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Jul 15 2025BUSINESS

Tomato Trade Tussle: US Hits Mexican Imports with 17% Tariff

The US has slapped a 17% tariff on Mexican tomatoes, a move that could make your pizza and salsa more expensive. Why? The US claims Mexican tomatoes are being sold too cheaply, hurting local farmers. But Mexico says their tomatoes are just popular because they're good. This isn't the first time the

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Jul 15 2025BUSINESS

EU and US Trade Tensions: What's at Stake?

The EU is planning to retaliate against the US with tariffs on a range of products. This includes aircraft, cars, machinery, chemicals, plastics, medical devices, electrical equipment, and industrial goods. The total value of these goods is less than previously proposed, at around €95 billion. The

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Jul 15 2025BUSINESS

Tomato Trade: U. S. Hikes Tariffs, Prices, and Tensions

The U. S. has slapped a 17% tax on fresh tomatoes from Mexico. This move is meant to protect American tomato farmers. But it might make tomatoes more expensive for everyone else. Mexico sends a lot of tomatoes to the U. S. About 70% of tomatoes in the U. S. come from Mexico. That's a big jump from

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Jul 14 2025BUSINESS

Trade Tensions: Europe Plans Next Move After U. S. Tariffs

Europe is in a tough spot. The U. S. just dropped a big surprise: 30% tariffs on European goods. This isn't just about cheese or leather. It's about a lot of stuff, from electronics to medicine. And it's not just Europe. Mexico is in the same boat. European leaders are meeting to figure out what to

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Jul 14 2025BUSINESS

Kenvue Shakes Up Leadership as Profits Lag

Kenvue, the company behind popular brands like Tylenol and Neutrogena, is going through some big changes. The CEO, Thibaut Mongon, has stepped down. This is the second major leadership change in a short time. The company is under pressure from investors to improve its performance, especially in its

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Jul 14 2025BUSINESS

New Kid on the Block: Jams Takes on the PB&J Giant

Jams, a new player in the frozen PB&J sandwich market, is making waves with the backing of some big-name athletes. Connor Blakley, the 26-year-old founder, aims to challenge Smucker's Uncrustables, which has long held a strong grip on the market. The sandwiches are set to hit 3, 000 Walmart stores

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Jul 14 2025BUSINESS

Tech's Big Role in Chinese Medicine's Future

The Regional Comprehensive Economic Partnership (RCEP) is a big deal for countries in the Asia-Pacific region. It's all about boosting trade and economic ties. But there's a twist. Traditional Chinese Medicine (TCM) is getting a makeover thanks to technology. This isn't just about keeping up with th

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Jul 13 2025BUSINESS

SpaceX's Big Bet on Elon Musk's AI Venture

Elon Musk's companies are at it again, playing a high-stakes game of financial chess. SpaceX, known for its space exploration ventures, is reportedly putting $2 billion into xAI, Musk's artificial intelligence startup. This move comes as part of a larger funding round for xAI, which is aiming to rai

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Jul 13 2025BUSINESS

UK's Big Move to Back Diverse Investors and Founders

The UK is stepping up its game to support diverse investors and founders. A whopping £500 million (around $674 million) is being put into action by the British Business Bank, a government-owned entity. This money is aimed at helping underrepresented fund managers and founders get the backing they ne

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Jul 13 2025BUSINESS

Felix the Cat: A Family Feud Over Millions

Felix the Cat, the beloved cartoon character known for his magic bag and catchphrase, has sparked a legal battle. The Australian relatives of Patrick Sullivan, one of Felix's creators, are suing Donald Oriolo. They claim Oriolo hid Felix's financial success from them for years. The heirs believe the

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