Industry

Joe Biden Extends Suspension of Trump-Era EU Steel, Aluminum Tariffs for 2 Years

Joe Biden Extends Suspension of Trump-Era EU Steel, Aluminum Tariffs for 2 Years

President Joe Biden has extended the suspension of tariffs on European Union (EU) steel and aluminum for two more years.


China's Xiaomi, Tesla's New Rival, Unveils Its First EV as It Aims to Be One of the World's Top 5 Automakers

Chinese tech giant Xiaomi unveiled its first EV model, the SU7, on Thursday, when it detailed plans to enter the competitive electric vehicle (EV) market.

India Set to Block 9 Global Crypto Platforms, Including Binance and Kraken

India has identified nine global cryptocurrency exchanges, including Binance, Kraken, Kucoin, and Mexc, operating "illegally" in the country.

Joe Biden's Medicare Drug Price Negotiations Under the Inflation Reduction Act to Face Major Tests in 2024

President Joe Biden's program under the Inflation Reduction Act of 2022, allowing Medicare to negotiate drug prices directly with manufacturers, will face major tests in 2024.


Latest News

Online Retailer Zulily Is Closing Down, Laying Off Hundreds of Workers
US-based online retailer Zulily has announced its closure, surprising its customers and hundreds of employees who will be laid off.
Russia's Sokol Oil Delivery to India Faces Delay: Here's Why
The delivery of Russian Sokol grade crude oil to the Indian Oil Corp has faced a delay. The delivery of Russia's Sokol crude oil to the Indian Oil Corp (IOC) has reportedly faced a setback due to payment issues, causing shipment delays.
2 Cities in China Halt Heavy Industries to Combat Pollution
Two cities in northwestern China have implemented preventive measures to address an anticipated heavy pollution surge in the coming days.
US Buys 3 Million Barrels of Oil to Replenish Strategic Reserve
The United States has successfully finalized contracts to buy three million barrels of oil to help replenish the Strategic Petroleum Reserve (SPR) following last year's record-setting sale, the US Department of Energy disclosed.
Mexico Launches Army-Run Airline Mexicana, Takes off With First Flight to Resort of Tulum
Mexico launched its army-run airline on Tuesday when the new Mexicana de Aviacion airline's first flight took off from Mexico City.
'The Color Purple' Sets a New Box Office Record as the Second-Highest Christmas Debut of All Time
Warner Bros. Discovery's latest film, "The Color Purple," has outperformed expectations after earning the second-highest Christmas Day opening of all time.
Israel Gives Intel $3.2 Billion Grant for New $25 Billion Chip Plant, Biggest Ever Foreign Investment in Country
The Israeli government has approved to give Intel a $3.2 billion grant for its upcoming $25 billion chip plant in southern Israel.
Russia Lacks Nearly 5 Million Workers This Year as Ukraine War Drains Its Labor Force: Report
Russia is reportedly grappling with a significant shortage of workers, with a deficit of around 4.8 million employees this year.
Shipping Giant Maersk to Resume Red Sea Voyages With US-Led Security Force in Place
Shipping giant Maersk has announced its readiness to resume sailing through the Red Sea following the launch of a US-led multinational naval operation.
China's Latest Crackdown on Video Games Triggers an $80 Billion Market Meltdown
China's announcement of draft rules aimed at curbing spending in online games and restricting incentives that encourage prolonged online engagement resulted in an $80 billion market selloff.
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