The future of Eddie Bauer’s Canadian stores is hinging on whether the company can find a buyer, the Canadian Press reported. The apparel retailer announced on Monday that it is looking to sell the 220 stores it has across Canada and the U.S. after filing for bankruptcy protection south of the border. It said a similar filing was impending in Canada, where its website listed 31 stores, predominantly in Ontario. Eddie Bauer LLC said locations on both sides of the border will remain open, but host liquidation sales as the court processes get underway and the company seeks a potential buyer.

Chinese automaker BYD has filed a lawsuit against the U.S. government challenging President Donald Trump's bid to use ​sweeping authority to impose tariffs, and requesting a refund for ‌all levies it paid since last April, court documents show, Reuters reported. The lawsuit, the first by a ‌Chinese carmaker over U.S. tariffs, follows similar complaints by thousands of global companies with U.S. operations challenging Trump's use of the International Emergency Economic Powers Act (IEEPA) to impose border taxes. In the lawsuit filed at the U.S.

President Trump spent much of last year courting foreign investment in U.S. factories, promising to replace jobs lost to the global economy. The rise of a Chinese automotive glass plant in the Ohio heartland shows the risks when America’s biggest rival sets up shop, the Wall Street Journal reported. Ohio’s governor, along with state and federal lawmakers, welcomed Fuyao when the Chinese glassmaking giant took over a closed General Motors factory a decade ago. The project, supported by Ohio taxpayers, was hailed as a step to reviving a battered Rust Belt region. Now, many feel duped.

In China’s northeastern grain belt, farmers are getting a windfall from the government: more subsidies to grow soybeans, part of an estimated $1 trillion national effort to declare economic independence from the U.S., the Wall Street Journal reported. More than 7,500 miles away, in Milwaukee, the industrial-parts manufacturer Husco is scrambling to use fewer Chinese-made components in its U.S. factories, as the Trump administration wields tariffs to reduce imports and try to resurrect American manufacturing.

Almost half a trillion dollars has been wiped off cryptocurrencies in less than a week as a selloff led by Bitcoin accelerated, Bloomberg News reported. Total crypto market value has slumped by $467.6 billion since Jan. 29, according to CoinGecko data. Bitcoin on Tuesday tumbled to its lowest level since US President Donald Trump won re-election in early November 2024 and ushered in a more crypto-friendly administration. Despite a pro-crypto White House and surging institutional adoption, Bitcoin has plummeted about 40% since rocketing to a record in early October.

Klöckner Pentaplast (kp) has completed its restructuring under the US Chapter 11 process, resulting in the removal of around €1.3bn ($1.5bn) in funded debt from its balance sheet, EuroNews.com reported. The company’s exit from court oversight follows an injection of €349m in new capital as part of its plans to stabilise ongoing operations. Ownership of Klöckner Pentaplast has now shifted to a consortium of financial partners led by funds affiliated with Redwood Capital Management.

U.S. President Donald Trump on Monday said he had agreed on a trade deal with India that slashes U.S. tariffs on Indian goods to 18% from 50% in exchange for India lowering trade barriers, stopping its purchases of Russian oil and buying oil instead from the U.S. and ​potentially Venezuela, Reuters reported.

President Donald Trump said he is “decertifying” all aircraft built in Canada, and he threatened to impose 50 percent tariffs on Canadian aircraft sold to the United States — an escalation of trade tensions between the neighboring countries that could have ramifications for U.S. air travel, the Washington Post reported. In a Truth Social post late Thursday, Trump accused Canada of “wrongfully, illegally, and steadfastly” refusing to certify models of Gulfstream jets and “effectively prohibiting” the sale of the American-owned business jets in Canada.

Azul S.A. announced on Jan. 28 that its subsidiary Azul Secured Finance LLP has launched a private offering of senior secured notes due 2031 to provide exit financing under the airline’s court-approved chapter 11 restructuring plan, primarily to repay its debtor-in-possession facility and, with any remaining funds, to support a broader restructuring aimed at optimizing its capital structure and liquidity, TipRanks.com reported.

Two global trading houses that brokered an opaque deal with the Trump administration this month to sell Venezuelan oil were previously prosecuted for bribery schemes involving oil sales elsewhere, court records show, underscoring concerns by anti-corruption experts and lawmakers that the arrangement is vulnerable to abuse, the Washington Post reported. The administration granted confidential licenses to Vitol and Trafigura in early January to sell Venezuelan oil with little independent oversight.