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Wed, Dec 17, 2025 04:33 AM All times are UTC

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U.S. Pushes India to Cut Auto Tariffs as Trade Deal Talks Progress

Mar 06, 2025 11:54 am UTC| Politics Economy

The United States is pressuring India to eliminate high import tariffs on cars as part of an upcoming trade deal, but India remains hesitant to slash duties to zero immediately. The negotiations, which could open doors for...

U.S. Targets China’s Shipping Dominance with New Tariffs and Shipbuilding Boost

Mar 06, 2025 11:54 am UTC| Politics Economy Governance

The U.S. is set to impose fees on Chinese-made ships entering its ports and introduce tax incentives to revive domestic shipbuilding, aiming to curb Chinas influence over the $150 billion global shipping industry. A draft...

Oil Prices Surge as U.S. Tariff Concessions Boost Market Sentiment

Mar 06, 2025 11:53 am UTC| Economy Business Politics

Oil prices rebounded in Asian trading on Thursday after hitting multi-year lows, driven by U.S. tariff concessions that lifted market sentiment. Brent crude futures for May rose 0.5% to $69.66 per barrel, while West Texas...

Indian Steel Prices Set to Drop as U.S. Tariffs Reshape Global Trade

Mar 06, 2025 11:52 am UTC| Economy

Indian steel mills are bracing for a significant price drop as U.S. import tariffs on steel and aluminum take effect on March 12, reshaping global trade flows. SP Global estimates steel prices in India could decline by...

South Korea’s Inflation Slows in February, Easing Pressure on Policymakers

Mar 06, 2025 11:51 am UTC| Economy

South Koreas consumer inflation eased for the first time in four months, offering some relief to policymakers eyeing further monetary easing. According to Statistics Korea, the consumer price index (CPI) rose 2.0%...

Australia’s Trade Surplus Rises in January, But Misses Expectations

Mar 06, 2025 11:51 am UTC| Economy

Australias trade surplus grew in January but fell short of forecasts, as steady imports countered a surge in exports driven by rising gold demand. According to the Australian Bureau of Statistics, the trade surplus rose to...

Trump’s Auto Tariff Delay Lifts Stocks as Investors Eye Jobs Report

Mar 06, 2025 11:44 am UTC| Economy

U.S. stock futures were little changed Wednesday evening after Wall Street rallied on President Donald Trumps decision to grant a one-month exemption on new 25% auto tariffs for imports from Mexico and Canada. SP 500...

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Economy

Asian Currencies Trade Sideways as Dollar Weakens Ahead of Key U.S. Data

Most Asian currencies traded within a narrow range on Tuesday, while the U.S. dollar remained under pressure as investors stayed cautious ahead of several crucial U.S. economic indicators, starting with the nonfarm...

Australian Consumer Sentiment Slumps in Early December as Inflation Fears Resurface

Australian consumer sentiment weakened sharply in early December, according to a private survey released on Tuesday, highlighting growing concerns about inflation and the broader economic outlook. The latest...

Wall Street Futures Slip as Tech Stocks Struggle Ahead of Key US Economic Data

Wall Street futures edged lower on Monday evening as technology stocks remained under pressure following several weak sessions, while investors turned cautious ahead of critical US labor market and inflation data. Market...

Bank of Japan Poised for Historic Rate Hike as Inflation Pressures Persist

The Bank of Japan (BOJ) is widely expected to raise interest rates to 0.75% at the conclusion of its two-day policy meeting on Friday, marking the highest level in more than 30 years and closing the year with two rate...

New Zealand Budget Outlook Shows Prolonged Deficits Despite Economic Recovery Hopes

New Zealand has released updated financial forecasts showing the government is unlikely to return to a budget surplus over the next five years, as weak economic conditions continue to outweigh strict fiscal discipline. The...

Politics

European Leaders Tie Ukraine Territorial Decisions to Strong Security Guarantees

European leaders have agreed that any decisions regarding potential Ukrainian territorial concessions to Russia can only be considered once strong and credible security guarantees are firmly in place, according to a joint...

