Musk says impact of auto tariffs on Tesla is ‘significant’
Tesla CEO Elon Musk said on Wednesday that the impact of U.S. President Donald Trump’s auto tariffs on Tesla is “significant.” “Important to note that Tesla is NOT unscathed here. The tariff impact on Tesla is still significant,” Musk said…
US auto tariffs shake global industry as higher prices, job losses loom
DETROIT/BERLIN – U.S. President Donald Trump’s announcement of a 25% tariff on auto imports rippled throughout the world on Thursday, as global carmakers warned of immediate price hikes and dealers raised fears of job losses in big auto-exporting countries, many…
SK Hynix says some customers brought forward orders ahead of US tariffs
ICHEON, South Korea -South Korea’s SK Hynix, the world’s second-largest memory chip maker, said on Thursday that some customers have brought forward orders in preparation for new U.S. tariffs. Speaking at the company’s annual shareholder meeting, SK Hynix’s Head of…
Canada will respond to Trump auto tariffs with its own trade actions
Canadian Prime Minister Mark Carney said on Thursday that he would respond with unspecified trade actions if U.S. President Donald Trump imposes new auto tariffs that have expanded a global trade war and hammered stocks. Carney said he had not…
Ninestar says sale of Lexmark worth up to $150 million in equity value
BEIJING – China-based Ninestar Corp plans to sell printer and printing software maker Lexmark International II to Xerox in a deal with an equity value of up to $150 million. Ninestar said in an exchange filing on Wednesday that it…
Canada will react to Trump’s ‘attack’ soon, could impose tariffs, says Carney
OTTAWA -Canada will soon respond to new tariffs on imported vehicles announced by U.S. President Donald Trump and could impose retaliatory measures against the United States, Prime Minister Mark Carney said on Wednesday. Carney said Trump’s move was “a direct…
Trump asks if Lee Harvey Oswald was helped in assassinating JFK
WASHINGTON -U.S. President Donald Trump said on Saturday he believes the 1963 assassination of President John F. Kennedy was carried out by Lee Harvey Oswald but asked if the gunman had help. When asked if he believes Oswald killed JFK,…
South Korea’s Constitutional Court strikes down impeachment of PM Han Duck-soo
SEOUL-South Korea’s Constitutional Court ruled on Monday to strike down the impeachment of Prime Minister Han Duck-soo and restore his powers, marking the latest twist in the country’s political turmoil after his impeachment as acting president more than two months…
Trump’s Social Security chief backs down from ‘shutting down’ agency
WASHINGTON -The head of the U.S. Social Security Administration has backed down from “shutting down the agency” after a federal judge rebuked him for misinterpreting a court ruling that limited billionaire Elon Musk’s access to agency information. The agency’s leader,…
Exclusive-Thousands of agents diverted to Trump immigration crackdown
WASHINGTON -Federal agents who usually hunt down child abusers are now cracking down on immigrants who live in the U.S. illegally. Homeland Security investigators who specialize in money laundering are raiding restaurants and other small businesses looking for immigrants who…
Chuck Schumer holds firm, rejecting calls to quit as top Senate Democrat
U.S. Senate Minority Leader Chuck Schumer on Sunday dismissed calls from some Democratic lawmakers for him to step down as leader in the Senate over his approach to a recently passed government funding bill. Schumer sparked anger among Democrats last…
Oil prices hold steady as investors monitor Russia-Ukraine ceasefire talks
TOKYO – Oil prices held steady on Monday as investors assessed the outlook for ceasefire talks aimed at ending the Russia-Ukraine war, which could lead to an increase in Russian oil to global markets. Brent crude futures were down 8…
US equity funds’ weekly outflows surge to a three-month high on tariff concerns
US equity funds’ weekly outflows surge to a three-month high on tariff concerns(Reuters) – U.S. equity funds saw the largest net outflows in three months in the week through March 19 on worries about the impact of U.S. tariff policies…
Defying protests, Israeli cabinet votes no confidence in attorney general
Israeli Prime Minister Benjamin Netanyahu’s cabinet approved a no confidence motion against the attorney general on Sunday, in its latest move on officials deemed hostile to the government, defying protesters who took to the streets for a sixth day. After…
Trump’s offer of talks with Iran aims to avoid military action, US envoy says
WASHINGTON -U.S. President Donald Trump’s outreach to Iran’s top authority, Supreme leader Ayatollah Ali Khamenei, on a possible new nuclear deal is an effort to avoid military action, U.S. special envoy Steve Witkoff said on Sunday. “We don’t need to…
Ukraine, US teams hold talks in Saudi Arabia, US envoy hopeful on ending war
Ukrainian and U.S. delegations discussed on Sunday proposals to protect energy facilities and critical infrastructure, Ukraine’s defence minister said, part of a diplomatic push by U.S. President Donald Trump to end three years of war. The meeting in Saudi Arabia,…
Exclusive-Thousands of agents diverted to Trump immigration crackdown
WASHINGTON – Federal agents who usually hunt down child abusers are now cracking down on immigrants who live in the U.S. illegally. Homeland Security investigators who specialize in money laundering are raiding restaurants and other small businesses looking for immigrants…
Anti-Musk protesters gather outside Tesla dealership in Washington
Roughly 100 people waved signs and danced in protest outside a Tesla dealership in Washington on Saturday, angry at the electric vehicle maker’s billionaire CEO Elon Musk, who has led efforts to sharply cut the federal workforce. Cars driving past…
Some European officials weigh if they can rely on Fed for dollars under Trump
Some European central banking and supervisory officials are questioning whether they can still rely on the U.S. Federal Reserve to provide dollar funding in times of market stress, six people familiar with the matter said, casting some doubt over what…
Is the U.S. heading for a recession?
