Trump hits Canada, Mexico, China with high tariffs as trade war intensifies
New 25 percent tariffs on Mexico, Canada imports take effect along with doubling of duties on China goods to 20 percent.
Category Archives: Economy
Trump names 5 cryptocurrencies for national reserve, sending prices soaring
US president says Bitcoin, Ethereum, XRP, Solana, and Cardano will be included in 'Crypto Strategic Reserve'.
As Trump vows ‘no exceptions’ to tariffs, US allies hope to change his mind
Japan, South Korea and Australia are lobbying the mercurial US president for exemptions on tariffs.
Google switches name of Gulf of Mexico to Gulf of America for US users
California-based internet giant says the name of the body of water will depend on location of the user.
Trump is using tariffs as “tool” for specific “objectives”
William Lee talking about President Trump's use of tariffs to gain economic objectives
India cuts key interest rate for first time since 2020 amid slowing growth
Reserve Bank of India announces first rate cut in nearly five years as world's most populous nation faces slowdown.
Google drops pledge not to use AI for weapons, surveillance
Tech giant says in updated ethics policy that it will use AI in line with 'international law and human rights'.
Singapore’s anti-scam law sparks debate about paternalistic governance
The city-state has granted authorities powers to freeze bank accounts to protect suspected scam victims from themselves.
What’s DeepSeek, China’s AI startup sending shockwaves through global tech?
Chip giant Nvidia shed nearly $600bn in market value after Chinese AI model cast doubt on supremacy of US tech firms.
Trump pardons Ross Ulbricht, creator of dark web marketplace Silk Road
Ulbricht was given two life sentences, plus 40 years for running a site that allegedly facilitated $183m in drug sales.
Muckraking financial firm Hindenburg Research to disband, founder says
Renowned short-seller Nate Anderson says his work has been 'intense, and at times, all-encompassing'.
TikTok planning complete US shutdown as ban deadline looms, reports say
Popular video-sharing platform preparing to go fully dark in the US from Sunday, reports say.
Japan’s tourist arrivals hit all-time high as weak currency draws masses
Asian country welcomed record 36.8 million visitors in 2024, tourism agency says.
TikTok users in US flock to ‘China’s Instagram’ ahead of ban
Chinese users of Xiaohongshu welcome influx of Americans, but caution that sensitive topics are off-limits.
US watchdog sues Elon Musk over late disclosure of Twitter stake
US Securities and Exchange Commission says Musk's failure to disclose stake allowed him to underpay $150m for shares.
TikTok says reports of potential sale to Elon Musk are ‘pure fiction’
Video-sharing platform dismisses reports that the Chinese government is considering its sale to Tesla and SpaceX CEO.
Australia’s economy was the envy of the world. Now it’s falling behind
After record-breaking streak of growth, Australia is lagging behind its peers amid cost-of-living and productivity woes.
Meta’s move to end fact-checking reflects turn toward freewheeling internet
Mark Zuckerberg's invocation of 'cultural tipping point' comes as number of fact-checking initiatives has plateaued.
As Trump talks up trade war with China, fears rise for rare earths supply
Beijing dominates the production of critical elements used in the production of electronics, vehicles and weapons.
China’s millionaires eye the exit as economic storm clouds gather
Some 15,200 Chinese millionaires were expected to relocate in 2024, according to Henley & Partners.