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[Editorial Cartoon] “Tariff Chicken Game” – U.S. and China Speed Toward Economic Catastrophe

Apr 09, 2025 13:35 pm UTC| Economy Insights & Views Market Moving News

Amid rising tensions in the U.S.-China trade war, this weeks editorial cartoon depicts a dramatic chicken game scenario, where two economic superpowers appear locked in a collision course with potentially devastating...

Gold Hits Record High as Investors Eye Fed Chair Powell’s Speech on Tariffs

Feb 11, 2025 04:45 am UTC| Economy Fund Market Moving News

Gold surged to an all-time high above $2,935 an ounce on Tuesday, while the U.S. dollar remained firm and Hong Kong stocks climbed to a four-month peak. Investors are closely watching Federal Reserve Chair Jerome Powells...

IMF Warns Japan of Market Volatility and Interest Rate Risks

Feb 07, 2025 05:25 am UTC| Economy Central Banks Market Moving News

The International Monetary Fund (IMF) has urged Japan to stay alert for potential spillover effects from global market volatility, which could impact liquidity for its financial institutions. The IMF also warned of rising...

Global Currencies Stabilize as U.S. Tariff Uncertainty Persists

Feb 04, 2025 04:49 am UTC| Economy Market Moving News

The Canadian dollar, Mexican peso, and euro held steady against the U.S. dollar on Tuesday following a volatile Monday, where they rebounded from multi-year lows. This came after U.S. President Donald Trump announced a...

Trump to Impose Oil and Gas Tariffs by Feb. 18, Easing Canadian Crude Levy

Feb 01, 2025 02:34 am UTC| Business Politics Market Moving News

U.S. President Donald Trump announced plans to impose tariffs on oil and gas imports, expected to take effect around February 18. While he did not specify which countries would be affected, he indicated that the tariff on...

Key Date for Tariff Policy Changes

Jan 25, 2025 11:32 am UTC| Politics Market Moving News Economy

U.S. President Donald Trump has not implemented tariffs immediately as many anticipated, but Barclays warns markets to remain vigilant, pointing to April 1, 2025, as a pivotal date. According to Barclays, the America First...

Global Currency Shifts After BOJ Rate Hike and Trump's Tariff Comments

Jan 24, 2025 14:04 pm UTC| Economy Market Moving News Central Banks

The yen experienced volatile trading after the Bank of Japan (BOJ) raised interest rates by 25 basis points at its policy meeting, aligning with market expectations. The currency settled at 156 per dollar, with investors...

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Economy

Thailand Nears U.S. Trade Deal, Tariffs Expected Below 36%

Thailands trade negotiations with the United States are expected to conclude before the August 1 deadline, with tariffs likely to come in lower than the previously feared 36%, Finance Minister Pichai Chunhavajira said...

Asia Stocks Slip, Euro Struggles as U.S.-EU Trade Deal Spurs Tariff Worries

Asian markets fell on Tuesday as investors reacted to the U.S.-EU trade deal, which introduced steep tariffs likely to weigh on global growth and inflation. Relief from avoiding harsher measures faded when Europes new 15%...

Pakistan Central Bank Expected to Cut Interest Rate as Inflation Eases

Pakistans central bank is widely expected to reduce its key policy rate by 50 basis points to 10.5% on Wednesday, according to a Reuters poll, as slowing inflation and stronger external reserves create room for further...

Euro Struggles as U.S.-EU Trade Deal Sparks Economic Concerns

The euro remained under pressure on Tuesday following steep losses triggered by a new U.S.-EU trade agreement widely viewed as favoring Washington. France labeled the deal a dark day for Europe, criticizing its 15% tariff...

South Korea Seeks Trade Deal with U.S. to Avert Tariffs Before August Deadline

South Korean Finance Minister Koo Yun-cheol announced on Tuesday that he will push for a mutually beneficial trade agreement with the United States as the August 1 deadline to avoid U.S. tariffs approaches. Koo is set to...

Politics

Trump Open to China Visit at Xi Jinping’s Invitation Amid Rising Trade Tensions

U.S. President Donald Trump signaled on Tuesday that he may visit China later this year but emphasized it would only be at the invitation of Chinese President Xi Jinping, an invitation he said has already been extended....

