Could the very public clash between US President Donald Trump and Tesla CEO Elon Musk already be heading toward a truce?On Thursday, Musk indicated he was ready to cool tensions with Trump, following a volatile day in which he called for the president’s impeachment and implied Trump was hiding files…
What started as a high-profile partnership between a president and the world’s richest man has collapsed into a live-streamed feud. Trump and Musk are now attacking each other through the screens of millions. Threats are being issued through memes. National policy is being argued in posts and polls.The US President is using…
China’s export growth is anticipated to have moderated in May, even as a temporary reduction in US tariffs on Chinese goods offered some respite. Persistent uncertainties stemming from the still-unresolved trade war with the United States and broader concerns about Sino-US relations are believed to have weighed on shipment volumes,…
US aluminium tariffs threaten to trigger a critical shortage of aluminium scrap in Europe, jeopardising secondary production.European Aluminium had also cautioned that increased US tariffs on aluminum might trigger a scarcity of aluminum scrap in Europe, a crucial element for secondary production. This potential shortfall arises because scrap, being less affected…
Russia’s central bank lowered interest rates for the first time in nearly three years on Friday, as inflation shows signs of easing and the country’s wartime economy struggles under the burden of high borrowing costs.The Bank of Russia cut its benchmark interest rate by a full percentage point to 20%,…
Even as peace between Russia and Ukraine remains out of reach, with a ceasefire still uncertain, Canada-based Black Iron is positioning its Shymanivske iron ore project as a cornerstone of Ukraine’s eventual post-war reconstruction. Backed by the US-Ukraine Minerals Development Act and buoyed by strong iron ore prices, the company…
MongoDB Inc (NASDAQ: MDB) rallied more than 15% on Thursday after reporting a strong first quarter and raising its guidance for the full year.The company’s earnings release indicated increased demand from enterprises and startups for modernized software and AI-focused application development.Including today’s gains, MongoDB stock is up some 70% versus…
Tesla Inc (NASDAQ: TSLA) is crumbling under pressure after the US President Donald Trump signalled plans to terminate billionaire Elon Musk’s government contracts and subsidies.“The easiest way to save money in our budget is to terminate Elon’s governmental subsidies and contracts. I was always surprised that Biden didn’t do it,”…
Asian stock markets were set for a downbeat start on Friday, with futures indicating declines across key regional bourses, largely mirroring a weak session on Wall Street. Investor caution is prevalent as global markets await crucial US jobs data, which is expected to provide significant insights into the Federal Reserve’s…
President Donald Trump’s ambitious tax and spending bill, a cornerstone of his administration’s economic agenda, is facing a wave of skepticism and concern from prominent economists and even former allies like Elon Musk. As the legislation, which narrowly passed the House in May, heads to the Senate, its potential to…