World Business NewsGold futures hit record high after report of US tariffs on gold bars
US gold futures jump to an all-time high of $3,534.10; Spot gold on track for second consecutive weekly gain, up 0.7%
Aug 8, 2025
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World Business News
HeadlinesTrump’s tariffs and taunts risk undoing 25 years of US–India progress
As Washington ramps up pressure over Russian oil and trade imbalances, India faces a diplomatic dilemma that could reshape global alliances
Aug 7, 2025
World Business NewsIndia-US spat over trade and Russian oil purchases threatens wider fallout
Indian opposition and public urge Modi to resist what they see as Trump’s bullying; bilateral ties are at their lowest since US sanctions after India’s 1998 nuclear tests
Aug 7, 2025
World Business NewsTrump's higher tariff rates hit goods from major US trading partners
Higher tariffs likely to impact global supply chains and inflation; Several major trading partners secure reduced tariff rates
Aug 7, 2025
World Business NewsOil prices rise on US demand strength, though sanctions uncertainty remains
US crude inventories fall by 3 million barrels, exceeding expectations; Investors cautious due to potential US-Russia summit and potential tariffs on India, China
Aug 7, 2025
World Business NewsTrump says US will levy 100% tariff on some chip imports
President says tariffs to target non-US chip producers, excludes those building in America; Chip tariffs may impact China, SMIC, Huawei products
Aug 7, 2025
World Business NewsOpenAI eyes $500 billion valuation in potential employee share sale, source says
$500 billion will be eye-popping bump-up from OpenAI’s current valuation of $300 billion; Tech giants competing intensely to recruit and retain AI talent
Aug 6, 2025
World Business NewsIndia holds rates as expected but flags risks from US tariffs
New Delhi faces 25% tariff on its shipments to the US; President Trump also warned of "very substantial" additional levies due to oil imports from Russia
Aug 6, 2025
World Business NewsOil prices rebound from 5-week low on Trump threats on Russian crude buyers
Brent and WTI futures rise 0.4% to $67.93 and $65.44 a barrel, respectively; OPEC+ plans September output hike of 547,000 barrels per day
Aug 6, 2025
World Business NewsTwo Chinese nationals in California accused of illegally shipping Nvidia AI chips to China
Aug 6, 2025
World Business NewsAsian shares track Wall Street lower, dollar rangebound
U.S. services sector activity unexpectedly flatlined in July; Second-quarter earnings results also revealed pressure from Trump's tariff wars
Aug 6, 2025
World Business NewsFTSE edges higher as earnings cheer offsets U.S. data jitters ahead of BoE decision
Upbeat results from Diageo, Smith+Nephew, and BP lift market sentiment, while investors brace for rate cut amid weak UK orders and U.S. tariff uncertainty
Aug 6, 2025