Latest news with #CNI
Yahoo
a day ago
- Business
- Yahoo
Is Canadian National Railway the Ultimate Dividend Stock in the Transportation Sector?
Canadian National Railway Company (NYSE:CNI) is included among the . Pixabay/Public Domain It is considered a reliable blue-chip option for income-focused investors looking for stability. Its extensive rail network plays a key role in Canada's supply chain, which strengthens its operations by supporting steady demand and contributing to consistent revenue and earnings growth. This dependable performance enables the company to continue growing its dividend over time. In the first quarter of 2025, Canadian National Railway Company (NYSE:CNI) credited its strong quarterly performance to strict cost management and disciplined execution of its strategic plan, which helped offset the effects of challenging winter conditions. Looking ahead, management emphasized its commitment to staying agile and maintaining close collaboration with customers amid ongoing macroeconomic and geopolitical uncertainty. Canadian National Railway Company (NYSE:CNI) reported revenue of $4.4 billion in Q1 2025, up from $4.2 billion in the same period last year. The company's cash position also remained stable as the company reported a free cash flow of $626 million, up from $576 million in the prior-year period. Canadian National Railway Company (NYSE:CNI) offers a quarterly dividend of C$0.8875 per share, which it grew by 5% in January this year. This was the company's 29th consecutive year of dividend growth. The stock's dividend yield on July 15 came in at 2.52%. While we acknowledge the potential of CNI as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and . Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Time of India
2 days ago
- Time of India
Salt Typhoon breach triggers nationwide alert — are US military networks compromised?
A major cyber espionage breach has rocked the United States National Guard network. A group with ties to China called Salt Typhoon quietly accessed sensitive data for almost a year. Experts say that the breach could put national security at stake. How long did the hackers go undetected? Reportedly a Chinese hacking group called Salt Typhoon broke into a US National Guard network and stole important data without being found for months. Explore courses from Top Institutes in Select a Course Category Technology others healthcare Management MBA CXO Cybersecurity Design Thinking Data Analytics PGDM Data Science Public Policy Degree Product Management MCA Leadership Operations Management Finance Artificial Intelligence Digital Marketing Data Science Healthcare Others Project Management Skills you'll gain: Duration: 12 Weeks MIT xPRO CERT-MIT XPRO Building AI Prod India Starts on undefined Get Details The group gained access to sensitive military and law enforcement data by breaching the compromised network and hiding there for nearly a year, according to the US Department of Defense (DoD). The identity of the affected National Guard unit remained unclear. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Average Cost To Rent A Private Jet May Surprise You (View Prices) Private Jet I Search Ads Learn More Undo What could the stolen data be used for? The Department of Defense warns that this could trigger additional attacks and jeopardize the nation's infrastructure. Experts say that all military systems should immediately adopt advanced cybersecurity models. The DoD report describes a lengthy campaign that "extensively compromised" the National Guard network between March 2024 and December of last year. It was made public in response to a FOI request made by the nonprofit Property of the People, as per a report by IT Pro. Live Events Now, US troops are being told that their networks might not be safe anymore. It is thought that the Salt Typhoon gathered and stole private information as part of the breach, including configuration files for state government and critical national infrastructure (CNI) organizations. ALSO READ: DOJ recommends one-day sentence for officer in Breonna Taylor raid, sparking outrage The DoD cautioned that this information could be used to enable subsequent Salt Typhoon hacks of these units. It also contained network diagrams and administrator credentials for these networks. In the past, Salt Typhoon has "enabled cyber intrusion elsewhere" by using stolen network configuration files, according to the DoD report. In fact, 1,462 configuration files linked to 70 US government and CNI identities across 12 sectors were stolen between January 2023 and March 2024. This included companies in the fields of wastewater, transportation, energy, and communication. The success of Salt Typhoon, according to the report, "could undermine local cybersecurity efforts to protect critical infrastructure." What's being done to prevent future breaches? The incident is the most recent in a series of well-publicized attacks by the group, which also includes attacks on Verizon and AT&T, two US telecom companies. White House officials issued a warning in December of last year, claiming that the group had access to and had recorded key US political figures' private conversations. ALSO READ: Steve Miller Band abruptly cancels 2025 Tour, fans left scratching their heads Public sector CTO Gary Barlet cautions that government agencies need to adopt Zero Trust more quickly and advance their breach containment strategy, and that all US forces must now assume their networks are compromised. There have been multiple cases in the public and private sectors in recent years where lateral movement has compromised sensitive data, so this is not the first breach of DoD systems. FAQs What types of data did Salt Typhoon steal? They viewed credentials, network diagrams, and infrastructure configuration files. What's the big deal with this breach? It jeopardizes military readiness and may enable future cyberattacks on critical systems.
