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Economy

Trump's sweeping new tariffs take effect against dozens of countries

Economy

Trump’s sweeping tariffs now enforced against dozens of nations

Karem Wintourd Penn

The United States has implemented a significant expansion of import tariffs affecting goods from numerous countries, marking a major shift in international trade policy. These measures, which went into effect…

Chinese nationals charged with exporting Nvidia AI chips to China

Economy

Chinese nationals implicated in Nvidia AI chip exports to China

Karem Wintourd Penn

A group of Chinese nationals has been formally indicted in the United States over allegations of illegally exporting high-performance Nvidia AI chips to China, raising concerns over technology transfer, national…

Trump hits India with extra 25% tariff for buying Russian oil

Economy

India slapped with 25% extra tariff by Trump for Russian oil purchases

Karem Wintourd Penn

Ex-President Donald Trump of the United States has declared a fresh 25% duty on products from India due to the nation's continuous acquisition of oil from Russia, sparking renewed discussions…

BP to review oil and gas projects to boost profits

Economy

BP considers oil and gas project review to boost earnings

Karem Wintourd Penn

BP is undertaking a strategic review of its oil and gas operations as part of a broader effort to enhance profitability and improve shareholder value. The move signals a renewed…

How South Korea's K-beauty industry is being hit by Trump tariffs

Economy

South Korea’s K-beauty industry faces challenges from Trump tariffs

Karem Wintourd Penn

South Korea's internationally acclaimed K-beauty sector is encountering heightened challenges due to tariffs implemented under the trade policies from the tenure of previous U.S. President Donald Trump. Originally applauded for…

Tesla awards boss Elon Musk bn in shares

Economy

Tesla gives Elon Musk $29bn in shares

Karem Wintourd Penn

Tesla CEO Elon Musk has been granted a substantial stock award valued at approximately $29 billion, marking one of the largest executive compensation packages in corporate history. The award, tied…

After a blown deadline, what next for US-Canada trade?

Economy

US-Canada trade relations: Next steps after missed deadline

Karem Wintourd Penn

The recent failure to meet a key trade deadline between the United States and Canada has left both governments and industry stakeholders uncertain about the next phase in their economic…

Shock and relief - businesses worldwide react to new Trump tariffs

Economy

Shock and relief – business leaders worldwide on Trump’s new tariffs

Karem Wintourd Penn

The latest declaration by Donald Trump regarding additional tariffs has provoked a wave of responses in worldwide markets. Companies in different industries are currently reassessing their plans to deal with…

Confusion and anger in Switzerland - hit by highest tariffs in Europe

Economy

Switzerland shocked by highest tariffs in Europe

Karem Wintourd Penn

The introduction of new commercial tariffs has led to widespread misunderstanding and increasing discontent in Switzerland, which now contends with some of the highest import taxes in Europe. Companies, economists,…

EU-US tariff deal not finished yet, say Europeans unhappy with Trump's terms

Economy

Europeans dissatisfied with Trump’s terms stall EU-US tariff negotiations

Karem Wintourd Penn

Efforts to finalize a trade agreement between the European Union and the United States are still in progress, with European representatives voicing growing frustration over the terms proposed by the…