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North Americans are bracing for higher prices on paper products after trade negotiations between the US and Canada collapsed, leading Canadian Prime Minister Mark Carney to announce tariffs of 25% to 50% on nearly 900 American goods starting September 8.
Business ·
The Iranian rial has plummeted to a rate of 2 million rials per single US dollar as citizens struggle to cope with soaring prices driven by sanctions and conflict.
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Soaring electricity prices driven by constant fan and air conditioner use during summer heat have sparked protests and utility cutoffs. In Tulsa, Oklahoma, residents unable to pay their high power bills are having their electricity shut off.
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Hollywood enjoyed a strong summer box office as moviegoers paid top dollar for premium formats like IMAX, but the industry still faces underlying challenges. Compared to pre-COVID levels, there are currently fewer moviegoers, fewer movie releases, and fewer screens available in theaters.
Business ·
Retailer Target has pulled a children's Halloween costume from store shelves and issued an apology after social media users criticized the garment for evoking racist minstrel caricatures.
Business ·
Elon Musk's SpaceX is preparing to construct a $100 billion launch facility in Louisiana, which will serve as the company's largest site to date with rocket launches planned for 2029.