Business Edge

08/18/2025

US retail sales rise in July; softening job market poses risk to spending

U.S. retail sales increased solidly in July, supported by strong demand for motor vehicles as well as promotions by Amazon.com and Walmart, though a softening labor market and higher goods prices could curb consumer spending growth in the third quarter.

03/31/2025

As ‘Buy Canadian’ grows, more US companies say retailers shunning their products

The "Buy Canadian" movement is sending new ripples of concern through the executive offices of U.S.-based consumer companies that banked on selling their products on Canadian retail shelves.

03/21/2025

Johnson & Johnson plans to spend more than $55 billion to build four plants in the U.S. over the next four years, it said on Friday, as the threat of drug import duties by the Trump administration compels companies to expand their manufacturing operations domestically.

03/14/2025

Big bank deals stalled by Trump volatility even as officials signal deregulation

Big banks are holding off on acquisitions and staying cautious about the Trump administration's pledges to unleash dealmaking, according to industry executives.

03/05/2025

Intel defeats shareholder lawsuit over foundry losses, $32 billion plunge

Intel won the dismissal of a shareholder lawsuit accusing the chipmaker of fraudulently concealing problems in its foundry business, leading to job cuts and a dividend suspension that wiped out more than $32 billion of market value in one day.

03/03/2025

Exclusive: Nvidia and Broadcom testing chips on Intel manufacturing process, sources say

Chip designers Nvidia and Broadcom are running manufacturing tests with Intel , two sources familiar with the matter told Reuters, demonstrating early confidence in the struggling company's advanced production techniques.

02/24/2025

Microsoft shelves AI data-center deals in sign of potential oversupply, brokerage says

Microsoft has scrapped leases for sizeable data center capacity in the U.S., suggesting a potential oversupply at the tech giant as it builds out artificial intelligence infrastructure to meet a possible surge in demand, TD Cowen said.

02/13/2025

Berlin Film Festival opening film sends message that migrants welcome, says star

The Berlin Film Festival's opening feature, dysfunctional family drama "The Light," sends the unequivocal message that migrants are welcome, said star Lars Eidinger, ahead of German elections characterised by debate over tougher migration rules.

02/11/2025

WK Kellogg forecasts upbeat 2025 profit on cost cut efforts

WK Kellogg forecast annual profit above expectations on Tuesday and reported better-than-expected earnings as the breakfast cereal maker's efforts to clamp down on costs boosted its margins.

02/03/2025

Auditors admonish ‘loopholes’ in EU’s €100bn corporate tax avoidance fight

Brussels recently scored a win when judges ruled Apple should reimburse €13bn in underpaid taxes – but a high-profile tax havens blacklist is undermined by weak sanctions, and warnings of cross-border schemes often go unheeded, auditors said.

01/28/2025

Chinese startup DeepSeek rattles global markets as Nvidia shares plunge

The unveiling of Chinese AI startup DeepSeek's latest AI model, which outperforms its US rivals, caused a sharp decline in the value of US and Europe's tech stocks.

01/24/2025

Rolls-Royce lands biggest UK defence contract in nuclear submarine deal

Under the deal with the Ministry of Defence, the British engineering company will make nuclear submarine reactors for the Royal Navy.