Tariffs
The US's trading partners have largely failed to retaliate against Donald Trump's sweeping tariffs, allowing the president to raise nearly $50 billion in extra customs revenues at little cost. Four months into the trade war, only China and Canada have hit back at Washington's
Trump, Donald
The Pennsylvania Energy and Innovation Summit at Carnegie Mellon University brought together business leaders and government officials to announce plans for over $90 billion in development projects, positioning the state as a leader in the energy and artificial intelligence industries. U.S. Sen. Dave McCormick said the projects would create
Trump, Donald
As the race between the United States and China to develop artificial intelligence gains momentum, the Trump administration has reversed its ban on Nvidia's sales of A.I. chips to China. The move could allow Chinese tech companies to restart purchases of Nvidia's chips, which are
Tariffs
China's economy continues to defy expectations, with the country's second-quarter growth rate exceeding analyst forecasts despite ongoing trade tensions with the US. The 5.2% year-on-year expansion in gross domestic product (GDP) keeps Beijing on track to meet its full-year target of around 5%, but experts
Tariffs
China's economy continues to defy expectations, with the country's second-quarter growth rate exceeding analyst forecasts despite ongoing trade tensions with the US. The 5.2% year-on-year expansion in real GDP growth, announced by the National Bureau of Statistics, suggests that China has successfully navigated the challenges
Tariffs
China's economy expanded by 5.2 percent in the second quarter of this year, a better-than-expected rate that has eased pressure on the world's second-largest economy. The growth was slightly lower than the 5.4 percent increase in the first quarter, but still ahead of analyst
Trump, Donald
The Trump administration's handling of information related to Jeffrey Epstein has sparked controversy and conspiracy theories, with some of Trump's own supporters calling for more transparency. House Speaker Mike Johnson has become the highest-profile Republican to ask for the release of more information about Epstein, who
Trump, Donald
The recent domestic policy law, aimed at amending how gambling income is taxed, has sparked a fierce backlash in the gambling industry. The new rule, set to take effect next year, will only allow 90% of losses to be deductible, effectively creating a 10% penalty on gambling winnings. Professional gamblers,
Tariffs
Japanese Prime Minister Shigeru Ishiba has taken a stronger stance against US tariffs, warning of a "battle for our national interests" in the face of President Trump's 25% tariffs threat. With parliamentary elections just days away, Ishiba has shifted his tone to appeal to the public,
Trump, Donald
South Korea's economic growth has slowed, and policymakers are struggling to stimulate growth due to concerns about a heated property market. Despite the Bank of Korea's decision to hold interest rates at 2.5%, economists warn that lowering rates could fuel property price hikes, particularly in
Trump, Donald
The White House is taking unprecedented steps to increase pressure on Federal Reserve Chairman Jerome Powell, with President Trump accusing him of lying to Congress and calling for investigations. The latest move involves targeting the expensive renovation plans for the central bank's headquarters, with Trump-appointed officials accusing Powell
Trump, Donald
The Trump administration's campaign to win more favorable trade deals by imposing tariffs on goods coming into the United States left the major U.S. stock indexes little changed on Tuesday. The S&P 500 slipped 0.1 percent, the Dow Jones industrial average gave back 0.
