PRESS AI WORLD

ECONOMY

Congress Faces Urgent Deadline to Prevent U.S. Default as CBO Warns of Potential Crisis

Wednesday, Mar 26

The CBO warns that without action from Congress, the U.S. could face default as soon as August 2025, risking economic repercussions.

ECONOMY

BYD Overtakes Tesla in Revenue as the Chinese EV Maker Accelerates Global Expansion

Wednesday, Mar 26

BYD has surpassed Tesla in annual revenue, reaching $107 billion, as it expands its electric vehicle presence globally amid Tesla's market struggles.

ECONOMY

Trump Targets Venezuelan Oil Imports with 25% Tariffs, Impacting Global Trade Relations

Wednesday, Mar 26

Trump's new tariffs on Venezuelan oil imports could reshape global trade dynamics, especially for countries like China and India.

ECONOMY

Vietnam Implements Tariff Cuts on US Imports to Strengthen Trade Relations Ahead of Trump's Tariff Decision

Wednesday, Mar 26

Vietnam announces significant tariff reductions on US imports, including LNG and cars, as part of strategies to enhance trade ties ahead of US tariff decisions.

ECONOMY

India Demands $601 Million from Samsung for Alleged Tax Evasion on Telecom Imports

Wednesday, Mar 26

India orders Samsung to pay $601 million in back taxes and penalties for misclassifying telecom imports, affecting their substantial profits.

ECONOMY

India and US to Discuss Major Tariff Cuts Amid Trade Deal Negotiations

Wednesday, Mar 26

India prepares for crucial negotiations with the US to potentially cut tariffs on $23 billion in imports while shielding exports worth $66 billion.

ECONOMY

U.S. Consumer Confidence Plummets to a 12-Year Low Amid Economic Anxiety

Wednesday, Mar 26

U.S. consumer confidence has reached a 12-year low, with rising concerns over inflation and tariffs significantly impacting financial outlooks.

ECONOMY

Boeing Seeks to Withdraw Plea Deal Amid Upcoming Fraud Trial Scheduled for June

Wednesday, Mar 26

Boeing aims to withdraw its plea deal pertaining to the 737 MAX crashes as a trial date is set for June 23, stirring debates on corporate accountability.