U.S. President Donald Trump said on Friday that concerns over national security risks posed by Nippon Steel’s $14.9 billion bid for U.S. Steel can be resolved if the companies fulfill certain conditions that his administration has laid out, paving the way for the deal’s approval. Shares of U.S. Steel rose…
US stocks have recovered significantly over the past two months from the initial plunge catalyzed by the Trump administration’s tariff policy. S&P 500 currently sits some 20% above its April low.However, following the recent rally, the benchmark index looks “statistically expensive relative to its own history on all 20 of…
US stocks have recovered significantly over the past two months from the initial plunge catalyzed by the Trump administration’s tariff policy. S&P 500 currently sits some 20% above its April low.However, following the recent rally, the benchmark index looks “statistically expensive relative to its own history on all 20 of…
Procter & Gamble will cut 7,000 jobs, or roughly 15% of its non-manufacturing workforce, as part of a two-year restructuring program. The layoffs by the consumer goods giant come as President Donald Trump’s tariffs have led a range of companies to hike prices to offset higher costs. The trade tensions…
Iran will not be participating in the nuclear negotiations with the United States scheduled on Sunday, the country announced on state television on Friday in the wake of Israel’s airstrikes on Iran’s nuclear program and ballistic missile sites this morning.Iran has also launched retaliatory attacks with Israel claiming the country has…
The European Commission announced on Friday that European Union countries would need 241 billion euros ($278 billion) in investments to expand nuclear energy. The Commission also stated that new funding instruments would be necessary to mitigate the substantial financial risks for private investors, according to a Reuters report.Expanding capacity and lifespanThe…
India’s aviation regulator has directed Air India to carry out safety inspections on its Boeing BA 787-8/9 fleet, an order showed on Friday, Reuters said. “As a preventive measure DGCA hereby directs M/s Air India to carryout following additional maintenance actions on B787-8/9 aircrafts equipped with Genx engines with immediate effect in…
Latin America’s crypto scene continues to evolve, with new products and regional expansions highlighting its rapid growth.This week’s most notable news is that Brazil has proposed a new regulation to bring cryptocurrencies under financial market tax rules. On the other hand, stablecoins such as USDT are increasingly being used in Bolivia in daily…
Occidental Petroleum Corp (NYSE: OXY) is inching higher this morning after Israel launched an airstrike on Iran, resulting in a meaningful increase in oil prices.Brent crude gained as much as 7.0% today following reports that Israel’s attack has killed senior Iranian officials, sparking fears of broader regional escalation.This new wave…
Brazil’s service sector grew for the third straight month in April, fueled in part by strong transport demand associated with Lady Gaga’s giant concert in Rio de Janeiro, the national statistics agency IBGE said Friday.Gaga’s free show on Copacabana Beach on May 3 that attracted an estimated 2.1 million fans appears to…