In the three months ending in June, Australia’s core inflation rate declined, which strengthened the case for the Reserve Bank of Australia to ease monetary policy as early as August if there were signs of easing price pressures. Data released by the Australian Bureau of Statistics on Wednesday showed that the closely watched consumer price […]
Apple has lost its fourth artificial intelligence researcher in a month, who has joined Meta Platforms Inc. This is the latest setback for the iPhone maker’s artificial intelligence efforts. According to informed sources, Bowen Zhang, a key researcher in multimodal artificial intelligence at Apple, left the company on Friday and will join Meta’s newly established […]
US President Donald Trump said that after Thailand and Cambodia agreed to stop conflicts in the disputed border area, the United States would resume trade negotiations with the two countries and take credit for promoting peace between the two countries after threatening to impose punitive tariffs. After five days of fighting, including air strikes and […]
This week, the EU avoided an impending trade war with the US, but the market and a growing number of critical voices dispelled earlier hopes that the deal would bring a sense of stability to transatlantic relations. On Monday, the euro fell by more than 1% against the US dollar, marking its biggest drop in […]
“That’s the third building,” Powell interrupted the president, “built five years ago.” When a reporter asked Trump what he would do if the manager of a construction project he was in charge of exceeded the budget, he replied straightforwardly: “What would I do in general?” Trump said, “I would fire them.” When Trump tapped Powell […]
This week, the United States and Japan reached what President Donald Trump called the largest trade deal in history. But Tokyo’s pledge to set up a $550 billion US investment fund has raised doubts about the feasibility of the deal due to a lack of details, and the agreement has been put forward as a […]
President Donald Trump reached a trade deal with Japan, which will impose a 15% tariff on products imported from Japan to the United States, including the automotive industry, while setting up a $550 billion fund supported by Japan for investment in the United States. Trump held a 75-minute final meeting with Japan’s chief trade negotiator […]
After Japanese Prime Minister Shigeru Ishiba suffered a historic defeat in the election, Japanese government bonds are likely to be further sold off, although the direct reaction on Tuesday was curbed by a rebound in global debt markets. Japanese 10-year and 20-year government bonds edged lower in Tokyo trading after the resumption, with yields rising […]
Six months into his second term, Trump has softened his campaign rhetoric, no longer emphasizing the huge trade deficit with China and the resulting job losses. This more conciliatory stance contrasts sharply with his threats to other trading partners that he would devastate their economies with high tariffs. Trump is now focused on reaching a […]
President Donald Trump said he has no intention of firing Jerome Powell, but still made it sound like a threat. Trump’s remarks ended a busy day of activities, pushing his pressure on the Fed chair to a new level and causing a brief market plunge. Later on Tuesday, he floated the idea of firing Powell […]