Spain announces 14.1-billion euro plan to mitigate U.S. tariff impact
The plan includes 7.4 billion euros in new financing, with the remaining funds coming from existing instruments such as soft loans
Amazon joins the race to buy TikTok
Earlier this year, Amazon even tested a TikTok-like short-form video feed called Inspire, though it was shut down
IMF sees Japan achieving 2% inflation target sustainably
Japan's headline inflation stands at 3.7% in February, remaining above the BOJ's target for nearly three years, mainly due to persistently high food costs
Trump ends duty-free status for low-value packages from China
Over 90% of incoming parcels qualify for duty-free entry, with 60% coming from China, mainly through platforms like Temu and Shein
Hyundai won’t raise U.S. prices despite new tariffs, says co-CEO
We have seen the tariff announcement, and we are evaluating the impact, says Jose Munoz
Oil prices rise as investors focus on potential trade war impact
Brent crude futures climb 0.2% to $74.62 per barrel, while U.S. West Texas Intermediate crude gains 0.4% to $71.51 per barrel
Dollar falls as markets brace for Trump’s tariff announcement
The dollar index declined 0.2% to 103.98, adding to its 3.1% slump in March, which was its worst monthly showing since November 2022
Russia restricts Black Sea oil exports
This follows the closure of two moorings at the Caspian Pipeline Consortium (CPC) earlier in the week
Dubai to launch self-driving taxis by 2026
The city is set to revolutionize its transportation system with autonomous vehicles, starting with a pilot program this year ahead of the full commercial launch.
Billionaire boom: Forbes’ list crosses record 3,000 ultra-wealthy individuals
Musk tops the list as concerns for economic inequality and wealth distribution loom larger than ever
Trump set to announce sweeping tariffs, risking global trade war
New reciprocal tariffs likely to take effect immediately, with 25% auto import duties from April 3
Commodity giants tighten supply chain grip with major asset spree
Windfall profits from energy crisis are fueling expansion into metals, biofuels and infrastructure, including acquisitions in Pakistan
India’s semiconductor market to reach $150 billion by 2030
Over 100 semiconductor startups operate in India, contributing 20% to the global workforce in semiconductor design
Swedish insurer divests $160 million stake in Tesla over labor rights
The divestment follows a prolonged labor dispute involving Tesla and Swedish unions, which began in late 2023
U.S. Senate investigates Meta’s alleged efforts to enter Chinese market
The investigation arises from allegations that Meta devised a "three-year plan," called "Project Aldrin," to penetrate the Chinese market