Fahamu Africa

Business

Trump Officials Seek to ‘Reimagine’ Unemployment Benefits, Targeting Fraud
BUSINESS5 months ago

Trump Officials Seek to ‘Reimagine’ Unemployment Benefits, Targeting Fraud

Federal officials are subjecting some states to higher scrutiny in an antifraud campaign, as the president rails against California and states led by Democrats.

By Tony Romm4
Trump’s Tariffs Are Adding Steel Mill Jobs, and Crushing American Factories
BUSINESS5 months ago

Trump’s Tariffs Are Adding Steel Mill Jobs, and Crushing American Factories

Tariffs unaffected by President Trump’s Supreme Court loss are adding costs for many U.S. manufacturers that use steel, limiting exports and jeopardizing jobs.

By Peter S. Goodman6
Trump’s New Tariffs Could Face Legal Challenges
BUSINESS5 months ago

Trump’s New Tariffs Could Face Legal Challenges

Critics are questioning the legality of the provision President Trump has used to replace his previous slate of tariffs, raising the prospect of yet another legal battle.

By Ana Swanson and Tony Romm2
Home Depot Says Homeowners Are Weary From Economic Pressures
BUSINESS5 months ago

Home Depot Says Homeowners Are Weary From Economic Pressures

Sales fell at the home-improvement retailer, as homeowners shied away from big-ticket home improvement projects amid worries about housing costs and the job market.

By Kim Bhasin2
Backers of Aviation Safety Bill Cite Recent Near Miss to Make Their Case
BUSINESS5 months ago

Backers of Aviation Safety Bill Cite Recent Near Miss to Make Their Case

The legislation’s advocates say a close call between two private planes near Teterboro, N.J., on Feb. 13 underscores the need for more collision prevention technology.

By Kate Kelly and Karoun Demirjian2
Trump’s Tariffs Go Into Effect at 10 Percent, Not 15
BUSINESS5 months ago

Trump’s Tariffs Go Into Effect at 10 Percent, Not 15

The change surprised executives and foreign leaders, who had been expecting the 15 percent rate the president announced on Saturday.

By Ana Swanson1
Storm Leads to a First for The Boston Globe: A Day Without a Paper
BUSINESS5 months ago

Storm Leads to a First for The Boston Globe: A Day Without a Paper

The company said the blizzard had made it too treacherous for workers to make it to the printing press on Monday.

By Katie Robertson2
More Than Half of Teens Use Chatbots for Schoolwork, Survey Finds
BUSINESS5 months ago

More Than Half of Teens Use Chatbots for Schoolwork, Survey Finds

A new study from the Pew Research Center finds teens think chatbot-assisted cheating has become “a regular feature of student life.”

By Natasha Singer2
Supreme Court Sides With Couple in Case Involving Baby Food Sold at Whole Foods
BUSINESS5 months ago

Supreme Court Sides With Couple in Case Involving Baby Food Sold at Whole Foods

The court agreed to revive a lawsuit by a Texas couple who claimed that tainted baby food purchased at Whole Foods had sickened their young son.

By Abbie VanSickle2
Meta Announces Major Chips-for-Stock Deal With AMD
BUSINESS5 months ago

Meta Announces Major Chips-for-Stock Deal With AMD

The multibillion-dollar deal is AMD’s latest move to catch up to Nvidia in the lucrative world of selling artificial intelligence chips.

By Adam Satariano and Tripp Mickle1
Paramount Revises Its Bid for Warner Bros. Discovery
BUSINESS5 months ago

Paramount Revises Its Bid for Warner Bros. Discovery

Netflix, Warner Bros. Discovery’s preferred acquirer, now has four days to counter Paramount’s revised offer.

By Lauren Hirsch1
Corporate America’s Growing Quest for Tariff Refunds
BUSINESS5 months ago

Corporate America’s Growing Quest for Tariff Refunds

Thousands of companies are expected to follow FedEx’ in suing the government to recoup levy payments, after the Supreme Court overturned the tariffs.

By Andrew Ross Sorkin, Bernhard Warner, Sarah Kessler, Michael J. de la Merced, Niko Gallogly and Brian O’Keefe1
Reddit fined £14m for 'concerning' child age check failings
BUSINESS5 months ago

Reddit fined £14m for 'concerning' child age check failings

The UK's data watchdog said the failings meant children could be exposed to harmful material online.

By BBC Business1
I.R.S. Tactics Against Meta Open a New Front in the Corporate Tax Fight
BUSINESS5 months ago

I.R.S. Tactics Against Meta Open a New Front in the Corporate Tax Fight

The agency is using real-world profit data to challenge how big companies value offshore intellectual property.

By Jesse Drucker2
Number of workers on zero-hours contracts hits record high ahead of crackdown
BUSINESS5 months ago

Number of workers on zero-hours contracts hits record high ahead of crackdown

There has been a 181,000 increase in the number of zero-hours contracts since Labour was elected.

By BBC Business3
Trump's new tariff comes into effect at lower than expected rate
BUSINESS5 months ago

Trump's new tariff comes into effect at lower than expected rate

The global levy comes in at 10%, lower than the rate the president had threatened at the weekend.

By BBC Business3
The Looming Taiwan Chip Disaster That Silicon Valley Has Long Ignored
BUSINESS5 months ago

The Looming Taiwan Chip Disaster That Silicon Valley Has Long Ignored

If China invades Taiwan and cuts off its chip exports to American companies, the tech industry and the U.S. economy would be crippled.

By Tripp Mickle1
Trump Organization unveils plan for 'Australia's tallest building'
BUSINESS5 months ago

Trump Organization unveils plan for 'Australia's tallest building'

The tower will be built on Queensland's Gold Coast and be 335 metres high, taller than the Shard in London.

By BBC Business1
FedEx Sues for Refund of Trump Tariffs Rejected by Supreme Court
BUSINESS5 months ago

FedEx Sues for Refund of Trump Tariffs Rejected by Supreme Court

The company, which did not specify how much it was seeking, is expected to be one of many demanding compensation for levies ruled unlawful.

By Peter Eavis1
Orbital space race heats up in Arctic north
BUSINESS5 months ago

Orbital space race heats up in Arctic north

Europe lags far behind the US and China in orbital space launches, but new facilities are opening up.

By BBC Business2