Here are some of the latest business news updates:

Global Economic Developments

• Turkey's Central Bank Rate Cut: Turkey's central bank has lowered its key interest rate by 2.5 percentage points, following a slowdown in inflation. This move aims to support economic growth by reducing borrowing costs2.

• European Central Bank Rate Cut: The European Central Bank has also cut interest rates by a quarter percentage point to support economic growth in the face of potential trade war threats2.

Corporate News

• Seven & i Sells Retail Business: Japan's Seven & i is selling its supermarket assets to Bain Capital for approximately $5.4 billion. This deal marks a significant shift in the retail landscape2.

• Apple's New iPad Air: Apple has announced new iPad Air models, which are lighter and thinner than previous versions. These will be available on March 123.

Market Trends and Consumer Spending

• Retailers Adjust Expectations: Major retailers are taking a cautious approach with their financial forecasts due to signs of a pullback in consumer spending2.

• 401(k) Balances Rise: Despite economic uncertainties, 401(k) retirement account balances have reached the second-highest average on record in the final quarter of 20243.

Trade and Tariffs

• Tariff Impacts: New tariffs are expected to raise prices for various products, including gasoline, avocados, and iPhones. China has also imposed additional tariffs on U.S. farm exports in response to U.S. tariffs23.

• Canadian Pub Protests Tariffs: A Canadian pub owner is boycotting U.S. products in response to tariff tensions, highlighting the impact on businesses4.