EU Weighs Temporary Tariff Reinstatement for Ukraine as Trade Deal Talks Stall
The European Union is considering reinstating its pre-war trade agreement with Ukraine on a temporary basis if a renegotiated deal is not finalized before emergency tariff suspensions expire on June 5, according to EU diplomats. To avoid a disruption in trade, the European Commission has proposed a seven-month transition period that would extend the current […]
Harvard Commits $250 Million to Support Research Amid Trump-Era Federal Funding Freeze
Harvard University announced Wednesday that it will commit $250 million of its own funds to support researchers after the Trump administration froze nearly $3 billion in federal grants and contracts, escalating a broader standoff over academic freedom and ideological control in higher education. The funding move comes as the Ivy League institution pursues legal action […]
Trump Administration Cuts Additional $450 Million in Harvard Funding Amid Escalating Campus Dispute
The Trump administration has slashed another $450 million in federal funding to Harvard University, deepening a standoff over academic freedom, campus protests, and allegations of anti-Semitism. The move brings the total amount of suspended federal support to over $2.6 billion in recent weeks. The latest cut, announced Tuesday by a joint federal task force formed […]
Tesla to Resume China-US Shipments for Cybercab, Semi Production After Trade Truce
Tesla is set to restart shipments of key components from China to the United States by the end of the month, clearing a major hurdle for the production of its upcoming Cybercab and Semi truck models, a source familiar with the matter told Reuters. The move follows a breakthrough in US-China trade relations after high-level […]
U.S. and China Agree to 90-Day Tariff Reduction in Bid to Ease Trade Tensions
The United States and China announced a 90-day mutual reduction in tariffs on Monday, following high-level negotiations in Geneva aimed at de-escalating months of rising economic tensions. The agreement, laid out in a joint statement, signals a temporary truce in the ongoing trade dispute and sets the stage for broader economic talks between the world’s […]
Trump Administration Weighs Major Tariff Cuts Ahead of U.S.-China Trade Talks
The Trump administration is preparing to propose significant tariff reductions in upcoming talks with China, in a bid to ease economic pressure and de-escalate long-running trade tensions. Talks are set to begin Saturday in Geneva, led by U.S. Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng. According to sources close to the negotiations, […]
Dangote Accuses Oil Cabal of Sabotage, Vows to Overcome Resistance
Aliko Dangote, President of Dangote Industries Limited (DIL), has accused entrenched interests in Nigeria’s oil and gas sector of fighting to derail his multi-billion-dollar petrochemicals project. Speaking at an investor forum in Lagos over the weekend, Dangote said the “cabal”—which profited for years from government-subsidized oil imports—continues to sabotage the $20 billion refinery in Lekki, […]
Trump’s 25% Auto Parts Tariff Takes Effect, Sparking Industry Fears of Rising Costs and Supply Disruptions
A 25% import tariff on engines, transmissions, and other essential auto components officially took effect in the U.S. this week, adding fresh turmoil to an automotive industry already rattled by President Donald Trump’s evolving trade agenda. The latest levy—part of Trump’s sweeping push to prioritize American manufacturing—comes on the heels of last month’s 25% tax […]
Tesla Chair Denies CEO Succession Search, Reaffirms Board’s Confidence in Elon Musk
Tesla Chair Robyn Denholm on Thursday strongly refuted a Wall Street Journal report alleging that the company’s board had initiated a search for a new CEO to potentially replace Elon Musk. The Journal, citing unnamed sources, reported Wednesday that Tesla board members had reached out to executive search firms about a month ago to discuss […]
U.S. Tourism Faces $90 Billion Hit as Trump-Era Trade Tensions Spark Global Backlash and Travel Declines
The U.S. travel and tourism industry is facing a steep decline, with potential revenue losses estimated at up to $90 billion, as global backlash against the Trump administration’s trade policies and rhetoric intensifies. The downturn is being driven in large part by declining travel from key U.S. allies—particularly Canada, the United Kingdom, and Germany—traditionally among […]
