By Jarrett Renshaw, David Morgan and David Lawder WASHINGTON (Reuters) – U.S. President Donald Trump is pushing a plan to explicitly use revenue from higher tariffs on imported goods to help pay for extending trillions of dollars in tax cuts, an unprecedented shift likely to face opposition from many of his fellow Republicans in Congress….
(Reuters) – E-commerce giant Amazon.com is exiting its operations in Quebec, leading to the loss of about 1,700 full-time jobs, a company spokesperson said on Wednesday. The online retailer will phase out operations across seven sites in the province — the only location in Canada with unionized Amazon employees — over the next two months….
By Andy Home LONDON (Reuters) – Nickel ended 2024 trading at four-year lows, a spectacular reversal of fortune for a metal that soared so high in 2022 it almost broke the London Metal Exchange (LME). There is no mystery to this dramatic tale of boom and bust. Indonesia has flooded the world with more metal…
By Rich McKay and Georgina McCartney ATLANTA (Reuters) – An historic January storm dumped more deep snow along the U.S. Gulf Coast on Wednesday after bringing Houston and New Orleans to a near standstill over the past two days and burying parts of Florida’s Panhandle with accumulations more typical of Chicago. Another 4 inches (10…
DAVOS, Switzerland (Reuters) – South Africa’s President Cyril Ramaphosa said on Wednesday that he was not worried about the country’s relationship with the U.S. under President Donald Trump. Ramaphosa said he spoke to Trump after his U.S. election victory and looked forward to working with his administration. “I’m not worried about our relations. I spoke…
WASHINGTON (Reuters) – U.S. President Donald Trump on Wednesday threatened Russia “and other participating countries” with taxes, tariffs and sanctions if a deal to end the war in Ukraine is not struck soon. Without a deal, Trump said in a post on Truth Social, “I have no other choice but to put high levels of…
(Reuters) – Toronto-Dominion Bank is aiming to sell about $9 billion of residential mortgage loans in order to modify its balance sheet to comply with a new cap imposed by the U.S. regulators, Bloomberg News reported on Tuesday. This is a part of the plea agreement the Canadian lender reached last year with the government…
By Melanie Burton and Ernest Scheyder (Reuters) – U.S. President Donald Trump’s rollback of electric vehicle targets may temporarily slow demand for lithium and other critical minerals, but is unlikely to hamper the mining industry amid surging global EV demand, analysts and industry leaders said. Trump on Tuesday revoked predecessor Joe Biden’s 2021 executive order…
By Virginia Furness and Sinead Cruise DAVOS, Switzerland (Reuters) – Standard Chartered is set to book almost $1 billion in income in 2025 from business geared towards helping clients meet sustainability goals, CEO Bill Winters told executives at the World Economic Forum in Davos, as he doubled down on supporting the net-zero agenda. The UK…
By Stephen Nellis (Reuters) – Oracle on Tuesday released a new set of artificial intelligence agents to help salespeople with a range of tasks around dealing with customers. U.S.-based Oracle is among a wave of big tech companies focusing on creating virtual assistants that can tackle repetitive or difficult tasks with more autonomy. Microsoft and…
