Business

US and China reach breakthrough deal to slash tariffs for 90 days

In a significant de-escalation of trade tensions, the United States and China have agreed to sharply reduce tariffs on each other’s goods for 90 days, temporarily halting a conflict that has disrupted global markets and strained the economic relationship...

Nvidia expects $5.5 billion hit as US blocks AI chip exports to China

Semiconductor giant Nvidia expects to take a charge of up to $5.5 billion in its current fiscal quarter after the U.S. government imposed new export restrictions on its H20 artificial intelligence chips, deepening a growing technology rift between Washington...

US–China Trade War: China hits back with 125% Tariff on US goods, calls Trump’s trade policies a “joke”

Beijing announced that it will raise tariffs on American imports to 125% in response to Washington’s recent decision to impose a total of 145% in tariffs on Chinese goods

Turkiye and Pakistan usher in strategic Energy Alliance with Offshore Oil and Gas deal

Türkiye and Pakistan have signed a milestone agreement to jointly pursue offshore oil and gas exploration in Pakistani waters, marking a significant step in expanding Ankara’s global energy footprint and strengthening bilateral cooperation between the two allied nations. The accord...

Global markets plunge as Trump’s tariff war escalates: S&P 500, Dow suffer historic losses

Global stock markets experienced a dramatic downturn on Friday, marking the worst crisis since the COVID-19 pandemic began. In response to President Donald Trump’s latest tariff hikes, China retaliated with its own set of tariffs on U.S. products, propelling the...

Trump announces sweeping tariffs, sparking fears of global trade war and sending global stocks plunging

U.S. President Donald Trump has announced a sweeping set of tariffs aimed at reshaping global trade.

Taiwanese chip giant TSMC to invest $100 billion in US

Taiwan Semiconductor Manufacturing Company (TSMC), the world’s largest chipmaker, has announced a major investment of $100 billion to expand its manufacturing capabilities in the United States.

Trump agrees to pause tariffs on Canada and Mexico for 30 days but not on China

U.S. President Donald Trump has agreed to delay imposing 25% tariffs on Canada and Mexico for 30 days after reaching separate agreements with the two North American neighbors, easing trade tensions. The 30-day reprieve came after both Canada and Mexico...

Global markets slide as Trump announces new tariffs on Canada, Mexico and China

Stocks in Europe and Asia fell sharply after US President Donald Trump imposed tariffs on Canada, Mexico, and China, while also vowing to target the European Union.

OpenAI, SoftBank and Oracle to invest $500 billion in AI infrastructure project in US

American President Donald Trump revealed a new partnership involving OpenAI, Oracle, and SoftBank, which aims to invest up to $500 billion in infrastructure projects related to artificial intelligence.

Latest News

Trump says US-Iran peace deal scheduled to be signed on Sunday

U.S. President Donald Trump said Saturday that a framework agreement aimed at ending the war involving Iran would be...