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Cecafé, Brazil’s coffee exporters council, called the tariff hike “a complete loss of competitiveness.” “The tariff reversal comes after months of intense work representing the interests of Brazilian coffee. It is a historic victory for the entire coffee agribusiness production chain,” the council said in a statement. Brazil has long been a key supplier of beef … Read more
Speaker Emerita Nancy Pelosi will not seek reelection to the U.S. House, bringing to a close her storied career as not only the first woman in the speaker’s office but arguably the most powerful in American politics. Pelosi, who has represented San Francisco for nearly 40 years, announced her decision Thursday. “I will not be seeking reelection to Congress,” Pelosi … Read more
Any agreement would be a relief to international markets even it does not address underlying issues involving manufacturing imbalances and access to state-of-the-art computer chips. Beijing recently limited exports of rare earth elements that are needed for advanced technologies, and Trump responded by threatening additional tariffs on Chinese products. The prospect of a widening conflict risked weakening economic growth worldwide. China’s … Read more
Trowbridge in Somerset, England, on March 15, 2025. Anna Barclay | Getty Images News | Getty Images BP CEO Murray Auchincloss on Tuesday leaned into the growth potential of the company’s recent oil and gas discoveries, as the struggling energy major contends with takeover questions and a major turnaround plan. “Inside the upstream, we’ve had tremendous performance, along with record … Read more
Tim Scott praised the House of Representatives for passing the bipartisan Guiding and Establishing National Innovation for U.S. Stablecoins Act, marking a major step forward in U.S. digital asset regulation. In a July 17 statement, Senate Banking Committee Chairman Tim Scott (R-S.C.) called the legislation which was just passed “a major milestone in securing America’s … Read more
U.S. President Donald Trump gestures at the annual National Memorial Day Observance in the Memorial Amphitheater, at Arlington National Cemetery in Arlington, Virginia, U.S., May 26, 2025. Ken Cedeno | Reuters U.S. President Donald Trump said Tuesday he welcomed the European Union, after he agreed to delay a 50% tariff on goods from the bloc until … Read more
U.S. Air Force One upon arrival at the at Fiumicino Airport on April 25, 2025 in Rome, Italy. Marco Mantovani | Getty Images News | Getty Images President Donald Trump on Monday said Qatar had made a “very nice gesture” in offering the U.S. a 747 jet to act as Air Force One, blaming the … Read more
Ukraine’s President Volodymyr Zelensky (R) meets with French President Emmanuel Macron (L), British Prime Minister Keir Starmer (2nd L) and U.S. President Donald Trump (2nd R) during Pope Francis’s funeral at St. Peter’s Basilica at the Vatican, on April 26, 2025 in Vatican City, Vatican. Ukrainian Presidential Press Service—Getty Images
China’s so-called “DeepSeek moment” is likely to be good news in the global race to develop artificial intelligence models that can carry out more complex tasks, according to Jean-Pascal Tricoire, chairman of French power-equipment maker Schneider Electric. “I actually think its good news. We need AI at every level,” Tricoire told CNBC’s Steve Sedgwick at … Read more
Nvidia lost a record $600 billion in market cap over a single day last month after DeepSeek debuted its R1 model. Read More
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