Savings Effect

The US-Canada trade war is escalating, with Washington imposing 50% tariffs on about $20 billion of Canadian goods and Ottawa preparing dollar-for-dollar retaliation from September 8. With 73% of Canada’s exports headed to the US, the stakes are particularly high for Canadian businesses and workers. Here’s who could feel the biggest impact and what happens next.

Garden Reach Shipbuilders & Engineers is investing ₹2,670 crore in three new facilities in West Bengal to expand its shipbuilding capacity. Gareema Bangad reports on the Raichak facility, which will support construction of warships up to 200 metres and commercial vessels up to 60,000 DWT.

Crude oil slips as demand concerns mount, but Iran tensions keep Brent near $90/bbl

Rupee opens stronger for third day in a row; strenghtens to 95.64 against US dollar

Third Wave Coffee said it raised $43 mn in a funding round led by existing investor WestBridge Capital, comprising a mix of primary and secondary capital, Creagis and other angel investors. The new funding will help the domestic coffee outlet chain grow in existing markets, build greater density in high-potential cities and strengthen its ability to serve a wider range of foods.