Miami Herald
5 days ago
- Business
- Miami Herald
Proposed U.S. tariffs could cut Brazil's GDP by as much as 0.8%
July 14 (UPI) -- The 50% tariffs proposed by Donald Trump could cut Brazil's gross domestic product by between 0.3 and 0.8 percentage points in 2025, according to Brazilian economists and consulting firms. The final impact will depend on how Luiz Inacio Lula da Silva's administration responds and whether Brazil can redirect its exports. Brazil's annual export loss could range from $12 billion to $17 billion, representing 3.6% to 5% of the country's total exports, according to Rogério Marin, CEO of Tek Trade and president of the Foreign Trade Companies Union of Santa Catarina, in comments to the Brazilian digital outlet Agricultura y Negocios. Marin estimates an annual negative impact on GDP of between 0.6% and 0.8%. According to XP, one of Brazil's major investment and financial services firms, the tariffs could reduce GDP growth by 0.3 percentage points in 2025 and 0.5 percentage points in 2026, with Brazilian exports to the United States projected to fall by $6.5 billion in 2025 and $16.5 billion the following year. Agribusiness firm FGVAgro said in a statement that the proposed 50% tariff would particularly impact the agricultural sector, which accounts for 30% of exports to the U.S. market. "Food exports are estimated to fall by as much as 75%, which could cause a contraction of up to 0.41% in Brazil's GDP. Domestic consumption is also projected to decline by as much as $13 billion," the firm said. Brazil's National Confederation of Industry, or CNI), and other business groups have urged a diplomatic resolution. "A rupture in the relationship with the United States would cause serious harm to our economy," said Ricardo Alban, president of the CNI, who called for "intensifying negotiations to reverse this decision." The American Chamber of Commerce for Brazil, Amcham Brasil, has urged avoiding a trade war, saying it "has no winners." The group argues that the arbitrary imposition of tariffs serves neither side's interests and instead creates uncertainty that discourages investment and economic growth. Brazil maintains a strong trade relationship with the United States, exporting about $41 billion annually, primarily in industrial and agricultural goods. That volume represents roughly 1.7% of Brazil's GDP. "Brazilian industry -- especially manufacturing -- has broken export records to the United States in recent years, underscoring the importance of maintaining a stable trade environment," said Marcos Santos Carena, director of the Business Observer, a consulting firm that operates in Brazil, Colombia and the United States. The announced tariffs could significantly impact several sectors of Brazil's economy. Experts warn that about 40% of the affected exports are manufactured goods with limited potential to be redirected to other markets. The agricultural and agribusiness sectors could be among the hardest hit, as the United States is a key market for products such as coffee and orange juice. One-third of the coffee and half of the orange juice consumed in the United States comes from Brazil, Santos Carena said. Other agricultural exports could also be affected. In the aerospace sector, Embraer -- the Brazilian aircraft manufacturer -- has been identified as one of the companies that could be hit hardest, with sharp declines in its market value. The tariffs could hurt the competitiveness of its exports to the United States. Brazil's steel and aluminum industries are already subject to additional tariffs, and a new 50% levy would make these exports unviable, according to industry representatives. Although the United States accounts for a small share of Brazil's mining exports -- about 4% -- the tariffs could affect sales of gold, natural stones, ornamental rocks, iron ore, kaolin and niobium. Other exports that could be affected include engines and generators, parts for industrial machinery, data processing equipment, measuring instruments, wood and forest products -- such as pulp and fiberboard -- and meat. In a meeting lasting more than four hours at the Palácio da Alvorada on Sunday, Lula convened his cabinet ministers -- including those from finance, industry, agriculture, and foreign affairs -- along with the Central Bank president and Senate leaders to coordinate a response to the tariffs announced by President Donald Trump. Among the agreed measures was the creation of a committee led by Vice President Geraldo Alckmin. The group, which includes business leaders, will bring together affected sectors to develop joint proposals and advise the president before any official announcement. The government pledged to issue a decree by Tuesday outlining legal and technical criteria for triggering countermeasures if the U.S. tariffs take effect Aug. 1, as Trump promised. While officials have not ruled out reciprocal action, Lula's administration said its priority is negotiation, multilateral diplomacy -- through channels such as the World Trade Organization -- and non-tariff solutions. Copyright 2025 UPI News Corporation. All Rights Reserved.
