Business News - The Actual News

The Canadians and Danes boycotting American products

BBC Business • April 08, 2025 • Business

Many people in Canada and some parts of Europe are choosing not to buy things made in the United States. This is because they are not happy with some decisions made by President Trump, such as high taxes on items coming into the U.S. from other countries.

Key Facts:

People in Canada and Europe are avoiding buying U.S. products.
They are doing this because they are not happy with President Trump's decisions about taxes on products coming into the U.S. These types of taxes are called "tariffs."
There are new apps in Canada, like Maple Scan, to help people find and buy Canadian products.
Some of these decisions include taxes on cars, steel, and aluminum from other countries. This has made many people and businesses around the world worried.
President Trump suggested that Canada could become part of the U.S. as a 51st state, but the Canadian government said no.
Canada has responded by placing its own taxes on U.S. products.
Some grocery stores in Denmark show a symbol to help people find European brands.
People are also canceling their subscriptions to U.S. online entertainment services like Netflix and Disney Plus.

Source Information

BBC Business

A revolution is under way in India's trainer industry

BBC Tech • April 08, 2025 • Business

Taiwan's Hong Fu Industrial Group, a company that makes sports shoes, is building a big factory in India. The factory, once finished, could make 25 million pairs of shoes every year and give jobs to about 25,000 people. India's government welcomes this, believing it can help improve the quality of shoes made in India.

Key Facts:

Hong Fu Industrial Group makes about 200 million pairs of sports shoes every year.
The company is currently building a factory in India, which will be ready in three to five years.
When the factory is working at full speed, it will be able to make 25 million pairs of shoes each year.
The new factory may have up to 25,000 workers.
India's government hopes this will help to make better quality shoes in India.
Most shoes sold in India have to follow new quality rules made by the Bureau of Indian Standards.
A large part of India's shoe market is made up of small, local shoe makers.
These local shoe makers can make cheaper shoes, which more people in India can afford.
Some new Indian shoe companies are starting up to cater to India's growing number of people with more money to spend.

Source Information

BBC Tech

Trump has turned his back on the foundation of US economic might - the fallout will be messy

BBC Business • April 05, 2025 • Business

President Donald Trump made a decision to put big fees, called tariffs, on almost every product that comes into the US from other countries. The purpose of this decision is to try to keep more jobs and work in the US.

Key Facts:

Donald Trump decided to put tariffs of at least 10% on almost all products coming into the US.
This decision is like building a wall to keep jobs in the US, not to keep people out.
These tariffs take the US back to old times when it tried to protect its industries by putting high fees on foreign goods.
Donald Trump believes that high tariffs made America great before and could do it again.
The decision made by President Trump goes against the idea of free trade. This idea says that all countries do better when they make what they're best at and then trade freely with each other.
The tariffs are different for each country and are worked out by studying the amount of goods that country sells to the US.
The White House sees selling more goods to the US than the US sells to them as "cheating", and the tariffs are meant to fix that unfairness.

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BBC Business

Starmer's response to Trump tariffs is both to slow down and go faster

BBC Business • April 05, 2025 • Business

President Trump has decided to put extra charges, called tariffs, on goods coming from all countries to the US, including the UK. This is causing a lot of worry because it can impact how money moves around the world. Now, UK leaders are trying to figure out a way to lessen the damage, maybe through making a deal with the US.

Key Facts:

President Trump has put an extra 10% charge, known as a tariff, on all goods coming into the US from other countries, including the UK.
This decision has caused the stock markets, which is where people buy and sell parts of companies, to drop in value.
UK Prime Minister Keir Starmer and other UK leaders are working to make a deal with the US to lessen the damage.
The US and China both have not backed down and are putting extra charges on each other's goods.
The UK has been thinking of making adjustments to rules about electric cars and online safety to help with the situation.
The potential deal with the US will be simple, not detailed, according to someone in the government.
The UK government isn't just waiting for this possible deal - they're also exploring other solutions.
A group of UK leaders had been getting ready for many situations that could happen because of these extra charges, but now that they have arrived, they're asking businesses for their opinions on what to do next.

Source Information

BBC Business

Business Daily

BBC Tech • April 03, 2025 • Business

The news article doesn't provide enough information for a detailed summary. It mentions various topics discussed in Business Daily programs without specific details.

Key Facts:

The news article talks about the radio show 'Business Daily.'
One of the topics discussed is Microsoft at its 50-year mark.
The show gives an insider's view into Microsoft's headquarters in Seattle.
'Business Daily' covers a variety of global issues.
It discusses subjects like South Korea's decreasing population and ways to solve it and Finland's start-up environment.
There are also topics about technological advancements in countries like Armenia and India.
The blog mentions a segment related to the potential threats faced by Colombia's flower industry.
One more topic discussed is the growing trend of 'workfluencers' where employees share their work lives online.

Source Information

BBC Tech

David Dimbleby: I thought the free market was with us forever - then Trump came along

BBC Business • March 28, 2025 • Business

Back in 1974, the UK had a big problem with inflation and worker pay. At the same time, a worldwide oil crisis made the economy really unstable. A new idea came up to let the market control the economy without government interference - this became the main way of doing business. But lately, this system is being questioned, partly because of actions taken by US President Donald Trump.

Key Facts:

In 1974, the UK was dealing with a rising inflation and disagreements over worker pay.
A global oil crisis happened at the same time, causing trouble for many economies, including the UK's.
Keith Joseph, a Conservative politician, suggested a new idea to let the free market control the economy without much government control.
This idea changed the way the UK did business, especially in the 1980s under Margaret Thatcher's government.
A lot of people thought this system would last forever.
US President Donald Trump, a successful businessman, has made some actions that challenge this free market system.
Now, some people are wondering if the free market system is actually a good idea or if it will fail.
In 1945, the majority of voters in the UK chose a party that was focused on socialism, a system where the government has more control over the economy. This proposed a new way of running the country.

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BBC Business

Rachel Reeves is feeling the heat ahead of her Spring Statement

BBC Business • March 22, 2025 • Business

Rachel Reeves, the British Chancellor, has shared that the government won't be increasing its spending or raising taxes any more, due to an uncertain worldwide situation. She also talks about the tough parts of being a politician, like facing criticism for doing her job.

Key Facts:

Rachel Reeves is the British Chancellor.
She mentioned that the British government won't raise taxes or spend more money.
This decision has been taken due to uncertainties in the global situation.
One of the upcoming changes is stricter tests for Personal Independence Payments to save money. This decision aims to save 5 billion pounds by 2030.
Rachel Reeves has been working as a politician for about 14 years.
She said that one of the difficult parts of her job is facing personal criticism.
Rachel believes that the British government should closely look at how public tax money is spent.
She has taken inspiration from the U.S for her approach to her role.

Source Information

BBC Business