Business / World Business

How Tim Cook helped Apple out of Trump’s tariff storm - for now 17 Apr 2025 - 11:47 pm

As President Donald Trump’s enormous new tariffs on China rippled through global supply chains, Apple CEO Tim Cook went to work behind the...

IMF chief warns of "costly" uncertainty amid recent tariff increases 17 Apr 2025 - 08:15 pm

Washington: International Monetary Fund (IMF) Managing Director Kristalina Georgieva on Thursday warned that uncertainty is "costly" amid recent tariff increases, noting that rising...

Meta to start using Europeans' data for AI training May 27 16 Apr 2025 - 08:04 pm

Paris: Meta will start using public posts and comments by its European users to train generative artificial intelligence (AI) models from May 27,...

Hermes overtakes LVMH as world's most valuable luxury group 15 Apr 2025 - 07:34 pm

Paris: French group Hermes overtook LVMH as the world's most valuable luxury company on Tuesday after shares in the Louis Vuitton maker tumbled...

Gold prices ease from record highs as Trump grants tariff exemptions 14 Apr 2025 - 08:21 pm

Singapore: Gold prices retreated on Monday from a record high hit earlier in the session as trade tensions eased after US President Donald...

TikTok fuels ByteDance revenue as US ban looms 10 Apr 2025 - 09:11 pm

San Francisco: TikTok's international revenue boomed last year as China-based parent ByteDance faced a deadline to sell the app or have it banned...

EU, UAE agree to launch trade deal negotiations 10 Apr 2025 - 08:50 pm

Brussels: The European Union and the United Arab Emirates have decided to launch talks on a free trade agreement, the 27-nation bloc said...

Gold price hits record high as dollar crashes 10 Apr 2025 - 08:21 pm

London: The price of gold, seen as an investment haven, struck a record high Thursday as the dollar tumbled on renewed fears over...

Italy's Prada says to buy rival Versace for 1.25 bn euros 10 Apr 2025 - 04:03 pm

Milan, Italy: Italian fashion house Prada announced Thursday that it had reached a deal with US group Capri Holdings to buy Versace for...

UK supermarket Tesco warns on profits as competition rises 10 Apr 2025 - 01:44 pm

London: Britain's largest retailer Tesco on Thursday reported that its annual profit jumped but it lowered its 2025/2026 guidance on increased supermarket competition....

Stocks zoom higher as Trump delays painful tariffs 10 Apr 2025 - 12:26 pm

Hong Kong: Stocks rocketed Thursday as a relief rally spread through markets after Donald Trump paused crippling tariffs on US partners, with Chinese...

Bank of England warns on UK financial stability 10 Apr 2025 - 10:59 am

London: The Bank of England on Wednesday warned of risks to UK financial stability from increased geopolitical tensions, including fallout from US President...

Canada’s 25% tariffs on US automobile imports take effect 10 Apr 2025 - 10:57 am

Ottawa: The Canadian government announced the implementation of new customs measures starting yesterday, including a 25 percent tariff on imported vehicles of certain...

Amazon cancels some inventory orders from China after tariffs 09 Apr 2025 - 06:57 pm

Amazon.com Inc. has canceled orders for multiple products made in China and other Asian countries, according to a document reviewed by Bloomberg and...

Equities, oil plunge as US, China crank up trade war 09 Apr 2025 - 02:48 pm

London: Stock markets tumbled along with oil and the dollar Wednesday as US President Donald Trump's sweeping tariffs against trading partners kicked in,...

Bank of England warns on UK financial stability amid tariffs 09 Apr 2025 - 02:15 pm

London: The Bank of England on Wednesday warned over risks to UK financial stability from increased geopolitical tensions, including fallout from US President...

Trump's new tariffs take effect, with 104% on Chinese goods 09 Apr 2025 - 11:37 am

Washington: US President Donald Trump's punishing tariffs on dozens of economies came into force Wednesday, including over 100 percent in levies against Chinese...

India central bank cuts interest rates as Trump tariffs kick in 09 Apr 2025 - 10:52 am

Mumba: India's central bank cut interest rates in the world's fifth-largest economy on Wednesday as US President Donald Trump's tariffs kicked in and...