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The rise in trade crime is a result of Trump’s tariffs
US-based automotive parts maker Plews warned that it may be dodging tariffs by manipulating the information about the shipments that is given to the US government to qualify for a lower tariff rate. This comes after the US announced a pause on most of those tariffs, announced by the country and China. This comes as…
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Microsoft has been denounced by Brian Eno for its ties to the Israeli government
Microsoft employees have been unable to send emails with terms like ‘Palestine’, ‘Gaza’ or ‘Genocide’ in the subject line. This comes amid criticism over Microsoft’s business dealings with the Israeli government. The No Azure for Apartheid protest group reports that “dozens of Microsoft workers” have been unable to send emails with the words “Palestine,” ‘Gaza’…
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Retailers are under pressure to eat the price increases
American home improvement chain Home Depot’s CEO Carol Meyrowitz has said a tariff on some of the company’s high-energy products could lead to some product choices being changed. Meyrowitz said the decision was taken based on “multiple considerations” while adding that some customers may now have to pay more. Earlier, US President Donald Trump criticised…
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The US and China have agreed to temporarily reduce tariffs
The US and China on Monday announced that they have agreed to a 90-day ceasefire in the ongoing trade war between the two countries. US President Donald Trump had earlier paused the tariffs on other countries for 90 days, saying more than 75 nations had reached out about seeking deals with the US. The latest…
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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…