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Tariff-hit British Steel confirms furnace closures
Chinese-owned British Steel confirmed Thursday plans to shut blast furnaces and other operations in England, blaming a decision that risks up to 2,700 job losses partly on US tariffs.
Japan warns of 'significant impact' from US tariffs
Japan's government warned Thursday of a "significant impact" on its economic ties with the United States and on global trade, after President Donald Trump announced import tariffs on cars.
UK town motors on as historic Vauxhall plant to shut
At regular intervals, vehicle transporters exited the front gates of the historic Vauxhall plant in the English town of Luton, loaded with white electric vans straight off the assembly line.
Autos lead Asian market losses after Trump's latest tariffs salvo
A plunge in automakers hit Asia equities Thursday after Donald Trump announced painful tariffs on all imported vehicles and parts as he presses hardball trade policies many fear will spark a recession. Key automobile parts will also be hit within the month.
AI's impact on jobs, tech's touchy topic
"Stop Hiring Humans" read a provocative sign at an AI conference in Las Vegas, where the impact of new artificial intelligence models on the world of work had sparked some unease. We're sparking the conversation," said Fahad Alam of Artisan, a startup, at the HumanX AI event.
Chile rocked by clashes over fishing quotas
Chilean police fired tear gas and water cannon Wednesday as they battled with hundreds of fishermen who threw stones and burned tires to press for greater catch rights, leaving at least 15 officers and a protester hurt. Police fired tear gas and used at least three water cannon to disperse the protests, which Vasquez termed "very violent" and lasted several hours.
Market tracker expects brands' fear of Musk to boost X ad revenue
Emarketer on Wednesday forecast that ad revenue at X, formerly Twitter, will grow this year as brands fear retaliation by politically connected owner Elon Musk if they stay away. Emarketer forecast that Meta ad revenue will grow slightly more than 11 percent in the United States this year.
Tesla troubles: Speed bump or early signs of impending crash?
Tesla, the Elon Musk-run auto company, has had a turbulent time recently, fueled by its chief executive's close ties to Donald Trump and increased electric vehicle competition. In his view, Tesla and Musk both enjoy the unwavering loyalty of shareholders, but to reassure them, some sort of senior executive should be appointed to take care of the day-to-day running of the company from Musk.
Trump tariffs could push up inflation: senior Fed official
US President Donald Trump's tariff plans could increase inflation by as much as 1.2 percentage points if they are fully implemented, a senior Federal Reserve official said Wednesday.
AFP
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