Author: Admin

There has been a mantra spreading among weary corporate executives who are becoming resigned to President Trump’s tariffs while still hoping to avoid the worst of their effects: Ten percent is the new zero.The statement refers to the 10 percent tariff that Mr. Trump put in place on most U.S. imports one month ago. Such a significant increase in U.S. tariffs would have been unthinkable a few years ago. But it no longer seems like such a big deal, compared with the truly large tariffs that Mr. Trump has already imposed or threatened elsewhere.Mr. Trump’s “Liberation Day” announcement on April…

Read More

The developer of the Hornsea 4 windfarm expansion has “discontinued” the project, blaming a surge in challenges including higher costs.Orsted made the announcement while revealing a bigger than expected rise in first quarter profits despite increased headwinds facing its offshore wind interests. The Danish firm secured funding for both Hornsea 3 and Hornsea 4 under the government’s auction of renewable energy “contracts for difference” last year.Money latest: The challenges faced by a house seller The projects, when combined, would have more than doubled the size of the existing Hornsea windfarm off the East Yorkshire coast – already the world’s largest.…

Read More

Google’s ad business could be broken up Google’s illegal monopoly control over the internet ad market may lead to it having to sell off AdX and DFP if the U.S. Department of Justice has its way. U.S. regulators have been on a tear in recent years targeting what they believe are illegal monopolies. At the top of that list is Google, first for its search platform, and now for its ad platform. According to a new filing by the U.S. Department of Justice, covered by Reuters, the AdX digital marketplace and DFP platform should be sold off. AdX is where companies bid…

Read More

News of the talks was met with excitement on stock markets, with Hong Kong, Shanghai, Singapore, Sydney, Seoul, Taipei, Wellington, Manila, Bangkok and Jakarta all in positive territory. Tokyo fell with London and Paris. Frankfurt was flat. Pakistan’s stock index sank more than 6 per cent at the open but India’s Sensex was flat after the two countries exchanged heavy artillery fire along their contested frontier on Wednesday. The clashes came after New Delhi launched missile strikes on Pakistan in a major escalation between the nuclear-armed neighbours following a deadly attack on the Indian-run side of Kashmir that India blames…

Read More

Pakistani soldiers take security measures around the city as the people panic during blackout after India launches strikes on Pakistan, in Muzaffarabad, Pakistan on May 7, 2025. Anadolu | Anadolu | Getty ImagesInvestors are sticking with the India story, with optimism on its growth prospects dwarfing geopolitical fears.Indian markets shrugged off the latest tensions with Islamabad after New Delhi struck several targets within territory controlled by Pakistan in a military operation early Wednesday.”Structural reforms, resilient domestic demand, and strong macro fundamentals continue to offer a compelling case,” said Mohit Mirpuri, an equity fund manager at SGMC Capital.”Investors may take a…

Read More

The Kamler family, owner of Fairfield, New Jersey-based Kent International, has been in the bicycle business for four generations. “When I joined the company in 1972, we had six employees, including both my parents and myself,” former Kent International CEO Arnold Kamler told CBS News. “And as of a few months ago we had over 200 employees.” Arnold took over Kent International from his father. Now his son, Scott Kamler, is CEO. They sell about two million bikes per year in the U.S. and they’re one of Walmart’s biggest suppliers. But President Trump’s plan for tariffs is throwing a wrench into their…

Read More

[WASHINGTON] Google last year began offering some artificial intelligence (AI) firms a way to anchor chatbot responses in its search results, but still reserves key features for its own AI service, Gemini, a company executive testified. Liz Reid, Google’s head of search, was describing in court on Tuesday (May 6) how the Alphabet unit handles requests for its data to be used by AI models. Google has been pushing back on a proposal by the US Justice Department (DOJ) that the company share much of the data it collects to build its search results. Reid’s testimony that Google’s current practices…

Read More