Brazil Seeks Talks Over U.S. Tariffs Instead of Immediate Retaliation
President Luiz Inácio Lula da Silva directs his economic team to pursue diplomatic dialogue
Canada, EU Retaliate with Counter Tariffs Against U.S.
Canada will impose $22 billion in countermeasures, while the EU plans $28 billion in tariffs on U.S. goods next month
U.S. Implements increased tariffs on all steel and aluminium imports
The new measures impose a 25% tariff on steel and aluminium imports while extending duties to hundreds of downstream products
Walmart, Beijing officials talk price reductions on Chinese goods
The discussions between Walmart and Chinese officials come amid rising trade tensions between Washington and Beijing
Amazon, Google support nuclear plan to triple energy output
The initiative follows a similar commitment made by over 30 countries in 2023 to expand nuclear power
French publishers sue Meta over AI copyright infringement
This is the first such lawsuit against an AI company in France, but similar cases have been filed in the United States
Oil prices rise 2% on lower-than-expected U.S. stockpiles
Brent crude rises $1.33, or 1.9%, to $70.89 a barrel, while U.S. West Texas Intermediate (WTI) crude gains $1.45, or 2.2%, to $67.70 a barrel
U.S. dollar strengthens as inflation rises less than expected
The dollar gains 0.55% against the Japanese yen, reaching 148.59 yen
Puma to cut 500 jobs worldwide amid cost-reduction efforts
Puma’s sales, profits, and outlook raise concerns about its ability to compete with Adidas and Nike
Spotify pays record $10 billion in royalties in 2024
The Swedish streaming platform says that nearly 1,500 artists earned over $1 million in royalties through its service last year
White House condemns Tesla protests as “domestic terror”
Activists launch “Tesla Takedown” protests, claiming Musk’s politics impact government services and aid programs
Uber cancels $950 million Foodpanda Taiwan deal over regulatory hurdles
The FTC says Uber’s acquisition of Foodpanda would give it a 90% market share, potentially raising prices
OpenAI launches Responses API to streamline AI agent development
The launch follows increased activity from Chinese AI startups introducing new models
Airtel signs with SpaceX to bring Starlink to India
MUMBAI: Indian telecom operator Bharti Airtel said on Tuesday it had signed an agreement with Elon Musk’s SpaceX to bring Starlink’s satellite...
Indonesia’s central bank uses Ramadan sermons to preach on inflation
Move is part of Bank Indonesia's strategy to enlist preachers to warn against overconsumption and potential price pressures during Ramadan