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Trump Eyes Powell's Dismissal Over Fed HQ Renovation Costs Amid Rising Criticism

Jul 13, 2025 23:53 pm UTC| Politics Economy

U.S. President Donald Trump may seek to fire Federal Reserve Chair Jerome Powell over ballooning renovation costs at the Feds Washington headquarters, according to White House economic adviser Kevin Hassett. In an...

Brics is sliding towards irrelevance – the Rio summit made that clear

Jul 13, 2025 11:22 am UTC| Insights & Views Politics Economy

The Brics group of nations has just concluded its 17th annual summit in the Brazilian city of Rio de Janeiro. But, despite member states adopting a long list of commitments covering global governance, finance, health, AI...

UBS Sees Stock-Picking Opportunities in Europe Ahead of Q2 Earnings

Jul 13, 2025 08:10 am UTC| Economy

UBS has raised its outlook on European equities ahead of the second-quarter earnings season, highlighting potential upside in select company results despite muted regional forecasts. The banks European Equity Strategy...

Hungary’s Opposition Leader Unveils "New Deal" to Boost Economy Ahead of 2025 Election

Jul 12, 2025 22:47 pm UTC| Economy Politics

Hungarys opposition leader Peter Magyar announced a bold economic plan, the Hungarian New Deal, aiming to revive the countrys inflation-struck economy ahead of the 2025 parliamentary elections. Speaking at a Tisza party...

EU, Mexico Condemn Trump’s 30% Tariff Threat as Global Trade Tensions Rise

Jul 12, 2025 22:39 pm UTC| Politics Economy

U.S. President Donald Trump announced a 30% tariff on goods imported from the European Union and Mexico, effective August 1, sparking immediate backlash from global leaders and economists. EU Council President Antonio...

Trump Threatens 30% Tariffs on EU and Mexico, Sparking Global Trade Tensions

Jul 12, 2025 22:32 pm UTC| Politics Economy

U.S. President Donald Trump has reignited trade tensions by threatening to impose a 30% tariff on imports from the European Union and Mexico starting August 1. The move, announced via letters to EU Commission President...

EU Warns of Retaliation if Trump Imposes 30% Tariffs on European Goods

Jul 12, 2025 22:30 pm UTC| Politics Economy

The European Union has issued a stern warning to the U.S., stating it is prepared to retaliate if President Donald Trump proceeds with his plan to impose 30% tariffs on European imports starting August 1. The surprise move...

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Economy

Japanese Yen Nears Seven-Month High as Oil Approaches $100

The Japanese yen held near its strongest level since February on Wednesday, pressuring the U.S. dollar as escalating Middle East tensions pushed oil prices toward $100 a barrel and investors prepared for major central bank...

US Bans Canadian Alcohol, Motorcycles as Trade War Escalates

The United States has announced sweeping import bans on Canadian alcoholic beverages, motorcycles and some dairy products, escalating a trade dispute between the longtime North American allies. The restrictions, announced...

Oil Prices Rally as Brent Nears $100 on U.S.-Iran Escalation

Oil prices extended their rally during Asian trading on Wednesday, with Brent crude approaching the key $100-per-barrel level as escalating U.S.-Iran tensions fueled concerns over Middle East oil supplies and shipping...

Asian Stocks Mixed as AI Chip Rally Meets Oil Surge

Asian stocks traded mixed on Wednesday as semiconductor shares extended gains on strong artificial intelligence demand, while rising oil prices and escalating Middle East tensions fueled concerns about inflation and higher...

Asian Stocks Mixed as Korean Chipmakers Rally

Asian stocks traded mixed on Tuesday as strong gains in South Korean semiconductor shares boosted the regions technology sector, while rising oil prices, higher U.S. Treasury yields and expectations for tighter monetary...

