Finance news

Customs dispute: USA reaffirms tariff caps for EU and Japan

US Trade Representative Greer reaffirms the agreed upper limits with the EU and Japan. But new tariff threats from Washington are once again causing uncertainty.

Hong Kong signs 96 agreements with Kazakhstan and Uzbekistan worth US$1.65 billion

Hong Kong has signed 96 agreements with Kazakhstan and Uzbekistan worth US$1.65 billion during city leader John Lee Ka-chiu’s visit to Central Asia, which he hailed as a “successful” mission setting the stage for closer government and business ties with the region. Lee on Thursday also said Hong Kong had initiated an agreement with Uzbekistan that paved the way for airlines on both sides to launch a new direct route, days after the city’s flag carrier Cathay Pacific Airways announced it would...

Why America’s Gas Power Boom Could End in Disaster

There are over 100 new gas fired power stations under construction in the US. The US Energy Information Administration (EIA) projects that domestic gas demand will rise 6% next year as some of those new plants enter commercial operation. All we can say is this is not likely to be a blip but rather a new, higher, demand baseline. These new gas power plants are designed to last more than thirty years. As we’ve said before, this is the transition in central station power generation that the US util

Delfin to Proceed with US' First Floating LNG Project

Delfin announced a $5 billion investment to launch a Gulf Coast project that will be the United States' first floating liquefied natural gas facility.

Are Japan-Philippines talks a maritime red line for China’s blue-water ambitions?

Beijing’s strong opposition to maritime boundary talks between Manila and Tokyo reflects growing wariness over a shifting balance of power in the western Pacific. And, experts warn, these talks – part of a highly calculated geopolitical effort by US allies – could reinforce the so-called first island chain and restrict Beijing’s naval access in an area vital to any potential conflict over Taiwan: its clear red line. Tensions have sharpened since Japan and the Philippines announced last week that

U.S. Lawmakers Push New Ukraine Aid and Russia Sanctions

The US House of Representatives voted on June 3 to advance legislation providing new military assistance to Ukraine, overcoming opposition from the administration and marking the first major Ukraine support measure to gain traction in Congress since Donald Trump's return to office. The House approved a procedural motion by a vote of 218-204, clearing the way for a final vote on the Ukraine Support Act, a bill that would provide billions of dollars in military assistance, strengthen sanctions aga

US energy policy: Trump is adding more coal

The American government wants to support the coal industry with $700 million. The great demand for data centers gives her a new argument.

Trump to nominate Todd Blanche as US attorney general

President Donald Trump said he would ⁠move to ⁠nominate acting US Attorney ⁠General Todd Blanche on Thursday to permanently lead the Justice Department, which would make his former personal lawyer the nation’s top law enforcement officer. “He’s acting attorney general. Tomorrow. ‌I’m instructing Dan (Scavino) and everybody else that’s involved in that very complicated process – which is going to go, I think, very quickly – that we are going to make him permanent attorney general,” Trump said at.

‘Brilliant’: US public cheers dancing Unitree robots while Congress looks to ban them

A gulf is emerging between how the American public and lawmakers are viewing Chinese robots, analysts say, following a high-profile performance by Chinese robotics champion Unitree’s humanoid robots on US television show America’s Got Talent, which received a standing ovation from the studio audience. While ratings figures have yet to be announced, the appearance of Unitree’s G1 robots on a prime time American television show in its season premiere could contribute to mainstream acceptance of...

Business ticker: US investor apparently wants to take over the airline Easyjet with shipping company MSC

SpaceX sets issue price for IPO +++ Deepseek apparently secures 6.4 billion euros in financing round +++ Bayer faces new hurdle in glyphosate comparison +++ News in the company live blog.

US-China policy under Donald Trump is heading for ‘unpredictable drift’: expert

Soon after Donald Trump concluded a visit to China that he hailed as a great success, America’s top diplomat joined his Indian, Japanese and Australian counterparts in New Delhi for a meeting of the Quadrilateral Security Dialogue. At the meeting on May 26, US Secretary of State Marco Rubio and the foreign ministers launched the Quad Critical Minerals Initiative Framework, a strategic push to curb global reliance on Beijing for rare earth elements. Member states are pooling up to US$20 billion..

As India rises in critical minerals race, can it dent China’s dominance?

A new India-US pact on critical minerals has put the spotlight on New Delhi’s potential as an alternative to China, but analysts say despite the country’s significant resources, it is unlikely to dent Beijing’s dominance in the sector any time soon. Delhi and Washington signed a framework agreement on May 26 during US Secretary of State Marco Rubio’s visit to India to secure supplies of critical minerals and rare earths, including their mining and processing. According to a US embassy statement,

Aviation: US investor apparently wants to take over the airline Easyjet with MSC

According to a report, the financial investor Castlelake is considering a joint offer for the British low-cost airline. The family behind MSC has been looking for a way into the aviation business for a long time.

Animal Production: Flesh-Eating Parasite Threatens US Livestock Industry

A pest that was thought to be eradicated in the United States is once again threatening millions of cattle. Appeared in Texas, the fly species could cause billions of dollars in damage.

