Economy

Economy Latest News

Musk brands Trump aide 'dumber than a sack of bricks' in tariff spat
Musk brands Trump aide 'dumber than a sack of bricks' in tariff spat
by  AFP

Billionaire Elon Musk blasted President Donald Trump's senior trade advisor Peter Navarro as "truly a moron" and "dumber than a sack of bricks" on Tuesday in a growing rift over the US tariff policy that has rocked the world. Navarro is dumber than a sack of bricks."

UK to host Europe's first Universal theme park
UK to host Europe's first Universal theme park
by  AFP

Universal will build its first European theme park in Britain, Prime Minister Keir Starmer said Wednesday, unveiling a mega deal which could create thousands of jobs and attract millions of tourists. An estimated 8.5 million people would visit in its first year planned for 2031, making it the largest attraction in Britain.

Judge orders White House to lift restrictions on AP access
Judge orders White House to lift restrictions on AP access
by  AFP

A US federal judge ordered the White House on Tuesday to restore the Associated Press's access to President Donald Trump's official events, saying it had no right to bar media for their "viewpoints." The AP filed suit against the White House after it began denying access to Trump's official events to the news agency's reporters and photographers.

Markets rise despite China-US tariff clash
Markets rise despite China-US tariff clash
by  AFP

Stock markets regained some ground Tuesday, even as trade tensions between the United States and China were strained by turmoil over President Donald Trump's tariffs offensive. - China 'confident' - In the war of words, China also condemned remarks by Vice President JD Vance in which he said the United States had for too long borrowed money from "Chinese peasants."

Trenitalia wants to compete with Eurostar on Paris-London route
Trenitalia wants to compete with Eurostar on Paris-London route
by  AFP

Trenitalia said Tuesday it plans to launch a new high-speed rail service connecting London and Paris, as the days of Eurostar's three-decade monopoly on the line look increasingly numbered. Trenitalia said Tuesday it plans to invest one billion euros ($1.1 billion) to launch its Paris-London service, also by 2029.

Trump's trade representative says tariffs 'bearing fruit'
Trump's trade representative says tariffs 'bearing fruit'
by  AFP

The top US trade official on Tuesday defended President Donald Trump's sweeping tariffs on nearly every other nation, telling US senators almost 50 countries had reached out to make a deal. "Nearly 50 countries have approached me personally to discuss the president's new policy and explore how to achieve reciprocity," he told the Senate Finance Committee.