U.S. manufacturers are facing mounting challenges as trade tensions escalate, disrupting global supply chains and increasing costs. Industries such as automotive, electronics, and machinery are particularly affected, with companies struggling to adapt to shifting trade policies. The Biden administration has been working to address these issues through diplomatic efforts, but the path to resolution remains […]
Global markets are reacting to a mix of economic data and geopolitical developments, with U.S. inflation figures taking center stage. Higher-than-expected inflation has raised concerns about delayed Federal Reserve rate cuts, pushing the U.S. dollar to a one-week high against the Japanese yen. The S&P 500 closed lower on Wednesday, reflecting investor anxiety over prolonged […]
Chinese businesses are embracing DeepSeek AI at an unprecedented scale, leveraging its advanced capabilities to revolutionize industries. From predictive analytics to automated decision-making, DeepSeek AI is helping companies optimize operations, enhance productivity, and gain a competitive edge. Developed by a leading Chinese tech firm, DeepSeek AI processes vast amounts of data in real-time, enabling businesses […]
Trade tensions between the United States and the European Union (EU) are escalating as the EU prepares retaliatory measures in response to US tariffs on steel and aluminum imports. The dispute threatens to strain the $1.5 trillion transatlantic trade relationship, one of the most significant economic partnerships in the world. On February 10, 2025, President […]
Gucci, the flagship brand of luxury conglomerate Kering, is facing a persistent sales slump as changing consumer trends and economic uncertainties take a toll on the luxury fashion market. The brand’s revenue declined by 12% in the latest quarter, marking a significant setback for the once-dominant label. Analysts attribute the decline to a combination of […]
Despite reporting a net loss of 369.17 billion yen ($2.4 billion) for the third quarter of fiscal year 2024, SoftBank Group Corp. is pushing forward with its ambitious artificial intelligence (AI) investment strategy. The loss, driven by a downturn in its Vision Fund investments, highlights the challenges the Japanese technology giant faces in balancing risk […]
The US financial market is at the center of global attention as Federal Reserve Chair Jerome Powell reaffirms the central bank’s commitment to tackling inflation, despite growing concerns over the economic impact of tariffs. The S&P 500 and Dow Jones Industrial Average posted modest gains, while the Nasdaq composite declined, reflecting investor uncertainty. Powell’s comments […]
As the US considers imposing new energy sanctions, India is walking a tightrope to maintain its relationships with both Washington and global oil suppliers. India’s Oil Minister, Hardeep Singh Puri, has reiterated the country’s commitment to international rules while emphasizing the need for energy security. “India’s energy strategy is guided by the principles of diversification […]
The rapid ascent of AI startup DeepSeek has prompted Chinese tech titan Baidu to fast-track the release of its next-generation AI model, Ernie 4.0. The move highlights the growing influence of DeepSeek, which has disrupted the AI market with its innovative and cost-effective solutions. Baidu’s CEO, Robin Li, confirmed the development during a recent tech […]
In response to President Donald Trump’s recent imposition of a 25% tariff on steel and aluminum imports, several Asian nations are implementing measures to mitigate potential economic impacts and maintain trade stability with the United States. Enhancing U.S. LNG Imports At least six Asian countries are planning to increase imports of U.S. liquefied natural gas […]