Elon Musk, the billionaire chief executive of Tesla Inc (NASDAQ: TSLA) has officially launched a new political movement – the America Party – in a dramatic shift that’s rattling investors and reigniting tensions with President Donald Trump.The announcement, made on Musk’s social platform X, follows his vocal opposition to Trump’s…
US President Donald Trump has announced a sweeping 25% tariff on all imports from Japan and South Korea, set to take effect on August 1, 2025.The move marks a sharp escalation in trade tensions with two of America’s closest allies.Trump revealed the decision on his social media platform, Truth Social,…
Brazil is planning to return to international debt markets in the second half of 2025 after a successful issuance of sovereign bonds earlier this year, Treasury Secretary Rogerio Ceron said on Monday.In February, the nation sold $2.5 billion in dollar-denominated bonds, then returned to the market for another $2.75 billion…
Jack Dorsey, the CEO of Block and co-founder of Twitter, has quietly rolled out a new messaging app called Bitchat and it’s unlike anything out there right now.Built to run entirely over Bluetooth mesh networks, Bitchat doesn’t rely on the internet, servers, phone numbers, or even email. Instead, it lets…
President Donald Trump has stepped up his trade push, announcing that starting August 1, the US will raise tariffs across the board on goods from at least seven countries.In a series of posts on his platform, Truth Social, Trump shared images of signed letters sent to the leaders of Japan,…
On Tuesday, China cautioned the Trump administration against re-escalating trade tensions by re-imposing tariffs on Chinese goods next month. Beijing also threatened retaliation against countries that forge deals with the United States aimed at excluding China from supply chains.The June trade framework between Washington and Beijing established a delicate truce, easing…
Shein has confidentially submitted plans for an initial public offering in Hong Kong as the fast-fashion giant looks to speed up its prolonged listing efforts and push UK regulators to approve a potential London debut, the Financial Times has reported. The Singapore-headquartered company, originally founded in China, submitted a draft…
After three and a half years of total war, Ukraine’s defence tech industry has become the world’s most active battlefield laboratory. It’s producing and deploying defence technologies faster, cheaper, and more creatively than any military in modern history. With $43 billion secured for its defence industry this year, over one million drones…
A wave of shock and regret has rippled across the globe as key US allies and trading partners digest President Donald Trump’s latest tariff letters, which threaten steep new duties on their exports. Despite the unwelcome news, most nations have publicly expressed optimism that ongoing negotiations will ultimately yield more…
Libya’s National Oil Corp (NOC) announced on Monday that agreements have been reached with oil majors BP and Shell. These agreements involve conducting studies for hydrocarbon exploration and development across three Libyan oilfields.Since Muammar Gaddafi’s overthrow in 2011, Libya has been in a state of chaos, making foreign investors hesitant…