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ECONOMY
TSMC Reports Some Impact from U.S. Tariffs but AI Demand Remains Strong

TSMC acknowledges some effects from U.S. tariffs, while confirming that demand for AI remains strong.

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ECONOMY
Tesla's Focus on Indian Showrooms, Not Manufacturing, Confirms Minister

Tesla confirms it will establish showrooms in India but isn’t pursuing local manufacturing, as stated by the Indian Heavy Industries Minister.

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ECONOMY
EU Prepares Retaliation for US Steel Tariff Increase to 50%

The EU warns of retaliation following the US decision to double steel tariffs, prioritizing negotiations to reach a resolution.

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ECONOMY
Elon Musk Denies Drug Use Allegations Amid Controversy from NYT Report

Elon Musk refutes claims of drug use during the Trump campaign, citing a New York Times report as false.

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ECONOMY
Global Airlines Adjust 2025 Profit Forecast Amid Trade Tensions and Supply Chain Issues

Global airlines revise 2025 profit forecasts, citing trade tensions and jet delivery delays as key challenges.

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ECONOMY
Asia's Manufacturing Activity Declines Further Amid US Tariffs and Weak Demand

Asia's factory activity declines in May, affected by US tariffs and soft demand from China, signaling economic challenges.

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ECONOMY
OPEC+ Implements Significant July Oil Output Increase Amid Price Drop

OPEC+ boosts July oil production by 411,000 barrels per day as prices fall to four-year lows.

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ECONOMY
EU Boosts Defence Spending Amid 'Tough Love' from Trump Administration

EU commits to boosting defense spending following Trump's push for NATO countries to invest more in their own security.

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ECONOMY
Trump Announces Upcoming Trade Talks with Pakistani Representatives Amid Tensions with India

Trump states that Pakistan will send representatives for trade talks as tariff tensions rise with India.

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ECONOMY
Trump Announces Doubling of Steel Import Tariffs to 50%

Trump announces a significant increase in steel import tariffs to bolster the U.S. industry and details an investment partnership with Nippon Steel.

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