US President Donald Trump announced on Tuesday a “massive” new trade agreement with Japan, a deal that includes “reciprocal” tariffs of 15% on the country’s exports to the United States and, crucially, appears to lower the duty on Japanese auto exports to that same level. The announcement, which also includes…
Shares in several major European carmakers rose in early trading on Wednesday, catching a tailwind from a steep rally among their Asian rivals. This wave of optimism was sparked by the news that Japan has struck a significant trade deal with the United States, a development that is now fueling…
European stock markets opened broadly higher on Wednesday, with the pan-European Stoxx 600 index jumping as investors cheered the signing of a major trade deal between the United States and Japan. This development has ignited optimism that a similar agreement could be reached with the European Union, temporarily overshadowing a…
McKinsey has quietly told its teams in mainland China to stop doing any consulting work related to generative AI.The move reflects growing pressure from US officials and rising sensitivity around American firms working with advanced tech in China.According to people familiar with the matter, this wasn’t just a routine compliance…
Hopes for a tariff breakthrough for other major exporters surged on Wednesday, leading to a jump in shares of Europe’s top carmakers. This optimism followed the blockbuster trade agreement reached between the US and Japan.On Truth Social, US President Donald Trump hailed the “massive” trade agreement as “perhaps the largest Deal…
For Aakash Mehra, a Delhi-based graphic designer, life now revolves around his three-year-old Persian cat, Sushi. Whether planning a weekend getaway or creating a grocery list, Sushi’s needs always come first. From grain-free kibble to plush cooling mats in summer, no detail is overlooked.“She’s family,” says the 35-year-old. “I read…
The European Union is readying a sweeping €100 billion ($117 billion) package of retaliatory tariffs on American goods if President Donald Trump follows through on his threat to impose a 30% levy on most EU exports after August 1, as per a Bloomberg report.In the absence of a deal, the…
European stock markets opened broadly higher on Wednesday, with the pan-European Stoxx 600 index jumping as investors cheered the signing of a major trade deal between the United States and Japan. This development has ignited optimism that a similar agreement could be reached with the European Union, temporarily overshadowing a…
Tesco share price has been in a strong bull run in the past few years as it continued to gain market share in the UK retail sector. TSCO stock jumped for two consecutive weeks, reaching a record high of 425p. It has soared by over 230% from its lowest point…
Amidst record-breaking heatwaves gripping large parts of China, the country issued a warning on Wednesday regarding potential power supply disruptions. Authorities also advised the elderly to take precautions against heatstroke as residents struggled to cope with the extreme temperatures, according to a Reuters report.Surge in demandChina is grappling with unprecedented energy…