UPI
5 days ago
- Business
- UPI
Proposed U.S. tariffs could cut Brazil's GDP by as much as 0.8%
July 14 (UPI) -- The 50% tariffs proposed by Donald Trump could cut Brazil's gross domestic product by between 0.3 and 0.8 percentage points in 2025, according to Brazilian economists and consulting firms. The final impact will depend on how Luiz Inacio Lula da Silva's administration responds and whether Brazil can redirect its exports. Brazil's annual export loss could range from $12 billion to $17 billion, representing 3.6% to 5% of the country's total exports, according to Rogério Marin, CEO of Tek Trade and president of the Foreign Trade Companies Union of Santa Catarina, in comments to the Brazilian digital outlet Agricultura y Negocios. Marin estimates an annual negative impact on GDP of between 0.6% and 0.8%. According to XP, one of Brazil's major investment and financial services firms, the tariffs could reduce GDP growth by 0.3 percentage points in 2025 and 0.5 percentage points in 2026, with Brazilian exports to the United States projected to fall by $6.5 billion in 2025 and $16.5 billion the following year. Agribusiness firm FGVAgro said in a statement that the proposed 50% tariff would particularly impact the agricultural sector, which accounts for 30% of exports to the U.S. market. "Food exports are estimated to fall by as much as 75%, which could cause a contraction of up to 0.41% in Brazil's GDP. Domestic consumption is also projected to decline by as much as $13 billion," the firm said. Brazil's National Confederation of Industry, or CNI), and other business groups have urged a diplomatic resolution. "A rupture in the relationship with the United States would cause serious harm to our economy," said Ricardo Alban, president of the CNI, who called for "intensifying negotiations to reverse this decision." The American Chamber of Commerce for Brazil, Amcham Brasil, has urged avoiding a trade war, saying it "has no winners." The group argues that the arbitrary imposition of tariffs serves neither side's interests and instead creates uncertainty that discourages investment and economic growth. Brazil maintains a strong trade relationship with the United States, exporting about $41 billion annually, primarily in industrial and agricultural goods. That volume represents roughly 1.7% of Brazil's GDP. "Brazilian industry -- especially manufacturing -- has broken export records to the United States in recent years, underscoring the importance of maintaining a stable trade environment," said Marcos Santos Carena, director of the Business Observer, a consulting firm that operates in Brazil, Colombia and the United States. The announced tariffs could significantly impact several sectors of Brazil's economy. Experts warn that about 40% of the affected exports are manufactured goods with limited potential to be redirected to other markets. The agricultural and agribusiness sectors could be among the hardest hit, as the United States is a key market for products such as coffee and orange juice. One-third of the coffee and half of the orange juice consumed in the United States comes from Brazil, Santos Carena said. Other agricultural exports could also be affected. In the aerospace sector, Embraer -- the Brazilian aircraft manufacturer -- has been identified as one of the companies that could be hit hardest, with sharp declines in its market value. The tariffs could hurt the competitiveness of its exports to the United States. Brazil's steel and aluminum industries are already subject to additional tariffs, and a new 50% levy would make these exports unviable, according to industry representatives. Although the United States accounts for a small share of Brazil's mining exports -- about 4% -- the tariffs could affect sales of gold, natural stones, ornamental rocks, iron ore, kaolin and niobium. Other exports that could be affected include engines and generators, parts for industrial machinery, data processing equipment, measuring instruments, wood and forest products -- such as pulp and fiberboard -- and meat. In a meeting lasting more than four hours at the Palácio da Alvorada on Sunday, Lula convened his cabinet ministers -- including those from finance, industry, agriculture, and foreign affairs -- along with the Central Bank president and Senate leaders to coordinate a response to the tariffs announced by President Donald Trump. Among the agreed measures was the creation of a committee led by Vice President Geraldo Alckmin. The group, which includes business leaders, will bring together affected sectors to develop joint proposals and advise the president before any official announcement. The government pledged to issue a decree by Tuesday outlining legal and technical criteria for triggering countermeasures if the U.S. tariffs take effect Aug. 1, as Trump promised. While officials have not ruled out reciprocal action, Lula's administration said its priority is negotiation, multilateral diplomacy -- through channels such as the World Trade Organization -- and non-tariff solutions.
