Hertz and Avis surge as Trump’s auto tariffs spark rental boom
Shares of Hertz (HTZ) and Avis Budget Group (CAR) surged on Thursday after US President Donald Trump announced a plan to impose a 25% tariff on imported vehicles. The proposed…
Economy
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US halts financial contributions to WTO amid policy review: report
The United States has withheld its 2024 and 2025 financial contributions to the World Trade Organization (WTO), putting $25.70 million in payments on pause, as per a Reuters report.The move…
Why is EU considering deregulation of energy laws amid economic concerns?
The European Commission, the executive arm of the European Union, is actively exploring potential revisions to the existing EU energy laws. This initiative is part of a broader package of proposals…
Oil prices mixed as supply concerns clash with Trump tariff worries
Oil prices were mostly flat after rising earlier in the session on Thursday due to a fall in US inventories. According to the US Energy Information Administration, crude oil inventories in…
From Hyundai, Kia to Tesla: here’s how Trump’s auto tariffs will hit carmakers
US President Donald Trump has announced new import tariffs of 25% on cars and car parts, a move that threatens to escalate global trade tensions. The tariffs will take effect…
Gold surges to new highs as Trump’s policies fuel uncertainty; BofA raises price outlook
Gold prices reached new record highs on Thursday as escalating trade tensions drove investors toward safe-haven assets.“The uncertainty over US President Donald Trump’s impending reciprocal tariffs on April 2 keeps…
Is Bitcoin the answer to the US’s debt problem?
It sounds like science fiction: a digital currency created by a pseudonymous coder helps rescue the world’s largest economy from a sovereign debt spiral. But that’s exactly a conversation that is…
Australia faces potential winter gas shortage, regulator warns
The Australian Competition and Consumer Commission (ACCC) issued a warning on Thursday, highlighting the potential for a gas supply shortage on Australia’s east coast during the winter season (July-September). This shortfall…
How Trump’s leaks and loathing of Europe are forging a new geopolitical order
Sometimes history is written by accident. Europe is finally starting to wake up, but not by free will. It’s because the US, under Trump’s second term, is forcing it to.The…
President Trump signs executive order requiring proof of US citizenship to vote
President Donald Trump signed an executive order on Tuesday aimed at tightening voting regulations, including requiring proof of citizenship on federal voter registration forms. The move comes amid ongoing claims…