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…
According to a Reuters report, the UK’s Competition and Markets Authority (CMA) is preparing to assign Strategic Market Status (SMS) to Apple and Google by 22 October, a move that would bring tighter regulation over their control of the UK’s mobile ecosystems.This follows a detailed inquiry into the mobile browser…
The Trump administration is broadening its search for partners to build the Golden Dome missile defence system, reaching out to Amazon.com’s Project Kuiper and major defence contractors as tensions with Elon Musk cast doubt over SpaceX’s continued dominance in the program, as per a Reuters report.The pivot marks a strategic…
US President Donald Trump says he’s seriously thinking about getting rid of capital gains taxes on the sale of primary homes, a move that could bring major financial relief to homeowners feeling the pinch of rising property values. The idea lines up with a new bill introduced by Congresswoman Marjorie…
Goldman Sachs is forecasting a notable slowdown in US economic growth, citing the inflationary impact of rising tariffs and the resulting pressure on consumer spending. According to a note to clients from the bank’s chief economist, Jan Hatzius, the firm expects gross domestic product (GDP) to increase at an annual…
A fresh report has surfaced in the latest tender offer from Elon Musk’s SpaceX, suggesting that the billionaire entrepreneur may re-engage in US political advisory roles in the future, reported Bloomberg.According to documents reviewed by Bloomberg and sources familiar with the contents, SpaceX included new language indicating that Musk may…
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…
Recent developments in China’s import landscape and ambitious infrastructure projects are sending ripples through global commodity markets, particularly impacting copper, rare earths, and iron ore. While some shifts signal potential supply concerns, others point to robust demand, prompting analysts to assess the long-term implications.Copper: scrap imports plummet, production remains stableThe global…
Gold prices began the week on an upward trajectory, bolstered by dovish remarks from a prominent figure within the US Federal Reserve. Christopher Waller, a Fed Governor, reiterated his stance that the central bank should initiate interest rate cuts as early as July. He advocated for significant reductions of 125-150 basis points,…