World News

Trump has other tariff options after SC strikes down his import taxes

The president acted alone even though the US Constitution specifically gives the power to tax and impose tariffs to Congress

How firms can claim refunds after US Supreme Court rejected Trump's tariffs

The court did not say how the government should refund the illegal tariffs, worth an estimated $175 billion

Trump tariffs struck down: A timeline of how the trade upheaval unfolded

President Trump last year invoked emergency powers to impose sweeping tariffs on imports; A year later, the Supreme Court ruled he exceeded his authority, ending an aggressive tariff regime

Business celebrates win over Trump tariffs, but refunds may take time

Shares of affected companies reacted positively, including Europe's luxury brands from LVMH to Hermes and Italian luxury outerwear group Moncler, all of which rose after the ruling

Democrats claim victory for Americans as court rules Trump tariffs illegal

The US Supreme Court rejected the use of a national emergency law to justify broad tariffs on imported goods

Wall Street rises after US Supreme Court rules against Trump's tariffs

Shares of legacy automaker General Motors recouped some losses and were last down 0.1%, while Ford Motor was last up 1%

US Supreme Court strikes down President Donald Trump's global tariffs

Trump has leveraged tariffs - taxes on imported goods - as a key economic and foreign policy tool

US Treasuries fall after Supreme Court scraps Donald Trump's tariffs

Yields rose broadly following the court's decision with the rate on the benchmark 10-year note climbing to 4.10%

SC ruling on Trump's tariffs: UK expects favourable US trade to continue

UK says its lowest reciprocal tariffs and close ties will safeguard its privileged trade position with the US after the Supreme Court strikes down Trump's sweeping tariffs

EU reviews US Supreme Court decision striking down Trump's tariffs

"We take note of the ruling by the US Supreme Court and are analysing it carefully," said the spokesperson

DHL closely monitoring US tariff developments after Supreme Court ruling

Supreme Court struck down sweeping tariffs under a law meant for national emergencies

US GDP growth slows sharply in Dec quarter amid moderate consumer spending

Gross domestic product increased at a 1.4% annualized rate last quarter, the Commerce Department's Bureau of Economic Analysis said in its advance estimate of fourth-quarter GDP

Trump's Iran ultimatum sets up potential attacks following IAEA meeting

The prospect of a war between the US and Iran has triggered a rise in oil prices, with Brent trading above $71 a barrel - near six-month highs - and on course for a 5% gain across the week

Netanyahu calls India 'gigantic power' ahead of PM Modi's Israel visit

"We will also act to tighten alliances with our allies. Next week, the Prime Minister of India will visit the country a gigantic power," Netanyahu said

Saudi Arabia may enrich uranium under proposed US deal, warn experts

The push for a Saudi-US deal comes as Trump threatens military action against Iran if it doesn't reach a deal over its nuclear program

Why Nvidia scrapped its $100 bn OpenAI deal for a $30bn investment

Nvidia's equity bet follows the collapse of a long-term compute pact, as OpenAI secures fresh funding and expands infrastructure partnerships beyond a single chip supplier

Trump climate health rollback may hit poor, minority areas hardest: Experts

The Trump administration said the finding - a cornerstone for many regulations aimed at fighting climate change - hurts industry and the economy

Nasa conducts second rocket fuelling test for Artemis moon mission

Nasa completed the test late at night and said there was minimal hydrogen leakage, well within safety limits

Social media firms face legal reckoning over mental health harms to kids

Now, these tech giants are getting a chance to make their case in courtrooms around the country, including before a jury for the first time

Venezuela approves amnesty bill that could free many political prisoners

The measure is expected to benefit opposition members, activists, human rights defenders, journalists and many others who were targeted by the ruling party over the past 27 years