China files new WTO complaint against U.S. tariffs
Trump justifies the tariffs as necessary to reduce the U.S. trade deficit, particularly with China, which holds the largest trade surplus
U.S. 10-year Treasury notes attract record demand in successful auction
The auction prices at 4.435%, better than expected, and the 10-year yield stands at 4.38%, down from 4.466% just before the auction
Alphabet plans $75 billion investment in data centers and AI infrastructure
tariff-related costs might increase but customer demand for data centers continues to drive the company’s investment plans, says Google
Oil prices drop over 2% as trade war escalates between U.S. and China
Brent crude futures fall by 2.7% to $63.71 per barrel, while U.S. West Texas Intermediate crude drops by 2.84% to $60.58
Trump defends TikTok deal, says it’s “on the table”
A significant hurdle for any deal remains Chinese government approval, which is necessary for the divestiture to proceed
Chinese sellers on Amazon to hike prices or exit US as tariffs soar, association says
This isn't just a tax issue, entire cost structure gets overwhelmed, says head of Shenzhen Cross-Border E-Commerce Association
Trump’s stunning tariff pause focuses trade war on China
US president announces tariff pause for dozens of countries; Duties raised further on Chinese imports
Mauritius arrests ex-finance minister and Central Bank chief in $6.7 million embezzlement probe
The arrests follow fresh evidence in a financial crimes inquiry linked to the Mauritius Investment Corporation’s pandemic relief funds.
Tariff whiplash: Trump announces 90-day pause for allies, turns up heat on China
Markets rally as U.S. softens global trade stance—except with Beijing
Oil prices drop to four-year lows as China imposes new tariffs on U.S.
Brent futures fall by $4.02 to $58.80 a barrel, while U.S. West Texas Intermediate crude futures drop $4.03 to $55.55
China adds 12 U.S. companies to export control list
The companies will face a ban on exports of dual-use items, which can be used for both civilian and military purposes
Google unveils Ironwood chip to boost AI performance
The new chip is designed for "inference" computing, powering instant responses in chatbots and AI tools
China hikes tariffs on U.S. goods to 84%, escalating trade war
Other countries, including the European Union, are preparing retaliatory measures as global trade tensions continue to intensify
Tesla enters Saudi market facing EV infrastructure challenges
On a 900-kilometre stretch of highway between Riyadh and Mecca, there is not a single charging station
China reaffirms TikTok deal must comply with Chinese law
Under a 2020 law, any export of technology deemed critical to national security must receive government approval