Dreams do come true. U.S. President Donald Trump wished for Canada’s tax on U.S. tech companies to disappear on Friday, and by Sunday, it had. Mostly, there was a sense of surprise that the federal government would play such a valuable card this soon. The digital services tax (DST), which Ottawa was supposed to start collecting on … Read more
Brent crude prices pared gains from the previous session and fell nearly $2 on Friday after the White House delayed a decision on U.S. involvement in the Israel-Iran conflict, but they were still poised for a third straight week in the black. Ilan Rosenberg | Reuters Oil futures fell sharply on Tuesday as a freshly … Read more
Oil futures jumped 3% at the start of the first trading session since the U.S. launched direct attacks against Iran, casting further shadow over the supply outlook in the embattled oil-rich Middle Eastern region. U.S. crude oil on Sunday evening rose $2.30, or 3.1%, to $76.14 per barrel, while global benchmark Brent jumped $2.38, or … Read more
Cranes surround one of the two reactors being constructed at Hinkley Point C on September 27, 2024 in Bridgwater, England. Anna Barclay | Getty Images News | Getty Images U.S. asset management giant Apollo is set to provide a £4.5 billion ($6 billion) loan to plug a shortfall facing U.K. nuclear project Hinkley Point. The deal was first reported … Read more
Chip engineer handling a wafer. Compared to Nvidia’s export-restricted chips, the performance gap between Huawei and the H20 is less than a full generation,” said Dylan Patel, founder, CEO and chief analyst of SemiAnalysis. Sinology | Moment | Getty Images With the U.S. restricting China from buying advanced semiconductors used in artificial intelligence development, Beijing … Read more
Chinese President Xi Jinping meets with U.S. President Donald Trump in Osaka, Japan, June 29, 2019. Xinhua News Agency | Xinhua News Agency | Getty Images President Donald Trump declared the trade war with China “done” Wednesday, while Commerce Secretary Howard Lutnick said tariffs on Chinese goods will be locked in at the current 55% … Read more