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Investments and Business

Confusion and anger in Switzerland - hit by highest tariffs in Europe

Switzerland shocked by highest tariffs in Europe

The announcement of new trade tariffs has sparked widespread confusion and growing frustration in Switzerland, which now faces some of the steepest import duties among European nations. Businesses, economists, and government officials are trying to understand why a country known for its neutrality and economic cooperation is being hit so hard.The tariffs, introduced as part of a broader trade policy shift, are already beginning to impact key sectors of the Swiss economy. For a nation that heavily relies on exports and maintains complex supply chains with neighboring countries, the sudden cost increase is more than an inconvenience—it threatens to affect…
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Trump hits Brazil with 50% tariffs and sanctions judge in Bolsonaro case

Trump enacts 50% tariffs against Brazil, sanctions Bolsonaro case judge

The United States, led by former President Donald Trump, imposed a 50% duty on certain imports from Brazil, while also enacting sanctions against a Brazilian judge associated with a prominent case related to former President Jair Bolsonaro. These actions, revealed amid rising tensions, indicated a significant change in diplomatic and economic ties between Washington and Brasília.The implementation of significant tariffs, impacting crucial Brazilian exports, represented one of the toughest trade measures against the South American country in recent times. Authorities in the U.S. expressed worries regarding Brazil's economic strategies, trade disparities, and political events as reasons for this action. Although…
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Ontario cancels internet deal with Musk's Starlink as part of U.S. tariff fight

Ontario ends partnership with Musk’s Starlink as U.S. tariff battle escalates

The province of Ontario has officially ended its agreement with Starlink, the satellite internet provider operated by Elon Musk's SpaceX, in what officials describe as a necessary response to escalating trade disputes between Canada and the United States. The decision, announced in late July, is being interpreted as part of Canada’s broader economic strategy to respond to ongoing U.S. tariff policies that have increasingly strained cross-border relations.Ontario’s Ministry of Infrastructure, which earlier had pledged to utilize Starlink’s low-orbit satellite network to increase the reach of high-speed internet in underserved rural locales, announced the cancellation of the contract during a media…
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Stellantis reinstates guidance but flags 'tough decisions' after .7 billion tariff impact

Stellantis brings back guidance but highlights ‘tough decisions’ after $1.7B tariff blow

Automotive giant Stellantis has officially updated its financial guidance following a significant $1.7 billion impact from new tariffs, signaling a recalibration of its global strategy. While the company remains optimistic about its performance in the second half of the year, executives have acknowledged the necessity of making difficult operational decisions to mitigate long-term risks and maintain profitability.The notification is issued as a reaction to increasing trade disagreements and growing tariff actions, especially those impacting parts and raw materials for electric vehicles (EV). Stellantis, the company behind significant brands like Jeep, Dodge, Peugeot, and Fiat, is one of the car manufacturers…
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Trump says 'good friend' India may face up to 25% tariffs

Trump remarks ‘good friend’ India could get 25% tariffs

Former U.S. President Donald Trump has indicated that India, a country he has previously described as a “good friend,” may be subject to steep tariffs—potentially reaching 25%—if trade imbalances are not addressed. His remarks highlight the continuing focus on trade policy as a key pillar of his economic agenda, particularly in relation to countries with which the United States maintains complex economic relationships.Trump's remarks arise amidst continuous debates about the future of international commerce and the use of tariffs as a tool for securing improved conditions for U.S. companies. Despite the relatively robust diplomatic and strategic connections between India and…
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India overtakes China as biggest smartphone exporter to the United States, report says

India becomes leading smartphone exporter to United States, beating China, report says

India has emerged as the top exporter of smartphones to the United States, overtaking China for the first time, according to a new industry report that highlights shifting global trade dynamics and the evolving landscape of electronics manufacturing.The report indicates a significant surge in smartphone shipments from India to the U.S. market over recent months, reflecting a broader trend of multinational technology companies diversifying their production bases beyond China. This transition is part of a larger effort to reduce reliance on a single manufacturing hub and navigate geopolitical tensions, supply chain vulnerabilities, and evolving trade policies.For years, China held a…
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E.U.'s 0 billion-per-year spending on U.S. energy is unrealistic

Can E.U. sustain $250 billion-per-year spending on U.S. energy?

The ambitious initiative by the European Union to allocate an estimated $250 billion annually on energy imports from the United States is facing growing examination. Experts and policymakers are questioning the long-term feasibility and strategic reasoning of committing to such a considerable scale. As Europe revises its energy approach following the Russian supply crisis, there are increasing worries that the suggested dependence on U.S. liquefied natural gas (LNG) and other energy resources could be financially and practically unsustainable.The initiative emerged as a response to the continent’s urgent need to reduce dependence on Russian fossil fuels following the geopolitical fallout from…
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Auction sales fall 6% in the first half, raising fears of an art market shift

Auction sales tumble 6% in first half, igniting fears of art market transition

Auction revenues declined by around 6% in the first half of the year compared with the same period last year, prompting fresh concerns about the global art market's strength. This occurs amid broader weakening in fine‑art sales, signaling a shift in collector behavior and challenging prevailing business models.Although leading institutions such as Sotheby’s, Christie’s, and Phillips maintained their dominance, their total sum decreased to slightly below $4 billion in the first half of 2025. The central aspect of their operations, fine-art auctions, declined by around 10%. This indicates a market that is either stabilizing at a reduced level or potentially…
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Crypto kidnapping: How armed gangs are hunting the internet's high rollers

Crypto kidnapping: Inside the hunt for wealthy online traders by armed gangs

In today’s digital economy, cryptocurrencies have created a new class of millionaires. But this digital wealth has also attracted a dangerous kind of attention — not from hackers, but from armed criminals. These groups are now targeting individuals known to hold significant crypto assets, leading to a troubling rise in what has become known as “crypto kidnappings.”A new kind of targetUnlike conventional bank accounts, cryptocurrency wallets may often be accessed from various devices, and frequently don't have the same protective measures as financial institutions. For criminals, this creates a unique chance. They simply require physical access to the individual and…
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Graphic: Track grocery price trends

Graphic: Grocery price trends overview

Over the past few years, grocery shopping has transformed from a routine errand into a financial balancing act for many households. Price changes across food categories have caused consumers to shift their buying habits, rethink priorities, and search for affordable alternatives. While prices often fluctuate due to predictable factors like seasons or supply chain costs, recent global events, economic pressures, and shifting demand have significantly disrupted this once-stable routine. Understanding grocery price trends not only helps with personal budgeting, but also reveals larger patterns in food systems and economic health.A change in consumer habitsInflation has significantly influenced consumer behavior regarding…
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