English News

TSMC Q2 profit soars 61% to record high; sees AI demand offsetting forex headwinds

Taiwan Semiconductor Manufacturing Corp (TSMC) clocked a sharp rise in its second-quarter net profit on Thursday, beating market expectations as the chipmaker continued to benefit from robust artificial intelligence demand. CEO C.C. Wei said that he saw few chances of AI-driven demand slowing in the coming months. But Wei flagged some caution over the fourth

TSMC Q2 profit soars 61% to record high; sees AI demand offsetting forex headwinds Read More »

European stocks rise after earnings deluge; eurozone CPI due

European stocks rose Thursday, with investors ploughing through a steady supply of new corporate earnings against a backdrop of uncertain trade negotiations. At 03:15 ET (07:15 GMT), the DAX index in Germany climbed 0.7%, the CAC 40 in France gained 1.2% and the FTSE 100 in the U.K. rose 0.4%. European equities have been on tenterhooks for most of this week

European stocks rise after earnings deluge; eurozone CPI due Read More »

Trump says he has no plans to fire Powell; TSMC reports – what’s moving markets

U.S. stock futures are subdued in the wake of a dramatic session that saw equities whipsaw on reports that President Donald Trump was planning to fire Federal Reserve Chair Jerome Powell. Trump later denied the rumors, but did not rule out the chance he could oust Powell. Meanwhile, a survey of U.S. businesses indicates a

Trump says he has no plans to fire Powell; TSMC reports – what’s moving markets Read More »

Trump’s new Brazil tariffs could raise US beef prices

United States President Donald Trump’s newly announced tariffs of 50 percent on Brazilian imports could drive up beef prices for US consumers. Unless the White House delays or reverses course, the tariffs are set to take effect on August 1. After China, the US is the second-largest importer of Brazilian beef. Brazil is currently the fifth-largest source

Trump’s new Brazil tariffs could raise US beef prices Read More »

As millions adopt Grok to fact-check, misinformation abounds

On June 9, soon after United States President Donald Trump dispatched US National Guard troops to Los Angeles to quell the protests taking place over immigration raids, California Governor Gavin Newsom posted two photographs on X. The images showed dozens of troopers wearing the National Guard uniform sleeping on the floor in a cramped space, with a

As millions adopt Grok to fact-check, misinformation abounds Read More »

Trump announces 35% tariffs on Canada starting Aug. 1, warns of higher levies if Ottawa retaliates

U.S. President Donald Trump on Thursday raised tariffs on Canadian imports to 35%, effective Aug. 1, complaining that Ottawa had retaliated with duties against Washington. “Instead of working with the United States, Canada retaliated with its own Tariffs,” Trump said to Mark Carney, prime minister of Canada, in a letter posted on Truth Social. He attributed fentanyl as

Trump announces 35% tariffs on Canada starting Aug. 1, warns of higher levies if Ottawa retaliates Read More »

Afaq Group Launches TOKEN CONGRESS JORDAN to Lead the Digital Transformation Dialogue

Amman – Afaq Group for Conferences and Exhibitions announced the launch of the first edition of TOKEN CONGRESS JORDAN, to be held on Monday, September 23, 2025, at Mövenpick Hotel Amman, with wide participation from Jordan and across the Arab region. The congress comes at a pivotal moment following the Royal Decree approving Jordan’s new

Afaq Group Launches TOKEN CONGRESS JORDAN to Lead the Digital Transformation Dialogue Read More »

Wall Street futures rise after Israel-Iran ceasefire

U.S. stock index futures rose on Tuesday as President Donald Trump announced a ceasefire between Israel and Iran, calming investor nerves after the 12-day conflict hurt global risk assets and fanned inflation concerns. Investors are also awaiting Federal Reserve Chair Jerome Powell’s congressional testimony later in the day for clues on the near-term path for

Wall Street futures rise after Israel-Iran ceasefire Read More »

Mexico’s inflation rises in line with forecasts in early June

Mexico’s headline inflation rose in line with expectations in the first half of June, reinforcing expectations that the central bank should continue to steadily bring down interest rates in Latin America’s second-largest economy. Mexican consumer prices rose 0.10% during the first half of June, data from the national statistics agency showed on Tuesday, in line

Mexico’s inflation rises in line with forecasts in early June Read More »

Scroll to Top