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
Visa and Amex target Mastercard’s Apple Card partnership, WSJ reports
This competition follows the recent conclusion of Apple's partnership with Goldman Sachs and Mastercard, which began in 2019
China to launch EV grid projects to support power system
This allows cars to function as energy storage units, contributing power back to the grid
White House to hold meeting on TikTok
Trump will consider on Wednesday a final proposal related to TikTok ahead of an April 5 deadline for the app to find a non-Chinese buyer
ChatGPT usage hits a record as Ghibli-style AI art goes viral
The rapid growth places a strain on OpenAI’s servers, resulting in occasional outages and performance issues
Google Play Store update to impact 1 billion phones, disabling Google Wallet and banking apps
ISLAMABAD: Google is set to introduce significant changes to Android's security framework in a bid to close the privacy gap between Android...
South Korea plans $6.8B emergency budget bill
The supplementary budget aims to mitigate the economic impact of the country’s worst-ever forest fires and counter sluggish growth, says Finance Minister Choi Sang-mok
U.S. pushes French firms to comply with Trump’s DEI ban
The request, sent by the U.S. Embassy in Paris, instructs firms to submit signed declarations within five days, outlining their stance on compliance
Elon Musk’s xAI acquires social media platform X in $33 billion deal
The move consolidates Musk’s AI and social media ventures, positioning xAI for broader expansion in the competitive AI market
IMF approves $400 million disbursement to Ukraine
This brings total disbursements under Ukraine’s IMF-backed program to $10.1 billion
ByteDance founder Zhang Yiming becomes China’s richest person at $57.5 billion
Zhang, who now resides in Singapore, built his fortune solely through his 21% stake in ByteDance