Browsing: Business

MENLO PARK, California, November 28, 2025: Meta Platforms is in advanced discussions with Google to spend billions of dollars on the search giant’s custom artificial intelligence chips, according to The Information. The deal, if finalized, would mark one of the largest technology supply agreements in the AI hardware sector and could reshape relationships among the world’s top data center operators. The report said Meta is considering deploying Google’s tensor processing units, or TPUs, across its global data centers beginning in 2027. The companies are also discussing a short-term arrangement that would allow Meta to rent access to Google Cloud’s TPUs as early as next year. The proposed commitment underscores…

EU and US resume trade talks in Brussels to resolve steel, aluminium and food tariff disputes after a two-month pause in July’s agreement.

WASHINGTON, Nov 21, 2025: U.S. President Donald Trump has signed an executive order lifting a 40 percent tariff on Brazilian beef, coffee, cocoa and certain fruit imports, a move aimed at easing pressure on food prices as consumer costs remain elevated. The measure takes effect immediately for goods entering U.S. markets from November 13, 2025, and includes provisions allowing importers to apply for retroactive refunds of tariffs paid since that date. The order reverses a tariff policy introduced earlier this year that had imposed a 40 percent surcharge on top of an existing 10 percent duty, resulting in combined rates of up to 50 percent on…

NEW YORK, November 21, 2025: One of Bitcoin’s earliest and wealthiest known investors has reportedly sold his entire cryptocurrency holdings valued at approximately $1.3 billion, marking the end of a 14-year association with the digital asset. According to blockchain analytics firm Arkham Intelligence, the massive liquidation was linked to wallets controlled by Owen Gunden, an early Bitcoin trader and one of the first individuals to capitalize on global arbitrage opportunities in the cryptocurrency market. Arkham’s data shows that Gunden’s wallets, dormant for years except for minor internal transfers, began moving substantial amounts of Bitcoin in recent weeks. The activity intensified through October and…

WASHINGTON, November 19, 2025: The United States has approved the sale of F-35 Lightning II fighter jets to Saudi Arabia, marking a significant shift in American defense exports and signaling closer strategic ties between Washington and Riyadh. President Donald Trump confirmed the decision this week following months of discussions with U.S. defense officials and Saudi representatives. The proposed sale includes up to 48 F-35A aircraft, the conventional takeoff and landing variant used by the U.S. Air Force, along with a package of maintenance support, weapons systems, and pilot training. The agreement forms part of a broader U.S.-Saudi Strategic Defense Framework that also includes the planned…

Washington, D.C. | November 16, 2025: The United States has announced a major revision to its reciprocal tariff policy, exempting a broad range of agricultural and processed-food products from additional import duties. The move, signed into effect by President Donald Trump on November 14, 2025, effectively reduces import tariffs from as high as 50% to zero on several key commodities, including coffee, tea, fruits, nuts, spices, and essential oils. The exemptions took effect on November 13 and are expected to ease trade pressures on several partner economies, including India. In an executive order released from Washington, President Trump said the decision was made following “additional information and recommendations” from trade and…

U.S. imposes steep tariffs on Italian pasta imports, raising total duties above 100% and triggering opposition from Italy and the European Commission.

WASHINGTON, November 10, 2025: Global equity markets advanced Monday as technology shares rebounded and the U.S. Senate moved closer to ending the federal government shutdown. Investor sentiment improved across regions, with major indices in Asia, Europe, and the United States gaining ground amid renewed optimism in global markets. In the U.S., futures tied to the S&P 500 rose about 0.9 per cent, while futures for the Dow Jones Industrial Average gained around 0.4 per cent. In Europe, Germany’s DAX Index increased by roughly 1.8 per cent and France’s CAC 40 climbed 1.4 per cent. The U.K.’s FTSE 100 also advanced, buoyed by improved investor sentiment. In Asia, the rally was…

Stocks weakened worldwide as the AI bubble debate intensified, driving volatility across major U.S. and global indices.

SEATTLE, Nov. 4: U.S. coffee chain Starbucks Corporation has agreed to sell a majority stake of its China operations to Chinese investment firm Boyu Capital in a deal valued at approximately US $4 billion. Under the agreement announced Monday, Boyu will acquire up to a 60 percent interest in Starbucks’ retail operations in China. Starbucks will retain the remaining 40 percent and will continue to own and license its brand and intellectual property to the newly formed venture. The agreement formalises the creation of a joint venture to operate Starbucks stores in mainland China. The enterprise value of the portion being acquired by Boyu is based…