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Tech News

Why is China turning its back on AI chip giant Nvidia?

China reportedly told local tech companies to stop buying Nvidia's chips due to alleged security concerns, as the global AI race intensifies.

Europe News

EU, US release trade statement setting 15% tariff on EU exports

The joint statement, which comes nearly a month after the trade deal was struck, is being described as a "first step" by the EU side, which hopes to secure more tariff exemptions.

Brazil

Brazil's Bolsonaro rejects coup allegations in final court statement

The former president and other defendants were required to present their final arguments by Wednesday. This marks the final procedural step before the trial concludes, which is expected by the end of the year.

Brazil

Brazil announces $5.5B in credits for exporters hit by US tariffs

President Luiz Inácio Lula da Silva described the plan, which includes a bill to be sent to Congress, as a first step to help local exporters.

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Economy

Despite tariff revenue, US deficit grows as spending hits record high

Even with customs revenue quadrupling under new tariffs, record-high spending on benefits, healthcare and debt interest drove the largest monthly deficit in US history.

Markets

European shares forge ahead after record highs on Wall Street

Increased hopes for a US rate cut propel markets to fresh highs

Mexico

Mexico extradites 26 cartel members to US in deal with Trump

The move marks the second time Mexico extradites cartel members to the US, in an effort to curb the threat of US tariffs on its imports.

Economy

Warning signs in Europe's job market: Workers now brace for tariffs

With tariff rates and their effects on the European economy swinging sharply over the past few months, Euronews Business looks at how this could affect employment across the continent.

Economy

US inflation shows limited tariff impact, but prices still rise

The latest US numbers show July inflation came in softer than expected at 2.7%. Core prices hit 3.1%, with a more significant tariff hit expected later in the year.

USA

Trump extends pause on China tariffs for another 90 days

Trump has extended his tariff pause on China for another 90-days just hours before the last trade truce was set to expire.

Business

Chipmakers Nvidia and AMD to pay 15% of China revenue to US government

The unprecedented deal is part of a bargain to secure US export licenses for the Chinese market.

Europe News

Tariffs & Trivia: Your summer EU-US trade war recap quiz

The US-EU tariff saga kept us hooked all summer long. But were you paying attention as both sides traded blows? Take the test to find out.

Markets

Gold futures rise after report Trump has placed tariffs on gold bars

The futures reached a record high on Friday after the US reportedly placed tariffs on imports of one-kilo gold bars.

Economy

Who got the best trade deal with the US - the EU or UK?

The EU and UK both concluded trade agreements with the US almost three months apart setting new tariffs on their imports. According to the Commission, the EU got the better deal.

Economy

China’s exports grow despite tariff turmoil as trade pivots to Africa

While a trade deal with the US is still being fine-tuned and talks are underway, the Chinese economy reports export growth and a rerouting of trade to Africa.

USA

US President Donald Trump's sweeping global tariffs go into effect

The move comes after Washington paused its "reciprocal tariffs" for almost four months to allow countries to negotiate trade deals with the US.

Business

Trump declares 100% computer chip tariff unless firms build in the US

The announcement comes more than three months after Trump temporarily exempted most electronics from his administration's most onerous tariffs.

Europe News

Haunted by Merkel: Trump still grappling with Europe’s lost leader

Trump spoke on CNBC about the current state of markets in the US, but was quizzed about the EU-US trade deal, and reminisced about a conversation with former German chancellor Angela Merkel.

Economy

Trump cranks up India tariffs to 50% in an attempt to pressure Russia

Brazil and India now face the world’s steepest blanket tariff at 50%, with India targeted for Russian oil purchases undermining US sanctions.

Economy

Despite tough talk, most Canadian, Mexican goods dodge Trump tariffs

Canada and Mexico have been at the centre of Trump's tariff positioning from day one, but it seems that the pre-existing USMCA deal protects most goods from US tariffs.

Stay on top of the latest news about Trump tariffs and their effects on the global economy.