On the US East Coast: 35 kilometers to the flight: Airport tests outsourced terminal

Most people are probably familiar with remote work. But a remote terminal? This is now available at Boston - with a record-breaking route after security.

US House passes war powers resolution to curb Trump’s authority in Iran

https://www.theguardian.com/us-news/2026/jun/03/house-passes-war-power-resolution-trump-iran The House voted 215 to 208 in favor of the war powers resolution, as four Republicans voted with Democrats. The dissident Republicans were Thomas Massie of Kentucky, Brian Fitzpatrick of Pennsylvania, Warren Davidson of Ohio and Tom Barrett of Michigan. The vote sends the resolution to the Senate. A handful of Senate Republican defectors joined Democrats last month to advance a similar resolution forcing

US Says Israel, Lebanon Agreed Truce on Hezbollah Condition

The White House said the agreement between Israel and Lebanon was contingent on 'a complete cessation' of attacks by the Iran-backed militia.

Iran war: Even a peace deal won't fix energy crunch

The growing energy and supply chain crisis is unlikely to ease even if the US and Iran step back from the brink. Experts warn that reopening the Strait of Hormuz and repairing infrastructure could take months or years.

Boston ranked top US city for foreign companies in Nikkei-FT survey

USA: Trump's ex-defender Blanche should remain justice minister

US President Donald Trump now wants to make his former personal lawyer permanent Minister of Justice. Will the Senate approve the personnel?

Elon Musk: SpaceX wants to raise $75 billion in record IPO

Elon Musk's space company SpaceX wants to raise billions in the largest IPO in history. The company is aiming for a valuation of $1.8 trillion despite huge losses.

USA: Successes, hardly any mistakes: Obama Museum in Chicago opens soon

Former US President Obama opens his presidential library. It describes the Democrat's career and successes in detail. However, visitors have to look for his missteps.

Protests grow over Trump family-linked resort project in Albania

A massive coastal development project linked to Jared Kushner, the son-in-law of US President Donald Trump, is facing growing resistance from protesters in Albania. The government says the development on the Adriatic coast would be transformational for the former communist nation as it seeks to enter the high-end tourism market and pushes for European Union membership. But the venture, spanning an abandoned island and a nearby stretch of seafront on Albania’s southern coast, has drawn opposition

Nikkei, Yen, Hang Seng: US-Iran conflict and AI weakness weigh on Asian stock markets

Geopolitical tensions in the Middle East are weighing on Asian stock markets. AI and chip stocks are under pressure after a weak outlook from Broadcom.

IPO: Austria's gas engine manufacturer Innio is aiming for a valuation of $20 billion in its New York IPO

The Tyrolean energy technology company is going public on the US stock exchange on Thursday and is asking for $27 per share. How the hidden champion benefits from the data center boom.

12 Hangry Men – jury equity from the Old Bailey to Hong Kong

In the Grand Hall of London’s Central Criminal Court, ubiquitously known as the Old Bailey, lies a plaque commemorating the courage of the jury in the 1670 trial of William Penn. Penn – who would later found the US state of Pennsylvania – and his co-accused were Quakers, charged with contravening the Conventicle Act 1664, which banned religious gatherings other than those of the Church of England. The Recorder of London, presiding at Penn’s trial, directed the jury to convict. The jury refused..

A Chinese robotics start-up beat Nvidia on a global AI ranking. Is a new tech war brewing?

As artificial intelligence steps out of the digital realm and into the real world, the race to build the embodied “brains” powering next-generation robots has become the newest battleground in tech competition between China and the United States. Two days after US chip giant Nvidia launched its Cosmos 3 model – designed to help physical AI “think before it acts” – a Chinese start-up stole the spotlight. On Wednesday, Hangzhou, Zhejiang province-based Spirit AI said its foundation model for...

Pressure on Trump is growing: US House of Representatives votes against war on Iran

The US House of Representatives wants to set limits on President Trump's use of troops against Iran. This is a dangerous sign for the US President.

Israel and Lebanon agree to renew fragile ceasefire, create Hezbollah-free zones

Israel and Lebanon agreed Wednesday to renew their fragile ceasefire and create a number of “pilot” security zones inside Lebanon from which Hezbollah militants would be banned. In a joint statement released after a fourth round of US-mediated talks at the State Department, the two sides said the ceasefire “is contingent on a complete cessation of Hezbollah fire and the evacuation of all Hezbollah operatives” from areas south of the Litani River. It was not immediately clear how the security...

Taiwan opposition leader promotes cross-strait peace during US trip

The need for Beijing and Washington to pursue “reconciliation and cooperation” and avoid war is the central message of her US trip, Taiwan’s main opposition leader Cheng Li-wun said in San Francisco. Cheng, leading a delegation from the Kuomintang (KMT), arrived in San Francisco on Monday evening, beginning a two-week US visit closely watched in Beijing, Taipei and Washington. In San Francisco’s Chinatown on Tuesday, Cheng said China and the US should forge “a relationship of friendship and...