FedEx is suing the U.S. government, requesting a full refund on what it paid for tariffs set by President Donald Trump last year after the Supreme Court ruled that the tariffs are illegal. More than 1,000 companies have filed suit in the U.S. Court of International Trade in efforts to recoup costs from the illegal tariffs, including large U.S. corporations.
NAIROBI, Kenya (AP) – Financing for electric vehicle transport is ramping up in Africa as confidence rises in the potential for battery swapping, fast charging and other technologies. Spiro, Africa’s largest electric mobility operator, has secured $50 million in debt financing from African Export-Import Bank, or Afreximbank.
BANGKOK (AP) – Hong Kong is protesting Panama’s seizure of two ports on a canal vital for global trade that were operated by a Hong Kong-based company for decades, the city’s government said Tuesday. Hong Kong’s Commerce and Economic Development Bureau said in a statement it had lodged “stern protests” with Panama’s consulate.
Excerpts from recent editorials in the United States and abroad:
WASHINGTON (AP) – The Supreme Court’s stunning rebuke of President Donald Trump’s most sweeping tariffs means he can’t conjure up new import taxes on a whim anymore. But the justices’ ruling on Friday is nonetheless unlikely to ease the uncertainty over Trump’s trade policy that has paralyzed businesses over the past year.
TORONTO (AP) – Canadian Prime Minister Mark Carney is traveling to India, Australia and Japan this week and next in his latest effort to diversify trade away from the United States, his office announced Monday.
Waymo will begin dispatching its robotaxis in four more cities in Texas and Florida, expanding the territory covered by its fleet of self-driving cars to 10 major U.S. metropolitan markets. The move into Dallas, Houston, San Antonio and Orlando, Florida, announced Tuesday, widens Waymo’s early lead in autonomous driving.
TORONTO (AP) – Representatives of ChatGPT-maker OpenAI have been summoned to Ottawa after the company said last week that it considered but didn’t alert Canadian police about the activities of a person who months later committed one of the worst school shootings in the country’s history.
Since 2002, retirement savers age 50 and over have had the option of making “catch-up” contributions to their 401(k) plans, which stack on top of the regular limits for employee contributions to tax-deferred retirement plans. The amounts were limited to $1,000 per year when they first came out but expanded to $7,500 by 2025.
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