Politics

Chris Hipkins Targets Cost-of-Living Relief in New Zealand Election

Former New Zealand Prime Minister Chris Hipkins says Labour was too slow to recognize the cost-of-living pressures facing households after the COVID-19 pandemic, as the party seeks to regain urban and middle-income voters...

Trump’s ‘New America’ Proposal Draws Backlash in New Mexico

President Donald Trumps proposal to rename New Mexico as New America has sparked criticism from residents and political leaders who say the move threatens to erase centuries of history and cultural identity. Trump, a...

US Judge Dismisses Imran Ahmed Deportation Lawsuit

A federal judge in New York has dismissed a lawsuit filed by British anti-disinformation campaigner Imran Ahmed challenging the Trump administrations authority to detain and deport him, potentially clearing the way for...

Iran Strikes U.S.-Used Jordan Base as Gulf War Escalates

Irans Islamic Revolutionary Guard Corps (IRGC) launched ballistic missiles at a military base in Jordan used by U.S. forces and said it attacked 10 ships near the Strait of Hormuz on Wednesday, marking a sharp escalation...

U.S. Envoy Warns Taiwan Conflict Could Devastate Global Economy

A military conflict across the Taiwan Strait could inflict greater damage on the global economy than World War Two, the top U.S. diplomat in Taipei warned on Wednesday, highlighting the importance of an upcoming U.S.-China...

Science

Blue Origin New Glenn Explosion Could Delay Launch Operations Until 2028

Blue Origin is facing a significant setback after a dramatic explosion involving its New Glenn rocket severely damaged a launch pad at Cape Canaveral, Florida. According to NASA Administrator Jared Isaacman, repairs to the...

Blue Origin New Glenn Rocket Explodes During Launch Pad Test, Delaying Space Ambitions

Blue Origin suffered a major setback after its uncrewed New Glenn rocket exploded during a launch pad test in Florida on Thursday, raising new challenges for Jeff Bezos space company as it competes with Elon Musks SpaceX...

SpaceX Delays Starship V3 Launch Ahead of Potential Record IPO

SpaceX on Thursday postponed the highly anticipated launch of its 12th Starship rocket test from Texas after technical issues interrupted the final countdown. The company now plans to attempt the Starship V3 launch again...

Trump Administration Releases New UFO Files and Apollo Mission Records

The U.S. Defense Department has released dozens of previously classified UFO-related files following an order from President Donald Trump, sparking renewed debate over unidentified anomalous phenomena (UAP) and government...

China vs. NASA: The New Moon Race and What's at Stake by 2030

The space race is back and this time, its a direct competition between the United States and China for dominance on the lunar surface. NASAs Artemis II mission recently made history when four astronauts flew farther into...

Technology

Kioxia Rules Out SK Hynix Manufacturing Partnership

Kioxia Holdings CEO Hiroo Ota has ruled out closer manufacturing cooperation with South Korean memory chipmaker SK Hynix, pointing to antitrust concerns and complications involving Kioxias existing production partnership...

Qualcomm Stock Jumps on Amazon AI Chip Deal

Qualcomm Technologies (NASDAQ: QCOM) shares surged 9.5% after the chipmaker announced a multi-generational partnership with Amazon to develop custom silicon and high-speed optical connectivity technology for artificial...

Google Revamps EU Search Results to Meet DMA Rules

Alphabets Google has introduced major changes to its search results in Europe as it seeks to comply with European Union antitrust rules under the Digital Markets Act (DMA). Google said Tuesday that the overhaul represents...

Australia Plans New Rules Giving Users Control Over Social Media Feeds

Australia has proposed new social media regulations that would give users greater control over the content appearing in their feeds, expanding the governments efforts to strengthen online safety and regulate major...

Anthropic Drops $6 Billion Decart AI Acquisition Talks

Anthropic has reportedly abandoned plans to acquire artificial intelligence startup Decart AI after exploring a potential transaction valued at roughly $6 billion, according to Bloomberg News. The maker of the Claude AI...