Business

The White House announced on Tuesday that the United States will raise tariffs on Chinese imports valued at $18 billion. These increased tariffs will affect key industries including electric vehicles (EVs), batteries, steel, and critical minerals. Specifically, tariffs on electric vehicles will increase fourfold to 100 percent this year, and those on semiconductors will escalate from 25 percent to 50 …

Emirates, the Dubai-based long-haul carrier, announced on Monday a record profit of $4.7 billion for the year 2023, marking a robust recovery from the disruptions caused by the coronavirus pandemic. The airline reported revenues of $33 billion, an increase from $29.3 billion the previous year, with profits in that year totaling $2.9 billion. The airline transported 51.9 million passengers during …

The Seagull, a modestly priced electric vehicle from Chinese automaker BYD, has set the American automotive industry and political figures on edge. Launched last year, the Seagull retails for about $12,000 in China and offers a build quality that competes with American electric vehicles priced three times higher. A less expensive model with shorter range is available for under $10,000. …

Global stock markets showed mixed results on Monday, following a week in which Wall Street ended on a high note. In Europe, trading was relatively flat. The UK’s FTSE 100 slightly increased by 0.1% to 8,444.23, while Germany’s DAX decreased marginally by 2.40 points to 18,770.45, and the CAC 40 in France dipped by 0.1% to 8,210.88. Futures for the …

Several Federal Reserve officials have indicated that the substantial interest rate hikes over the past two years might need more time to effectively reduce inflation, casting doubt on the likelihood of rate cuts happening this year. A key point raised by Fed policymakers and some economists is that the higher borrowing costs have not significantly impacted American spending as might …

Apple has issued an apology for its latest iPad Pro commercial, acknowledging that it did not achieve its intended message. The advertisement, which was unveiled on social media by Apple CEO Tim Cook, received considerable criticism from viewers who interpreted it as a celebration of technology’s detrimental impact on human creativity and artistry. In response to the negative feedback, Apple’s …

A probe by the New Mexico Attorney General into Meta’s platforms has led to the arrests of three men charged with attempting to sexually abuse children. This follows a detailed investigation into child exploitation risks on Facebook and Instagram, which also initiated a lawsuit against Meta in December. The lawsuit accuses the company of failing to adequately protect children from …

Neuralink, the brain chip implant company founded by Elon Musk, has encountered a setback with its first human test subject, Noland Arbaugh. According to a company blog post, shortly after the implant was placed, some of the chip’s connective threads pulled back from Arbaugh’s brain, affecting the device’s data transmission and overall performance. Details about how the detachment occurred were …