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Trump says deal ‘done’ for China to supply rare earths

The US president has announced a rare earth supply deal with China, signaling a step forward in trade talks. The agreement also includes provisions for Chinese students in the US. US President Donald Trump on Wednesday announced...

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What Trump-Musk feud means for tech billionaire’s businesses

Tesla CEO Elon Musk spent some $300 million on Donald Trump’s campaign, gaining unprecedented access to the Republican president’s administration. What does their public row mean for Musk’s empire? How did Musk and Trump get...

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Musk slams Trump’s ‘Big Beautiful Bill’ as ‘abomination’

Billionaire tech entrepreneur Elon Musk has heavily criticized a tax and spending bill put forward by US President Donald Trump. His remarks received support from a seemingly unlikely quarter. Billionaire Elon Musk has delivered a scathing opinion...

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Trump targets illegal migration with remittance tax plan

Washington plans a 5% tax on remittance transfers that would cover millions of foreigners living in the US. With about $160 billion sent by Latin Americans alone, their home countries would be among the hardest...

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Tesla Europe sales plummeted by 52% in April — trade group

Chinese brand BYD saw more pure electric car registrations in the continent than Elon Musk’s EV brand in April, according to new data. Europeans are buying fewer Teslas than before despite a growing demand for electric cars, according...

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Nord Stream: Could Germany return to Russian gas imports?

For months, there has been speculation that the United States and Russia want the Nord Stream gas pipelines repaired and flowing again. The question remains whether Germany might agree. As the war in Ukraine grinds...

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Taiwan wants peace with China but needs tight defense — Lai

Taiwan’s president, Lai Ching-te, says his country wants dialogue with China but still needs to prepare for war. Lai, who is marking a year in power, rejects Beijing’s claim of sovereignty over the self-ruled island....

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UK, EU agree on several deals at London summit

The EU and UK are working towards a level of cooperation not seen since Brexit, with new agreements on fisheries, trade and security. Deals were agreed as British PM Starmer hosts EU leaders in London....

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Nigeria sees highest growth in 10 years — World Bank report

Nevertheless, poverty remains high and inflation is expected to remain over 20% through the year. The report comes amid a raft of reforms by President Bola Tinubu’s government. Nigeria’s gross domestic product (GDP) grew by 3.4% in...

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UK, India cut tariffs on whisky, textile in landmark deal

A trade agreement between the UK and India is set to drastically reduce tariffs on British cars and whiskey exported to India, while British companies would pay less for Indian clothing and food products. The United...

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Warren Buffett to step down as CEO of Berkshire Hathaway

Billionaire investor Warren Buffett announced he was going to step down as CEO of Berkshire Hathaway by the end of the year. He has tapped Berkshire Hathaway executive Greg Abel to replace him. Warren Buffett...

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US economy shrinks by unexpected 0.3%

US growth has dipped by an unforeseen 0.3% in the first three months of Donald Trump’s presidency, according to initial data. Stocks fell in reaction to the news. The US Commerce Department on Wednesday said the...