Business and Economy

Business and Economy Latest News

Trump clashes with Fed chief Powell over interest rates
Trump clashes with Fed chief Powell over interest rates
by  AFP

US President Donald Trump blasted Federal Reserve chairman Jerome Powell on Thursday for not lowering interest rates, calling him "always TOO LATE AND WRONG." "Powell's termination cannot come fast enough," Trump wrote on his Truth Social platform. "Too Late should have lowered Interest Rates, like the ECB, long ago, but he should certainly lower them now."

EU hopes Trump tariffs can nudge Mercosur deal past finish line
EU hopes Trump tariffs can nudge Mercosur deal past finish line
by  AFP

The spectre of a transatlantic trade war is also fuelling hopes of a silver lining in Europe: that a commerce deal with four South American countries could get a final green light despite longstanding French opposition. In exchange, the South American nations would be able to export meat, sugar, rice and soybeans, which worries European farmers concerned about cheaper goods pricing them out.

Taiwan's TSMC says net profit rose 60.3% in first quarter
Taiwan's TSMC says net profit rose 60.3% in first quarter
by  AFP

Taiwanese chipmaking titan TSMC reported Thursday a surge in net profit for the first quarter and forecast robust demand for artificial intelligence technology, despite the spectre of US tariffs on the critical sector.

Energy

Money

Industry

Technology

Economy