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Refocus on Asia and Middle East
Haribo Recalls Candy in Netherlands After Cannabis Contamination
Finance Megaphone
May 30, 2025
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Welcome to Finance Megaphone – Your Free Source for Financial News
At Finance Megaphone, we bring you the latest and most relevant updates from the world of finance. Whether it's market trends, breaking news, or insights from industry experts, we’ve got you covered. Stay informed, stay ahead, and make smarter financial decisions with the news that matters most.
Let’s dive into what’s happening in the market today!
HSBC Shuts Down U.S. Business Banking to Refocus on Asia and Middle East
Trump’s Tariffs Face Legal Hurdles Amid Broad Trade Crackdown
Haribo Recalls Candy in Netherlands After Cannabis Contamination Shocks Consumers
HSBC Shuts Down U.S. Business Banking to Refocus on Asia and Middle East
HSBC is closing its U.S. business banking division, impacting about 4,500 clients, as part of its ongoing strategy to simplify operations and strengthen focus on Asia and the Middle East. The UK-based bank will support affected customers during the transition and retain select mid-market and global clients. This move follows HSBC’s earlier exits from U.S. retail banking and M&A operations in the Americas and Europe, along with its $13.5B sale of its Canadian business in 2022, underscoring a broader push to boost profitability through regional consolidation.
Trump’s Tariffs Face Legal Hurdles Amid Broad Trade Crackdown
President Trump’s renewed push to impose sweeping tariffs has sparked legal challenges and economic uncertainty. Using emergency powers under the IEEPA, Trump declared trade deficits and border issues as national emergencies to justify tariffs on countries like China, Canada, and Mexico. However, a federal court recently blocked these tariffs, ruling he exceeded his authority—though the government is appealing. Trump may still levy tariffs under older trade laws, but these require investigations or have strict limits. As courts weigh their legality, tariff revenues—potentially up to $60 billion—hang in the balance, impacting businesses, consumers, and U.S. trade policy.
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Haribo Recalls Candy in Netherlands After Cannabis Contamination Shocks Consumers
Haribo has recalled specific one-kilo bags of its Happy Cola F!ZZ candy in the Netherlands after cannabis was found in several packages, prompting illness in children and adults. Dutch authorities launched an investigation after reports of consumers falling ill, confirming traces of cannabis in some samples. Haribo is urging consumers not to eat products with a best-before date of January 2026, though only three contaminated bags have been identified so far. The recall is limited to the Netherlands, and products in other countries remain unaffected. Dutch police are investigating how the contamination occurred.
some our tweets
Whats happen in finance today
-HSBC exits U.S. business banking to refocus on Asia.
-Haribo recalls candy in the Netherlands over cannabis traces.
-Trump’s tariffs blocked by courts over legal overreach.I wrote about finance every day on my free daily newsletter, link in bio
— Finance Megaphone (@Financemeg_news)
9:15 PM • May 30, 2025
That’s a wrap for this edition of Finance Megaphone.
We hope the insights and updates we’ve shared help you stay informed and ready to take on the market. Remember, knowledge is power, and we’re here to keep you in the know every step of the way. Be sure to check back next edition for more timely news, expert analysis, and the latest trends in the financial world.
Until then, keep investing smart and stay ahead of the curve!