Topic
business
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Business & Economy · ChinaStarbucks opens Xinjiang stores amid criticism from US lawmaker
Starbucks has opened its first two stores in Urumqi, the capital of China's Xinjiang region. The move has drawn criticism from a US lawmaker who called the decision 'morally bankrupt' and urged the company to close the stores.
China3 min readTrust 80 · Craft 87 · Hype 30- Business & Economy · European Union
Volvo Cars withdraws 2026 forecast amid market challenges
Volvo Cars announced on 2 October 2026 that it will not meet its full-year volume and cash-flow targets for 2026. The company cited worsening market conditions in China and a slower-than-expected recovery in the United States as the primary reasons for this revision.
European Union2 min readTrust 54 · Craft 62 · Hype 15 
Business & EconomyLufthansa CEO expects higher jet fuel costs to exceed €1.5bn
Lufthansa CEO Carsten Spohr anticipates that additional jet fuel costs for the year will surpass the €1.5 billion previously flagged. He attributes these rising expenses to the ongoing Iran war and escalating oil prices, while reaffirming the airline's operating profit forecast.
3 min readTrust 42 · Craft 45 · Hype 41
Business & Economy · United StatesUS imposes 50% tariffs on Canadian goods, removes others
The United States has imposed 50% tariffs on a select group of Canadian products, including motorboats and steel, while simultaneously removing tariffs on others like cement and toilet paper. The measures are part of an escalating trade war between the two nations.
United States3 min readTrust 42 · Craft 61 · Hype 41
Business & EconomyCanada's reciprocal tariffs take effect with limited consumer impact
Canada's reciprocal tariffs, ranging from 15 to 50 percent, began in early September 2026. While most grocery items are unaffected, economists anticipate short-term price increases for health and beauty products. Retailers expect limited overall impact on consumers.
3 min readTrust 62 · Craft 95 · Hype 12
Business & Economy · United StatesUS and Canada business groups urge talks amid tariff dispute
Business associations in the US and Canada are calling for renewed negotiations to resolve an escalating trade dispute. New tariffs are expected to increase costs for companies and consumers and disrupt supply chains, with retaliatory measures set to begin in early September.
United States3 min readTrust 80 · Craft 95 · Hype 30