Toyota Cites Tariffs As It Forecasts 35% Drop In 2025-26 Net Profit

Toyota Cites Tariffs As It Forecasts 35% Drop In 2025-26 Net Profit

Japanese auto giant Toyota on Thursday forecast a 35 percent year-on-year drop in net profit for 2025-26 citing Donald Trump’s vehicle tariffs among other factors. Carmakers have been among the hardest-hit by the US president’s multi-pronged assault on free trade. On top of a 25 percent tariff already placed on finished imported cars, the Trump…

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Clarence O. Smith, a Founder of Essence Magazine, Is Dead at 92

Clarence O. Smith, a Founder of Essence Magazine, Is Dead at 92

Clarence O. Smith, who convinced skeptical advertisers of the power and worth of the Black female consumer market in becoming a founder of Essence, the first general-circulation magazine directed at Black women, died on April 21. He was 92. Mr. Smith, who lived in Yonkers, N.Y., died in a hospital after a short illness, his…

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Trump’s Threat of ‘Foreign’ Film Tariffs Stirs Anxiety in the U.K.

Trump’s Threat of ‘Foreign’ Film Tariffs Stirs Anxiety in the U.K.

President Trump’s desire to “make Hollywood great again” by wielding his preferred economic weapon — tariffs — has sent a shiver through Britain’s film industry. British producers, camera workers, costume designers and other film crew woke up Monday to Mr. Trump’s message that he wanted to impose 100 percent tariffs on films made in “foreign…

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Trump Administration to Announce Trade Deal With Britain

Trump Administration to Announce Trade Deal With Britain

For Britain’s prime minister, Keir Starmer, the trade deal would offer vindication for his assiduous cultivation of Mr. Trump. During his visit to the Oval Office in February, Mr. Starmer turned up with an invitation from King Charles III for the president to make a rare second state visit to Britain. The Trump administration appears…

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A Bitter Return For Iraqis Kicked Out Of Europe

A Bitter Return For Iraqis Kicked Out Of Europe

Iraqi Mohammed Jalal lost 10 years of his life seeking asylum in Germany, without success. Instead of being granted refuge, he was sent back to the land he had fled. He now faces the same challenges that drove him to leave the northern Kurdistan region of Iraq. More than a year has passed, and he…

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Bolsonaro Leads Rally At Site Of 2023 Brazil Insurrection

Bolsonaro Leads Rally At Site Of 2023 Brazil Insurrection

Brazil’s former president Jair Bolsonaro, who faces a trial on coup charges, vowed Wednesday to “continue the fight” at a protest to demand amnesty for people convicted over a failed right-wing insurrection. Thousands of supporters of the former far-right leader, who is seeking to make a comeback, joined the march on the site of a…

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Pakistan Warns Will ‘Avenge’ Deaths From Indian Strikes

Pakistan Warns Will ‘Avenge’ Deaths From Indian Strikes

Pakistan has warned it will “avenge” those killed by Indian air strikes that New Delhi said were in response to an attack in Kashmir, signalling an imminent escalation in the worst violence in decades between the nuclear-armed neighbours. At least 43 deaths have been reported so far, with Islamabad saying 31 civilians were killed by…

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Merz Supports Easing EU Fiscal Rules To Boost Defence Spending

Merz Supports Easing EU Fiscal Rules To Boost Defence Spending

Germany’s new Chancellor Friedrich Merz on Wednesday said that Berlin supports relaxing strict EU fiscal rules to let member states ramp up defence spending as he sought to establish his European credentials on his first foreign visits. Less than a day after scrambling to get enough votes in parliament to secure his job, Merz visited…

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Google Shares Plunge After Apple Executive’s Court Testimony

Google Shares Plunge After Apple Executive’s Court Testimony

Shares in Google parent Alphabet plunged more than eight percent on Wednesday after Apple executive Eddy Cue testified in federal court that Google’s search traffic on Apple devices declined last month for the first time in over two decades. Cue, Apple’s senior vice president of services, told the Washington antitrust trial that Google was losing…

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Republican Lawmaker Trying to Ban Trading Revealed to Have Made Millions Since Joining Congress Just Months Ago

Republican Lawmaker Trying to Ban Trading Revealed to Have Made Millions Since Joining Congress Just Months Ago

Freshman Rep. Rob Bresnahan, who recently introduced a bill to ban congressional stock trading, has come under scrutiny after disclosures revealed he reportedly made over $4 million in trades during his first months in office. Elected in November, the Pennsylvania Republican campaigned heavily on restoring trust in government, vowing to prohibit lawmakers and their spouses…

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