Key Business News

Microsoft Challenges U.S. AI Export Restrictions: Calls for Policy Reassessment

Microsoft’s Stance on AI Chip Export Controls Microsoft has urged the U.S. government to reconsider its latest AI chip export restrictions, warning that such measures may have unintended consequences on innovation and economic competitiveness. The U.S. recently tightened export controls, further limiting China’s access to advanced AI chips and technology. While the policy aims to

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U.S.-China Trade War Heats Up with Tariff Escalations and Retaliatory Measures

Trade tensions between the United States and China have reached a new high as both nations imposed fresh tariffs and economic restrictions, creating ripple effects across global markets. The latest escalation follows the Biden administration’s decision to levy a 10% tariff on Chinese imports, citing concerns over unfair trade practices and China’s role in the

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Apollo Chief Predicts Wave of Asset Partnerships Will Shake Up Wall Street

Apollo Global Management’s CEO Marc Rowan and Chief Economist Torsten Sløk foresee a major transformation on Wall Street as asset partnerships between banks and alternative investment firms gain momentum. These collaborations, primarily between private credit firms and traditional banking institutions, have surged in recent months, signaling a shift in capital allocation and lending strategies. The

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Trump Pulls US Back from Brink of Trade War with Mexico and Canada

Former President Donald Trump has reversed course on escalating trade tensions with Mexico and Canada, moving to de-escalate a potential economic conflict that could have disrupted key industries and supply chains. The move follows weeks of heightened rhetoric over tariffs, cross-border trade imbalances, and broader geopolitical considerations. Background of the Trade Dispute The tensions stemmed

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Global Economic Growth Slows to 2.4% in 2024 Amid Policy Uncertainty

Economic Expansion Falls Short of Long-Term Goals The global economy is projected to grow by 2.4% in 2024, down from 2.7% in 2023, according to the latest United Nations World Economic Situation and Prospects 2024 report. This remains below the pre-pandemic annual growth rate of 3%, signaling persistent economic challenges and a slower-than-expected recovery. High

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U.S. Government Shutdown Averted, Bringing Relief to Markets

In a critical moment for the U.S. economy, lawmakers reached a last-minute agreement to prevent a government shutdown, ensuring continued federal operations and stabilizing financial markets. The deal, reached after weeks of intense negotiations, reflects a rare bipartisan effort to address pressing economic and administrative concerns. The agreement extends funding for federal agencies, averting furloughs

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Delta Air Lines Hits Record Highs

Delta Air Lines has soared to unprecedented market heights, marking a milestone in the airline industry. The company recently reported robust financial performance, supported by increased passenger demand, operational efficiency, and strategic growth initiatives. This remarkable achievement highlights Delta’s resilience and ability to navigate challenges in the aviation sector, including fluctuating fuel prices and evolving

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Tesla Unveils New Model

Tesla Inc. has officially unveiled its latest electric vehicle, marking another significant milestone in its quest to revolutionize the automotive industry. The new model, an advanced iteration of Tesla’s cutting-edge technology, introduces unprecedented levels of efficiency, performance, and design. The car boasts a record-breaking range of over 500 miles per charge, setting a new industry

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Bitcoin Surpasses $100,000 Before Retreating

Bitcoin’s unprecedented surge in early trading sent shockwaves across global financial markets as the cryptocurrency broke the $100,000 barrier for the first time in its history. The meteoric rise was fueled by increased institutional adoption, a weakening dollar, and a surge in retail interest driven by hopes of broader crypto acceptance. However, the milestone was

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