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The stock market surged after the U.S. and China agreed to temporarily slash tariffs
The European Union has said it’s not in talks with China to reach an trade deal. “There’s no direct contact between the EU and China at this stage,” it added. Earlier, US President Donald Trump had threatened to impose tariffs on $300 billion in Chinese goods if the two countries couldn’t reach a trade deal…
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There are tensions between the US and China over Trump’s tariffs
US and China began their first round of trade talks in Geneva on Saturday, amid a trade war that has led to import disruption across both the US and China. US Trade Representative Robert Lighthizer and China’s General Office of the Commerce Minister Gao Hucheng started the talks in Geneva. US tariffs on $34 billion…
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Apple is not concerned about the tariffs
Apple has said that it’ll comply with the court’s order and “will appeal” the decision which allows it to eliminate App Store’s fees for developers who want to sell their apps. “We will comply with the court’s order and we’ll appeal,” Apple said. This comes after a US-based judge ruled that developers can’t be forced…
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Apple seems to be okay with Trump’s tariffs
A Harvard Business School professor has said Apple’s valuation is at risk in a breakdown of the US and China. A drop in Apple’s value would ripple through the stock market, which means for each dollar invested in the fund, about 6% goes to Apple stock, David Yoffie said. The professor is one of the…
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Why the search engine trial is about artificial intelligence
Perplexity’s CEO James Turley told a court that his company lost deals with manufacturers and mobile carriers over Google’s actions. “It’s impossible for us to stay in the business without Google’s search index and data,” Turley said, adding they tried to build their own AI from Google’s data. This comes after the US Department of…
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The call was made by Trump after Bezos was reported to be posting products’ import charges
Amazon has announced that it’ll begin showing US tariffs next to prices of items being sold in the country. The decision comes after US President Donald Trump’s administration imposed tariffs on $50 billion worth of Chinese goods. White House Press Secretary Sarah Huckabee Sanders said she spoke to the President about Amazon’s announcement, adding that…
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Donald Trump issued an executive order toexpedite deep sea mining
The Metals Company, a Canadian mining company, has expressed interest in applying for a Permit to Mine the seafloor through US. It said it would seek a permit from the Trump administration. The Metals Company said they had already met with officials at the White House and planned to apply to the US for permits…
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The crusade against offshore wind is getting more serious
The US President Donald Trump’s administration has issued a stop work order on the fully federally permitted Empire Wind 1 offshore project in Massachusetts. “Preventing a permitted and financing energy project from moving forward sends a clear message to all businesses…that their investment in the US is not safe,” Oceantic Network’s CEO Liz Burdock said.
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Mark was the one who took the stand
Meta, which is facing a lawsuit by the US Federal Trade Commission over alleged anti-competitive practices, has said that all of its major apps are free and rival apps also do not charge. It further said that the quality of its apps has improved on every objective measure. The FTC is seeking to break up…
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For Republicans, there is a risk associated with tariffs
US President Donald Trump in his annual letter to investors said, “No reason we have to price in a recession.” His comments came after Jamie Dimon, the CEO of JPMorgan Chase and Bank of America, wrote that tariffs might lead to inflation and a recession. Dimon’s comments come as over 50 governments have reached out…
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Nintendo of America president stated that the launch of the Switch 2 may be complicated by Trump’s tariffs
Nintendo President Doug Bowser has said the added tariffs on Japanese exports will affect the launch of Nintendo Switch 2 in US. “We have nothing further to say in regards to pricing at this time, as we are in the process of assessing what impact may be,” Bowser said. “We are in the process of…
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The 25% car tariffs have been met by the auto industry
Volvo CEO Hkan Samuelsson told Bloomberg that the Swedish automaker is thinking about boosting its US-based production, including bringing new models to the factory it operates in Ridgeville, South Carolina. Earlier, Volvo had said it would pass on the cost of tariffs along to its customers, adding that it was likely to pass the cost…
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The iPhone has a hard spot caused by Trump’s tariffs
