US President Donald Trump has doubled tariffs on Indian goods to 50% as a punishment for India’s purchase of Russian oil. This move has exacerbated the dispute between India and this important Asian partner and sparked anger in New Delhi. The White House said on Wednesday that Trump signed an executive order imposing a 25% […]
US President Donald Trump said that he was “very close to reaching a deal” with China to extend the trade truce, with the two sides agreeing to reduce tit-for-tat tariff hikes and ease export restrictions on rare earth magnets and certain technologies. Trump told CNBC in an interview: “It’s not necessary, but I think we’ll […]
Facing the tariff threat from US President Donald Trump, Indian Prime Minister Narendra Modi took a tough stance, urging its citizens to purchase domestic goods, while the Indian government stated that it would continue to buy Russian oil. People familiar with the matter told Bloomberg that the Modi government has not instructed Indian refiners to […]
Despite pressure from the White House, Federal Reserve Chair Powell rejected the arguments of two dissenting officials for a rate cut, insisting that the central bank needs to remain vigilant against inflation risks. The Federal Open Market Committee voted Wednesday to keep interest rates unchanged. This is the fifth consecutive time the committee has voted […]
In the three months ending in June, Australia’s core inflation rate declined, which strengthened the case for the Reserve Bank of Australia to ease monetary policy as early as August if there were signs of easing price pressures. Data released by the Australian Bureau of Statistics on Wednesday showed that the closely watched consumer price […]
Apple has lost its fourth artificial intelligence researcher in a month, who has joined Meta Platforms Inc. This is the latest setback for the iPhone maker’s artificial intelligence efforts. According to informed sources, Bowen Zhang, a key researcher in multimodal artificial intelligence at Apple, left the company on Friday and will join Meta’s newly established […]
US President Donald Trump said that after Thailand and Cambodia agreed to stop conflicts in the disputed border area, the United States would resume trade negotiations with the two countries and take credit for promoting peace between the two countries after threatening to impose punitive tariffs. After five days of fighting, including air strikes and […]
This week, the EU avoided an impending trade war with the US, but the market and a growing number of critical voices dispelled earlier hopes that the deal would bring a sense of stability to transatlantic relations. On Monday, the euro fell by more than 1% against the US dollar, marking its biggest drop in […]
“That’s the third building,” Powell interrupted the president, “built five years ago.” When a reporter asked Trump what he would do if the manager of a construction project he was in charge of exceeded the budget, he replied straightforwardly: “What would I do in general?” Trump said, “I would fire them.” When Trump tapped Powell […]
This week, the United States and Japan reached what President Donald Trump called the largest trade deal in history. But Tokyo’s pledge to set up a $550 billion US investment fund has raised doubts about the feasibility of the deal due to a lack of details, and the agreement has been put forward as a […]