US Manufacturing Sector Contracts Amid Tariff Impact
The US manufacturing sector continued to experience contraction in May, as economic activity remained sluggish, according to the latest report from the Institute for Supply [more…]
Ukraine Seeks Russian Proposals Before Peace Talks in Istanbul
Ukraine has called for a document outlining Russia’s peace deal proposals before sending a delegation to Istanbul for bilateral talks, Ukrainian Foreign Minister Andrii Sybiha [more…]
Enterprise Products Faces Export Delays Due to U.S. Licenses
Enterprise Products Partners (EPD) is confronting challenges regarding its ethane and butane exports to China following new U.S. Department of Commerce regulations that now require [more…]
EU, U.S. Discuss Key Cooperation to Lower Tariffs
The European Commission is actively exploring ways to cooperate with the United States in key industries, including aerospace, steel, semiconductors, and critical minerals, as part [more…]
U.S. Consumer Confidence Surges Amid Trade Deal Hopes
U.S. consumer optimism saw a significant boost in May, driven by hopes for a resolution in the trade conflict between the U.S. and China. According [more…]
Trump Delays 50% Tariffs on EU Goods, European Assets Rally
U.S. President Donald Trump reversed his decision to impose 50% tariffs on European Union imports, extending the deadline to July 9 to allow for further [more…]
Trump Threatens 50% Tariff on EU Goods, Apple Faces 25% Levy
U.S. President Donald Trump renewed his trade war threats on Friday, signaling a potential 50% tariff on European Union goods starting June 1, alongside a [more…]
Microsoft Fires Employee Over Protest Against Gaza Tech
Microsoft has terminated the employment of software engineer Joe Lopez following his protest at the company’s annual Build developer conference in Seattle. Lopez interrupted CEO [more…]
HSBC UK Staff Face Bonus Cuts Over Remote Work Policy
HSBC is tightening its hybrid work policy in the UK, warning staff that their bonuses may be reduced if they do not meet the bank’s [more…]
China Cuts Lending Rates Amid Economic Slowdown
China’s central bank, the People’s Bank of China (PBOC), cut its key lending rates by 10 basis points on Tuesday as part of efforts to [more…]