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Business
Elon Musk’s New Political Party Shakes Wall Street Confidence
Elon Musk’s pivot into politics — and his clash with Trump and Treasury Secretary Scott Bessent — is already reshaping…
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Business
Canada Prepares Financial Lifeline for Aluminum Industry as U.S. Tariffs Disrupt Trade
Canada is considering financial support for aluminum producers like Rio Tinto as U.S. tariffs strain one of North America's most…
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Business
Foxconn Reports Record Q2 Revenue on AI Demand, Warns of Tariff and Currency Risks
Foxconn posted record Q2 revenue of T$1.797 trillion, led by AI server and cloud hardware demand. But rising U.S. tariff…
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Business
Japan Scrambles To Avoid U.S. Tariff Snapback As Clock Runs Down
As a 24% tariff threat looms, Japan’s negotiators push for a last-minute breakthrough with Washington. Auto duties and rice imports…
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Business
Oil Prices Dip as OPEC+ Hike, Tariff Jitters, and Demand Weakness Collide
Oil futures fell Friday as OPEC+ preps another output hike and traders brace for a July 9 tariff decision. Weak…
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Business
U.S. Clears GE Aerospace to Resume Jet Engine Exports to China’s COMAC
The Biden administration has reversed its export ban on GE Aerospace engines to COMAC, allowing LEAP‑1C and CF34 shipments to…
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Business
Geopolitics and Tariffs Freeze European IPO Market Despite Inflows
European IPO activity has cratered in 2025, with capital raising down nearly 60% despite surging equity inflows. Tariff backlash, geopolitical…
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Business
EU’s AI Act Faces Growing Pressure to Delay Enforcement Amid Industry Pushback
The European Union’s AI Act is facing mounting calls for delay as major companies and governments warn that enforcement could…
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Business
Boeing Taps Lockheed Veteran Jay Malave as CFO in High-Stakes Restructuring Push
Boeing is bringing on former Lockheed Martin executive Jay Malave as CFO, with a compensation package topping $8 million and…
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Business
EU AI Act Deadline Nears, But Code of Practice Won’t Arrive Until Year-End
With the EU's sweeping AI Act set to take effect in August 2025, companies are still waiting for crucial compliance…
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