President Trump is likely to have “already taken the decision to hit” Iran’s Fordo nuclear facility, according to Sir Niall Ferguson, the Milbank family senior fellow at the Hoover Institution, Stanford University, and a senior faculty fellow of the Belfer Center for Science and International Affairs at Harvard.Ferguson told The Times CEO Summit: “My Israeli…
President Donald Trump is once again waving a tariff reduction carrot at China to get it to cave on a TikTok deal. Trump spoke to reporters on Air Force One on Thursday, a day after imposing a baseline 10% tariff on imports from all countries and increasing China’s tariff rate to 54%. He said he…
Norway will seek to negotiate with the United States, the Norwegian prime minister, Jonas Gahr Støre, told the public broadcaster NRK on Thursday. Trump announced a 15 per cent tariff on goods imported to the US from Norway. “This is bad news, it is very serious,” Støre told NRK. “There is an opening for negotiations…
The UK was given a “special rate” on tariffs thanks to Brexit, an adviser to Donald Trump has said Seb Gorka, a White House adviser on counterterrorism, said the tariff on British goods could “improve”. “After Brexit, you’ve reaffirmed your independence, and I think that is being proven today by the special rate that has…
Could President Trump’s tariffs spur a recession? An economist warns consumers about a potential economic downturn with President Donald Trump’s trade war pressing on. U.S. stocks are expectd to open modestly lower, consolidating gains made in the last two sessions as Federal Reserve officials kick off their policy meeting on Tuesday. Almost no one expects…
Global stock markets started the week on the front foot on Monday as investors welcomed China’s plans to kickstart consumption in the world’s number two economy, with upcoming central bank rate decisions also in focus. Relief about a US government shutdown being avoided helped counterbalance disappointing US economic data. Investors were keeping tabs on Beijing…
Government shutdown averted: Senate advances funding bill Democrats helped the Senate advance the GOP spending bill with a vote of 62-38. U.S. stocks ended the day higher, with the blue-chip Dow clawing back 675 points, on optimism the government will stay open. Senate Minority Leader Chuck Schumer, D-N.Y., said he wouldn’t block a Republican government funding bill,…
Tesla’s stock plunges by half; is Elon Musk’s EV party over? Tesla’s stock has dropped by nearly half in three months, losing most of the gains it made following the U.S. election last year, when CEO Elon Musk helped fund the victory of President Donald Trump. U.S. stocks mostly fell in early trading Tuesday, extending…
HONG KONG/SHANGHAI – Fear of missing out on China’s homegrown artificial intelligence boom after the emergence of startup DeepSeek is reviving investor appetite for Chinese tech stocks, helping offset concerns over weak domestic demand and U.S. tariffs. As of Wednesday’s close, Hong Kong’s benchmark Hang Seng Index, which includes tech heavyweights like Tencent Holdings and…
LinkedIn cofounder Reid Hoffman hopes a second Trump term can usher in an era of AI innovation. In a recent op-ed for The Financial Times, he shared several concerns he has for the administration. Hoffman warned that Elon Musk shouldn’t use his relationship with Donald Trump to boost xAI. LinkedIn cofounder Reid Hoffman said Elon…