Day: July 14, 2025
European markets expected to head south after Trump slaps 30% tariff on EU
Here’s a quick dive on EU-US trade Cargo shipping containers wait to be loaded by cranes on container ships at the Burchardkai container terminal at the harbour of Hamburg, northern Germany, on June 3, 2025. Fabian Bimmer | Afp | Getty Images Following President Trump’s decision to impose 30% tariffs on imports from the EU […]
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Chinese car brands are rapidly making inroads in Europe’s EV utopia
Oslo Taxi’s NIO ET5 electric vehicle from Nio Inc, a Chinese multinational electric car manufacturer, drives through the Norwegian capital Oslo, on September 27, 2024. Jonathan Nackstrand | Afp | Getty Images OSLO, Norway — China is hoovering up market share in electric vehicle-friendly Norway, posing significant competition to Elon Musk’s Tesla and other Western […]
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Nvidia CEO downplays U.S. fears that China’s military will use his firm’s chips
Nvidia CEO Jensen Huang has downplayed U.S. fears that his firm’s chips will aid the Chinese military, days ahead of another trip to the country as he attempts to walk a tightrope between Washington and Beijing. In an interview with CNN aired Sunday, Huang said “we don’t have to worry about” China’s military using U.S.-made […]
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Bitcoin hits new all-time highs as it crosses past $120,000, fueled by ETF inflows
This photograph shows Bitcoin stickers displayed at the microbrewery and bar La Fracasse, in Talence, on the outskirts of Bordeaux, south-western France on June 26, 2025. Christophe Archambault | Afp | Getty Images Bitcoin extended a rally to rise to a new record above $120,000 Monday, fueled by a rally in bitcoin ETFs. The price […]
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China’s exports beat expectations in June, while imports rebound for the first time this year
A cargo ship loads and unloads containers at the Qianwan Container Terminal of Qingdao Port in Qingdao City, Shandong Province, China, on July 10, 2025. Costfoto | Nurphoto | Getty Images China’s exports beat expectations in June as businesses continued to rush out shipments to capitalize on a temporary tariff reprieve ahead of an August […]
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CNBC Daily Open: Surprise tariff salvo on Saturday
President Donald Trump participates in a round table event at the Hill Country Youth Event Center to discuss last week’s flash flooding on July 11, 2025 in Kerrville, Texas. Chip Somodevilla | Getty Images No one likes working over the weekend. Unless you are the leader of the free world firing off social media posts […]
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Singapore’s economy grows 4.3% in second quarter, beating expectations
This photo shows the Marina Bay Sands hotels resort and Garden by the Bay domes backdropped with the city skyline in Singapore on June 27, 2025. Roslan Rahman | Afp | Getty Images Singapore’s economy grew at 4.3% year over year in the second quarter of 2025, accelerating from 4.1% in the first three months […]
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Asia-Pacific markets set to open lower as investors assess Trump’s 30% tariffs on EU and Mexico
Asia-Pacific markets open mixed Asia-Pacific markets started the day mixed Monday. As of 8.10 a.m. Singapore time, Japan’s Nikkei 225 benchmark lost 0.33% while the broader Topix index ticked down 0.21%. In South Korea, the Kospi index was up 0.22% while the small-cap Kosdaq moved up 0.19%. Over in Australia, the S&P/ASX 200 benchmark was down 0.1%. — […]
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