The United States and the European Union on Thursday locked in a framework trade deal reached last month that includes a 15% U.S. tariff on most EU imports, including autos, pharmaceuticals, semiconductors and lumber. In a 3-1/2-page joint statement, the two sides listed the commitments made, including the EU’s pledge to eliminate tariffs on all … Read more
The Trump administration has stripped Harvard University of its ability to enroll international students. The decision, announced by homeland security secretary Kristi Noem, targets one of the world’s most prestigious universities and puts nearly 6,800 foreign students-over a quarter of Harvard’s enrollment—at risk of losing their legal status in the United States.The administration’s action is … Read more
India is emerging as one of the least affected markets in the region when it comes to former U.S. President Donald Trump’s trade policies, highlighted a report by global brokerage firm CLSA. The report stated that this resilience is attributed to India’s relatively low trade exposure to the U.S., manageable corporate leverage, and declining levels … Read more
United States President Joe Biden met with Chinese President Xi Jinping for the last time in Peru on Saturday, The Hill reported. Biden met with Xi on the sidelines of the Asia-Pacific Economic Cooperation summit in Peru on Saturday. As per The Hill, during the meeting, Xi said that China is “ready to work” with … Read more
Sequoia’s Doug Leone donated over $100,000 to Trump’s 2020 election efforts and also donated to Josh Hawley’s 2018 Senate campaign, public records show. As other pro-Trump business people and tech CEOs condemn last week’s Capitol Hill insurrection, Leone has remained quiet, alongside other, deep-pocketed Trump supporters in Silicon Valley. The Capitol Hill riots have renewed … Read more
US officials have said TikTok under its Chinese parent poses a national risk because of the personal data it handles. Trump said on Friday he was planning to ban TikTok in the United States after dismissing the idea of a sale to Microsoft. But following a discussion between Trump and Microsoft CEO Satya Nadella, the … Read more
By far the worst quarterly plunge ever — when the viral outbreak shut down businesses, throwing tens of millions out of work and sending unemployment surging to 14.7 %, the government said Thursday. The Commerce Department’s estimate of the second-quarter decline in the gross domestic product, the total output of goods and services, marked the … Read more