Trump declares the end of America’s ‘economic surrender’ — blasts ‘gutless’ leaders for crushing US prosperity Moneywise and Yahoo Finance LLC may earn commission or revenue through links in the content below. President Donald Trump is using World Trade Week to declare vic
in the latest hike of the maximum retail prices for domestic fuel since the Iran war led to surging oil prices. China will now increase the maximum retail price of gasoline by $11.03 (75 Chinese yuan) per metric ton as of Friday, according to a notice by the state planner<
The agreement removes £580m in import tariffs, boosting UK exports of cheese, chocolate, and smoked salmon to Gulf nations. A new trade deal between the UK and the Gulf Cooperation Council (GCC) will eliminate £580m in import tariffs on British food and drink exports. Key
Japan in April imported the lowest volume of crude oil from the Middle East on record dating back to 1979 as the Iran war and the de facto closure of the Strait of Hormuz choked supply from the region. Japan’s crude imports from the Middle East plummeted by 67.2% in April
Nine quantum computing companies are set to share $2 billion in government grants — with the U.S. taking equity stakes in each firm as part of the arrangements — according to the Wall Street Journal, which cited the Commerce Department. The funding comes from the 2022 Chip
IBM (IBM) and shares of several quantum computing firms jumped Thursday after the U.S. Commerce Department announced $2 billion in grants to advance the technology The deals reportedly include equity stakes. IBM will receive $1 billion as part of the funding, which
Four firms secure proposed funding under the CHIPS Act to expand U.S. quantum chip manufacturing and supply chain capabilities. IBM, D-Wave Quantum, Rigetti Computing, and GlobalFoundries confirmed proposed funding awards from the U.S. Department of Commerce under the CHIP
The Trump administration will unveil a program to provide export financing to foreign firms buying US artificial intelligence tools. The Trump administration plans to launch a program offering billions in export financing to encourage foreign companies to purchase US artif
Iran’s Supreme Leader directs near-weapons-grade uranium to remain in the country, escalating tensions ahead of potential nuclear deal talks. Iran’s Supreme Leader has instructed that near-weapons-grade uranium must remain within the country, countering US demands for its
ING analysts Warren Patterson and Ewa Manthey say the Brent market remains highly sensitive to Iran-related news, with prices dropping sharply on renewed hopes of a US-Iran agreement and improved tanker flows through the Strait of Hormuz. Their base case projects Brent ave
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