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Trump threatenes a 200% tariff on Chinese magnets if exports to the U.S. don’t increase
Donald Trump on Monday warned that the U.S. could slap a 200% tariff on Chinese magnets if Beijing doesn’t increase shipments to American industries. Speaking to reporters, Trump said , “We have to ch...
Trump met South Korean President Lee Jae Myung to talk trade, shipbuilding, and North Korea
Donald Trump met South Korean president Lee Jae Myung on Monday at the White House, just weeks after both countries struck a last-minute trade deal. Trump opened the talks by saying the U.S. is behind...
Lagarde downplays tariff risk, says euro zone firms will adapt
Higher U.S. tariffs will not knock the euro zone off course, ECB’s President Christine Lagarde said, arguing the bloc is on the cusp of a recovery and that the growth hit from new levies will be small...
US banks lobby to amend GENIUS stablecoin Act, citing $6.6 trillion risk
The first official US stablecoin law, known as the GENIUS Act, is already facing pushback from major banking groups that argue some provisions could destabilise the traditional financial sector. Passe...
Nvidia's heads into earnings week with high expectations after sustained AI dominance
Nvidia’s second-quarter earnings, due this Wednesday, will land exactly two years after the AI boom kicked the company into a new era. Back in late 2022, when OpenAI launched ChatGPT, Nvidia was mostl...
Switzerland to pause all U.S.-bound shipments from August 26 over tariffs
Switzerland will stop shipping parcels to the United States starting August 26, after new U.S. tariff rules stripped a key exemption that had allowed small foreign packages to enter the country duty-f...
Thailand’s exports jumped 11 percent in July
Thailand’s exports rose in July and beat expectations as buyers rushed orders ahead of new U.S. duties, the Commerce Ministry said on Monday. Officials warned the pace would cool for the remaining par...
UK AI industry relies on natural gas to power its data centers
The UK AI sector is temporarily turning to fossil fuels while trying to secure sufficient and stable power to run the data centers needed to support the technology in the country. Technology firms hav...
Global stocks slow down as BTC, ETH, dollar, and gold cool off
Global stocks cooled off sharply on Monday as investors paused after Friday’s blowout rally and turned their focus to Nvidia’s earnings. U.S. futures for the Dow dropped by 99 points, or 0.2%. The S&P...
SpaceX scrubs Starship test launch over liquid oxygen leak
SpaceX called off a major test flight of Starship on Sunday, less than 30 minutes before liftoff, after discovering a problem with its ground support equipment. The rocket, the most powerful ever buil...
Guangdong faces weak growth as US-China trade strains bite
Once an economic hub, Guangdong now shows the strain of China’s shifting economy, with shut-down factories and quiet streets reflecting a wider slowdown across the southern export hub. The United Stat...
Eric Trump explains how Wall Street pushed his family toward crypto
Eric Trump didn’t wake up one day and decide crypto was cool. He said his family was forced into it after banks shut them out without warning. Speaking to The Wall Street Journal , Eric repeated that ...