Hong Kong’s postal service has extended its suspension on shipping items containing goods to the United States, even after the US postal administration reversed its temporary ban on parcels from China. The ongoing restriction highlights escalating trade tensions between the two economies, with Hongkong Post citing the need for further…
Russell Vought has been confirmed as the director of the Office of Management and Budget (OMB). The Senate voted 53-47 in favour of Vought, a key figure in President Donald Trump’s economic strategy and one of the architects of Project 2025. His appointment has sparked fierce debate, with Democrats staging…
Oil and gas traders are likely to request tariff exemptions from Beijing, according to a Reuters report. The Chinese government intends to implement these tariffs on US crude and liquefied natural gas (LNG) imports starting February 10. In the escalating trade tensions between the US and China, new tariffs have…
Germany’s federal election on 23 February 2025 is set to be a turning point, not just politically but also for the country’s financial and crypto landscape. With rising political instability and growing debates around digital assets, the election’s outcome could determine whether Germany tightens regulations on Bitcoin and crypto trading…
Cargill has signed a purchase and sale agreement for a 50% investment in SJC Bioenergia, granting it complete control of the Brazilian sugar and renewable energy company, according to a statement. According to Reuters, the US grain trader has not disclosed the financial terms of the acquisition, but they show…
Roblox Corp (NYSE: RBLX) is taking a big hit today after reporting a sequential “decline” in the one metric that matters the most to its investors – average daily active users. The video game platform ended its fourth financial quarter with 85.3 million DAUs, down from 88.9 million in Q3.…
Scientists have made a significant leap forward in understanding turbulence, a chaotic phenomenon observed in natural systems such as moving water, ocean currents, blood flow, and even storm clouds. For over 200 years, physicists have struggled to accurately simulate and predict turbulence, which involves complex fluid movements forming large swirling…
Hungary’s economy is stumbling at a critical time for Prime Minister Viktor Orbán. Inflation is creeping back, wages are struggling to keep up with rising prices, and the national currency is weakening. Consumer confidence has taken a hit, and economists are skeptical about the government’s ambitious growth forecasts. With elections…
Chipotle Mexican Grill Inc (NYSE: CMG) has inched down in recent sessions after its management warned that same-store sales were expected to see some weakness in 2025. The chain of fast-casual restaurants guided for up to 5% annualized growth in comparable sales this year, versus Street at a higher 5.4%.…
A bipartisan group of US lawmakers has introduced legislation to ban federal employees from using the Chinese artificial intelligence chatbot DeepSeek on government devices, citing national security concerns and the potential for data misuse by Beijing. Representatives Josh Gottheimer and Darin LaHood announced the proposed “No DeepSeek on Government Devices…