US lawmaker targets Nvidia chip smuggling to China with new bill
The effort to track the chips aims to address reports of widespread smuggling of Nvidia chips into China, violating U.S. export controls
US dollar under pressure as Taiwan currency rallies
The sharp rise in the Taiwan dollar comes at a time when confidence in the U.S. dollar is being rattled by the trade war’s impact
Oil prices drop as OPEC+ accelerates output hikes
Brent crude futures drop 1.14 percent to $60.59 a barrel, while U.S. West Texas Intermediate crude falls 1.29 percent to $57.54
India terminates its executive director at IMF ahead of crucial meeting on Pakistan loan
Termination comes days before the IMF board meeting on May 9 to review a $7 ongoing loan and a $1.3 billion climate facility for Pakistan
Trump orders 100% tariff on foreign films, calls for ‘Made in America’
The decision targets foreign governments that offer tax breaks and incentives to lure film productions away from American soil
Samsung challenges $520 million Indian tax demand over import classification
The company’s appeal argues that Indian authorities were fully aware of the import practices
Warren Buffett to step down as Berkshire CEO at end of 2025
While Buffett will step back from day-to-day responsibilities, he will remain involved in an advisory capacity if needed
Trump says he will protect TikTok despite the pending divestment deadline
Trump highlights TikTok's role in connecting with younger voters during the 2024 presidential election
ADB increases food security funding to $40 billion by 2030
The additional $26 billion will tackle climate change, environmental degradation, and food insecurity in the region
UAE to introduce AI as a subject in schools from next academic year
AI will be incorporated into the curriculum for all students, from kindergarten through to Grade 12
Jaguar Land Rover resumes US exports after tariff pause
After a one-month halt, the automaker resumes shipping amid shifting US trade measures.
Buffett cautions against weaponizing trade, urges global cooperation
Billionaire investor warns of risks in U.S. tariff strategy, promotes mutual prosperity through open commerce
Taiwan, U.S. conclude first round of cordial tariff talks amid Trump tariff pause
Talks focus on trade barriers and economic cooperation as Taipei seeks to avoid steep import duties
UAE stocks climb as hopes of U.S.–China trade talks lift investor confidence
Dubai and Abu Dhabi markets end the week higher; Dubai Financial Market posts 42% profit surge
Republican lawmakers push SEC to delist Chinese firms with alleged military ties
Two prominent Republican lawmakers have called on the U.S. Securities and Exchange Commission (SEC) to delist major Chinese companies, including Alibaba Group,...