Economy
AI surge to double data centre electricity demand by 2030: IEA
Electricity consumption by data centres will more than double by 2030, driven by artificial intelligence applications that will create new challenges for energy security and CO2 emission goals, the IEA said Thursday. According to the IEA, data centre electricity consumption will reach about 945 terawatt hours (TWH) by 2030.
Samsung under pressure as US tariffs rattle South Korean economy
Sipping tea on her break outside a Samsung Electronics factory in northern Vietnam, worker Nguyen Thi Mai said she had heard about US President Donald Trump's tariffs, but hoped it would not affect business. For Samsung, high-end televisions are their key driver of revenue stateside, Yong Seok-woo, president and head of the visual display business at Samsung Electronics told reporters.
Asian stocks crack higher as Trump delays painful tariffs
Asian stocks rocketed Thursday as investors breathed a huge sigh of relief after Donald Trump announced a pause on crippling tariffs on US partners, with Chinese markets even brushing off his decision to ramp up duties on Beijing to 125 percent. The extra tariffs on Beijing, however, were "based on the lack of respect that China has shown to the world's markets", Trump said.
Companies keen to start deep-sea mining off Norway
Companies are raring to explore the Arctic seabed off Norway, which could become the first country in Europe to allow deep-sea mining -- much to the dismay of environmentalists. Norway stands out in Europe, where countries like France, Germany and Britain are reticent or even categorically opposed to deep-sea mining.
China consumer prices slump for second straight month: data
Consumer prices in China fell in March for the second straight month, official data showed Thursday, as the world's second-largest economy struggles to boost spending and a trade war with the United States deepens. China's fragile recovery is also threatened by a trade war with the United States instigated by President Donald Trump, who further raised tariffs on China to 125 percent on Wednesday.
Trump stuns with tariff backtrack but hikes China rate to 125%
US President Donald Trump abruptly paused tariffs on most countries, sparking euphoria on global markets Thursday, but upped the ante on a brutal trade war with superpower rival China. - China duel - Markets have been on a rollercoaster ride since Trump's announcement of sweeping global tariffs one week ago on what he called "Liberation Day" before his dramatic pause on Wednesday.
Art of the deal? How Trump backed down on tariffs
It ended not with a bang, but with US President Donald Trump and two top aides writing a social media post. Lutnick posted that he and Bessent "sat with the President while he wrote one of the most extraordinary Truth posts of his Presidency."
Amazon to launch first batch of satellites rivaling Musk
The US retail giant Amazon is preparing to launch Wednesday its first full batch of Project Kuiper satellites, marking a crucial milestone in the battle with Elon Musk's Starlink to provide high-speed internet. With this launch, Amazon is going into direct competition with SpaceX's Starlink and other satellite internet providers.
Who stands in the crosshairs of Trump's tariffs?
With sweeping tariffs targeting key US trading partners, President Donald Trump sent the world economy into a tailspin Wednesday before backing down hours later -- with a 90-day reprieve for all but China. Here is a rundown of what tariffs Trump has implemented in his second presidency, as a trade fight between Washington and Beijing again heats up.
Economy
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