Category: Business

Donald Trump has hit the 30-day pause button on imposing 25% tariffs on Canada and Mexico, but is proceeding with slapping 10% tariffs on Chinese imports, and tariffs on the EU are still on his agenda. Trump has declared that “tariff” is “the most beautiful word in the dictionary”. Yet as the president weighs up […]

The UK Treasury Committee has initiated a comprehensive inquiry into the rising use of artificial intelligence (AI) in financial services, particularly in banking, pensions, and investment sectors. With 75% of firms already incorporating AI technologies and another 10% planning to adopt them in the next three years, the Committee seeks to evaluate both the opportunities […]

Community members coordinated to pack Little Rock City Hall on Tuesday, where board members voted 5-3 to end the city’s contract with ShotSpotter. Initially funded through a federal grant, Little Rock began its experiment with the “gunshot detection” sensors in 2018. ShotSpotter (now SoundThinking) has long been accused of steering federal grants toward local police […]

Ferrari NV (NYSE: RACE; BIT: RACE) is making its first foray into the fully electric vehicle market, unveiling plans for its debut electric car, scheduled for a global reveal on October 9 at the company’s headquarters in Maranello, Italy. This marks a significant milestone for the luxury sports car manufacturer, renowned for its high-performance gasoline […]

In a significant move to ease its financial strain, Pakistan has reached an agreement with the Saudi Fund for Development to defer a $1.2 billion payment for oil imports, extending the repayment period by one year. Prime Minister Shehbaz Sharif’s office hailed the deal as a step towards strengthening Pakistan’s economic stability, ensuring a steady […]

Pilot Co., the fuel retail giant under the umbrella of Berkshire Hathaway, is pulling the plug on its international oil trading operations, according to Reuters. The company, which was once part of Warren Buffett’s foray into the global oil trade, has decided to consolidate its efforts back into its core business—fuel retail across North America. […]

In recent years, British farmers have faced growing pressures, from Brexit to COVID and the Ukraine war. For some of them you can now add planned inheritance tax (IHT) reforms – announced in the budget last autumn – to that list. The proposals to cut certain agricultural reliefs sparked protests by farmers across the UK. […]

Latest information gleaned from patent filings featuring in WIPO’s Technology Trends report on the Future of Transportation, offers a tempting glimpse of a not-so distant and enticing future where there’s less traffic pollution, fewer snarl-ups and air travel to the other side of the world – made possible in just a few hours. “Analysis of patents […]

Huawei has reported impressive growth for 2024, with total revenue surpassing CNY 860 billion ($110.6 billion), marking a 22% year-on-year increase. The company’s consumer business, in particular, has shown signs of recovery, while its infrastructure sales remain stable. The full 2024 financial results are expected to be released in March. Despite facing ongoing external challenges, […]

Introduction: The trade war between the United States and China, initiated by President Donald Trump in 2018, had wide-ranging economic consequences for both countries. The imposition of tariffs and the resulting trade disruptions not only affected bilateral trade but also influenced global supply chains, consumer prices, and industries across the world. This analysis provides a […]