In a significant escalation of trade tensions, the White House publicly confirmed that President Donald Trump plans to impose substantial tariffs on several key trading partners, aiming to exert influence on both foreign policy and domestic issues. This announcement, made by White House Press Secretary Karoline Leavitt, has sparked immediate reactions across financial markets and
World
On Thursday, Shell, the prominent British energy corporation, disclosed a notable decline in its annual profit, largely attributed to increased exploration write-offs and decreased trading margins in conjunction with a downturn in crude oil prices towards the year’s conclusion. The oil giant recorded adjusted earnings of $23.72 billion for the full year of 2024, a
In a financial landscape that often resembles a roller coaster, Norway’s sovereign wealth fund—recognised as the largest of its kind worldwide—has showcased remarkable resilience and adaptability. Posting a staggering profit of 2.5 trillion kroner (approximately $222.4 billion) for the year 2024, the fund’s performance marked a new benchmark, surpassing its previous record of 2.22 trillion
Nvidia’s stock faced a dramatic upheaval recently, primarily influenced by the emergence of a groundbreaking artificial intelligence model developed by the Chinese startup DeepSeek. This event not only triggered a surprising plunge in Nvidia’s stock value but also sent shockwaves through the entire tech industry, serving as a stark reminder of the volatility that reigns
The semiconductor industry, particularly in Japan, faced a significant upheaval recently, stirred by growing competition from artificial intelligence (AI) startups in China, especially the rapid developments of DeepSeek. This Chinese AI company poses a substantial threat to established leaders in the global tech arena, particularly the United States, drawing concerns not just domestically but across
On a recent Saturday, tens of thousands of Germans gathered in Berlin and various cities nationwide, making a bold statement against the surge of the far-right, anti-immigrant Alternative for Germany (AfD) party. The protest coincided with heightened political tensions as Germany approached a general election scheduled for February 23rd. Demonstrations at iconic sites like the
In a significant development in the ongoing conflict between Israel and Hamas, four female Israeli soldiers were freed by the militant group Hamas in exchange for around 200 Palestinian prisoners. This event unfolded on Saturday as part of a ceasefire agreement that sought to mitigate the hostilities that have ravaged Gaza for the past 15
As the fourth-quarter earnings season approaches, investors are keenly observing how major companies performing under the S&P 500 will fare. This week, 90 companies in the S&P 500, including eight from the Dow Jones Industrial Average, are set to disclose their quarterly results. Given the diversity in sectors represented, insights from these reports will shed
In a remarkable turnaround that underscores the dynamic nature of the semiconductor market, SK Hynix, one of the premier players in the global memory chip industry, reported unprecedented quarterly earnings. The company’s financial performance, as revealed in its fourth-quarter results, showcased strong sales of high bandwidth memory (HBM) which is pivotal in powering generative AI
The discussion surrounding tariffs has been a contentious element of international trade policy, particularly during President Donald Trump’s administration. With the announcement of a potential 10% tariff on Chinese goods due to the ongoing fentanyl crisis, the implications extend beyond mere economic adjustments; they delve into the fabric of domestic and global relationships. Trump’s remarks,