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'Stop production': Small US firms battered by shifting tariffs
When US President Donald Trump announced tariffs on almost all trading partners in April, Ben Knepler contacted the factory in Cambodia producing his company's outdoor furniture.
Elon Musk accuses App Store of favoring OpenAI
Elon Musk has taken his feud against OpenAI to the App Store, accusing Apple of favoring ChatGPT in the digital shop and vowing legal action.
Perplexity AI offers Google $34.5 bn for Chrome browser
Perplexity AI offered Google on Tuesday $34.5 billion for its popular Chrome web browser, which the internet giant could potentially be forced to sell as part of antitrust proceedings.
Disgraced crypto mogul Do Kwon changes plea to guilty in US court
South Korean cryptocurrency specialist Do Kwon pleaded guilty to fraud charges in front of a New York judge on Tuesday following his firm's multi-billion-dollar bankruptcy, court filings showed.
S.Africa to offer US new deal to avoid 30% tariff
South Africa will offer a "generous" new trade deal to the United States on Tuesday to avoid 30-percent tariffs, government ministers said. "When the document is eventually made public, I think you would see it as a very broad, generous and ambitious offer to the United States on trade," Agriculture Minister John Steenhuisen said at a press briefing.
Stocks rise on restrained US inflation
Stock markets rose on Tuesday as US inflation data showed a still-subdued impact from US President Donald Trump's tariffs. Stock markets in Asia rose on the news, with Tokyo hitting a record.
US consumer inflation holds steady but tariff worries persist
Consumer inflation in the United States held steady in July, data showed Tuesday, but underlying price increases picked up as President Donald Trump's sweeping tariffs ripple through the world's biggest economy. From a year ago, underlying inflation rose 3.1 percent, picking up pace too.
EU ready to do plastic pollution deal 'but not at any cost'
The European Union is ready to do a deal to land a groundbreaking treaty on plastic pollution, but not at any cost, the EU's environment commissioner insisted Tuesday. However, we don't like plastic pollution and it's time to end plastic pollution as quickly as possible," the commissioner said.
China Evergrande Group says to delist from Hong Kong
Embattled property giant China Evergrande Group said Tuesday it will delist from Hong Kong Stock Exchange as a heavier-than-expected debt burden weighed on its liquidation process. Evergrande's shares on the Hong Kong stock exchange were suspended that month.
AFP
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