Trump secures $600 billion Saudi investment pledge amid renewed regional ties and sanctions shift
U.S. President Donald Trump has announced a landmark $600 billion investment commitment from Saudi Arabia into the United States, marking one of...
Oil prices rise, but supply concerns limit gains
Brent crude futures climb 1% to $65.61 a barrel, while U.S. West Texas Intermediate crude gains 1.2% to $62.67
Dollar holds gains as U.S.-China tariff pause
Dollar rises 0.16% to $1.1105 against the euro, falls 0.26% to 148.07 yen, and slips 0.45% to 0.8415 against the Swiss franc
Honda forecasts 59% profit decline due to U.S. tariffs
The company attributes the decline to U.S. tariffs on foreign-made cars and rising competition from Chinese EV manufacturers
Denmark launches world’s first commercial-scale e-methanol plant
The $167 million plant, jointly owned by European Energy and Japan's Mitsui, will produce 42,000 metric tons of e-methanol annually
Samsung unveils slimmest flagship phone with advanced AI to outpace Apple
S25 Edge will launch in South Korea on May 23, the U.S. on May 30, and later in 30 other countries, including China and Europe
Amazon turns to FedEx for large package deliveries after UPS pullback
The agreement reportedly provides Amazon with more cost-effective shipping compared to UPS
U.S. posts $258 billion April surplus driven by strong tax receipts
Despite April's surplus, the federal budget shows a $1.049 trillion deficit for the first seven months of fiscal 2025
Musk’s Starlink’s role under review as EU evaluates SES–Intelsat deal
SES is looking to scale up in order to compete more effectively with U.S. heavyweights, including Starlink and Amazon’s Project Kuiper
Trump-backed American Bitcoin to go public via Gryphon merger
Existing shareholders of American Bitcoin, including Eric Trump, Donald Trump Jr., and Hut 8, will retain 98% ownership of the merged company
U.S. regulators demand details from Tesla on upcoming robotaxi launch
NHTSA seeks clarity on how Tesla’s full self-driving technology handles adverse weather conditions and reduced roadway visibility
Game publishers rush to fill fall 2025 gap left by GTA VI delay
Major companies are now positioning their titles to capitalize on the absence of GTA VI from this year’s release calendar
Global banking regulators agree to focus on climate-related financial risks
European Central Bank making it a key priority, while in the U.S., such efforts have been reduced or halted
U.S. cuts de minimis tariff on Chinese goods from 120% to 54%
A flat fee of $100 per package remains an alternative option for carriers
Asian stocks stall, dollar wobbles as trade optimism fizzles
US-China tariff pause lifts sentiment but worries linger; Traders lower bets of Fed rate cut this year