President Donald Trump said Friday he is calling off trade negotiations with Canada in retaliation for taxes impacting US tech firms, adding that Ottawa will learn of their new tariff rate within a week.Trump was referring to Canada’s digital services tax, which was enacted last year and forecast to bring in Can$5.9 billion (US$4.2 billion) …
Trump ends trade talks with Canada over tax hitting US tech firms Read More »
Wall Street stocks finished at fresh records Friday as US-China trade progress restored the market to its heights prior to a spring swoon brought by President Donald Trump’s tariffs.Both the S&P 500 and Nasdaq finished at all-time highs following a roller-coaster session that included a stint in negative territory after Trump announced he was breaking …
US stocks back at records on US-China trade progress Read More »
President Donald Trump said Friday he is calling off trade negotiations with Canada in retaliation for taxes impacting US tech firms, adding that Ottawa will learn of their new tariff rate within a week.Trump was referring to Canada’s digital services tax, which was enacted last year and forecast to bring in Can$5.9 billion (US$4.2 billion) …
Trump ends trade talks with Canada over tax on US tech firms Read More »
Asian markets rose Friday on fresh trade hopes and the dollar held around three-year lows amid bets of cuts to US interest rate cuts. Easing concerns about Middle East tensions also added to the upbeat mood.With the Israel-Iran ceasefire holding for now, investors were able to turn their attention back to the economy and Donald Trump’s …
Stocks climb, dollar holds on trade hopes and rate bets Read More »
US Treasury Secretary Scott Bessent signaled Thursday that a deal is forthcoming among G7 nations allowing US firms to be excluded from certain taxes imposed by other countries.”After months of productive dialogue with other countries on the OECD Global Tax Deal, we will announce a joint understanding among G7 countries that defends American interests,” he …
US Treasury signals G7 deal excluding US firms from some taxes Read More »
The dollar hit a three-year low on Thursday as President Donald Trump eyed candidates to succeed Federal Reserve boss Jerome Powell, fueling bets of cuts to US interest rates.But Wall Street rose handsomely, lifting the S&P 500 to near a closing record, following solid earnings from chip company Micron and a signal that the White …
Environmental groups raised concerns Thursday over a $6 billion Indonesian EV battery megaproject backed by Chinese giant CATL which is set to open on a once-pristine island, as Jakarta exploits its huge supply of nickel.Indonesia is both the world’s largest nickel producer and home to the biggest-known reserves, and a 2020 export ban has spurred …
Environment fears over $6 bn Indonesia EV battery project: NGOs Read More »
At a minimalist Los Angeles matcha bar, powdered Japanese tea is prepared with precision, despite a global shortage driven by the bright green drink’s social media stardom.Of the 25 types of matcha on the menu at Kettl Tea, which opened on Hollywood Boulevard this year, all but four were out of stock, the shop’s founder …
Global matcha ‘obsession’ drinks Japan tea farms dry Read More »
Thailand’s government has announced a plan to tighten the rules on selling cannabis, the kingdom’s latest attempt to restrict the drug, three years after it was decriminalised.The kingdom was the first country in Southeast Asia to decriminalise the drug when it removed cannabis from the list of banned narcotics in June 2022.The intention was to …
Thailand makes new proposal to restrict cannabis sales Read More »
Global stocks were mixed Wednesday as markets weighed lingering worries about the Iran-Israel conflict while Nvidia surged to a fresh all-time high on bullishness over artificial intelligence.Analysts cited not only concerns that the ceasefire between Iran and Israel could break down, but leaked US intelligence that said strikes had set back Tehran’s nuclear program by …
Nvidia hits fresh record while global stocks are mixed Read More »
