BUSINESS

US President Donald Trump introduced sweeping tariffs in April 2025

US Trade Deficit Hit Fresh Record Before New Trump Tariffs

The US trade deficit reached a new record in March, according to fresh government data published Tuesday, as imports surged ahead of President Donald Trump's "liberation day" tariff rollout.

EDF Complaint Blocks Czech-Korean Nuclear Deal

The Czech Republic relies on nuclear power for 40 percent of its electricity consumption

A Czech court said Tuesday it blocked a multi-billion-dollar deal between Prague and South Korea's KHNP on the construction of two nuclear units following a complaint by France's EDF. KHNP won the contract last July after beating EDF in the tender, but the French giant filed an appeal with the Czech antitrust watchdog UOHS. When the UOHS rejected the appeal last week, EDF filed a lawsuit.

Credit Suisse to Pay $511 Million for Helping US Taxpayers in Hiding Money Offshore

Credit Suisse to Pay $511 Million for Helping US Taxpayers

Credit Suisse will pay $511 million for helping wealthy Americans hide $4 billion in offshore accounts.

BIWC Group

BIWC Group: Unveiling the Shadows of corporate deception

In the cutthroat world of business, trust can often be elusive, and it can take a team of skilled professionals to expose deception and protect the innocent. This is where BIWC Group enters the stage; a business intelligence agency led by ex-Israeli special forces with a global network of contacts and an almost endless outreach.

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Treasury Secretary Scott Bessent said the Trump administration had received 'very good' trade proposals as countries look to avoid steep tariffs

Dollar Recovers Some Losses, Stocks Gain As Traders Eye Tariff Deals

The dollar rose in Asia on Tuesday fuelled by hopes for trade deals to avert Donald Trump's sweeping tariffs, while equities mostly rose as investors await the Federal Reserve's latest policy decision.

Francisco Abella Jr., a lay minister, shows a photo of him and Philippine Cardinal Luis Antonio Tagle at the Imus Cathedral

Prayers, Pride In Philippine Papal Contender's Hometown

Philippine Cardinal Luis Antonio Tagle may be one of the favourites to be named the next pope, but a Catholic Sister who has known him for half a century says she will never pray for it to happen.

Ukrainian servicemen at an undisclosed location on the front line in the Zaporizhzhia region, amid the Russian invasion of Ukraine

Germany's Merz To Launch New Govt In Times Of Trump Turbulence

Germany's conservative leader Friedrich Merz is set to be sworn in as chancellor on Tuesday with a mission to revive the ailing economy and boost the diplomatic standing of the EU's most populous country.

Most movie studios and other industry organizations had yet to officially react Monday but Trump's announcement triggered crisis meetings

'Makes No Sense': Hollywood Shocked By Trump's Film Tariffs Announcement

Hollywood reacted Monday with skepticism to US President Donald Trump's announcement of 100 percent tariffs on foreign films, with movie insiders calling it a policy made up on the fly by a president who fails to understand how the industry works.

Mennonites began fleeing religious persecution in Europe in the 17th century, mostly to North America

Mennonite Communities Raise Hackles In Peruvian Amazon

When they saw men with arrows and machetes bearing down on them, Daniel Braun and other Mennonites living in the Peruvian Amazon fled across rice paddies, some of their barns ablaze behind them.

Ford displayed its new Lincoln Navigator at an auto show in Shanghai last month

Ford Sees $1.5 Bn Tariff Hit This Year, Suspends 2025 Forecast

Ford reported a 65 percent drop in first-quarter profits Monday, citing a near-term drag on auto sales from new vehicle launches, as it withdrew its forecast amid tariff uncertainty.

'OpenAI is not a normal company and never will be,' OpenAI CEO Sam Altman wrote in an email to staff posted on the company's website

OpenAI Abandons Plan To Become For-profit Company

OpenAI CEO Sam Altman announced Monday that the company behind ChatGPT will continue to be run as a nonprofit, abandoning a contested plan to convert into a for-profit organization.

Warren Buffett testifies before the Senate Finance Committee in Washington, DC, in 2007

Warren Buffett To Remain As Berkshire Hathaway Board Chair

American investor Warren Buffett, 94, will remain as chairman of Berkshire Hathaway's board of directors once he steps down as chief executive at the end of this year, the conglomerate announced Monday.

The layoffs come as Meta has cut its third-party fact-checking in the United States and overhauled its content moderation policies

Meta Content Moderator Cuts Over 2,000 Jobs In Spain: Union

Canadian tech firm Telus International, tasked by Meta to moderate content on its social media networks Facebook and Instagram, will slash over 2,000 jobs in Barcelona, a Spanish union said Monday.

Pharrell Williams (L) and Lewis Hamilton (R), posing with Vogue editor Anna Wintour, are two of the co-chairs of the Met Gala

Stars Come Out For Met Gala, Showcasing Black Dandyism

It's the first Monday in May, which means it's time for the Met Gala, the extravagant Manhattan charity ball that this year spotlights Black style through the lens of dandyism's subversive history.

The leader of Germany's conservative Christian Democratic Union (CDU) party and designated chancellor, Friedrich Merz, signs the coalition deal to form the country's new government

German Coalition Deal Signed On Eve Of Merz Govt Launch

The conservatives of Germany's designated chancellor Friedrich Merz and the centre-left Social Democrats formally signed their coalition contract on Monday, on the eve of launching their new government.

Power grids must evolve to adapt as countries move away from fossil fuels

Spain's Blackout Highlights Renewables' Grid Challenge

The cause of last week's massive power outage in Spain and Portugal remains unclear but it has shone a spotlight on solar and wind energy, which critics accuse of straining electricity grids.

Ghana's President John Mahama has promised to turn the economy around

Facing A Broken Economy, Ghana's Tech-savvy Teens Turn To Fraud

In the dusty alleys of Nima, a shanty town in the heart of Ghana's capital, a 17-year-old called Ghost reclines on a faded plastic chair inside a dimly lit internet cafe.

A police video showed officers standing on the edge of a deep hole in the ground

Huthis Say US Bombed Yemen After Strike On Israel's Main Airport

Yemen's Huthis on Monday accused the United States of carrying out strikes in and around Sanaa, after the Iran-backed rebels claimed a missile strike on Israel's main airport.

Apple iPhones

Apple Will Reportedly Change Release Cycles Starting With the iPhone 18 Next Year

It is being reported that Apple is planning on changing up its release cycling, beginning with the iPhone 18, in 2026.

Oil prices had already been slumping before OPEC+ members decided to increase output

Oil Prices Slide After OPEC+ Output Hike

Oil prices slumped on Monday after OPEC+ countries announced a sharp production increase despite oversupply concerns and growing fears that US President Donald Trump's trade war could weaken demand.

Singer Cassie Ventura (R) alleges that Sean Combs (L) raped her in 2018

Jury Selection To Begin In Sean 'Diddy' Combs Sex Crimes Trial

Jury selection begins Monday in New York in the blockbuster federal sex trafficking trial of music mogul Sean "Diddy" Combs, who stands accused of years of harrowing abuse.

Eight OPEC+ member countries on Saturday announced a sharp increase in oil production

'Bombshell' OPEC+ Output Hike Hits Oil Price

Oil prices slumped on Monday after eight OPEC+ members announced a sharp increase in production, while Asian stocks treaded water in thin trade with major markets closed.

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