Author: MNK News
The United States buys $235.6bn more in goods than it sells to the 27 countries that make up the European Union (EU). That $236bn gap, known as the trade deficit, is something US President Donald Trump wants to reduce. In an effort to close the gap, on April 2 the US imposed a 20 percent tariff on goods imported from the EU, aimed at reducing European exports to the US and encouraging domestic production. In addition, the EU faces a 25 percent US tariff on steel, aluminium and cars. In response, the EU decided to impose retaliatory tariffs on $23.8bn…
Topline Apple was fined $570 million (€500 million) and Meta was hit with a $228 million (€200 million) penalty by the European Union on Wednesday for separate violations of the bloc’s digital market rules, in a move that could raise tensions between the EU and the U.S. amid efforts by both sides to make tariff and trade deals. Apple was fined for the stringent restrictions in places on iPhone App developers who use … More “alternative distribution channels” other that the App Store.NurPhoto via Getty Images Key Facts The European Commission, the EU’s executive body, announced the fines after a…
By Nick Carey, Victoria Waldersee and Brian Thevenot SHANGHAI (Reuters) -Foreign automakers in China face an increasingly urgent challenge at this year’s Shanghai auto show – winning back Chinese buyers while their domestic rivals churn out slick, affordable electric vehicles at a relentless pace. The world’s biggest automakers have steadily lost market share in recent years as Chinese-brand sales have soared. The destruction of legacy-brand equity is spreading fast from low- and mid-priced segments to luxury automakers now struggling to match Chinese rivals with superior EV drivetrains and a dizzying array of high-tech interior features. Germany’s Porsche – among the…
WASHINGTON (AP) — Americans’ trust in President Donald Trump to bolster the U.S. economy appears to be faltering, with a new poll showing that many people fear the country is being steered into a recession and that the president’s broad and haphazardly enforced tariffs will cause prices to rise.Roughly half of U.S. adults say that Trump’s trade policies will increase prices “a lot” and another 3 in 10 think prices could go up “somewhat,” according to the poll by The Associated Press-NORC Center for Public Affairs Research. About half of Americans are “extremely” or “very” concerned about the possibility of…
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. This week’s market recovery has seen Bitcoin (BTC) surge over 10% to retest a key barrier for the first time in weeks. Amid this performance, some analysts suggest that the flagship crypto is about to restart its bullish rally,…
EGYM’s latest innovation expands its connected system of offerings while filling one of the industry’s more persistent gapsKnown for weaving smart, automated strength training equipment that caters to fitness consumers of all levels throughout entire gym floors, EGYM has flexibility in its DNA. Now, the renowned fit tech brand is helping individuals increase theirs while furthering their insight-driven and connected fitness experiences.This year at HFA, EGYM unveiled its Squat Flexibility Test, which measures a user’s flexibility levels through 3D analysis technology and relays that information back to them in an easy-to-digest manner. The innovation, within EGYM’s Fitness Hub, allows users…
Tough negotiations are expected to resume in Qatar in the coming weeks for a broader peace deal.The government of the Democratic Republic of the Congo (DRC) and Rwanda-backed M23 rebels have agreed to pause fighting as they work towards a broader peace deal, according to their joint statement. The truce, declared late on Wednesday after a round of negotiations in Qatar’s capital Doha, has raised hopes that the latest wave of violence, spurred by M23’s bloody January assault and capture of the DRC’s two largest cities, may begin to subside. “Both parties reaffirm their commitment to an immediate cessation of…
As one of four Champion Partners for the Masters, Mercedes-Benz has an on-site hospitality cabin at … More Augusta National.Mercedes-Benz USA The Masters Tournament is significant in many ways. Not only is it the first major in men’s professional golf each year, but the annual April event at Augusta National serves as the unofficial start to the golf season. Steeped in tradition and prestige with typically high TV ratings and social media engagement, everyone wants a piece of the Masters, including Rory McIlroy, who spent over a decade trying to don the green jacket and complete his career Grand Slam,…
BEIJING (Reuters) -China has been flexing its control over the mining and refining of minerals by adding metals essential for clean energy, chipmaking and defence to its export control list, disrupting global supply and sending prices soaring. Through its export licensing system, Beijing gets a direct say over who gets what, and how much. Below is a description of how the system works and how easy it is to get an export license. WHAT IS THE CONTROL LIST AND WHAT MINERALS ARE ON IT? Since 2023, China has restricted the export of at least 16 minerals and related products. Earlier…
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. Chainlink (LINK) cryptocurrency has witnessed significant token flows off exchanges just recently. Over $120 million of LINK tokens have been taken off trading platforms within the last 30 days, reports blockchain analysis company IntoTheBlock. Related Reading Investors Take LINK…