North America’s UAV (drone) market is undergoing a rapid transformation, fuelled by breakthroughs in AI, autonomous flight, and regulatory shifts aimed at reducing dependence on Chinese technology.In a bold move to rebuild the domestic drone sector, the US government is crafting an ambitious industrial policy—echoing the intent of the CHIPS…
Shell announced on Thursday that its second-quarter net profit fell by nearly a third. The decline in profit was primarily due to lower oil prices, weaker gas trading results, and losses from its chemicals operations caused by outages, Reuters said in a report. Despite these setbacks, the company’s profit still significantly exceeded…
Meta Platforms Inc. delivered robust second-quarter results late Wednesday, sending its stock up nearly 12% in early Thursday premarket trading.The Facebook and Instagram parent beat Wall Street estimates on both revenue and profit, underlining the strength of its core advertising business and growing investor confidence in its artificial intelligence strategy.Revenue…
Gold prices have declined further following the initial resolution of the trade disagreement between the EU and the US.Since its April peak of $3,500 per ounce, the gold price has largely fluctuated between $3,250 and $3,450.Gold prices dropped on Wednesday as robust US economic data strengthened the belief that the…
The Bank of Canada (BoC) kept its benchmark interest rate unchanged at 2.75% for a third straight meeting on Wednesday as expected, as it treaded carefully amid global trade tensions. While the immediate danger of an all-out global trade war may have receded, confusion regarding US trade policy still looms…
Morgan Stanley has published an update to its Latin American model portfolio, which incorporates a more diversified approach by boosting exposure to Argentina, while keeping Brazil as its biggest overweight in the region. The bank’s first allocation changes come in a year in which emerging markets saw the largest capital…
The US has slapped sanctions on Brazilian Supreme Court Justice Alexandre de Moraes, citing concerns over his conduct in the criminal proceedings against former President Jair Bolsonaro.This was announced by the US Treasury Department on Wednesday. The sanctions accuse Moraes of overstepping legal boundaries.The Trump administration said that the judge…
In a closely watched decision on Wednesday, the Federal Reserve chose to keep interest rates unchanged while signaling a more cautious view of the US economy, hinting at the potential for rate cuts later in the year.The Federal Open Market Committee (FOMC) voted 9-2 to maintain the benchmark federal funds…
President Donald Trump has announced a 50% tariff on all semi-finished copper products entering the United States, a move that surprised the metals market by excluding refined copper from the scope of the duty. The proclamation, issued Wednesday, will go into effect on August 1, according to a White House…
Pakistan announced a deal with the US that it expects will reduce tariffs on its exports. Meanwhile, President Donald Trump lauded an agreement focused on developing Pakistan’s oil reserves, according to a Reuters report.However, the agreed tariff rate was not mentioned by either party.In an effort to counter China’s regional influence,…