#Canada - Hudson's Bay says it will liquidate entire business if no financing can be secured

> The death knell is ringing for Canada's oldest company.

> Hudson's Bay announced late Friday evening that unless it finds a more viable path forward, it will begin liquidating its entire business as soon as next week, putting more than 9,000 jobs at risk.
https://www.cbc.ca/news/business/hudson-s-bay-liquidation-funding-1.7484691 #economy #tariffs #saksfifthavenue #saks

U.S. Commerce Secretary Howard Lutnick on Friday ruled out any exemptions for Japan and other American allies for tariffs on automobiles set to go into effect early next month. https://www.japantimes.co.jp/business/2025/03/15/economy/commerce-secretary-auto-tariffs-japan/?utm_medium=Social&utm_source=mastodon #business #economy #us #usjapanrelations #tariffs #carmakers #tradewar #trade

The Japanese, Chinese and South Korean governments are considering holding a meeting of their trade ministers in Seoul later this month in what would be their first meeting since the one held in Beijing in December 2019. https://www.japantimes.co.jp/business/2025/03/15/economy/japan-china-south-korea-trade-ministers/?utm_medium=Social&utm_source=mastodon #business #economy #southkoreajapanrelations #chinajapanrelations #trade #us #donaldtrump #tariffs #tradewar

https://www.europesays.com/1914101/ Brexit Britain is being outstripped by Slovenia and Malta #brexit #Economy #malta

Gold breaks $3,000 amid Donald Trump's trade wars

> Gold is considered a safe investment because its value is not threatened by inflation. In recent weeks, its price has risen sharply.
https://www.dw.com/en/gold-breaks-3000-amid-donald-trumps-trade-wars/a-71924684 #DonaldTrump #TradeWar #economy #gold

So it turns out that Cuck Schumer is another weak politician trying to hang onto his job instead of pushing back against the Trump/Musk regime.

Where is his fight?

Silicon Valley’s technology promise has become a nightmare https://www.byteseu.com/829779/ #DonaldTrump #economy #Fox #Letters #Media #OaklandMayor #Politics #racism #Religion #Republicans #retirement #seniors #Technology #TrumpAdministration #U.s.Congress

Citi Upgrades China #Stocks as US Gets Downgraded in Markets Divergence

> As Citi downgraded #US stocks, it upgraded #China to overweight in another sign of divergence in their market outlooks. “US exceptionalism is at least pausing” for the coming few months, according to its strategists. While the MSCI £China Index slumped, it remains up by over 3% since the start of (meeting). The rally sparked by #AI sensation #DeepSeek is infusing new energy... https://www.bloomberg.com/news/newsletters/2025-03-11/citi-upgrades-china-stocks-as-us-gets-downgraded-in-markets-divergence #economy #tariffs

Previously: The committee, made up of seven Republicans and four Democrats, unanimously passed an amended version of the bill on Thursday, setting it up for a vote on the Senate floor. https://www.texasobserver.org/texas-bitcoin-strategic-reserve-senate-bill-21/

UK economy shrank unexpectedly by 0.1% in January

> The economy contracted by 0.1%, which was weaker than forecast, driven mainly by a decline in the manufacturing sector.

> The government has made boosting growth its key priority, but the weakness of the economy is expected to affect Chancellor Rachel Reeves's decisions as she seeks to meet her self-imposed rules on tax and spending.
https://www.bbc.com/news/articles/cly3mdlk70no #UK #economy #tariffs

For decades, New Yorkers knew that Trump and the Trump family f..ked everybody over, stiffing everyone they dealt with from contractors to lawyers.

So why would anybody think he’s unwilling to continue doing the same with American businesses and allies?

Amazon Uses Arsenal of AI Weapons Against Workers

A study of a union election at an Amazon warehouse in Bessemer, Alabama, shows that the company weaponizes its algorithmic surveillance tools to prevent organizing.

https://prospect.org/labor/2025-03-13-amazon-uses-arsenal-of-ai-weapons-against-workers/

https://www.europesays.com/1913018/ Companies and Individuals Rally against Elon Musk and Tesla by dumping The stocks. #Economy

China's state sector continues to play a dominant role in the economy, with social objectives taking precedence over profit.

China's annual 'two sessions' are ongoing, where economic policy is being outlined for the coming year. China has met or exceeded 86% of the targets set in its 'Made in China 2025' and 14th five-year plan.

China's economy is now driven by technological investments, and labor productivity is higher than in the US and Japan.

https://socialistchina.org/2025/03/12/in-china-profit-does-not-rule-social-objectives-do/

There's a common misconception that China's economy development only really took off after Deng reforms. However, the reality is that there's been steady progress since the revolution.

The reason it wasn't as visible initially was due to the fact that China started from a place of extreme poverty.

The UK economy contracted by 0.1% in January, weaker than forecast, due to a decline in the manufacturing sector.

The regime is facing challenges due to economic weakness and increasing costs for businesses. The economy's overall growth remains weak, with concerns about the impact of US tariffs and defense spending increases.

Significant cuts to the welfare budget in the upcoming Spring Statement are expected.

https://www.bbc.com/news/articles/cly3mdlk70no

Citi downgraded US stocks while upgrading China, indicating a divergence in market outlooks.

https://www.bloomberg.com/news/newsletters/2025-03-11/citi-upgrades-china-stocks-as-us-gets-downgraded-in-markets-divergence