Officials with Claire’s Holdings LLC have announced that the company has filed for bankruptcy protection in the U.S. and Canada as the accessories and cosmetics retailer explores a path forward in the wake of increased competition and changing consumer trends. Since 1974, more than 2,750 stores have been established in 17 countries in North America and Europe. Stores in North America will remain open throughout the proceedings as the company seeks to monetize its assets, which will allow it to move through the difficult creditor protection...

Canola farmers in Saskatchewan are feeling the impacts of a 75.8 percent Chinese tariff on Canada that came into effect, as the two countries continue to hash out their economic disagreements through economic policy that will inevitably place an unprecedented strain on the market. Last year’s crop proved that Canada was the biggest exporter of canola, representing nine million tons out of 17 million tons of total trade, while China was one of the biggest buyers with five million tons. The crop has dealt with a number of major challenges over...

S&P Global has affirmed the U.S.’ ‘AA+’ credit rating, citing the revenue from tariffs as the reason for doing so, as they will offset the fiscal challenges introduced with the recent tax cut and spending bill, President Trump’s ‘One Big Beautiful Bill Act,’ which was signed into law in July. S&P expects the U.S. outlook to remain stable as tariff revenue is expected to offset any deficits incurred from the introduction of the new legislation. For instance, the U.S. reported a $21 billion gain in customs duty in July, but experienced...