U.S. Justice Department Files Misconduct Complaint Against Judge James Boasberg Amid Deportation Dispute

The U.S. Justice Department has filed a misconduct complaint against Chief U.S. District Judge James Boasberg, a high-profile Washington, D.C. judge criticized by President Donald Trump. Attorney General Pam Bondi...

Colombia’s Ex-President Alvaro Uribe Convicted in Historic Witness Tampering Case

Former Colombian President Alvaro Uribe was convicted Monday of abuse of process and bribery in a landmark witness tampering case, becoming the first ex-leader in Colombias history to be found guilty at trial. The ruling...

North Korea Rejects U.S. Denuclearization Talks, Cites ‘Changed Reality’

North Korea declared that future negotiations with the United States will not lead to denuclearization, emphasizing that the geopolitical landscape has shifted since past summit meetings. According to state media KCNA, Kim...

Trump Urges Israel to Boost Aid Amid Growing Starvation Crisis in Gaza

U.S. President Donald Trump urged Israel to expand humanitarian aid to Gaza as starvation intensifies, with Gazas health ministry reporting nearly 60,000 deaths from two years of war and 147 from hunger, including 88...

Science

NASA Faces Major Workforce Reduction as 20% of Employees Prepare to Leave

NASA is bracing for a significant workforce reduction, with roughly 20% of its employees expected to leave the agency in the coming weeks. According to a NASA spokesperson, about 3,870 staff members are anticipated to...

FDA Lifts REMS Requirement for CAR-T Cell Cancer Therapies

The U.S. Food and Drug Administration (FDA) has removed the Risk Evaluation and Mitigation Strategies (REMS) requirement for all currently approved CAR-T cell therapies, a move expected to improve patient access to these...

Neuren Pharmaceuticals Surges on U.S. Patent Win for Rare Disorder Drug

Shares of Neuren Pharmaceuticals Ltd (ASX:NEU) jumped over 10% on Thursday after the company announced a key development in its rare disease pipeline. The U.S. Patent and Trademark Office has approved Neurens patent...

CDC Vaccine Review Sparks Controversy Over Thimerosal Study Citation

A presentation on thimerosal, a mercury-based vaccine preservative, set to be delivered to the CDCs advisory committee has come under scrutiny for referencing a non-existent study. The report, Thimerosal as a Vaccine...

SpaceX Starship Explodes in Texas During Test, Citing Nitrogen Tank Failure

SpaceXs Starship spacecraft exploded in a dramatic fireball during a late-night test at the companys Starbase facility in Brownsville, Texas, on June 18, 2025. The 400-foot Mars-bound rocket, a key part of Elon Musks...

Technology

Nvidia Places 300,000 H20 Chip Orders Amid Renewed China Demand

Nvidia (NASDAQ: NVDA) has reportedly ordered 300,000 H20 AI chipsets from Taiwan Semiconductor Manufacturing Company (TSMC) following a surge in Chinese demand, according to multiple sources. This comes after the Trump...

Samsung Shares Dip After Rally on $16.5B Tesla Chip Deal

Shares of Samsung Electronics (KS:005930) fell about 1% on Tuesday, pausing after a strong rally sparked by news of a $16.5 billion chip supply deal with Tesla (NASDAQ:TSLA). The agreement positions Samsung as a key...

Cadence Design to Pay $140M in U.S. Export Violation Case Linked to China’s Military University

Cadence Design Systems will plead guilty and pay over $140 million to settle U.S. charges of illegally exporting chip design software and hardware to a Chinese military-linked university, the Justice Department announced...

Tesla Inks $16.5B Chip Deal with Samsung for Next-Gen AI6 Production in Texas

Tesla (NASDAQ:TSLA) CEO Elon Musk announced a $16.5 billion chip supply agreement with Samsung Electronics (KS:005930), a move that could revitalize Samsungs struggling contract chip manufacturing business. The deal sent...

Samsung Secures $16.5 Billion Semiconductor Deal in Major Foundry Win

Samsung Electronics announced on Monday that it has signed a $16.5 billion contract to supply semiconductors to a leading global corporation, marking one of its largest chip manufacturing deals to date. The agreement,...