China announced a 34% tariff on American imports, mirroring US President Donald Trump’s latest duties on Chinese goods announced earlier this week.The tariffs are scheduled to take effect on April 10.The Ministry of Commerce issued a statement Thursday morning condemning Washington’s decision and framing the move as a threat to…
The surprising decision of the Organization of the Petroleum Exporting Countries and allies to increase oil production by a hefty amount for May leaves the market better supplied over April-June. However, there is still uncertainty around this. The move by OPEC+ has battered oil prices, with global oil benchmarks declining sharply over…
Nvidia Corp (NASDAQ: NVDA) continues to struggle with gaining upward momentum after President Trump announced new reciprocal tariffs on dozens of countries, including China, on April 2nd.China has already signalled plans of slapping retaliatory tariffs on American goods in response to Trump’s policy change, which may trigger a trade war…
US President Donald Trump’s long-awaited unveiling of his trade plans, dubbed “Liberation Day,” has sent shockwaves through global markets, but what exactly is being liberated remains a subject of intense debate. Is it the US economy from global competition? The US dollar from its position as the world’s reserve currency?…
The global fashion industry is grappling with the fallout from President Donald Trump’s announcement of sweeping new tariffs, the most comprehensive trade restrictions seen in nearly a century. The move, which targets some of the largest apparel manufacturing hubs globally, has sent shockwaves throughout the sector.In a statement from the…
JPMorgan’s chief global economist has issued a stark warning about the potential consequences of President Donald Trump’s aggressive tariff policy, predicting that “There will be blood.”In a research note published Thursday, JPMorgan’s Bruce Kasman, along with a team of company economists, cautioned that the probability of the global economy sliding…
President Trump sent global financial markets tumbling down this week as he announced steep new tariffs on a whole bunch of countries, including a 34% duty on China and 20% on the EU.Amidst the chaos, there are two US based retailers that actually stand to benefit from Trump’s trade policies:…
British Virgin Islands – Bemo, a non-custodial TON-based liquid staking protocol, has launched an upgrade. This release, per the team, introduces a plethora of improvements such as advanced DeFi integrations, more flexible staking/unstaking mechanics, real-time notifications, automatic gas calculation, and a new token standard. It is designed to provide users…
South Korea’s Constitutional Court on Friday upheld the impeachment of President Yoon Suk Yeol, officially removing him from office and setting in motion a 60-day countdown to a new presidential election. The decision followed months of political turmoil sparked by Yoon’s controversial declaration of martial law late last year.Acting Chief…
Binance founder and former CEO Changpeng “CZ” Zhao has partnered with Kyrgyzstan’s National Investment Agency (NIU) to help shape the country’s crypto framework and blockchain ecosystem.On April 3, Kyrgyz President Sadyr Zhaparov announced that the government had signed a memorandum of understanding with Zhao to provide guidance on blockchain tech,…