US President Donald Trump has signed an executive order directing the creation of a US sovereign wealth fund, with plans to potentially acquire TikTok. While details about the fund’s structure and financing remain scarce, Trump’s plan could reshape the way the US approaches national investments and even influence the future…
With Mexico buying itself reprieve from Trump’s tariffs, all eyes are on the outcome of Canada’s dialogue with the US. The United States has postponed imposing tariffs on Mexico for one month following discussions between President Donald Trump and Mexican President Claudia Sheinbaum Monday morning. Trump confirmed the decision after…
US President Donald Trump has agreed to pause the implementation of planned tariffs on imports from Canada for at least 30 days, Canadian Prime Minister Justin Trudeau announced on Monday. The decision comes just hours after Mexico’s President Claudia Sheinbaum also secured a similar pause by committing to measures aimed…
China’s Finance Ministry announced the imposition of 15% tariffs on coal and liquefied natural gas imports from the US, as well as 10% duties on crude oil, agricultural equipment, and certain cars. These tariffs are set to take effect on February 10. This move comes in response to the enforcement…
Asian technology stocks surged on Tuesday as investors responded to former US president Donald Trump’s decision to pause tariffs on Canadian and Mexican exports. The move temporarily relieved market concerns over escalating trade tensions, leading to sharp gains in semiconductor, electronics, and AI-linked stocks across Japan, South Korea, and China.…
Donald Trump’s presidency has always followed two key principles: projecting toughness and keeping opponents off balance. That dynamic was on full display Monday as Trump abruptly shelved his plans for sweeping tariffs on Canada and Mexico, just as he did with Colombia the previous week. The 25% import tariffs on…
Diageo, the spirits maker behind global brands like Johnnie Walker and Tanqueray, announced Tuesday that it is adjusting its strategies due to the ongoing uncertainty surrounding US tariffs. CEO Debra Crew stated that the prospect of tariffs on key supply chain regions, including Canada and Mexico, is expected to complicate…
In a move that escalates the ongoing trade war, China has revealed stringent export restrictions on five metals crucial to multiple sectors including defense, clean energy, and various other industries, according to Reuters. This announcement came mere minutes after US President Donald Trump’s additional 10% tariff on Chinese goods took…
Estée Lauder, a name synonymous with luxury and beauty for nearly eight decades, is facing a critical moment. The company’s upcoming earnings report on Tuesday looms large, a potential turning point for a Fortune 500 giant that has seen its market value plummet by over $100 billion in just three…
Indian Finance Minister Nirmala Sitharaman raised the income tax exemption limit from 0.7 million to 1.2 million rupees as she announced the Union Budget 2025 on February 1st. The new tax regime is broadly expected to result in higher disposable income for the middle class, potentially leading to a meaningful increase in…