WASHINGTON, March 3 -As the Tuesday deadline approaches, U.S. President Donald Trump is set to finalize the tariff levels on imports from Canada and Mexico, with decisions expected by Monday evening. The proposed tariffs include a 25% duty on all imports from both nations, with a separate 10% tariff specifically targeting Canadian energy exports. The … Read more
FEBRUARY 24 – Apple Inc. has announced plans to establish a large-scale factory in Texas by 2026, focusing on building artificial intelligence (AI) servers. The initiative is part of Apple’s broader strategy to expand its presence in the U.S., creating approximately 20,000 new research and development jobs across the country. This major investment aligns with … Read more
FEBRUARY 1 – U.S. President Donald Trump is set to sign an executive order on Saturday imposing new tariffs on imported goods from Mexico, Canada, and China, a move that could significantly impact global trade. The order includes a 25% tariff on imports from Mexico and Canada and a 10% tariff on Chinese goods, potentially … Read more
ZURICH, Jan 11 – Ueli Maurer, former Swiss Finance Minister, voiced his concerns about the sheer size of UBS following its acquisition of Credit Suisse. Maurer warned that UBS, with its expanded operations, might now be too large for Switzerland, posing significant risks to the financial system. UBS’s balance sheet has ballooned to approximately $1.7 … Read more
Russia’s automotive market experienced remarkable growth in 2024, with sales of new passenger cars rising by an impressive 47% compared to the previous year. A total of 1.55 million units were sold, according to data released by the Russian Ministry of Industry and Trade. This growth reflects a significant recovery for the market, which has … Read more
Austria is set to modernize its air force with the planned purchase of 12 M-346 FA fighter jets from Italy. These advanced aircraft, manufactured by Leonardo, will replace the retired Saab 105 planes that were decommissioned in 2020. The acquisition represents a significant step in Austria’s efforts to enhance its defense capabilities and foster closer … Read more
As 2024 draws to a close, Google has released its highly anticipated “Year in Search” report, unveiling the top trending queries that captured the world’s attention this year. This annual roundup highlights the search terms that experienced the biggest surges in traffic compared to 2023, offering a unique glimpse into the stories, events, and cultural … Read more
Bitcoin has shattered a significant milestone, soaring past the $100,000 mark for the first time in its history. The cryptocurrency’s remarkable rally reflects growing confidence in the future of digital assets, fueled by political developments and an increasingly crypto-friendly environment in the United States. Historic Milestone Achieved In the early hours of Thursday’s Asian trading … Read more
Ford Motor Co. saw a 6% decline in its stock value on Tuesday after revising its annual profit outlook, citing ongoing issues with supplier disruptions and rising warranty expenses. The global automotive industry is caught in an intense pricing battle, driven by excess production capacities and consumer preferences shifting towards more affordable options. These factors … Read more
STOCKHOLM – Nokia has announced a significant reduction in its workforce, laying off nearly 2,000 employees in Greater China, which accounts for about 20% of its local workforce. Additionally, the telecommunications giant plans to cut another 350 jobs across Europe as part of a strategic initiative aimed at lowering operational costs. A spokesperson from Nokia … Read more