Autos stocks up 2.5% on signs of a U.S. tariff reprieveEurope’s Stoxx 600 autos and parts index jumped 2.5% on Tuesday morning, leading broader regional gains after U.S. President Donald Trump touted the prospect of temporary exemptions for the auto industry.Speaking in the Oval Office on Monday, Trump said he is looking to help some original equipment manufacturers (OEMs), adding that they may “need a little bit of time” to move their production to the U.S.The Trump administration implemented a 25% charge on all foreign cars imported into the country earlier in the month. The White House said it also…
Author: usaeverydaylife
U.S. President Donald Trump inspected an honour guard during a welcome ceremony at Buckingham Palace in central London on June 3, 2019, on the first day of their three-day State Visit to the U.K. Mandel Ngan | Afp | Getty ImagesThe U.K. has a “good chance” of securing a trade deal with America, U.S. Vice President JD Vance said, as global market sentiment rises on hopes there will be further respite from U.S. President Donald Trump’s tariffs policies.”We’re certainly working very hard with [UK Prime Minister] Keir Starmer’s government” on a trade deal, Vance said in an interview with the UnHerd…
The statue of Albert Gallatin stands outside the U.S. Department of the Treasury building in Washington, D.C.Andrew Harrer | Bloomberg | Getty ImagesThe U.S. Treasury market over the past week saw investors fleeing the safe haven, in an unusual move that added to the market turmoil caused by U.S. President Donald Trump’s “reciprocal” tariffs — forcing him to suspend the duties.In just a few sessions, yield on the 10-year Treasury soared to 4.592% on Friday, the highest since February. Similarly, the 30-year Treasury bond yield notched its highest since November 2023 last Wednesday. While yields have ticked lower since then,…
Singapore, city skyline and The Merlion, duskWalter Bibikow | Stone | Getty ImagesSingapore President Tharman Shanmugaratnam on Tuesday dissolved the city-state’s parliament, paving the way for a general election, on the advice of Prime Minister Lawrence Wong. A release by the prime minister’s office stated that Nomination Day will be on April 23. A polling date will be announced by the returning officer later.Prospective candidates will file their election papers on Nomination Day, after which there will be nine days of campaigning and one “cooling-off day” before polling day.This will be Singapore’s 14th general election since independence, and will be…
Louis Vuitton store window display in Mitsukoshi department store in Tokyo, Japan, on Friday, April 4, 2025.Bloomberg | Getty ImagesShares of LVMH plunged 8% on Tuesday morning after the world’s largest luxury group posted an unexpected decline in first-quarter sales.The company reported a 3% year-on-year fall in first-quarter sales in a trading update published shortly after the market close on Monday, missing consensus analyst expectations for slight growth.Wines and spirits saw the sharpest revenue decline, down 9%, as it flagged weaker demand in the U.S. and China for cognac — the popular brandy variety that has been caught up in geopolitical tensions.The key…
The latest warning came 10 days before the deadliest air crash in South Korea.A dozen officials gathered inside a room at Muan International Airport for a meeting of a bird strike prevention committee, where they discussed the number of aircraft being hit by birds, with data showing a jump in incidents over the past couple of years.One official, from one of the country’s aviation training institutes, expressed concern that planes coming in to land often encountered flocks of birds by the coastline, according to a record of the meeting obtained by a lawmaker. To what extent is it possible to…
A handout photo published on April 14, 2025, on the X account of Blue Origin, shows (clockwise from L) U.S. entrepreneur Lauren Sanchez, former NASA scientist Amanda Nguyen, singer Katy Perry, TV presenter Gayle King, former NASA scientist Aisha Bowe and film producer Kerianne Flynn posing in their space suits ahead of the all-woman sub-orbital mission aboard the New Shepard rocket.Blue Origin | APJeff Bezos’ Blue Origin launched his fiancee Lauren Sanchez into space Monday with an all-female celebrity crew that included Katy Perry and Gayle King.It was the latest wave in space tourism, where more of the rich and…
An Adobe sign hangs along Main Street during the 2025 Sundance Film Festival on Jan. 27, 2025 in Park City, Utah. David Becker | Getty ImagesLONDON — Adobe has invested in Synthesia, a British artificial intelligence startup, in a bet that the technology will transform video production.Synthesia told CNBC that Adobe’s venture capital arm injected an undisclosed amount of funds into the startup as part of a “strategic” partnership, without elaborating further on financial and commercial terms.The startup, which says it serves more than 70% of the Fortune 100, sells a platform that businesses can use to develop videos with life-like…
DBS Bank tops LinkedIn’s 2025 Top Companies in Singapore list.Lim Weixiang – Zeitgeist Photos | E+ | Getty ImagesThe technology, banking and consulting industries dominated LinkedIn’s 2025 Top Companies in Singapore list published this month, which ranks the best workplaces for career growth in the city-state.The networking giant tracked and assessed companies based on eight key pillars: ability to advance, skills growth, company stability, external opportunity, company affinity, gender diversity, educational background and employee presence in the country, according to the report.Notably, DBS Bank led for the third year in a row. Biotech, healthcare and life science companies also appeared…
William_potter | Istock | Getty ImagesThe U.S. Commerce Department is conducting a national security investigation into imports of semiconductor technology and related downstream products, according to a Federal Register notice put online Monday. The official document — which calls for public comments on the investigation — further confirms that chips and the electronics supply chain will not be excluded from U.S. President Donald Trump’s tariff plans despite his statement on Friday that many of those products were exempt from his “reciprocal tariffs.”As part of the probe, the Commerce Department will investigate the “feasibility of increasing domestic semiconductors capacity” in order to…
