BUSINESS

Analysts say US chipmakers like Nvidia, whose CEO Jensen Huang is seen here, will face intensified competition from China and other countries due to new constraints imposed by the US government on chip sales to China

Analysts Warn US Could Be Handing Chip Market To China

As the Trump administration attempts to choke off exports of strategically important computer chips to China, experts say the effort might well backfire, fueling innovation at Chinese firms that could help them seize the world semiconductor market.
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Infographic showing the change in US 10-year Treasury yield since Donald Trump's inauguration on January 20, 2025

Trump Goes To War With The Fed

Donald Trump's simmering discontent with the US Federal Reserve boiled over this week, with the president threatening to take the unprecedented step of ousting the head of the fiercely independent central bank.
Visitors donned their best 'Star Wars' costumes for the Celebration event in suburban Tokyo

Ryan Gosling To Star In New 'Star Wars' Film

After his scene-stealing turn as Ken in the 2023 blockbuster hit "Barbie," Oscar-nominated actor Ryan Gosling is taking on another huge pop culture franchise: the "Star Wars" universe.
Donald Trump has hit out at Fed boss Jerome Powell for not cutting interest rates

Asian Markets Mixed As Traders Track Tariff Talks

Asian markets were mixed in holiday-thinned trade Friday as investors keep tabs on countries' tariff talks with the White House, while Donald Trump's remarks that he was reluctant to hike levies on Beijing even more provided a little support.
Italy's Prime Minister Giorgia Meloni will try to convince US President Donald Trump to cut his tariffs on EU goods

Italy's Meloni Seeks EU Tariff Deal From Trump

Italian Prime Minister Giorgia Meloni will meet Donald Trump at the White House on Thursday, hoping a personal charm offensive can help convince the US president to cut the EU a better deal on tariffs.
Turkey was roiled by street protests against the arrest and jailing last month of Istanbul's popular mayor, Ekrem Imamoglu, which sent the Turkish lira to record lows against the dollar

Turkish Central Bank Raises Interest Rate To 46 Percent

Turkey's central bank hiked its key interest rate to 46 percent on Thursday after a month of protests over the arrest of Istanbul's opposition mayor and economic uncertainty provoked by US President Donald Trump's sweeping tariffs.
The central bank's chair warned on Wednesday that Trump's sweeping tariffs on virtually every trade partner could cause spikes in both inflation and unemployment

Trump Clashes With Fed Chief Powell Over Interest Rates

US President Donald Trump blasted Federal Reserve chairman Jerome Powell on Thursday for not lowering interest rates, calling him "always TOO LATE AND WRONG." "Powell's termination cannot come fast enough," Trump wrote on his Truth Social platform.
Mark Zuckerberg took direct aim at the US government's argument that he sought to neutralize rivals when his company Facebook, now Meta, bought Instagram and WhatsApp

Zuckerberg Denies Meta Bought Rivals To Conquer Them

Meta chief executive Mark Zuckerberg on Wednesday denied in court that his company bought rival services Instagram and WhatsApp to neutralize them, as his testimony in a landmark antitrust case came to a close.

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