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President Donald Trump is threatening to impose tariffs on Taiwanese-made chips of up to 100%.That could be bad news for Nvidia, which relies on Taiwan’s TSMC for its chip supply. On Monday Nvidia saw 17% wiped from its value in a market rout triggered by China’s DeepSeek.President Donald Trump’s pledge…
Investing.com– Most Asian stocks rose on Wednesday, with technology shares in the lead after OpenAI announced a massive partnership to build more artificial intelligence infrastructure in the U.S. But Chinese markets lagged, falling sharply after U.S. President Donald Trump raised the prospect of increased trade tariffs on the country by…
By Abhirup Roy LAS VEGAS (Reuters) – Global auto suppliers are working out how much of their production can be moved to the United States, or closer to it, as a defense against tariffs promised by President-elect Donald Trump, according to industry executives at CES in Las Vegas. The auto…
(Corrects spelling of name to Erik Smith, from Eric Smith, in paragraph 8) By Abhirup Roy and Marie Mannes LAS VEGAS (Reuters) -Sweden’s Volvo (OTC:) Group is proceeding with its planned $700-million heavy-truck factory in Monterrey, Mexico, CEO Martin Lundstedt told Reuters on Wednesday, even as President-elect Donald Trump threatens…
By Karl Plume CHICAGO (Reuters) – China’s Sinograin has bought nearly 500,000 metric tons of U.S. soybeans this week for shipment in March and April, paying more for U.S. supplies for state reserves rather than buying cheaper Brazilian beans, two U.S. traders familiar with the deals said. China is the…
By Kantaro Komiya and Yoshifumi Takemoto TOKYO (Reuters) – Some unions are born of necessity, others from convenience. In the case of Honda (NYSE:) and Nissan (OTC:)’s potential merger, it is mostly defensive as Chinese rivals take the world by storm. While the challenge from China’s seemingly boundless EV expertise…
AI advances have sparked a new global race for military dominance.Geoffrey Hinton said that, right now, countries are working in secret to gain an advantage.That will change once AI becomes so intelligent it presents an existential threat, he said.The rapid advances in AI have triggered an international race for military…
By Arriana McLymore and Sheila Dang NEW YORK (Reuters) – U.S. TikTok users spent heavily to buy merchandise from a range of vendors on the e-commerce platform TikTok Shop so far this holiday shopping season, according to TikTok estimates and a Reuters analysis of spending patterns measured by data from…
Israel will soon deploy its top missile defense system, Arrow 3, to Germany.Arrow’s chief engineer told BI that the system has already proved its worth in combat.The transfer next year comes amid growing concerns in Europe over Russian missiles.Germany is slated to receive a top Israeli missile defense system that…
During his first term, Trump threatened tariffs while renegotiating trade with Mexico and Canada.Now, his promise to slap a 25% tariff on all imports from the countries strikes a similar chord.Scott Bessent, Trump’s pick for treasury secretary, has called tariffs a “negotiating tool.”President-elect Donald Trump helped pen business advice in…
