President Donald Trump has announced an increase in the global tariff rate by an additional five per cent, following a recent defeat in the U.S. Supreme Court. The original 10 per cent tariff was struck down by the court after being implemented using the International Emergency Economic Powers Act of 1977. Trump is now invoking Section 122 of the U.S. Trade Act to impose the new tariff rate of 15 per cent. In a statement on social media, Trump mentioned a comprehensive review of the court's decision and outlined plans to issue new tariffs in the coming months. These temporary tariffs, allowed under Section 122, can be...

Former South Korean President Yoon Suk Yeol has been handed a life sentence for his short-lived implementation of martial law, marking the climax of the nation's most significant political turmoil in years. Yoon's downfall came following an ill-conceived effort to circumvent an opposition-controlled legislature by declaring martial law and deploying troops to encircle the legislature on December 3, 2024. According to Judge Jee Kui-youn, Yoon was convicted of rebellion for orchestrating the illegal mobilization of military and police forces in a bid to seize control of the liberal-led National Assembly, detain politicians, and establish unbridled authority for an extended period. Yoon is expected to challenge the ruling. Although...

Canada's annual inflation rate rose to 2.4% in December compared to the same month a year ago, as reported by Statistics Canada on Monday....

A company based in British Columbia is set to unveil a new biorefinery with the goal of incorporating seaweed into the future of agriculture....