The United States on Monday demanded that the European Union make its regulation of the tech sector more "balanced" in exchange for a reduction of U.S. tariffs on steel and aluminium imports from the bloc, Reuters reported. At a meeting in Brussels, EU ministers urged U.S. Commerce Secretary Howard Lutnick and Trade Representative Jamieson Greer to implement their July trade deal, with cuts to U.S. tariffs on EU steel and their removal from EU goods such as wine and spirits.
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Resources Per Country
- Anguilla
- Bahamas
- Barbados
- Belize
- Bermuda
- British Virgin Islands
- Canada
- Cayman Islands
- Costa Rica
- Cuba
- Dominica
- Dominican Republic
- El Salvador
- Greenland
- Grenada
- Guadeloupe
- Guatemala
- Haiti
- Honduras
- Jamaica
- Mexico
- Montserrat
- Netherlands Antilles
- Nicaragua
- Panama
- Puerto Rico
- Saint Kitts and Nevis
- Saint Lucia
- Saint Martin
- Trinidad and Tobago
- Turks and Caicos Islands
- United States
- United States Virgin Islands
A planned $20 billion bailout to Argentina from JPMorgan Chase, Bank of America and Citigroup has been shelved as bankers pivot instead to a smaller, short-term loan package to support the financially distressed government, the Wall Street Journal reported. Treasury Secretary Scott Bessent and the Trump administration had been seeking to bolster Argentine President Javier Milei’s pro-reform party when they announced a pair of financial lifelines this fall. The package included a $20 billion currency swap with the U.S.
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Montauk Metals Inc. filed a corporate assignment into bankruptcy pursuant to the Bankruptcy and Insolvency Act (Canada) (the “BIA”), according to a press release. The filing comes after the Board was unable to reach a settlement with its creditors. The Fuller Landau Group Inc. has been appointed as the Licensed Insolvency Trustee (the “Trustee”) under the bankruptcy proceedings.
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In an executive order, Trump exempted dozens of Brazilian food products, including coffee and beef, from the 40% increased tariffs he imposed in an ill-fated attempt to help former President Jair Bolsonaro dodge a coup attempt trial, Bloomberg News reported. Together with prior exemptions, the move will leave many of the nation’s major exports free from heightened US duties, a victory for an agricultural powerhouse that ranks as the world’s largest beef and coffee producer and counts the US as its No. 2 trade partner.
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China Evergrande Group’s famous log-cabin hotel in Quebec, Canada, has been placed in receivership after the defaulted real estate developer failed to make payments on its debt, Bloomberg News reported. Fairmont Le Chateau Montebello, which has hosted luminaries including Grace Kelly and Margaret Thatcher, would be put up for sale by PricewaterhouseCoopers LLP, the court-appointed receiver, according to documents filed this week on the accounting firm’s website.
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The future homes for 27 pieces of Hudson’s Bay history were decided Wednesday in a packed Toronto auction, where art lovers, historians and those wistful about the fall of Canada’s oldest company spent a collective $5.9 million, BNNBloomberg reported. In addition to covering their successful bid, buyers must also pay a premium of 25 per cent of the hammer price up to and including $25,000 plus 20 per cent of the hammer price over $25,000 and any applicable sales tax. Collectively, bidders spent $4.9 million on paintings before the buyer’s premium was added.
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The rise of online sports betting and casino apps has yielded big profits for gambling companies. But insolvency and psychology experts warn of dire consequences for a growing number of Canadians — young men, in particular — and recommend counselling, a payback plan and self-examination for those needing to dig themselves out of debt, the Canadian Press reported.
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At its annual public meeting on Tuesday, Canada Post revealed that it continues to bleed cash and hinted at big job cuts through attrition, CBC.ca reported. "Canada Post is effectively insolvent," said the Crown corporation's chief financial officer, Rindala El-Hage. She announced that Canada Post's operating loss so far for 2025 totals more than $1 billion, and that its latest quarterly loss — $541 million before tax — was unprecedented. "It was the largest quarterly loss in the company's history," said El-Hage.
The rise in U.S. taxes on imports has had a lighter impact on the global economy than many policymakers and businesses had feared, but it nonetheless is having an impact that will likely persist through next year and beyond, the Wall Street Journal reported. Figures released on Monday showed the economies of Japan and Switzerland both contracted in the three months through September, in part because of the higher taxes U.S. businesses must pay if they buy goods made in either country.
The U.S. is the biggest recipient of China's lending activities globally, according to a study which tracked Beijing's credit activities and found it is increasingly lending to higher-income countries over developing countries, Reuters reported. The report, published on Tuesday by AidData, a research lab at U.S. university William & Mary, said China's lending and grant giving totalled $2.2 trillion across 200 countries in every region of the world from 2000 to 2023.