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Oil prices fell over 2% as OPEC+ prepares to discuss a potential production hike this weekend. Both Brent crude and WTI benchmarks slid, with traders shifting expectations toward increased supply. Analysts warn that a larger output hike could push the market into surplus by 2025, keeping prices subdued.
Key Highlights TelevisaUnivision: The Key Growth Driver Analysts highlighted the central role of TelevisaUnivision (TU), in which Televisa —headed by Alfonso de Angoitia as its CEO— holds a 45% stake. TU has become a powerhouse by combining traditional television, content production, and its fast-growing streaming platform ViX+. Unlike some global media competitors, TU has already…
Canada is rolling back a swath of retaliatory tariffs on U.S. imports effective September 1, lifting the 25% levy on many goods that comply with the existing free trade pact. Ottawa frames the move as a de-escalation ahead of next year’s CUSMA/USMCA review and a way to restart negotiations after a productive call between Prime Minister Mark Carney and President Donald Trump. Key sectors—autos, steel, and aluminum—remain protected with 25% tariffs for now. Consumers should see lower prices on items like orange juice and appliances, while import-reliant small businesses welcome relief. Labor groups and heavy industry, however, warn that maintaining pressure is essential as talks proceed.
Donald Trump backed down from a planned 250% tariff on EU pharmaceuticals. The new US-EU trade deal caps tariffs on medicines and semiconductors at 15%, while further reductions depend on Europe lifting duties on American industrial goods.
Trump tarrifs are set to cost Toyota $9.5 billion in revenue this year. The Japanese automaker is set to be among the worst impacted by Trump’s policies.
Spotify’s Q2 results provided a sobering moment for investors. While user and subscriber growth remained strong, the company underperformed financially, missing both revenue and earnings expectations.
Trump has announces new tariffs of at least 25% starting 1 August for 14 countries, unless new trade agreements are reached.
Witness the impact of Trump tariffs as global stocks slide sharply. Stay informed on market trends with our latest blog.
Discover how China, Japan, and South Korea are joining forces to combat tariffs. Stay informed on the latest tariff news.
Learn about the consequences of Trump tariffs on businesses and consumers. Stay updated on the trade policies in our blog.