Malay Mail
06-07-2025
- Business
- Malay Mail
PM Anwar calls on Brics to boost intra-trade, champion fair and just global order
KUALA LUMPUR, July 6 — Prime Minister Datuk Seri Anwar Ibrahim has called for an increase in intra-Brics trade and for the grouping to emerge as a strong and principled force, grounded in equity, mutual respect, and a shared commitment to shaping a more balanced and just international order. Lamenting unilateral tariff measures and protectionist policies, Anwar expressed confidence that Brics, which today accounts for nearly 40 per cent of the global economy, holds vast potential to boost trade within the informal grouping. 'With that collective strength, we can engage the world safely, fairly, and justly, negotiating on equal terms with all partners in the multilateral system,' he said. He further emphasised the need for reform of key international institutions. 'We must demand the transformation of global governance structures, from the United Nations to the World Trade Organisation, the International Monetary Fund (IMF) and the World Bank towards a more democratic and just multilateral order,' he said at the Brics Business Forum entitled: 'Bridging Continents, Building Future: A Shared Agenda for Sustainable Progress' in Rio De Janeiro, Brazil today. Also present were President of Brazil Luiz Inácio Lula da Silva, Vice President of Brazil Geraldo Alckmin and President of the Brazilian Confederation of National Industry (CNI) Ricardo Alban. Anwar firmly asserted that developing countries should no longer be regarded as peripheral players in the global system. 'We are not merely heirs of post-colonial history. We have now risen as a dignified force with our strengths in technology, trade, leadership, and the moral voice of the world,' he said. 'Brics today goes beyond political rhetoric. It is a coalition of political, economic, and civil society forces moving in tandem to demand a more just and equitable global system.' The uniqueness of Brics is highlighted by the active participation of the private sector, women, youth, and civil society, making this struggle not merely an elite discourse but an inclusive and resilient collective movement, said Anwar, who is also the finance minister. As the Chair of Asean, Malaysia shares this aspiration, he added. The Malaysian prime minister said Brics and Asean members must continue to strengthen strategic cooperation, including enhancing cross-regional trade and investment for the shared benefit of developing countries. Brics 2025 is not merely a continuation of past efforts but a moment of renewed awakening. With visionary political leadership, a progressive private sector, and a strengthening Global South solidarity, 'we have a real opportunity to reshape the global landscape,' he added. Anwar also voiced his support for Lula, commending him as one of the few courageous global leaders today to speak on behalf of those who have been left unheard. The Brics group - which serves as a political and diplomatic coordination forum for countries of the Global South with collaboration across diverse sectors - was initially established by Brazil, Russia, India and China. It later expanded with the inclusion of South Africa in 2011, followed by Egypt, Ethiopia, Iran, Saudi Arabia and the United Arab Emirates (UAE) in 2023, and Indonesia in 2024. Malaysia, as well as Belarus, Bolivia, Kazakhstan, Cuba, Nigeria, Thailand, Vietnam, Uganda, and Uzbekistan, were accepted as Brics partner countries. Anwar arrived earlier today to attend the 17th Brics Leaders' Summit hosted by Brazil at the invitation of Lula. He is being accompanied by Minister of Investment, Trade and Industry Tengku Datuk Seri Zafrul Abdul Aziz; Minister of Transport Anthony Loke; Miri member of parliament Chiew Choon Man; and Paya Besar member of parliament Datuk Mohd Shahar Abdullah. — Bernama
