Ursula von der Leyen (CDU, r), President of the European Commission, stands in the plenary chamber of the European Parliament. Philipp von Ditfurth | Picture Alliance | Getty Images The European Union plans to retaliate against the United States for new steel and aluminum tariffs. “Unjustified tariffs on the EU will not go unanswered—they will … Read more
United States President Donald Trump has slapped 25 percent tariffs on all steel and aluminium imports in his latest push to reshape an international trading order that he claims is unfairly stacked against US manufacturers and workers. Signing a series of executive orders to impose the tariffs on Monday, Trump said that US industry has … Read more
U.S. Treasury yields were higher on Friday following the release of key January jobs data. The 10-year Treasury yield rose about four basis points to 4.475%. The 2-year Treasury yield was last at 4.252% after rising by four basis points. Yields and prices move in opposite directions. One basis point is equivalent to 0.01%. The … Read more
Announcement comes as US President Donald Trump confirms he is considering eliminating the aid agency. The administration of United States President Donald Trump has ordered nearly all directly-hired staff of the US Agency for International Development (USAID) to be placed on leave as part of the Republican’s drive to radically shrink the government. USAID said … Read more
The case is part of a grudge match between Musk and OpenAI CEO Sam Altman which is playing out in court. A United States federal judge has said that parts of Elon Musk’s lawsuit against OpenAI to halt its conversion to a for-profit entity might go to trial, adding that the Tesla CEO will have … Read more
Partnership will allow South Korean tech firm to use ChatGPT for its artificial intelligence services. OpenAI chief Sam Altman has inked a deal with South Korea’s tech giant Kakao as the California-based firm seeks new alliances after Chinese rival DeepSeek shook the global AI industry. Kakao, which owns an online bank, South Korea’s largest taxi-hailing … Read more
United States stocks are at their lowest level since President Donald Trump was sworn in two weeks ago, and other global financial markets slumped after he ordered tariffs on Canada, Mexico and China while world leaders responded to his threats to expand tariffs to the European Union as well. The benchmark S&P 500 on Monday … Read more
A person buys products at a Mercadona store in Lisbon, Portugal, on January 25, 2025. Luis Boza | Nurphoto | Getty Images The euro zone economy accelerated to a hotter-than-expected 2.5% in January on an annual basis, flash data from statistics agency Eurostat showed Monday. Economists polled by Reuters had expected the January inflation print … Read more
Elon Musk has declared that the United States Agency for International Development (USAID) should “die” amid reports that two top security officials at the aid agency were put on leave for refusing his representatives access to classified materials. Musk, who was appointed by US President Donald Trump to lead the Department of Government Efficiency (DOGE), … Read more
The United States has imposed stiff tariffs on imports from Mexico, Canada and China, prompting swift retaliatory measures from the country’s North American neighbours. US President Donald Trump signed three separate executive orders on Saturday, imposing 25 percent on goods from Canada and Mexico, and 10 percent on all imports from China. But energy imported … Read more