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Economy

Trump's sweeping new tariffs take effect against dozens of countries

Dozens of countries hit as Trump’s sweeping tariffs commence

El texto original está escrito en inglés y no contiene palabras clave entre llaves. Aquí está su versión reformulada: The United States has introduced a large-scale increase of import tariffs impacting products from various nations, indicating a significant change in global trade policy. These actions, enforced this week, apply to an extensive array of items and signify one of the most notable trade policy actions in recent times. This decision perpetuates the existing pattern of employing tariffs as a key instrument for achieving economic and diplomatic goals.This latest round of trade restrictions builds upon previous tariff policies introduced in recent…
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Chinese nationals charged with exporting Nvidia AI chips to China

Chinese nationals face charges over Nvidia AI chip exports to China

Un grupo de ciudadanos chinos ha sido formalmente acusado en Estados Unidos por cargos de exportar ilegalmente chips de IA de alto rendimiento de Nvidia a China, lo que genera preocupaciones sobre la transferencia de tecnología, la seguridad nacional y el cumplimiento de las regulaciones comerciales internacionales. Los cargos, anunciados por las autoridades estadounidenses, subrayan los esfuerzos continuos para evitar que tecnologías sensibles lleguen a entidades extranjeras sin la debida autorización, especialmente en medio de las crecientes tensiones entre Washington y Beijing.The situation revolves around the purported illicit dispatch of sophisticated artificial intelligence (AI) semiconductors—uniquely crafted by Nvidia—to receivers in…
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Trump hits India with extra 25% tariff for buying Russian oil

Trump’s 25% tariff targets India’s Russian oil imports

Ex-President Donald Trump of the United States has declared a fresh 25% duty on products from India due to the nation's continuous acquisition of oil from Russia, sparking renewed discussions about international trade policies, energy partnerships, and global political strategies. This tariff, which Trump considers essential to confront perceived inequitable trading behaviors and strategic partnerships, indicates a significant intensification of economic strains between the U.S. and India.India, being a major importer of energy worldwide, has upheld solid commercial relations with Russia despite global calls to curb this interaction after Moscow's activities in Ukraine. By persisting in acquiring Russian crude at…
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US may demand ,000 deposit for visas

US considering $15,000 deposit requirement for visas

The U.S. government is reportedly evaluating a policy that would require certain foreign nationals to pay a substantial deposit — potentially up to $15,000 — as a condition for obtaining a visa. The proposal, which has sparked debate among immigration experts and international travelers alike, aims to encourage compliance with visa terms and reduce instances of overstaying permitted periods of stay.While the measure has not yet been fully implemented, discussions around the visa bond have been ongoing in recent years, particularly in the context of immigration enforcement and national security. The idea is to use the financial deposit as a…
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BP to review oil and gas projects to boost profits

BP to reassess oil and gas projects aiming for profit growth

BP is undertaking a strategic review of its oil and gas operations as part of a broader effort to enhance profitability and improve shareholder value. The move signals a renewed focus on performance within the company’s traditional energy sector, as it navigates the challenges of an evolving global energy landscape.The review comes amid ongoing market volatility and increasing investor pressure for energy companies to strike a balance between near-term financial performance and long-term sustainability commitments. While BP has made headlines in recent years for its investments in renewable energy and low-carbon initiatives, this latest development underscores the continuing importance of…
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Trump attacks 'woke' Jaguar as firm names new boss

Trump calls out ‘woke’ Jaguar during executive transition

Former President of the United States, Donald Trump, has once more expressed disapproval of what he refers to as "woke" actions by corporations, this time directing his remarks at Jaguar, the luxury car maker from Britain. These statements arise as the car company reveals a new leader and persists in its attempts to reshape its brand within a changing worldwide market.Trump, known for his outspoken views on corporate culture, took aim at Jaguar over what he perceives as a shift toward progressive values in its branding and marketing strategies. Although the company has not directly responded to his remarks, the…
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How South Korea's K-beauty industry is being hit by Trump tariffs

Trump tariffs threaten growth of South Korea’s K-beauty sector

South Korea's internationally acclaimed K-beauty sector is encountering heightened challenges due to tariffs implemented under the trade policies from the tenure of previous U.S. President Donald Trump. Originally applauded for its swift global expansion and impact on beauty trends worldwide, this industry is currently struggling with rising expenses, supply chain disruptions, and ambiguity regarding future market opportunities—especially in the United States, a major destination for its exports.The tariffs, originally designed to counter what the Trump administration called unfair trade practices by China and other countries, have had broader repercussions, impacting industries and nations that were not their primary targets. South…
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After a blown deadline, what next for US-Canada trade?

After missing the deadline, what’s next for US-Canada trade?

The recent inability to reach a crucial trade deadline between the United States and Canada has created uncertainty among both governments and industry stakeholders regarding the future direction of their economic relations. As talks have come to a halt and important decisions have been deferred, focus is now on how this delay might affect cross-border trade, regulatory coordination, and long-term trade strategy.The originally established timeline, part of wider initiatives aimed at updating bilateral trade agreements, expired without resolution because of ongoing disagreements in crucial areas like farming, car production, and digital trade. Even though there were several negotiation sessions and…
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Tesla awards boss Elon Musk bn in shares

Elon Musk secures $29bn in Tesla shares as boss

Tesla CEO Elon Musk has been granted a substantial stock award valued at approximately $29 billion, marking one of the largest executive compensation packages in corporate history. The award, tied to a multi-year performance agreement, underscores Musk’s pivotal role in the company’s rapid growth and reflects Tesla’s confidence in his leadership going forward.The remuneration plan, initially sanctioned by Tesla's board and shareholders some years back, ties Musk's possible income to a set of challenging goals related to operations and market capitalization. This most recent portion of shares was activated once Tesla achieved certain objectives, like ongoing revenue increases, profitability aims,…
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Shock and relief - businesses worldwide react to new Trump tariffs

Shock and relief – international business reactions to Trump’s new tariffs

The recent announcement of new tariffs by Donald Trump has caused a ripple of reactions across global markets. Businesses from various sectors are now re-evaluating their strategies as they prepare for the impact of these trade changes. With new import taxes ranging from 10% to 41%, many companies find themselves in a state of uncertainty—unsure whether to brace for disruption, adapt quickly, or find alternative solutions.These tariffs are part of a broader effort by Trump to reshape global trade relationships. While the intention may be to protect domestic industries, the reality is more complex. Companies around the world, including in…
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