Latest Corporate News

📅May 9, 2026 at 1:00 PM
US court strikes down Trump's global tariffs amid refunds; Trump brokers Russia-Ukraine ceasefire; EU defense loans to Poland/Lithuania; global crises in homelessness, education highlighted.
1

US Court Rules Trump's 10% Global Tariffs Illegal

The U.S. Court of International Trade ruled 2-1 against President Trump's 10% global tariffs effective February 24, deeming them unjustified under 1970s trade law. Small businesses like Burlap & Barrel and Basic Fun challenged successfully. Source 1Source 4

2

Federal Court Blocks Tariff Collection for Key Plaintiffs

A three-judge panel found the tariffs invalid and unauthorized by Congress, directly blocking collection from Washington state and two companies. Uncertainty remains for other businesses. CEO Jay Foreman celebrated the win. Source 4

3

Trump Announces Russia-Ukraine Ceasefire and Prisoner Swap

US President Donald Trump posted on social media a surprise three-day ceasefire and prisoner exchange deal between Russia and Ukraine. This marks a potential breakthrough in the conflict. Source 2

4

EU Finalizes Massive Defense Loans to Poland and Lithuania

The European Commission is set to approve 43 billion euros for Poland and 6 billion euros for Lithuania under the EU's safe program to bolster defense. This strengthens Europe's capabilities amid tensions. Source 2

5

Over 75,000 Businesses Apply for Tariff Refunds

Following prior tariff losses, more than 75,000 businesses sought refunds via U.S. Customs; 47,000 claims approved, refunding 1.7 million payments totaling $166 billion collected previously. Process underway as of April 26. Source 4

6

Homelessness Crisis Deepens Across Europe

Rising living costs and economic pressures exacerbate homelessness in Europe, prompting urgent calls for policy action. The crisis dominates headlines amid broader economic challenges. Source 3

7

UAE Schools Shift to Online Learning Amid Concerns

Schools in the United Arab Emirates have moved to online classes due to safety and logistical issues, affecting students and families nationwide. This impacts education continuity. Source 3

8

France Launches One-Euro Meals for Struggling Citizens

Community programs in France offer affordable one-euro meals to combat inflation and rising food prices, aiding those in need. Initiative highlights social support efforts. Source 3

9

CIA: Iran Can Withstand US Port Blockade for Months

A CIA assessment reveals Iran faces no severe economic pressure from a US blockade of its ports for another four months. Updates from Middle East conflict live coverage. Source 5

10

West Bengal Elections Heat Up with Party Rivalries

Political tensions escalate in West Bengal as major parties intensify campaigns for voter support ahead of elections. Battles shape regional politics. Source 3