmart Says It Will Raise Prices Due to Tariff Costs

Walmart’s first-quarter profit slipped and it said it must raise prices due to higher costs from tariffs implemented by President Donald Trump.

May 15, 2025