Walmart says new Trump tariffs could raise prices

A Walmart store in Martinez, California, US, on Monday, Nov. 18, 2024. Walmart Inc. is scheduled to release earnings figures on November 19.  David Paul Morris | Bloomberg | Getty Images Walmart‘s CFO John David Rainey said the retailer would likely have to raise prices on some items if President-elect Donald Trump’s proposed tariffs take effect. “We never want to raise prices,” he said in an interview with CNBC on

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Ontario growth gap biggest since the financial crisis

Breadcrumb Trail Links News Output from goods-producing industries in Ontario drops at steepest rate since the pandemic Published Nov 19, 2024  •  Last updated 21 minutes ago  •  4 minute read You can save this article by registering for free here. Or sign-in if you have an account. Manufacturing slumped in Ontario in 2024. Photo by JEFF KOWALSKY/AFP/Getty Images Article content Canada’s industrial heartland has had a tough year. A new

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Shopify’s free speech ethos tested by Holocaust denial merch

Article content Shopify Inc., Canada’s biggest tech company, is drawing criticism for hosting an online store full of antisemitic merchandise, in a test of what the e-commerce platform is willing to accept under a new lighter-touch rulebook. The store sells apparel and accessories with designs that depict the Holocaust as “make believe,” feature antisemitic propaganda from the Second World War and parody the likeness of Anne Frank. Article content It’s

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‘Holiday lets are pricing us out of homes’

BBC Dee Goddard says she is at the point of “giving up” finding a family home in the Derbyshire Dales The Derbyshire Dales takes up much of the Peak District National Park, and sits near four major UK cities – Manchester, Sheffield, Derby and Nottingham. Due to its prime location and natural beauty, it has become a popular spot for families, visitors and tourists alike – particularly since the coronavirus

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‘Betrayed’ farmers take Budget protest to London

Getty Images The National Farmers’ Union (NFU) has accused the government of “betrayal” as thousands prepare to gather in London for a rally against the planned changes to inheritance tax rules for farms. “To launch a policy this destructive without speaking to anyone involved in farming beggars belief,” NFU president Tom Bradshaw will say in his speech on Tuesday. The recent Budget announcement means that previously-exempt farms worth more than

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Popular weight-loss drug Wegovy goes on sale in China

Novo Nordisk has launched its weight-loss drug Wegovy in China after it was approved by local health authorities in June. It is set to intensify competition with rival Eli Lilly, whose popular weight-loss treatment also got the green light months ago but has yet to go on sale in the world’s second largest pharmaceutical market. More than 180 million people live with obesity in China. According to Chinese business news

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Spirit Air files for bankruptcy following failed JetBlue deal

Article content Spirit Airlines Inc. has filed for bankruptcy in the wake of greater competition from rival carriers and financial troubles following its scuttled merger with JetBlue Airways Corp. The airline filed for Chapter 11 in New York listing assets and liabilities of between US$1 billion and US$10 billion, according to a court document. Spirit has been in negotiations with its creditors since a federal judge blocked that US$3.8 billion

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UK-India trade talks to re-launch in the new year

Free trade talks between India and the UK will be relaunched in the new year, Downing Street has announced. The news comes after Sir Keir Starmer met Indian prime minister Narendra Modi at the G20 summit in Brazil. A post-Brexit deal could unlock valuable markets for British cars, Scottish whisky, and financial services worth billions of pounds, with India on course to become the third largest economy in the world

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Chocolate makers stoke boom for Indian cocoa beans

George Matthew George Matthew moved into cocoa production to keep his farm going If it hadn’t been for the squirrels, George Matthew’s attempt to become a cocoa bean producer might have failed. His farming career began in the 1970s when he inherited a rubber plantation in the the southern Indian state of Kerala , which he managed alongside his career as a doctor. It was a bad time to inherit

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Warning retail job cuts ‘inevitable’ after NI tax rise in Budget

High Street job losses are “inevitable”, prices will rise, and shops will close as the result of the tax increases in the Budget and other rising costs, a group of the biggest retailers in the UK is warning. Tesco, Amazon, Greggs, Next, and dozens of other chains are urging the Treasury to reconsider some of the measures. In a letter to Chancellor Rachel Reeves, they said the “cumulative burden” of

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