P&G to Slash 7,000 Office Jobs in Two-Year Bid to Offset Tariffs
Procter & Gamble (NYSE: PG) will eliminate up to 7,000 office jobs—about 15% of its non-manufacturing headcount—over the next two years, the company disclosed at Deutsche Bank’s Global Consumer Conference. The restructuring, aimed at “improving productivity,” will cost an estimated $1 billion to $1.6 billion but the management did not specify which hubs will be […]
US Energy Storage Costs Set to Spike Up to 50% as Trump Tariffs Hit Supply Chains
US energy storage costs could surge up to 50% as Trump tariffs target Chinese battery imports that supply over 90% of the market, industry analysts warn. Chinese lithium-ion battery cells now face tariffs as high as 145%, forcing project developers to absorb higher costs, delay construction, or renegotiate contracts. Battery system costs have already jumped […]
Gazprom Drops Turkish Hub Scheme, Paving US LNG Demand Spur From Europe
Russia’s Gazprom has “largely halted the work” on a mooted gas-trading hub in Turkey, insiders told Bloomberg, ending the most prominent scheme Moscow had left to re-enter Europe’s pipeline market after Nord Stream was blown up and Ukrainian transit rights lapsed on 1 January. The plan—first floated by President Vladimir Putin in October 2022 as a […]
Meta, Yandex Caught Unmasking Android Users; Meta Claims “Miscommunication”
Meta and Yandex quietly fused Android users’ “anonymous” web histories with their logged-in app identities, researchers say—shredding the sandbox walls that are meant to keep mobile apps and browsers in separate lanes. A joint team from Radboud University, IMDEA Networks, and KU Leuven discovered that the Meta Pixel and Yandex Metrica analytics scripts—embedded in about […]
Trump Tariff Revenue Soars To $22B In May — But Who Is Really Paying?
US customs‐duty inflows hit an unprecedented $22.3 billion in May, eclipsing April’s $17.4 billion take and putting 2025 year-to-date receipts at $68.23 billion, up 78% versus the same period last year. The spike follows President Donald Trump’s “Liberation Day” tariff package, which layered new levies on virtually every US import and ratcheted duties on most Chinese goods […]
Canada Moves to Formally Scrap Consumer Carbon Tax
Prime Minister Mark Carney’s government introduced legislation Thursday to formally eliminate Canada’s consumer carbon tax, fulfilling a key campaign promise and marking a dramatic policy reversal on the climate measure that became a political albatross for the previous Liberal administration. Bill C-4, officially titled the “Making Life More Affordable for Canadians Act,” was given first […]
Tariffs Dry Up Imports, US Trade Deficit Sinks to Three-Year Low
In a revelation that shocks probably no one, the US trade deficit in goods and services sharply shrank to $61.6 billion in April from $138.3 billion in March, Commerce Department figures show. The plunge coincides neatly with the Trump administration’s century-high tariff regime, making April’s gap the narrowest since pre-pandemic disruptions. Imports did the heavy lifting—or […]
“The Girls Are Fighting”: An In-depth Explainer On Trump-Musk Slugfest
What began as one of the Trump administration’s most conspicuous bromances now threatens to redraw the fault lines of US politics, space policy, and markets. When Donald Trump was grazed by a bullet on the Butler, Pennsylvania rally stage last July, Elon Musk raced to X to declare, “I fully endorse President Trump and hope […]
Ted Cruz Questions Federal Reserve’s Interest Payments to Banks
Senator Ted Cruz, R-Texas, criticized the Federal Reserve’s practice of paying interest to banks on their reserves during a CNBC interview Thursday, arguing the policy represents a departure from nearly a century of central banking tradition. “For nearly 100 years, until the financial crisis, the Fed paid no interest on reserves,” Cruz said during the […]
Ramp Metals Completes 4,942 Metres Of Drilling Under Spring Program At Rottenstone SW
Ramp Metals (TSXV: RAMP) has completed their spring drill program at the Rottenstone SW property in Saskatchewan. The program saw a total of 20 drill holes conducted across an aggregate 4,942 metres of drilling, alongside airborne geophysics. The program saw drilling split across three separate zones on the project, although the amount of holes said […]