Business

“A Mockery of Agreements”: 700 New US Tariffs Threaten EU/UK Pacts

European exporters are accusing the US of "making a mockery" of their trade agreements as the Commerce Department considers new tariffs on 700 products. This new "steel derivative" list would add taxes on top of the baseline rates the UK and EU already agreed to. The UK's deal, for instance, set a 10% baseline, and the EU's 25%. This new, "rolling" list would impose an...

Google’s ‘AI Supplier’ Strategy Wins Big with $1B Siri Deal

Google's strategy to become a premier "AI supplier" has paid off massively, culminating in a $1 billion-a-year deal with its biggest rival, Apple. Google's Gemini AI will now be the "behind-the-scenes" engine for the new Siri. Apple is using Google's 1.2 trillion parameter model as an "interim solution" for its "Glenwood" project, the internal effort to fix Siri. Google's AI won a "bake-off" against OpenAI...

“Consistent Views”: Norway Fund Again Rejects Massive Musk Payout

Sticking to its principles, Norway's sovereign wealth fund is once again rejecting a massive payout for Elon Musk, citing "consistent views on executive compensation." The...

45% of China’s Russian Oil Imports at Risk from “Buyers’ Strike”

As much as 45% of China's oil imports from Russia are at risk from a new "buyers' strike," according to Rystad Energy AS. This...

$5.05 Trillion: Nvidia’s New Value Redefines Market Limits

Nvidia has officially redefined the limits of the stock market. The chipmaker's valuation hit $5.05 trillion on Wednesday, making it the first company in...

APEC Summit: Trump-Xi to Meet as Tariff Threat Looms

The APEC summit in South Korea will host a critical meeting between President Donald Trump and President Xi Jinping on Thursday, as a new...

Elon Musk Challenges Tesla Shareholders to Choose Between Him and Advisors

During Tesla's earnings call, Elon Musk issued a challenge to shareholders to choose between supporting his leadership or following proxy advisor recommendations against his...

Trump accuses Canada of ‘interference,’ terminates trade talks

President Trump has terminated all trade talks with Canada, accusing the country of "interference" via a "fake" ad featuring Ronald Reagan . "Canada cheated and...

GM Anticipates Stronger Year with Reduced Trade-Related Costs

Reduced trade-related costs are helping General Motors anticipate a stronger year. The automaker's revised guidance projects adjusted core profits ranging from $12 billion to...

Domino Fears Grow as US Bank Woes Follow Other Bankruptcies

Fears of a "domino effect" in the credit market grew as bad loan woes at two US banks followed the recent bankruptcies of Tricolor...

The Great Distortion: How Pre-Tariff Buying Spree Skewed Economic Data

The global economy's recent "unexpected resilience" is a great distortion, skewed by a massive pre-tariff buying spree, a new report has claimed. While this...

The Great Decoupling? Tariff Threat Raises Fears of Economic Split

President Donald Trump's threat to impose 100% tariffs on China is so extreme that it has raised a frightening possibility: is this the beginning...

A Declaration of Intent: OpenAI and AMD’s Deal Is a Bet on the Future of Intelligence

The blockbuster deal between OpenAI and AMD is more than a business transaction; it is a joint declaration of intent to build the future...

Cost of Living vs. Cost of Carbon: UK Buyers Navigate a Complex Choice

UK car buyers are navigating a complex choice, balancing the immediate pressure of the cost of living against the long-term cost of carbon, a...