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Trump's tariffs have not reduced Panama Canal traffic -- yet
Tariffs imposed by US President Donald Trump on dozens of countries have so far not affected container ship traffic through the Panama Canal, its administrator said Thursday. Analysts have predicted that the aggressive policy will slow down traffic through the Panama Canal, through which five percent of all global shipping passes.
Apple rejects Musk claim of App Store bias
Apple on Thursday rejected Elon Musk's claim that its digital App Store favors OpenAI's ChatGPT over his company's Grok and other rival AI assistants. App Store rankings listed ChatGPT as the top free app for iPhones on Thursday, with Grok in seventh place.
US producer inflation highest in three years in July
US producer price inflation bounced in July to its highest reading since 2022, data showed Thursday, as policymakers seek to gauge effects from President Donald Trump's tariffs. "Input costs for producers jumped in July as price pressures for businesses build from compounding tariff impacts," said Nationwide senior economist Ben Ayers in a note.
Germany's Thyssenkrupp cuts targets as US tariffs weigh
Thyssenkrupp's shares slumped Thursday as the struggling German industrial giant slashed its sales forecasts due to weak demand amid US President Donald Trump's tariff onslaught. The group has long been struggling, particularly as its traditional steel business faces competition from Asia, but the turmoil triggered by Trump's tariffs have worsened its problems.
UK economy slows less than feared after tariffs
Britain's economy performed better than expected in the second quarter as it weathered the impact of US tariffs and a higher UK business tax, official data showed Thursday. Official data Wednesday showed UK unemployment at a four-year high of 4.7 percent in the second quarter.
Asian markets mixed as bitcoin surges to new high
Bitcoin hit a new peak during early Asian trading on Thursday, as the yen surged after the US Treasury Secretary said he expects Japan to hike interest rates. The Bank of Japan, which has long maintained a negative interest rate policy, began monetary tightening in 2024.
Eyeing robotaxis, Tesla hiring New York test car operator
Tesla is recruiting a motorist to test its driver-assistance technology in New York with an eye towards autonomous driving, according to a job listing reviewed by AFP on Wednesday.
NBA approves $6.1bn sale of Boston Celtics
The NBA on Wednesday approved the sale of the Boston Celtics to an investment group led by Bill Chisholm, five months after the deal worth a then-record $6.1 billion was agreed. "The NBA Board of Governors has unanimously approved the sale of the controlling interests in the Boston Celtics to an investor group led by Bill Chisholm," the league said in a brief statement.
Striking Boeing defense workers turn to US Congress
Boeing defense industry workers currently on strike asked for congressional lawmakers' support on Wednesday as they seek to pressure the aviation giant to improve its bargaining offer to the union.
AFP
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