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US Fed expected to sit tight as Trump tariff fears buffet markets
The US Federal Reserve is widely expected to extend its rate cut pause on Wednesday as it seeks to chart a path through the economic turbulence unleashed by President Donald Trump's on-again, off- again approach to tariffs.
Trump purges Democrats from US Federal Trade Commission
One of two Democrats on the US Federal Trade Commission announced Tuesday that President Donald Trump had fired him from the agency, which is intended to guard against unfair business practices. The other Democrat on the commission, Rebecca Kelly Slaughter, also said she was fired, US media reported.
Bank of Japan expected to hold rates
The Bank of Japan is widely expected to keep interest rates unchanged in a Wednesday policy decision, with analysts pointing to economic uncertainty fuelled by US trade tariffs. Economists say bank officials are likely to keep the key interest rate at its current level of 0.5 percent when a two-day policy meeting concludes on Wednesday.
US music industry posts 100 million paid streaming users
The US music industry passed 100 million paid streaming subscriptions for the first time in 2024, according to the latest report from the Recording Industry Association of America released Tuesday.
Canada PM Carney announces deal with Australia to boost Arctic radar
Prime Minister Mark Carney announced Tuesday a Can$6 billion (US$4.2 billion) deal with Australia to develop an Arctic radar system, warning that Canada must take more responsibility for its defence as US priorities shift. Funding for enhanced Arctic radar was announced under Trudeau, but the decision to partner with Australia was unveiled Tuesday.
Nvidia showcases new tech at AI 'Super Bowl'
Nvidia chief Jensen Huang on Tuesday showcased cutting-edge chips for artificial intelligence and new applications for the technology, shrugging off talk of China's DeepSeek disrupting the market and dangers from US President Donald Trump's trade wars.
Leap of faith for Ubisoft with 'Assassin's Creed' set in Japan
Packing familiar formulas into an all-new Japanese setting, "Assassin's Creed Shadows" is the latest big-budget game from developer Ubisoft that is staking its future on the title.
Germany's Siemens to cut over 6,000 jobs worldwide
German industrial giant Siemens said Tuesday it planned to cut over 6,000 jobs worldwide due to weak demand and increasing competition in China and in its home market. "Muted demand primarily in the key markets of China and Germany coupled with increased competitive pressures have considerably reduced orders and revenue in the industrial automation business," said the group in a statement.
Bessent says nations may avoid US reciprocal tariffs by halting unfair barriers
US Treasury Secretary Scott Bessent on Tuesday said Washington could hold off reciprocal tariffs for countries that halt practices it deems unfair, adding that officials will produce a list of levies on April 2.
AFP
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