Business

Tariffs court fight threatens Trump’s power to wield his favourite economic weapon

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Since returning to power, US President Donald Trump has wielded tariffs – or the threat of them – as his financial weapon of choice.He has imposed import responsibilities against allies and adversaries alike, and raised their prices to staggeringly high levels, only to change his mind and pause or reduce the charges. Markets and global […]

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Elon Musk leaves White House but says Doge will continue

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Watch: Elon Musk says he is “disappointed” with Trump’s “big, beautiful bill”, in interview with CBS Sunday Morning After contributing to the turbulent attempt to reduce the size of the United States government, which resulted in the layoff of many federal employees, Elon Musk has announced that he may be leaving the Trump administration. In

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The U.S.′ AI love affair with the UAE isn’t just about access — it’s about dominance

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UAE President Sheikh Mohamed bin Zayed Al Nahyan (R) welcomes his US counterpart Donald Trump upon arrival at the presidential terminal in Abu Dhabi on May 15, 2025. DUBAI, United Arab Emirates — Deep within the oil-wealthy deserts of the Middle East, the United Arab Emirates is on a mission to establish supremacy in the

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Brazil sues China carmaker BYD over ‘slave-like’ conditions

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The MPT stated that workers were determined to reside in cramped hotels with “minimal comfort and hygiene conditions” at the end of last year, when the government stopped constructing the plant. According to a declaration, 31 personnel shared one bathroom, and a few people slept on beds without mattresses. The MPT additionally alleged that the

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Chinese-owned Volvo Cars to cut 3,000 jobs

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Sweden-based automobile maker Volvo Cars says it will reduce around 3,000 jobs as part of its price-slicing measures.The firm says the layoffs will particularly affect office-primarily based positions in Sweden, which represent approximately 15% of its white-collar workforce.Last month, Volvo Cars, which is owned by Chinese organization Geely Holding, announced an 18 billion Swedish kronor

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Bitcoin jumps to new all-time high, surpassing prior record in January

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Bitcoinrose to a new all-time high on Wednesday, breaking its January record.The price of the flagship cryptocurrency remained higher by way of 2% at $108,955.10, in step with Coin Metrics. Earlier, it rose as high as $109,500.“Bitcoin’s new high has been concocted by way of an array of favorable elements inside the macro cauldron, namely

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Toyota redesigns America’s top-selling RAV4 SUV to exclusively be a hybrid

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PLANO, Texas — The top-selling SUV in the United States will be offered as a hybrid version as part of a remodel of the RAV4 lineup, Toyota Motorannounced Tuesday night.The global’s largest automaker said the 2026 Toyota RAV4 handiest might be offered as a hybrid or plug-in hybrid, eliminating a traditional gasoline engine inside the

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Japan assets saw record inflows in April as investors fled U.S. markets — their promise still holds

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A man walks past an electronic board showing the Nikkei 225 index on the Tokyo Stock Exchange along a street in Tokyo on April 7, 2025.Kazuhiro Nogi | AFP | Getty Images Japan noticed record overseas inflows into its equities and long-term bonds in April as investors fled U.S. Markets following President Donald Trump’s change

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