Billionaire entrepreneur Elon Musk is preparing to step away from his role in the U.S. government under President Donald Trump. According to Politico, which cited three sources close to the situation, Musk and Trump have mutually agreed that the Tesla and SpaceX CEO will soon return to his business ventures. Over the past few months,…
Asian stock markets wavered on Wednesday, while gold—considered a safe-haven asset—remained near record highs. Investors worldwide are anxiously awaiting details of U.S. President Donald Trump’s latest tariff plans, fearing an escalation in the ongoing global trade war. The White House is set to announce a fresh round of reciprocal tariffs at 2000 GMT, expected to…
After weeks of heavy losses, Asian markets staged a modest rebound on Tuesday. However, investor sentiment remains fragile as uncertainty looms over U.S. President Donald Trump’s impending tariff announcement. Gold, a traditional safe-haven asset, surged to another record high, reflecting the ongoing market jitters. Markets are bracing for what Trump has dubbed “Liberation Day” on…
MARA Holdings Inc. is making another aggressive move in the Bitcoin space, announcing plans to raise up to $2 billion through a stock offering to fund additional Bitcoin purchases. In a March 28 SEC filing, the Florida-based Bitcoin mining giant disclosed that it would collaborate with major investment firms to sell shares periodically under a…
Japan is doubling down on its efforts to reclaim its position in the global semiconductor industry, announcing an additional $5.4 billion in funding for chip-making venture Rapidus. The latest investment, revealed by Japan’s industry ministry on Monday, brings total government support for the company to 1.7 trillion yen ($11.4 billion). Rapidus, a consortium backed by…
Financial markets worldwide experienced a sharp downturn on Monday following U.S. President Donald Trump’s announcement that tariffs would apply broadly to all countries. His remarks, made aboard Air Force One, dampened hopes that the levies would be more targeted, fueling fears that escalating trade tensions could push the global economy toward recession. With uncertainty looming,…
China’s National Offshore Oil Corporation (CNOOC) has made a significant discovery in the eastern South China Sea, unveiling a massive oilfield with proven reserves exceeding 100 million tonnes. The newly discovered Huizhou 19-6 oilfield is located approximately 170 kilometers (100 miles) from Shenzhen in Guangdong Province. According to state-owned Xinhua News Agency, test drilling at…
In a bold and uncompromising statement, U.S. President Donald Trump has threatened Iran with military action and economic sanctions if it fails to reach an agreement with Washington over its nuclear program. Speaking in a telephone interview with NBC News on Sunday, Trump confirmed that U.S. and Iranian officials were engaged in discussions but refrained…
U.S. President Donald Trump expressed strong frustration with Russian leader Vladimir Putin over recent comments regarding Ukrainian President Volodymyr Zelensky’s leadership. During an early morning phone call with NBC’s Kristen Welker, Trump reportedly conveyed his anger, marking a stark shift in his usual diplomatic tone toward Putin. Trump, who has often taken a pragmatic approach…
Israeli Prime Minister Benjamin Netanyahu stated on Sunday that Israel’s intensified military operations against Hamas in Gaza have been effective, emphasizing that the Palestinian group must surrender its weapons. Speaking at a cabinet meeting, Netanyahu asserted that Israel is “negotiating under fire” and claimed that Hamas’ demands in the ongoing talks are beginning to show…
