Browsing: Business

The European Union has postponed its retaliatory tariffs on US exports until early August to allow more time for talks amid rising transatlantic trade tensions.

US stock futures dropped as Trump’s new 30% tariffs on EU and Mexico heightened concerns over trade tensions, inflation, and potential corporate profit pressure.

Brazil’s beef exports to the US could stop after August 1, driving demand for Australian beef as Trump imposes heavy tariffs over political grievances.

Bitcoin breaks past $118,000, driven by institutional inflows and upcoming U.S. regulatory reforms, including stablecoin and market structure legislation.

U.S. President Trump will impose a 35% tariff on Canadian goods from August 1, citing fentanyl concerns and trade imbalance amid ongoing bilateral talks.

U.S. copper prices have surged to record levels, widening a historic gap between domestic and international markets, after President Donald Trump announced plans to impose a 50% tariff on copper imports. The move, intended to encourage domestic production, has triggered immediate concern over its potential economic fallout. On Tuesday, U.S. copper prices climbed more than 13%, marking their sharpest single-day gain since 1989 and closing at $5.69 per pound. Meanwhile, prices on the London Metal Exchange (LME) edged up just 0.3%, highlighting the stark divergence. The premium of U.S. copper futures over global benchmarks soared 138% in a day, reaching…

The European Union remains in limbo as the anticipated trade agreement with the United States failed to materialize by the expected July 9 deadline. Talks had been moving forward in hopes of avoiding renewed U.S. tariffs, but with no finalized deal in place, both sides remain at a standstill. President Donald Trump had initially signaled that a trade framework might be reached by this week. Speaking during a Cabinet meeting on Tuesday, he said the U.S. was “probably two days off from sending them a letter,” implying that progress had been made. He added that letters had already been sent…

Nvidia reached a historic milestone on Wednesday as its market capitalization surpassed $4 trillion, marking the first time any publicly traded company has achieved this valuation. The company’s shares rose over 2% in early trading, continuing a momentum driven by investor confidence in Nvidia’s pivotal role in the rapidly expanding generative artificial intelligence sector. Founded in 1993, the California-based chipmaker has emerged as a central player in the AI hardware market. Its advanced graphics processing units (GPUs) are widely used to power large language models and other AI workloads. Since the public release of ChatGPT in late 2022, demand for…

Global food prices recorded a slight increase in June, driven by rising costs of meat, dairy, and vegetable oils, according to the latest data released by the United Nations‘ Food and Agriculture Organization (FAO) on Friday. The FAO Food Price Index, which monitors the monthly fluctuations in international prices of commonly traded food commodities, averaged 128.0 points in June. This represents a minor decline of 0.5 percent compared to May’s revised figure. Despite the marginal monthly decrease, prices in key categories such as meat, dairy, and vegetable oils registered notable upward movements, offsetting declines in other food groups. The FAO highlighted that meat…

The European Commission and Ukraine have reached an agreement in principle to modernize their existing trade relationship, marking a significant step in Ukraine’s gradual integration into the European Union’s economic framework. The announcement follows the conclusion of negotiations on the review of the Deep and Comprehensive Free Trade Area (DCFTA), which operates under the broader EU-Ukraine Association Agreement. The updated trade arrangement reflects a shared commitment to building a long-term, stable, and predictable economic partnership. According to the European Commission, this revised framework is designed to strengthen bilateral trade while addressing concerns raised by EU Member States, particularly regarding the protection of sensitive agricultural sectors. The…