However, Citi stated that "there is a risk that Trump imposes more sanctions on oil-producing countries like Venezuela and Iran, which could have bullish effects on oil prices."
In addition to the tariffs on Mexico, the Republican leader has expressed his intention to reverse pro-electric vehicle policies and rescind regulations enforced by the Environmental Protection Agency and the Transportation Department on his first day in office. He also aims to reduce or eliminate tax breaks and other incentives for electric vehicles.
The UK government announced sanctions on Thursday against three private mercenary groups operating in Africa with links to the Kremlin, including Wagner group successor Africa Corps.
The bill -- the result of a compromise between the two houses of French parliament -- had been unanimously approved by the upper house Senate on Tuesday.
Leon Wang, president of AstraZeneca China, "has been detained", a representative of the firm's global media team said in an email to AFP.
Japanese automaker Nissan on Thursday announced 9,000 job cuts as it slashed its annual sales forecast, saying it was taking urgent measures to tackle "a severe situation".
The Chips Act allocates $39 billion in grants, along with billions more in loans and 25% tax credits, to boost U.S. semiconductor manufacturing after much of the production moved to Asia.
CEOs of big tech firms send their well wishes to President-elect Donald Trump.
With shares up 5.5% amid efforts to diversify beyond smartphones, Qualcomm reports outstanding Q4 sales and profitability, powered by Chinese smartphone demand and AI advancements.
Japanese Prime Minister Shigeru Ishiba said Thursday he had agreed with US president-elect Donald Trump in a phone call to strengthen the nations' alliance, after the tycoon's victory sent defence-related shares surging.
Major arms exporter South Korea is not ruling out providing weapons directly to Ukraine, President Yoon Suk Yeol said Thursday, signalling a possible shift in Seoul's stance on the issue.
Chinese President Xi Jinping said Thursday Beijing and Washington must find a way to "get along" in a message to US president-elect Donald Trump, state media reported.
Germany enters a period of political uncertainty Thursday after its fragile three-party ruling coalition collapsed on the same day Donald Trump won the US election.
Israel launched fresh strikes on south Beirut early Thursday, hours after Prime Minister Benjamin Netanyahu and US president-elect Donald Trump spoke about the "Iranian threat".
Asian equities fluctuated Thursday, while the dollar held gains and bitcoin hit a fresh record as markets try to ascertain the consequences of a second Donald Trump presidency after he pledged to cut taxes and ramp up tariffs with an eye on China.
The US Federal Reserve is widely expected to cut interest rates by a quarter point Thursday, looking beyond the election results to continue easing borrowing costs on the back of cooling inflation.
A Hakan Calhanoglu penalty gave Inter Milan a 1-0 victory over Arsenal in the Champions League on Wednesday, while a 93rd-minute winner ensured Atletico Madrid left Paris with all three points.
Australia will move to pass new laws banning children under 16 from social media, Prime Minister Anthony Albanese said Thursday, vowing to crack down on tech giants failing to protect vulnerable users.
Opinion polls underestimated the level of Donald Trump's support for the third US presidential election in a row, predicting a neck-and-neck race with Kamala Harris when in the end the Republican edged the vice president across battleground states.
Joe Biden hoped Kamala Harris would salvage his legacy as the man who saved America from Donald Trump.
A wildfire fanned by powerful winds was burning out of control near Los Angeles on Wednesday, with scores of residents ordered to evacuate and some taken to the hospital.
Donald Trump's election as US president brings back a champion of the oil industry to the White House, but experts warn that his push for low prices could be at odds with petroleum companies' priorities.
In the 2020 US presidential election, Fox News triggered controversy by calling the state of Arizona for Joe Biden days before competitor outlets deemed it safe to do so.
Donald Trump's US election victory was, at least in part, down to his success in pinning the blame for a post-pandemic inflationary surge on the Biden-Harris administration.
Walmart is testing a new process in some stores that allows customers to unlock security cases for merchandise using their smartphones.
Donald Trump has pledged to launch -- on day one of his presidency -- the largest deportation operation of undocumented immigrants in US history.
The shares for Trump Media & Technology Group soared the day after Donald Trump's presidential win.
Elon Musk, the world's richest man, is positioned to have sweeping powers in the second Trump administration as a deputy tasked with restructuring government operations using his aggressive approach to business.
The tech CEO bet big on Trump and his bet appears to be paying off.
US President-elect Donald Trump can seize untrammeled power in Washington should his Republicans gain full control of Congress, a feat his party may well achieve as it leads the race for the House of Representatives.
