South Sudan’s Vice President Riek Machar has been arrested, according to his party, amid escalating tensions in the world’s youngest country that the United Nations warned could blow up a fragile peace deal and has pushed the country back to the brink of civil war.Mr. Machar was detained late on Wednesday by the National Security Service, his acting press secretary, Puok Both Baluang, said. The Sudan People’s Liberation Movement In Opposition, Mr. Machar’s political party, said the country’s defense minister and the chief of national security “forcefully entered” Mr. Machar’s residence alongside an armed convoy, disarmed his bodyguards and “delivered…
Author: usaeverydaylife
AMD could be in trouble, according to Jefferies. The firm downgraded the chipmaker to hold from buy. Its new price target of $120, down from $135, implies shares adding just 8.9% from Wednesday’s close. Analyst Blayne Curtis cited intensifying competition from Intel as well as results from a Jefferies benchmarking study that indicate AMD’s graphics processing units significantly underperformed Nvidia’s throughout various open-source models. Intel’s incoming CEO will likely make the company more flexible on strategy that will result in the company producing “fairly competitive chips” starting next year, according to Curtis making the company more competitive versus AMD. AMD…
U.S. President Donald Trump shows a signed document in the Oval Office at the White House in Washington, D.C., U.S., March 26, 2025. Evelyn Hockstein | Reuters Another day, another tariff development from the Trump administration. In his latest move in the global trade war, U.S. President Donald Trump has announced a 25% tariff on “all cars not made in the U.S.,” rattling auto stocks. This would be in addition to any existing duties. The announcement comes ahead of Trump’s “liberation day” on April 2, which was originally envisioned as the day the U.S. would slap reciprocal tariffs, while also imposing duties in response…
A Volkswagen (VW) Passat R car (L) and a Golf GTI car are pictured in the tower storage facility of German carmaker Volkswagen at the company’s headquarters in Wolfsburg, central Germany, on March 11, 2025.Ronny Hartmann | Afp | Getty ImagesGermany’s economy minister and auto industry lambasted U.S. President Donald Trump’s plans to impose sweeping 25% tariffs on U.S. car imports, saying the move sends a “fatal signal” to free and rules-based trade.Trump on Wednesday said he would implement tariffs on all vehicles and foreign-made auto parts imported into the U.S., as part of measures set to come into force…
President Trump’s unexpected plan to impose a 25 percent tariff on cars and car parts being imported into the United States will not only disrupt supply chains. It will also fuel anger, alienation — and pressure to retaliate — among American allies across the globe.Many of the countries most affected by the new levies, such as South Korea, Japan, Germany, Mexico and Canada, are already reeling from the Trump team’s wanton disregard for free trade deals already signed, and erratic threats to long-established security relationships.Prime Minister Mark Carney of Canada said on Wednesday that Trump’s move was “a direct attack.”…
U.S. President Donald Trump speaks to the media in the Oval Office at the White House in Washington, D.C., U.S., March 26, 2025.Evelyn Hockstein | ReutersU.S. President Donald Trump threatened to impose “far larger” tariffs on the European Union (EU) and Canada if they work together to combat trade tariffs.”If the European Union works with Canada in order to do economic harm to the USA, large scale Tariffs, far larger than currently planned, will be placed on them both in order to protect the best friend that each of those two countries has ever had!,” Trump said in a Truth…
H&M on Thursday posted weaker than expected first-quarter sales in a slow start to the year for the world’s second-largest clothing retailer. Source link
Trump threatens ‘far larger’ tariffs if EU and Canada unite to do ‘economic harm’ to the U.S.U.S. President Donald Trump threatened to impose “far larger” tariffs on the European Union (EU) and Canada if they work together to combat trade tariffs.”If the European Union works with Canada in order to do economic harm to the USA, large scale Tariffs, far larger than currently planned, will be placed on them both in order to protect the best friend that each of those two countries has ever had!,” Trump said in a Truth Social update on Thursday.On Wednesday, the White House leader had announced…
In recent weeks, Elon Musk has finally seemed to make some inroads in India, a potentially huge market whose government has frustrated him with its trade barriers. Tesla appears to be preparing another attempt to sell cars in the country, and Starlink, his satellite internet provider, signed partnerships with two Indian companies.At the same time, though, Mr. Musk is picking a fight with the Indian government through another piece of his empire: his social media company, X.This month, X, formerly known as Twitter, filed a lawsuit in an Indian court accusing the government of misusing a law to block content…
Shoppers line up to shop at a Laopu Gold outlet in Deji Plaza in Nanjing, China, on Feb. 21, 2025.Fang Dongxu | Feature China | Future Publishing | Getty ImagesBEIJING — Chinese companies’ latest earnings reports point to an improvement in consumer spending, though it’s not necessarily back to pre-pandemic levels.E-commerce giants Alibaba and JD.com both said in the last several weeks that their China retail business saw faster year-on-year revenue growth in the last three months of 2024 than in 2023.”We think consumption growth is in a period of healthy recovery, but not [yet reaching] the high previously,” Charlie…
