On 24 February, the US was all set for the new 10% tariff to come into force, which was decided would replace tariffs scrapped by the court on all goods entering the US. Unfortunately, it has increased to 15% now, raising questions for countries such as the UK and Australia.
Most of Trump’s tariffs last year were paid by American consumers and businesses, according to the report from the Federal Reserve Bank of New York. The study found that 90% of the cost of these tariffs was passed on to US businesses and consumers through higher prices.
Wendy plans to shutter their hundred of outlets by mid-2026 as part of an ongoing strategy to improve their business. CEO Ken Cook announced in November that they would close hundreds of underperforming locations, while 28 outlets were already closed during the fourth quarter. The company said the decision to close some stores was made together with franchise owners.
Borderless AI was launched in 2022 and quickly became an ambitious project in the fields of Employer of Record (EOR) and universal HR. Recognising that the challenge of going global is characterised by complex compliance requirements, payroll difficulties, wasted time and money in setting up entities, and cash-flow issues during the process, the startup aimed to revolutionise how organisations recruit, remunerate, and manage international staff.
The United States experienced almost no job growth in 2025, according to revised data from the Bureau of Labour Statistics (BLS). The previous data showed they reported 584,000 jobs last year, but after updating the data, only 181,000 were added. This is far fewer than the 1.46 million jobs added in 2024.
Yum! The parent company of Pizza Hut, KFC, and Taco Bell plans to close 250 underperforming Pizza Hut outlets in the United States. Ranjith Roy, chief financial officer for Yum!, made this announcement on February 4 during its financial results meeting. This announcement was made in November: they are reviewing the future of the Pizza Hut business, and the review is ongoing and expected to be completed this year.
US Vice President JD Vance announced a proposal to bring together US allies into a preferred trade bloc for critical minerals. This includes working together on pricing and trade policies as the US steps up efforts to reduce China’s influence over minerals critical to high-tech manufacturing and industry.
A few HR professionals have reinvented the connection among people, purpose, and performance as profoundly as Donna Morris, Walmart’s Chief People Officer (CPO). As the leader of the people strategy in a workforce of over 2.1 million employees worldwide, Morris operates at the intersection of technology, inclusion, and human potential. Her leadership at Adobe during the cultural transformation and at Walmart during HR modernisation exemplifies how empathy, innovation, and strategy can be scaled together.
Elon Musk is bringing his biggest businesses together by having his rocket company, SpaceX, acquire his artificial intelligence company, xAI. Together, these companies are worth $1.25 trillion, making them the most valuable private companies in the world. Musk named it “innovation engine”. His goal is to combine satellite internet, AI and rockets to do things that have never been done before.
U.S. President Donald Trump and his two sons filed a billion-dollar lawsuit against the federal government for leaking information about their business and personal tax returns. The official complaint was filed in federal court in Miami, seeking $10 billion in return. The Trump family accused the Internal Revenue Service (IRS), the U.S. tax body, and the Treasury Department of failing to secure personal financial information from a contractor.
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