US hits 60 countries with new duties as Donald Trump rebuilds tariff wall

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US hits 60 countries with new duties as Donald Trump rebuilds tariff wall

Washington moves to reimpose 10 per cent duties after previous blanket levies were struck down by Supreme Court

a month ago

economy

Tech billionaire ordered to pay $640mn in South Korea’s ‘divorce of the century’

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Tech billionaire ordered to pay $640mn in South Korea’s ‘divorce of the century’

Ruling against Chey Tae-won comes a decade after chair of chipmaker SK Hynix first revealed extramarital affair

a month ago

economy

When will Andy Burnham tackle the ‘cost of working’ crisis?

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When will Andy Burnham tackle the ‘cost of working’ crisis?

Early measures to target the cost of living ignore looming tax problems as workers are squeezed

a month ago

economy

Welcome to the era of financial candyfloss

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Welcome to the era of financial candyfloss

The value of real assets in the US is shrinking as financialisation soars

a month ago

economy

South Korea's Cash-Rich Winners of AI Boom Go on US Buying Spree

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South Korea's Cash-Rich Winners of AI Boom Go on US Buying Spree

Companies make biggest US investment push in years to build up tech capabilities and avoid Donald Trump’s tariffs

a month ago

economy

Meta faces higher borrowing costs in latest $12bn data centre financing

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Meta faces higher borrowing costs in latest $12bn data centre financing

BlackRock-led deal meets investor anxiety over rising AI exposure

a month ago

economy

Domo sells its main businesses for $400 million, leaving founder Josh James with a hoard of cash to put to work

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Domo sells its main businesses for $400 million, leaving founder Josh James with a hoard of cash to put to work

Progress Software agreed to buy Domo's AI and data business for $400 million. Domo founder Josh James will run the remaining debt-free entity.

a month ago

economy

Low Layoff Rates Defy AI Jobs Domination Fears

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Low Layoff Rates Defy AI Jobs Domination Fears

Only 187,000 people filed new claims for unemployment insurance benefits last week — the lowest level since September 1969.

a month ago

economy

Hundreds Settle with HMRC as Crypto Tax Crackdown Continues

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Hundreds Settle with HMRC as Crypto Tax Crackdown Continues

International reporting rules make it harder for investors to conceal gains

a month ago

economy

STMicroelectronics Hit by Doubts Over AI Spending Boom

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STMicroelectronics Hit by Doubts Over AI Spending Boom

Franco-Italian chipmaker’s third-quarter sales forecast misses analysts’ expectations

a month ago

economy

What worried investors about Alphabet

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What worried investors about Alphabet

It's the first of the hyperscalers to report earnings, and investors may be growing leery of the scale of AI spending.

a month ago

economy

Oil jumps to $98 after Houthis attack two Saudi Arabian tankers

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Oil jumps to $98 after Houthis attack two Saudi Arabian tankers

Yemeni rebels said they used missiles and drones to target the vessels Encelia and Layla

a month ago

economy