The US economy faced a dual setback in January, with both retail sales and manufacturing output recording declines. Retail sales posted their largest drop in nearly two years, while manufacturing production unexpectedly contracted, largely due to a sharp decline in motor vehicle output. Retail sales fall amid freezing temperatures and…
Brazilian President Luiz Inácio Lula da Silva has hinted at possible retaliatory measures against US President Donald Trump’s newly imposed steel tariffs, marking a significant escalation in trade tensions between the two nations. Speaking in a radio interview on Friday, Lula criticized the move, stating it would severely impact Brazil’s…
US refiners may be forced to find alternative crude oil sources and could face challenges in maintaining optimal refinery operations due to potential tariffs on Canadian and Mexican crude oil, which would significantly limit their options.The proposed tariffs on Mexican and Canadian energy imports have been delayed until early March,…
The United Kingdom has announced a significant realignment of its artificial intelligence strategy, marked by a partnership with US-based AI firm Anthropic and a revised mission for its AI safety institute. The shift signals a clear prioritization of national security concerns over broader societal risks associated with AI.Less than two…
As Donald Trump starts his second term, his administration’s robust approach to Latin America raises concerns about the economic impact of his latest policies.His new policies, which includes trade tariffs and efforts to regain geopolitical dominance, may have negative effects on the US and its southern neighbours.According to Alejandro Grisanti,…
CrossFi, a prominent innovator in blockchain-based financial solutions, has announced the successful completion of a rigorous Anti-Money Laundering (AML) audit conducted by CityLinkers, a globally respected corporate advisory firm. This achievement underscores CrossFi’s dedication to upholding the highest standards of regulatory compliance and fostering financial transparency within the decentralized finance…
Taiwan Semiconductor Mfg. Co. Ltd. (NYSE: TSM) stands to lose rather significantly as the Trump administration makes good on its commitment to onshoring manufacturing of the world’s most advanced AI chips.As a work around, the Taiwanese behemoth could opt for a joint venture with the US based Intel Corp (NASDAQ:…
DraftKings Inc (NASDAQ: DKNG) is inching up this morning after recording a surprise profit for its fiscal fourth quarter as revenue jumped 13% on a year-over-year basis.But the company’s chief executive, Jason Robins, continues to see further growth ahead in the wake of several tailwinds going into 2025.He raised the…
During his US visit, Indian Prime Minister Narendra Modi met with SpaceX and Tesla CEO Elon Musk to explore expanding technological collaboration between India and the United States. :Prime Minister and Mr. Musk discussed strengthening collaboration between Indian and US entities in innovation, space exploration, artificial intelligence, and sustainable development,”…
Baidu, China’s largest internet search company, announced that it will offer its AI chatbot Ernie Bot for free starting April 1, as competition in the AI sector heats up. The AI service will be accessible at no cost to all users on both desktop and mobile platforms, Baidu said in…