Business news today captured an economy being reshaped by both policy and pressure. Washington is pressing ahead with 25% tariffs on selected Brazilian imports from July 22, citing unfair trade practices while sparing products like coffee, beef and orange juice, a reminder that even aggressive trade moves are often carefully calibrated. In Britain, the picture was more subdued, with GDP inching up just 0.1% in May after an April dip, underscoring how fragile growth remains amid higher energy costs and wider geopolitical strain. Those tensions were also visible in shipping, as India told companies not to deploy its seafarers on Strait of Hormuz routes because of escalating security risks. At the corporate level, Verizon is accelerating its cost-cutting overhaul by selling 274 stores and cutting thousands of jobs, while at the Fed, former RBI chief Raghuram Rajan joins a policy rethink with implications far beyond the US.