Business

Canadian Mould Makers Face Steep U.S. Tariffs, Raising Industry Concerns

Canadian manufacturers of industrial moulds are grappling with new U.S. tariffs, prompting concerns over competitiveness and potential supply chain disruptions.

17.04.2026 2 minutes readings Business Viacheslav Michailov

Oil Prices Drop Sharply as Stock Markets Rise Amid Hormuz Strait Developments

Global oil prices fell sharply on Friday, while stock markets surged following news that the strategic Strait of Hormuz remains open despite rising tensions in the region involving Iran.

17.04.2026 3 minutes readings Business Julia Marchenko

Persistent Gulf Tensions Could Limit Gasoline Price Relief

Rising tensions in the Persian Gulf and ongoing logistical challenges may prevent gasoline prices from falling rapidly, despite easing domestic demand.

17.04.2026 3 minutes readings Business Viacheslav Michailov

Blackstone-Backed Liftoff Moves Toward U.S. IPO Filing

Liftoff, a mobile advertising platform supported by Blackstone, has submitted documentation for a potential initial public offering in the United States, signaling its ambitions for expansion in the c...

17.04.2026 3 minutes readings Business Viacheslav Michailov

Spirit Airlines Seeks Government Support as Fuel Costs Surge

Amid rising oil prices, Spirit Airlines is requesting government assistance to stabilize operations, highlighting the aviation industry's vulnerability to fuel cost fluctuations.

17.04.2026 2 minutes readings Business Julia Marchenko

Former Executives of Bankrupt AI Company Face Fraud Charges

Authorities have charged the former CEO and CFO of a collapsed AI firm with fraud, alleging they misled investors and falsified financial statements.

17.04.2026 2 minutes readings Business Julia Marchenko

Meta Plans First Wave of Layoffs on May 20, With Additional Reductions Expected Later in 2026

Meta is preparing to implement its initial round of workforce reductions on May 20, 2026, as part of broader cost-cutting measures, with more layoffs anticipated later in the year.

17.04.2026 2 minutes readings Business Julia Marchenko

The Hidden Cost of the Iran War: Rising Plastic Prices Impact Global Markets

The ongoing conflict involving Iran is creating ripple effects in the global economy, with a particularly sharp impact on plastic prices, affecting industries and consumers worldwide.

17.04.2026 2 minutes readings Business Viacheslav Michailov

New York Apartment Building Workers Launch Strike Over Contract Disputes

Workers at multiple New York City apartment buildings have initiated a strike demanding better wages, benefits, and working conditions, disrupting daily operations across the city.

17.04.2026 2 minutes readings Business Julia Marchenko

New York City Apartment Workers Temporarily Avoid Strike With Tentative Contract Agreement

A potential strike by New York City apartment building workers has been averted after union leaders and management reached a tentative contract deal, offering temporary relief to tenants and landlords...

17.04.2026 2 minutes readings Business Julia Marchenko

U.S. Plans New Oil and Gas Lease Sale in Alaska's Arctic National Wildlife Refuge Amid Legal Challenges

The Biden administration is moving forward with a new oil and gas lease sale in Alaska's Arctic National Wildlife Refuge, despite ongoing lawsuits and environmental concerns, signaling continued energ...

17.04.2026 3 minutes readings Business Viacheslav Michailov