Browsing: Business

The latest US economic data shows rising job cuts, slower hiring and easing consumer demand as Americans become more cautious about spending and employment stability.

NEW YORK, November 28: Gold prices climbed on Friday, positioning the metal for a fourth consecutive monthly gain as investors adjusted to mounting expectations of a U.S. Federal Reserve interest rate cut in December. The steady rally underscores the metal’s renewed role as a preferred store of value amid a weaker dollar and softer Treasury yields. Spot gold rose 0.7 percent on the day to trade near $2,610 an ounce in late European hours. Prices have advanced about 4.6 percent in November, marking consistent monthly gains since August. U.S. gold futures also firmed, while trading activity normalized after brief technical disruptions earlier in the…

Meta is negotiating to spend billions on Google AI chips, marking a major shift in global AI hardware partnerships.

Corporate crypto treasuries sell assets as bitcoin slumps 31%, cutting valuations and exposing financial strain.

SEOUL, Nov. 26, 2025: The Republic of Korea will establish a temporary state-run investment corporation to oversee its US$350 billion investment pledge to the United States, the government announced Wednesday. The move follows the completion of a bilateral tariff agreement between Seoul and Washington finalized last month. The new body, to be called the Korea-US Strategic Investment Corporation, will manage the disbursement and administration of funds linked to the investment over a 20-year period. According to the Ministry of Economy and Finance and the Ministry of Trade, Industry and Energy, the government submitted a special bill authorizing the corporation’s creation under the leadership of…

BRUSSELS, November 24, 2025: The European Union and the United States will resume trade negotiations in Brussels on Monday, aiming to resolve the remaining issues in their July trade agreement after a two-month suspension. The renewed dialogue will focus on tariff disputes, regulatory standards, and the finalization of technical provisions that continue to delay implementation. The high-level meetings will bring together US Secretary of Commerce Howard Lutnick and Trade Representative Jamieson Greer, alongside EU Trade Commissioner Maroš Šefčovič and trade ministers from all 27 EU member states. Both delegations are expected to review progress made since July and identify steps needed to complete the agreement’s…

WASHINGTON, Nov 21, 2025: U.S. President Donald Trump has signed an executive order lifting a 40 percent tariff on Brazilian beef, coffee, cocoa and certain fruit imports, a move aimed at easing pressure on food prices as consumer costs remain elevated. The measure takes effect immediately for goods entering U.S. markets from November 13, 2025, and includes provisions allowing importers to apply for retroactive refunds of tariffs paid since that date. The order reverses a tariff policy introduced earlier this year that had imposed a 40 percent surcharge on top of an existing 10 percent duty, resulting in combined rates of up to 50 percent on…

Early Bitcoin investor Owen Gunden reportedly sold 11,000 BTC worth $1.3 billion, concluding a 14-year journey in crypto markets, data from Arkham shows.

WASHINGTON, November 19, 2025: The United States has approved the sale of F-35 Lightning II fighter jets to Saudi Arabia, marking a significant shift in American defense exports and signaling closer strategic ties between Washington and Riyadh. President Donald Trump confirmed the decision this week following months of discussions with U.S. defense officials and Saudi representatives. The proposed sale includes up to 48 F-35A aircraft, the conventional takeoff and landing variant used by the U.S. Air Force, along with a package of maintenance support, weapons systems, and pilot training. The agreement forms part of a broader U.S.-Saudi Strategic Defense Framework that also includes the planned…

US cuts tariffs on Indian farm goods including coffee, tea, and spices, easing import costs and boosting bilateral trade under Trump’s new tariff revision.