President Biden's administration plans to announce new tariffs on China, focusing on industries like electric vehicles, batteries, and solar cells, continuing the economic competition between the two nations.
Sectors
ChatGPT Maker OpenAI Is Coming for Google With Own Search Engine
OpenAI will disrupt the search engine market with an AI-powered product, challenging Google. The strategic announcement coincides with Google's conference.
Chinese EV Maker Zeekr Makes Debut in US IPO, Raises $441 Million as Shares Skyrocket by 24%
Zeekr's US IPO soars, raising $441M with a 24% share surge. Amid Chinese EV market competition, Zeekr eyes global expansion, delivering 49,148 vehicles in 2024.
Trudeau Slammed By Business Groups Over Proposal to Change Capital Gains Tax That Will Affect Them
Canadian business groups clarified to Trudeau that one in five companies, not individuals, would be affected, sparking debates over fairness and its potential impact on high-income earners and corporations.
UK Recovers From Recession With 0.6% GDP Growth
Recent data indicates the UK economy has exited recession with a 0.6% growth in GDP; Prime Minister Rishi Sunak praises the momentum, while the Bank of England maintains interest rates at 5.25%.
Latest News
Air Vanuatu has filed for bankruptcy protection after it canceled all its international flights, which left thousands of passengers stranded.
Despite the Biden administration's pause on one bomb shipment and review of others due to concerns over potential civilian casualties, Israel is still set to receive US weaponry worth billions of dollars.
Apple's new iPad Pro advertisement has sparked angry reactions among people in the entertainment and other creative industries.
Shares of Trump Media soared over 10% on Monday, reaching levels not seen since late March and boosting the net worth of former President Donald Trump to an all-time high.
Several stores are participating in Hawaii’s celebration of Teachers Appreciation Week, most of which will end on May 10.
Nestle is reportedly planning to invest 1 billion reais ($196.5 million) in Brazil over the next two years to boost production capacity and out-of-home sales of its Nescafe products.
Canada's financial watchdog has slapped Binance with a fine of nearly $4.38 million for violating anti-money laundering and terrorist financing laws.
A House committee calls Microsoft's Brad Smith to testify later this month about software flaws that enabled hackers to access government officials' email accounts.
The SEC has launched an investigation into Boeing's statements regarding its safety practices following an incident involving a 737 Max 9 aircraft in January.
