Browsing: Business

Brazil has formally submitted a proposal to the New Development Bank (NDB) of BRICS countries for the development of its first smart public hospital within the Unified Health System (SUS). The project, announced by Brazil’s Ministry of Science, Technology and Innovation, is designed to establish a state-of-the-art healthcare facility integrating advanced technologies, with a primary focus on emergency care, intensive care units, and neurology services. The smart hospital will feature artificial intelligence systems for diagnostics and prognostics, telemedicine platforms for remote consultations, 5G-enabled ambulances, and automated management systems aimed at improving efficiency and patient outcomes. The total investment in the project is estimated…

Austria’s inflation rate climbed to 3.5 percent year-on-year in July 2025, marking its highest level since April 2024, according to data released by Statistics Austria. The increase reflects mounting price pressures across key sectors of the economy, with household energy, industrial goods, food, and services cited as primary contributors to the latest surge. Thomas Burg, Director General of Statistics Austria, confirmed that the July figure represents a sharp uptick from previous months. He attributed the rise to a combination of persistent cost pressures in essential goods and services. Energy prices, in particular, recorded a significant year-on-year increase of 4.3 percent, driven…

Shares in Adidas fell by 6% on Wednesday after the German sportswear company warned that new U.S. tariffs will significantly raise its costs and potentially lead to price increases for consumers in the American market. The company reported that tariffs had already caused a double-digit million euro hit in the second quarter and projected that related costs could rise to €200 million ($231 million) in the second half of the year. Adidas CEO Bjørn Gulden stated that management is reviewing pricing strategies in response to the tariffs, with any potential price increases limited to the United States. He added that no final decisions would be made until the exact…

A newly released global trade simulation forecasts a dramatic contraction in Chinese exports to the United States, projecting a decline of $485 billion by 2027. The data, derived from the Observatory of Economic Complexity’s tariff simulator, is based on current and proposed tariff structures as trade tensions between the two nations persist. The U.S. currently imposes tariffs of approximately 51% on Chinese goods, while American exports to China face an average tariff of 32.6%. If no agreement is reached by August 12, U.S. tariffs could increase to as much as 145%, further straining trade flows. As of 2024, China exported $438.9 billion in goods to the U.S., making the…

Shares of leading liquefied natural gas companies surged on Monday following the European Union’s announcement of a $750 billion agreement to import U.S. energy products. The deal, described by European Commission President Ursula von der Leyen as a strategic move to reduce reliance on Russian energy, includes purchases of American LNG, oil, and nuclear fuels over a three-year period. Energy exporters Cheniere Energy and Venture Global LNG saw respective gains of over 1% and 4%, while infrastructure developers New Fortress Energy and NextDecade Corporation also recorded increases. The rally reflects investor optimism around future demand for U.S.-produced energy, which has grown since Europe began shifting away from Russian supplies after the…

U.S. President Donald Trump announced on Sunday a new trade agreement with the European Union, following high-level negotiations with European Commission President Ursula von der Leyen in Turnberry, Scotland. The deal introduces a 15 percent tariff on most goods imported from EU countries, down from the 30 percent rate initially proposed by the U.S. administration. The agreement is expected to take effect on August 1. The announcement comes after months of escalating trade tensions between the two economic powers, with Trump citing a U.S. trade deficit of $235.6 billion with the EU in 2024. According to Trump, the new tariff structure aims to establish a more equitable trade balance and prevent what he…

Alphabet Inc., the parent company of Google, posted stronger-than-expected second-quarter earnings, supported by robust performance in advertising and accelerated growth in its cloud business. The company reported adjusted earnings per share of $2.31 on revenue excluding traffic acquisition costs of $81.7 billion, exceeding analyst expectations of $2.17 per share on $79.6 billion in revenue. Total revenue for the quarter ending June 30 reached $96.43 billion, up 14% from the same period last year. Google CEO, Sundar Pichai Alphabet’s advertising segment generated $71.3 billion, surpassing projections of $69.6 billion. Search revenue reached $54.1 billion, while YouTube ads accounted for $9.8 billion, both…

Bitcoin fell slightly on Wednesday, slipping to $118,466 as investor sentiment remained subdued and the cryptocurrency  continued to trade within a narrow range. The decline follows a recent surge to a record high of over $123,000 earlier this month, with price action since then largely consolidating amid macroeconomic caution and regulatory developments. The muted movement in Bitcoin came despite positive sentiment in broader financial markets. Bitcoin slips below $118,000 as crypto market pauses amid caution U.S. President Donald Trump announced a major trade agreement with Japan, which included a reduction in proposed  tariffs  on Japanese imports from 25 percent to 15 percent. As…

United States President Donald Trump announced on Tuesday a new trade framework with Japan that places a 15 percent tax on goods imported from that country. The announcement was made on the Truth Social platform. President Trump described the agreement as a major development in trade relations between the United States and Japan. He stated, “We just completed a massive Deal with Japan, perhaps the largest Deal ever made.” According to the announcement, Japan will invest 550 billion US dollars into the United States. The United States is expected to receive 90 percent of the profits generated from that investment. No additional…

Amazon has issued a warning to its 220 million global Prime customers, cautioning them about a surge in impersonation scams targeting their login credentials and personal information. The company reported a significant increase in fraudulent emails falsely claiming to relate to Amazon Prime membership renewals, prompting this large-scale alert to its subscriber base. According to Amazon, scammers are sending deceptive emails that suggest customers’ Prime memberships will automatically renew at an unexpected price. These messages often attempt to appear legitimate by including personal details obtained from various external sources. The fraudulent emails typically contain a “cancel subscription” link which, if clicked,…