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In a significant move that underscores escalating trade tensions between the European Union (EU) and China, the EU has announced it will impose tariffs on Chinese EVs ranging up to 37.6% on electric vehicles (EVs) imported from China, effective immediately. This decision marks the largest trade case Brussels has pursued against Beijing to date. EU …

Tesla has reported a significant rebound in its electric vehicle (EV) Tesla's EV sales during the second quarter of the year, surpassing Wall Street expectations. The company delivered approximately 444,000 vehicles, marking a 15 percent increase from the first quarter. Despite a slight year-over-year decline of 5 percent, the results exceeded anal…

After Joe Biden’s underwhelming performance in last week’s presidential debate, the likelihood of a victory for Donald Trump has increased markedly. This shift in the political landscape has prompted intense speculation about the potential economic implications of a Trump presidency, particularly regarding interest rates. Historically, interest …

Boeing announced on Monday its decision to acquire Spirit AeroSystems, its troubled fuselage manufacturer, in an all-stock deal aimed at improving safety and quality control. The agreement involves Boeing offering $37.25 per share in Boeing stock for Spirit, which gives Spirit an equity value of $4.7 billion. Including Spirit's debt, the total tran…

Global stocks maintained a strong performance as they closed out the first half of the year, with investors keenly awaiting key U.S. inflation data for insights into the Federal Reserve's future interest rate decisions. The S&P 500 index surged nearly 15% over the past six months, driven by significant gains in the tech sector and the AI boom o…

The Bank of England (BoE) decided to keep its main interest rate unchanged at a 16-year high of 5.25% on Thursday, just ahead of the upcoming July 4 election. This decision, closely watched by economists and policymakers alike, saw the BoE's Monetary Policy Committee (MPC) vote 7-2 in favor of maintaining the current rate. Deputy Governor Dave Rams…

McDonald's is set to ignite fierce competition in the fast food industry with the introduction of its new $5 value meal, a strategic move aimed at attracting budget-conscious customers. On June 25, the global fast food giant will kick off a comprehensive marketing campaign promoting this meal deal, escalating efforts among US restaurants to reclaim…

American Airlines has come under fire after an incident involving the removal of Black passengers from a flight. The airline's CEO, Robert Isom, expressed his disappointment in a message to employees, describing the event as "unacceptable." He stated that employees involved in the incident are being held accountable, with some being removed from se…

The Biden administration has taken an unprecedented step by banning American companies and citizens from using software made by the Russian cybersecurity firm Kaspersky Lab due to national security concerns. Commerce Department Secretary Gina Raimondo announced the decision on Thursday, citing the threat posed by potential Russian government exploi…

SpaceX has introduced Starlink Mini, a new, more portable version of its satellite internet system that can easily fit inside a backpack. The early announcement, which was revealed to select Starlink customers, offers the Mini kit for $599, a $100 increase over the standard Starlink kit. The new device is designed to provide greater convenience and…