Textile exporters from India have been on the hunt for new customers in Europe and offering discounts to existing ones in the US in order to minimise the impact from steep US tariffs of 50%, according to a Reuters report. In August, US President Donald Trump significantly increased tariffs on Indian…
On Tuesday, the US and China are set to impose additional port fees on ocean shipping companies. This move will affect the transport of various goods, from holiday toys to crude oil, turning the high seas into a significant battleground in the trade war between the world’s two largest economies, Reuters…
Google plans to invest $15 billion over the next five years to establish an artificial intelligence data center in the southern Indian state of Andhra Pradesh, marking its largest-ever commitment in the country.“This is the largest AI hub we are going to be investing in anywhere in the world outside…
Discussions around the topic of whether we’re in an AI bubble have been going on for more than three years now. Every time some major news is reported, the same question resurfaces. Is this all just hype?Recently, a handful of companies have been spending on AI at a pace that…
UK unemployment climbed to its highest level since May 2021 as hiring weakened and wage growth lost momentum, signalling a softening labour market ahead of next month’s budget.The data, released on Tuesday by the Office for National Statistics (ONS), showed that employers are stabilising after months of job cuts triggered…
Shares in French tyre maker Michelin plunged more than 9% on Tuesday after the company sharply cut its full-year profit outlook, citing deteriorating market conditions and a steep fall in North American sales.The stock fell 9.3% to €26.01 in early European trade, heading for its biggest single-day drop since the…
The dramatic price increase in the copper market is not as dire as it seems. The copper prices dropped about $500 per ton on Friday after US President Donald Trump threatened to impose additional tariffs of 100% on China, starting next month. “A renewed escalation of the trade conflict would significantly impact…
Germany is mulling over a major economic reform as it announced plans to allow pensioners to earn up to €2,000 per month without paying income tax.The new measure, which is set to take effect from next year, is expected to benefit millions of retirees nationwide, who look at financial uncertainties…
Dow futures plunged over 360 points on Tuesday, reflecting a cautious mood on Wall Street ahead of the start of Q3 earnings.The renewed US-China tensions seem to be also weighing on the market sentiment, as nothing really came out of US President Donald Trump’s assurances around mending ties with China.Overnight,…
Google plans to invest $15 billion over the next five years to establish an artificial intelligence data center in the southern Indian state of Andhra Pradesh, marking its largest-ever commitment in the country.“This is the largest AI hub we are going to be investing in anywhere in the world outside…