LONDON/NEW YORK, July 11 (Reuters) – Suppliers to Walmart WMT.N have delayed or put on hold some orders from garment manufacturers in Bangladesh, according to three factory owners and correspondence from a supplier seen by Reuters, as U.S. President Donald Trump’s threat of a 35% tariff on the textile hub disrupts business. Bangladesh is the third-largest exporter of apparel to ...
President Donald Trump’s proposed 50% tariff on Brazilian imports is bad news for coffee drinkers. Brazil, the largest U.S. supplier of green coffee beans, accounts for about a third of the country’s total supply, according to data from the U.S. Department of Agriculture. Coffee beans need to grow in a warm, tropical climate, making Hawaii and Puerto Rico the only ...
The remains of a famous sycamore tree, which stood on Britain’s Roman-built Hadrian’s Wall in northern England for more than 200 years, has found a new home nearly two years after it was illegally felled. The removal of the tree from its spot known as “Sycamore Gap,” a pronounced dip in Hadrian’s Wall, in September 2023 sparked global outrage. Sycamore ...
European Commission President Ursula von der Leyen survived a no-confidence vote in the European Parliament on Thursday, brought by mainly far-right lawmakers who alleged she and her team undermined trust in the EU through unlawful actions. As expected, the motion failed to get the two-thirds majority it needed to pass. Only 175 members of parliament backed the motion, while 360 ...
The words “Get out of Mexico” are still visible on one shop window as protestors violently kicked in the glass pane. In another clip, “Kill a gringo” is spray-painted on a wall in Mexico City as demonstrators carried placards demanding western foreigners “stop stealing our home.” These were some of the striking scenes at a mass protest last week against ...
SAN FRANCISCO — OpenAI is close to releasing an AI-powered web browser that will challenge Alphabet’s market-dominating Google Chrome, three people familiar with the matter told Reuters. The browser is slated to launch in the coming weeks, three of the people said, and aims to use artificial intelligence to fundamentally change how consumers browse the web. It will give OpenAI ...
Oak View Group CEO Tim Leiweke was indicted on a federal criminal conspiracy charge related to allegedly rigging a bid to develop, manage, and operate the University of Texas’ basketball and entertainment arena in Austin, the Department of Justice said Wednesday. Oak View Group, which will pay $15 million in penalties in connection with the allegations, later Wednesday said that ...
President Donald Trump’s budget chief on Thursday said that Federal Reserve Chairman Jerome Powell “has grossly mismanaged the Fed” and suggested he had misled Congress about a pricey and “ostentatious” renovation of the central bank’s headquarters. The broadside by Office of Management and Budget Director Russell Vought opened up a new front in Trump’s war of words against Powell. Trump ...
What’s “Froot Loops” in Italian? The European confectionary company Ferrero has agreed to buy WK Kellogg Co., the manufacturer of iconic American cereals, for $3.1 billion. The acquisition is set to bring the publicly traded maker of Froot Loops, Frosted Flakes and Rice Krispies under the privately owned Italian manufacturer of Nutella, Tic Tac and Kinder chocolates. WK Kellogg, based ...
Doctors in Gaza say they were forced to cram multiple babies into one incubator as hospitals warned that fuel shortages are forcing them to shut off vital services, putting patients’ lives at risk. The UN has warned that the fuel crisis is at a critical point, with the little supplies that are available running short and “virtually no additional accessible ...