Taiwan Political Standoff Deepens as President Lai Urges Parliament to Withdraw Disputed Laws

Taiwans political crisis has intensified as President Lai Ching-te warned that the islands global credibility and economic competitiveness are at risk, urging parliament to withdraw a series of controversial laws opposed...

Trump Weighs Reclassifying Marijuana as Schedule III, Potentially Transforming U.S. Cannabis Industry

U.S. President Donald Trump said he is considering an executive order to reclassify marijuana as a less dangerous drug, a move that could significantly reshape federal cannabis policy and the broader marijuana industry. If...

Sydney Bondi Beach Shooting Sparks Calls for Stronger Protection of Jewish Community in Australia

Israels ambassador to Australia has urged the federal government to strengthen protections for Jewish communities following a deadly mass shooting at a Hanukkah festival near Sydneys Bondi Beach. The attack, which occurred...

European Leaders Launch International Claims Commission to Compensate Ukraine for War Damage

European leaders, including Ukrainian President Volodymyr Zelenskiy, are gathering in The Hague to launch a new International Claims Commission aimed at compensating Ukraine for hundreds of billions of dollars in damage...

Science

Senate Sets December 8 Vote on Trump’s NASA Nominee Jared Isaacman

The U.S. Senate Commerce Committee announced it will vote on December 8 on President Donald Trumps renewed nomination of private astronaut and tech entrepreneur Jared Isaacman to lead NASA. Isaacman, known for his...

NASA Cuts Boeing Starliner Missions as SpaceX Pulls Ahead

NASA has significantly scaled back Boeings Starliner program after years of technical issues and delays, announcing that the next Starliner mission to the International Space Station (ISS) will fly without astronauts. The...

Blue Origin’s New Glenn Achieves Breakthrough Success With First NASA Mission

Blue Origins massive New Glenn rocket marked a major milestone as it completed its first mission for paying customers, sending two NASA satellites toward Mars and successfully landing its reusable booster at sea. The...

Cogent Biosciences Soars 120% on Breakthrough Phase 3 Results for Bezuclastinib in GIST Treatment

Cogent Biosciences (NASDAQ: COGT) shares skyrocketed over 120% after the biotech company announced groundbreaking results from its Phase 3 PEAK trial evaluating bezuclastinib in combination with sunitinib for patients with...

Trump and Merck KGaA Partner to Slash IVF Drug Costs and Expand Fertility Coverage

U.S. President Donald Trump and German pharmaceutical company Merck KGaA have announced a groundbreaking deal aimed at lowering the cost of in-vitro fertilization (IVF) treatments while boosting access to fertility care in...

Technology

SUPERFORTUNE Launches AI-Powered Mobile App, Expanding Beyond Web3 Into $392 Billion Metaphysics Market

SUPERFORTUNE, a web3 AI application incubated by Manta Network, has launched its first mobile application, expanding beyond crypto-native users into the global consumer market. The SUPERFORTUNE mobile app delivers...

iRobot Files for Chapter 11 Bankruptcy Amid Rising Competition and Tariff Pressures

iRobot, the company behind the popular Roomba robotic vacuum cleaner, has filed for Chapter 11 bankruptcy protection in the United States as it prepares to go private through an acquisition by Picea Robotics, its primary...

Nvidia Weighs Expanding H200 AI Chip Production as China Demand Surges

Nvidia is evaluating whether to expand production capacity for its powerful H200 artificial intelligence chips after demand from Chinese customers significantly exceeded current supply, according to multiple sources...

SpaceX Begins IPO Preparations as Wall Street Banks Line Up for Advisory Roles

SpaceX has reportedly begun the early stages of preparing for a potential initial public offering (IPO), marking a significant milestone for the private aerospace company founded by Elon Musk. According to a report from...

SpaceX Insider Share Sale Values Company Near $800 Billion Amid IPO Speculation

SpaceX, the aerospace company founded by Elon Musk, has reportedly authorized an insider share sale that places its valuation at approximately $800 billion, according to a Bloomberg News report published Friday. The move...