Author: Admin
NEW YORK : The U.S. dollar dropped across the board on Friday, as investors dumped the currency after U.S. President Donald Trump once again ratcheted up his trade war, recommending that the European Union be hit with 50 per cent tariffs beginning June 1.That rekindled concern about the impact of duties on the world economy and global trade.Trump said in comments on social media that the EU was “very difficult to deal with” and “our discussions with them are going nowhere.”He threatened in a separate post to impose a 25 per cent tariff on Apple iPhones not made in the…
[SINGAPORE] Premiums for most Certificates of Entitlement (COEs) categories retreated in May’s second round of bidding, with the mainstream-car category remaining almost unchanged, and the large-car category posting the biggest drop. This comes as passenger car COE premiums have been on the up since February, with the mainstream-car category setting new records in the preceding two rounds of bidding by cracking the S$100,000 mark. The Category A premium ticked downward just half a percentage point or S$508 to S$102,501. Category A is for mainstream cars that have engines of up to 1,600 cubic centimetres (cc) in capacity or with up…
United States President Trump has again threatened to levy a large tariff on the import of Apple’s iPhones, saying that he “long ago informed” Apple CEO Tim Cook that they should be built in the United States. Trump, posting on his TruthSocial account, said that he didn’t want iPhones to be built in “India, or anyplace else”. Apple currently has its iPhones assembled in India and China. Trump’s post threatened a 25% tariff on iPhones that are not built in the United States (which is all of them,) although it remains to be seen if that comes to fruition. Tariffs…
President Donald Trump says U.S. Steel will keep its headquarters in Pittsburgh as part of what he called a “planned partnership” between the iconic American steelmaker and Japan-based Nippon Steel, which has sought to buy itWASHINGTON — President Donald Trump said Friday that U.S. Steel will keep its headquarters in Pittsburgh as part of what he called a “planned partnership” between the iconic American steelmaker and Japan-based Nippon Steel, which has sought to buy it.Nippon Steel’s nearly $15 billion bid to buy U.S. Steel was blocked by former President Joe Biden and, after Trump became president, subject to another national…
Computex 2025 is drawing to a close today, putting a period on a fairly sleepy convention—at least, compared to previous years. But while the big hardware announcements may have left PC building enthusiasts craving more, fun components still could be found around the show. Like PC cases. I haven’t been on the show floor, but I’m still pumped for the news that I’ve been devouring while at home. I wasn’t exactly planning a makeover for my rig just yet, but I’m now awfully tempted by what’s coming down the pipeline. Especially by one case in particular.(It’s not the one all…
Australia officially removed Cyprus-based businessman and philanthropist Igor Makarov from its autonomous sanctions list, becoming the second Western government after the United Kingdom to reverse sanctions imposed following Russia’s 2022 Ukraine invasion. The decision followed a comprehensive official review, with Makarov welcoming the recent delisting. Australia, May 23, 2025 — Australia has officially removed Igor Makarov, a Cyprus-based businessman and philanthropist, from its autonomous sanctions list, making it the second Western government, after the United Kingdom, to reverse sanctions initially imposed in response to Russia’s 2022 invasion of Ukraine. Notably, neither the United States nor the European Union have sanctioned…
WASHINGTON :U.S. President Donald Trump appeared to give his approval to Nippon Steel’s $14.9 billion bid for U.S. Steel on Friday, saying the “planned partnership” between the two would create jobs and help the American economy.Shares of U.S. Steel soared 21 per cent as investors interpreted the post on Truth Social to mean Nippon Steel’s takeover of U.S. Steel was nearing completion, having cleared the last major hurdle with Trump’s apparent approval.”This will be a planned partnership between United States Steel and Nippon Steel, which will create at least 70,000 jobs, and add $14 Billion Dollars to the U.S. Economy,”…
McDonald’s locations are disappearing in downtown Chicago McDonald’s locations are disappearing in downtown Chicago 03:25 McDonald’s on Friday said it will shutter its CosMc’s chain, pulling the plug on the beverage-focused spinoff only two years after debuting the chain. In a statement, McDonald’s said it will start closing its standalone pilot CosMc’s locations in June, and will also discontinue its CosMc’s app. The CosMc’s chain opened its first location in Illinois in December 2023. The idea was to create a chain that could compete with Starbucks and Dunkin’ Donuts in providing customized beverages that are difficult for traditional McDonald’s restaurants to create. McDonald’s…
NEWPORT BEACH, Calif., May 24, 2025 /PRNewswire/ — MindHYVE™, a global pioneer in Agentic Artificial Intelligence (AI) and Artificial General Intelligence (AGI), will headline the Connected Africa Summit 2025, taking place May 26–29 at the Diamonds Leisure Beach & Golf Resort in Diani, Kenya. Bill Faruki, Founder & CEO of MindHYVE.ai™, to Deliver Opening Remarks, Keynote Address, and AGI Masterclass at Connected Africa Summit 2025 Founder & CEO Bill Faruki will lead the summit’s discourse with three high-profile engagements: Opening RemarksLaunching the summit by outlining a bold vision for Africa-led intelligence architectures, sovereignty in AI development, and scalable digital…
The Labor Department is terminating grant funding it gave to states to modernize their unemployment systems after the jobless aid system struggled to respond to the economic turmoil caused by the pandemic. “These grants are being terminated because they no longer effectuate the Department’s priorities for its grant funding,” according to a congressional notification sent Thursday and obtained by Nextgov/FCW, which said that the department would be sending states letters to terminate all grants.Congress gave the department $2 billion for unemployment modernization as part of the American Rescue Plan Act in 2021, although it later cut that funding in half. During the…