“The Entire World is RIPPING US OFF!!!” U.S. President Donald Trump recently wrote on his Truth Social platform. Last week, Trump threatened to slap a 200% tariff on wine, cognac and other alcohol imports from Europe, opening a new front…
Israel kills Hamas official in Gaza, mobilises ground forces
An Israeli airstrike killed a Hamas political leader in Gaza, the militant group said on Sunday, and the Israeli military announced it had mobilized more ground forces for possible activity in the Palestinian enclave. After two months of relative calm…
Canadian PM Carney calls snap election, says Trump wants to break Canada
OTTAWA -New Canadian Prime Minister Mark Carney on Sunday called a snap election for April 28, saying he needed a strong mandate to deal with the threat posed by U.S. President Donald Trump, who “wants to break us so America…
Hamas studies US ‘bridge’ proposal for truce as Israel escalates return to war
CAIRO/DUBAI – Hamas said on Friday it was reviewing a U.S. proposal to restore the Gaza ceasefire as Israel intensified a military onslaught to press the Palestinian militant group to free remaining Israeli hostages. U.S. special envoy Steve Witkoff’s “bridge”…
Russia and Ukraine accuse each other of blowing up Russian gas pumping station
MOSCOW- Russia and Ukraine accused each other on Friday of blowing up a Russian gas pumping station in a border area where Ukrainian troops have been retreating, amid talks over a proposed U.S.-backed moratorium on attacks on energy infrastructure. Video…
Heathrow says it will reopen after closure causes global flight turmoil
LONDON – Britain’s Heathrow said flights would resume later on Friday after a fire knocked out its power supply and shut Europe’s busiest airport for the day, stranding thousands of passengers and causing travel turmoil worldwide. Heathrow said its teams…
US SEC to see exodus as hundreds take Trump’s buyout offers, sources say
WASHINGTON- Wall Street’s top regulator is facing an exodus of staff across key departments as hundreds of employees have agreed to take resignation offers amid President Donald Trump and Elon Musk’s efforts to remake the U.S. government, five people familiar…
Elon Musk holds Pentagon meeting, wants leakers prosecuted
WASHINGTON- Billionaire Elon Musk held a meeting for more than an hour at the Pentagon on Friday morning as the close ally of President Donald Trump called for the prosecutions of any Pentagon officials leaking false information about his visit….
Columbia research takes immediate hit from Trump funding cuts
NEW YORK – The sudden shutdown of millions of dollars in federal funding to Columbia University this month is already disrupting medical and scientific research at the school as it confronts a Friday deadline to bow to government demands for…
FBI scales back staffing, tracking of domestic terrorism probes, sources say
WASHINGTON- The FBI has cut staffing in an office focused on domestic terrorism and has scrapped a tool used to track such investigations, in a shift that could undermine law enforcement’s ability to counter white supremacists and anti-government extremists, according…
Hedge fund pessimism over Wall Street hits 5-year high, Goldman says
LONDON-Hedge funds added more bearish positions than bullish ones in March than at any time since 2020, doubling down on bets that U.S. stocks have further to fall, according to a Goldman Sachs note sent to clients on Thursday. Since…