World News

Asian economies assess impact of fresh Trump tariff moves, confusion

The court struck down several Trump-era tariffs on Asian export giants, China, South Korea, Japan, and Taiwan, key players in tech supply chains and the global chip market

Sri Lanka's new law scrapping pensions for parliamentarians takes effect

The main aim of the bill was to repeal the Parliamentary Pensions Law No 1 of 1977 which had established a non-contributory life time pension to persons who have ceased to be members of parliament

Murky outlook for business amid Trump's new moves against SC tariff verdict

Trump admin says its tariffs help boost American manufacturers and reduce trade gap, but many US businesses have had to raise prices and adjust in other ways to offset higher costs spurred by tariffs

Russia's FSB says Ukraine can access front-line data via Telegram

Russia's communications watchdog limited access to Telegram - a popular messaging app owned by Russian-born billionaire Pavel Durov - over a week ago for failing to comply with Russian laws

Iran prepares nuclear counterproposal as Trump weighs military strikes

Iranian FM did not give specific timing for when Iran would deliver its counterproposal to Witkoff and Kushner but said a diplomatic deal could be achieved 'in a very short period of time'

Israeli strikes in Lebanon kill at least 12, intensifying regional tensions

Death toll from Friday's strikes was unusually high and comes at a moment of intensified tensions in the region as United States has threatened to strike Iran- a backer of both Hezbollah and Hamas

For Europe Inc, US tariff relief brings unexpected trade uncertainty

Many firms cautioned that Trump could pursue other avenues to impose similar tariffs, reducing the benefit of lower levies, while tariff refunds are likely to be difficult to obtain

OpenAI expects $600 bn in compute spending through 2030 ahead of IPO

The development comes as Nvidia nears finalising a $30 billion investment in OpenAI as part of a fundraising round in which the AI startup is seeking more than $100 billion

US military strikes another alleged drug boat in eastern Pacific, killing 3

Friday's attack raises the death toll from the Trump administration's strikes on alleged drug boats to at least 148 people in at least 43 attacks carried out since early September

US SC tariff verdict clouds Fed's rate path after a year of upheaval

Markets fluctuated on Friday between bets that the Fed would cut rates in June or wait until July, reflecting the complications introduced by the Supreme Court ruling

Who is Neal Katyal, the Indian-origin lawyer behind Trump tariffs verdict

The US Supreme Court's 6-3 decision striking down Donald Trump's reciprocal tariffs has put Indian-origin lawyer Neal Katyal in focus, after he successfully argued that only Congress can impose tariff

USTR plans new Section 301 probes covering major trading partners

Trump administration has cautioned foreign trading partners and the business community for months that it would use alternative tools to address its trade concerns if IEEPA tariffs were struck down

Mexico, Canada secure exemption from 10% US levy, but USMCA risks remain

Mexican and Canadian officials know that even if using IEEPA is out, the Trump administration is ready to employ other tactics to gain an edge over them

Surprise coding breakthrough that made Anthropic into an AI juggernaut

Claude Code, released publicly a year ago, quickly took off with software developers around the world, cementing Anthropic as a leader in lucrative, emerging market for so-called vibe coding products

Cuba-bound tanker carrying Russian fuels set to test Trump blockade

Pressure on Havana has been mounting since late last year, when US forces seized a ship carrying Venezuelan crude to Cuba

Microsoft appoints Asha Sharma to lead Xbox, recommits to console

Sharma, who previously held roles at Instacart and Meta Platforms Inc., was chosen for her consumer expertise and will serve as the chief executive officer of gaming, Microsoft CEO Satya Nadella said

Wikipedia founder Jimmy Wales sees no threat from Musk's Grokipedia

We would not consider for a second today letting an AI just write Wikipedia articles because we know how bad they can be, Jimmy Wales added

US revokes visas for Chilean minister, two officials over China cable plan

The rare move comes less than a month before the inauguration of right-wing President-elect Jose Antonio Kast, a close White House ally

Trump invokes 1974 trade law to impose 10% global tariff after SC setback

US President invokes Section 122 to impose 150-day import surcharge from February 24, citing a widening balance-of-payments deficit after Supreme Court strikes down reciprocal tariffs

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

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