Business

Sanders Scolds, Trump Acts: The 10% Credit Card Rate Cap Saga

In a fascinating display of political maneuvering, Donald Trump has announced a 10% cap on credit card interest rates, effectively co-opting a policy championed by Senator Bernie Sanders. The announcement came just hours after Sanders criticized Trump on social media for failing to rein in Wall Street. Trump’s response was a late-night post declaring that the "American Public" would no longer be exploited by...

Shadow Fleet Disrupted as Venezuela Transitions to Supplying Oil to US Indefinitely

US naval forces intercepted multiple vessels allegedly comprising a "shadow fleet" transporting oil for sanctioned nations, disrupting previous arrangements and facilitating Venezuela supplying oil to the US indefinitely. The high-seas seizures of the Marinera and Sophia demonstrate Washington's willingness to employ military force in asserting control over Venezuelan petroleum flows. The Marinera, traveling from Iran before reversing course toward the Atlantic, represents the clandestine shipping...

Energy Sector Silence Greets Trump’s Venezuela Reconstruction Announcement

American oil companies are maintaining careful silence following President Trump's bold claims that they're prepared to invest billions in Venezuela's oil infrastructure. The conspicuous...

Crude Oil Posts Biggest Annual Decline Since COVID Crisis

The global oil industry has recorded its steepest yearly price drop since the coronavirus pandemic disrupted markets in 2020, with values falling approximately 20%...

Beijing Blacklists Boeing and 19 Other US Defense Firms Over Taiwan Deal

China has implemented extensive sanctions targeting America's defense industrial base after President Trump authorized an unprecedented $10 billion weapons sale to Taiwan. The measures...

FrieslandCampina Faces Steepest Penalties in China’s New Dairy Tariff Scheme

China has unveiled provisional tariffs on European Union dairy products ranging from 21.9% to 42.7%, following an anti-subsidy investigation seen as retaliation for EU...

Small UK Manufacturers Bear Brunt of Failed EU Carbon Tax Exemption Talks

Small and medium-sized British manufacturers are facing particularly acute challenges after the government failed to secure an expected exemption from the European Union's carbon...

Housing Market Hope: Rate Cut Offers Lifeline to Mortgage Holders

Homeowners across the UK breathed a sigh of relief on Thursday as the Bank of England cut its base rate to 3.75%. This move,...

The Titanium Experiment: Inside Apple’s Plan for a Foldable Future

The rumor mill surrounding Apple’s entry into the foldable smartphone market has solidified into a concrete roadmap, with reports indicating a major overhaul of...

Hollywood’s AI Resistance Crumbles as Disney Embraces OpenAI

Disney has shattered Hollywood's resistance to AI partnerships with a $1 billion investment in OpenAI and a licensing deal that brings over 200 beloved...

Climate Summit Ends With Mixed Global Commitments

The latest international climate summit concluded with a patchwork of commitments that left attendees cautiously optimistic but still wary of global readiness. Delegates from...

Meta’s Design Ambitions Get Boost with Apple Veteran Alan Dye Joining

Meta is making a bold statement about its design priorities by hiring Alan Dye, Apple's longtime chief of user interface design. Dye will join...

Commerce Secretary Agrawal Confident as US Trade Team Plans India Visit

Next week will mark another significant chapter in US-India trade relations as a Trump administration delegation prepares to visit New Delhi for ongoing negotiations....

NHS Pharmaceutical Spending to Increase by £3 Billion Annually Under New Deal

Britain has entered into a pharmaceutical trade accord with the United States that commits the National Health Service to increasing expenditure on innovative medicines...