US President Donald Trump’s tariffs on imported steel and aluminium, which take effect on April 9, could cause car manufacturers to raise prices in the country. BMW has said that it will hold its vehicles assembled in Mexico and overseas at US ports until further notice. Other automakers such as Nissan, General Motors and Ford…
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The Nintendo Switch 2 era comes with a price
Steve Jackson Games, the board gamemaker, has said that the tariffs announced by US President Donald Trump will be “seismic shift” for the auto industry. He added that it will be a “debacle of epic proportions” for the auto industry. Trump announced the tariffs on a number of US trade partners, including Mexico, Canada and…
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The US stock market suffered huge losses on trade war fears
US stocks fell on Wednesday after President Donald Trump said he will impose tariffs on $300 billion of Chinese imports. The Dow Jones index fell over 800 points, or 2.84%, to end the day at 26,502. Meanwhile, the broader S&P 500 index fell over 70 points, or 2.37%, to finish at 2,863. The Nasdaq fell…
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Experts blame Musk for the decrease in sales
Tesla’s first-quarter profit fell by 60% year-over-year to $323 million due to lower sales of electric vehicles. The electric carmaker’s total revenue in the April-June period fell by 34% to $3.7 billion, compared to the same quarter last year. Tesla also reported its first-ever net loss of $379 million for the quarter, compared to a…
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Blue Ghost private lander is on the moon
Firefly Aerospace’s Blue Ghost lander has become the first-ever commercial spacecraft to successfully landed on the Moon. It aims to spend two weeks conducting research experiments provided by NASA. Blue Ghost is a two-metre-high robot, built by Firefly Aerospace of Texas, that will conduct experiments on the Moon’s surface.
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Thomson is the first to win a major case in the US
A US judge has ruled that billionaire investor Wilbur Ross’ use of Westlaw headnotes was a “fair use” of copyright-protected content. Thomson Reuters, which had sued Ross for copyright infringement, had alleged that the use infringed its own copyright. The judge said that Ross’s use of copyrighted material affected market for the original work’s value…
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USPS Halts all packages from China to the United States
The de minimis treatment may no longer be available in the US, after President Donald Trump signed an executive order prohibiting the treatment of products made in China. “De minimis is a Latin term denoting something that is ‘trifling or of little importance’,” according to US International Trade Commission. However, Temu and SheIn accounted for…
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Market research shows U.S. cannabis shoppers are more likely to buy illegal weed
A US-based medical marijuana producer has said that the US’ lack of enforcement of the industry “puts guardrails in place”. Justin Singer said, “People assume it’s safe because state enforcement puts guardrails in place.” Earlier, the head of enforcement for the California Department of Cannabis Control had said there’s going to be mold in the…
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Product safety is not guaranteed even where weed is legal
Justin Singer, founder of edible cannabis brand Ripple, said that he has become increasingly concerned about the state of enforcement of the industry and what that means for the safety of the marijuana supply. Singer said that he would be worried about a number of issues, even if he was getting alcohol or cannabis from…
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Trump tariffs take effect as China targets the US for coal, gas, and more
US-based automakers have criticised President Donald Trump’s decision to impose tariffs on $50 billion worth of imports from Canada, China and Mexico. They added that the move would adversely impact their business. Autos Drive America, an industry group representing international automakers, said, “We urge all parties to reach a swift resolution in order to provide…
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Howard Lutnick is Trump’s pick for Commerce Secretary
Howard Lutnick, the billionaire CEO of financial services firm Wall Street, said he believes China should be hit with the highest tariffs. He added that Europe, Japan and South Korea had treated US industries unfairly. “We’ll be announcing the tariffs on Canada and Mexico for a number of reasons,” he said. The Trump administration plans…
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China created an Artificial Intelligence model that astounded the world
China’s state-run automaker BYD built more electric vehicles in 2024 than Tesla did, a media report said. BYD built more electric vehicles than Tesla in 2024, it added. BYD also plans to increase the number of its electric vehicles sold across the world to 20 million by the year-end, the report further said.
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Service providers risk billions of dollars in penalties if they bring it back online
TikTok has been banned in the US until it is sold to a non- Chinese company. Companies will not face fines if TikTok is allowed to continue. Companies would likely have a strong due process defence given US President Donald Trump’s promises not to enforce the ban, reports said. If TikTok users supported the ban,…