Economy

Economy Latest News

What now for Venezuela with Chevron's oil permit in peril?
What now for Venezuela with Chevron's oil permit in peril?
by  AFP

US President Donald Trump's threat to strip oil giant Chevron of a license to operate in Venezuela could plunge the troubled South American nation into deeper economic and social turmoil, experts say. So what are the implications of Trump's decision to revoke Chevron's license to operate in Venezuela?

Trump says US, Britain working on 'great' trade deal
Trump says US, Britain working on 'great' trade deal
by  AFP

US President Donald Trump held out the prospect of a "great" post-Brexit trade deal that could avoid tariffs on Britain Thursday -- as he hailed Prime Minister Keir Starmer as a tough negotiator. "You're a very tough negotiator -- I'm not sure I like that, but that's ok," Trump joked.

Apple accused of greenwashing in US lawsuit
Apple accused of greenwashing in US lawsuit
by  AFP

A group of Apple Watch buyers have filed a lawsuit in Silicon Valley accusing the tech giant of exaggerating how environmentally friendly production of the smart wristwear is.

Trump tariffs: What's been done and what is to come?
Trump tariffs: What's been done and what is to come?
by  AFP

From tariffs to counter "unfair trade" to duties over illegal immigration and fentanyl smuggling, President Donald Trump has unleashed a volley of threats since taking office, sparking fears of widening trade tensions. The justification was to protect US steel and aluminum industries, on grounds that they have been "harmed by unfair trade practices and global excess capacity."

Mexican president hopes to talk with Trump to avoid tariffs
Mexican president hopes to talk with Trump to avoid tariffs
by  AFP

Mexican President Claudia Sheinbaum said Thursday that she hoped to talk to her US counterpart Donald Trump as part of efforts to avoid being hit with his threatened tariffs. A high-level Mexican delegation is in Washington in search of an agreement and "we hope that we can talk to President Trump once these meetings take place," Sheinbaum said at her morning news conference.

The risks of Trump tariffs encapsulated in a car key
The risks of Trump tariffs encapsulated in a car key
by  AFP

They unlock vehicles with just the touch of a button, but the manufacturing of electronic car keys is anything but simple, illustrating the potential complexities and costs of US President Donald Trump's threatened tariffs. Trump's promised tariffs threaten to erode these benefits, particularly if a levy is charged multiple times.

Trump tariffs pose challenge for Europe's carmakers
Trump tariffs pose challenge for Europe's carmakers
by  AFP

US tariffs on imported cars will create a major headache for European manufacturers such as Volvo, Volkswagen and Mercedes. Half of the vehicles sold by European manufacturers in the United States are imported, according to Moody's, amounting to 785,000 cars worth $44 billion dollars in 2024.