Russian President Vladimir Putin speaks with Kremlin spokesman Dmitry Peskov during a summit of leaders of nations, which are members of the Commonwealth of Independent States (CIS), in Moscow, Russia October 8, 2024. Sergei Ilnitsky | Via ReutersAll eyes were on Moscow on Wednesday morning, as the Kremlin broke its silence and delivered its initial reaction to Kyiv and the White House’s unilateral agreement proposing a temporary ceasefire to the ongoing war in Ukraine.Talks between U.S. and Ukrainian officials in Saudi Arabia on Tuesday ended with Ukraine agreeing to an immediate 30-day ceasefire negotiated by the U.S. — but Russia must still accept the measures.As part…
Author: usaeverydaylife
China’s Ministry of Commerce has held talks with Walmart after the U.S. retail giant reportedly requested price cuts from Chinese suppliers to offset tariff costs, a state-backed media outlet said Wednesday.The announcement came after Bloomberg reported last Thursday that Walmart had asked some Chinese suppliers, including makers of kitchenware and clothing, to lower prices by as much as 10% for each round of U.S. tariffs.”If this is true, it is unreasonable for Walmart to require Chinese suppliers to bear all tariffs, which will disrupt fair competition and foreign trade order,” the report said, according to a CNBC translation of the…
The outlook for Apple looks less clear in the months ahead, according to Morgan Stanley. The firm, which has an overweight rating on the megacap technology name, cut its price target to $252 from $275, implying 14.1% upside from Tuesday’s close. This comes as the stock has been struggling this year. Shares are down nearly 12% in 2025, eclipsing the S & P 500’s 5% pullback in that time. AAPL YTD mountain AAPL, year-to-date Analyst Erik Woodring trimmed his iPhone shipments outlook after the company delayed a Siri upgrade that incorporates artificial intelligence features. For 2025, he’s projecting iPhone shipments…
People buying vegetables at a local market in Noida, Uttar Pradesh on August 22, 2023. (Photo by Chandradeep Kumar/ The India Today Group via Getty Images)The India Today Group | The India Today Group | Getty ImagesIndia’s inflation rate in February fell to a lower-than-expected 3.61% in February, the country’s Ministry of Statistics and Programme Implementation said Wednesday.Economists polled by Reuters had expected a reading of 3.98% for the period. This is first time since last summer that inflation has come in below the RBI’s target of 4%.In a note on March 5, Bank of America analysts flagged that vegetable…
You can still find Gerald Stratford in his garden, tending to his extremely large vegetables.Mr. Stratford, all smiles and pudgy cheeks, became a sensation in May 2020 when he shared two pictures of himself on Twitter. In one, he is holding a giant bundle of arugula (rocket, in Britain), and in the other he is sitting on an upside-down bucket with a bowl of potatoes.“My first early rocket very pleased,” he wrote.A minor celebrity arc soon followed, landing Mr. Stratford — who was enduring Britain’s lockdown from his home in the tiny village of Milton-under-Wychwood in Oxfordshire, England — a…
Workers walk in the atrium of the National Stock Exchange of India Ltd. (NSE) building in Mumbai, India, on Tuesday, Dec. 20, 2022. Bloomberg | Bloomberg | Getty ImagesEntrepreneurs or startup founders wanting to get rich — and become billionaires — should list on India’s National Stock Exchange, the bourse’s CEO Ashish Kumar Chauhan said at CNBC’s CONVERGE LIVE event in Singapore on Wednesday.India is in a place where there’s “a lot of brains, a lot of enterprise and very little capital is required,” he said. So many enterprises have emerged in the South Asian powerhouse in just the last year,…
China’s so-called “DeepSeek moment” is likely to be good news in the global race to develop artificial intelligence models that can carry out more complex tasks, according to Jean-Pascal Tricoire, chairman of French power-equipment maker Schneider Electric.”I actually think its good news. We need AI at every level,” Tricoire told CNBC’s Steve Sedgwick at CONVERGE LIVE in Singapore on Wednesday.”We need AI to optimize your whole enterprise at all levels, so that you can buy better, consume better, decide better, source better. To do all of this, we need models to operate on a smaller scale,” he added.Tricoire said the…
Workers of German steel manufacturer Salzgitter AG stand in front of a furnace at a plant in Salzgitter, Germany, March 1, 2018.Fabian Bimmer | ReutersThe European Union has reacted swiftly to U.S. President Donald Trump’s 25% tariffs on steel and aluminum imports that came into effect Wednesday, retaliating with their own punitive counter-measures that it said were needed to protect consumers and businesses.The White House confirmed the duties — which will affect Canada, Australia, the EU and others — late Tuesday, but said that Trump no longer planned to raise tariffs on the metals from Canada to 50%.The EU responded…
A Northvolt building in Sweden, photographed in February 2022.Mikael Sjoberg | Bloomberg | Getty ImagesStruggling electric vehicle battery manufacturer Northvolt on Wednesday said it has filed for bankruptcy in Sweden.The firm said it that it submitted the insolvency filing after an “exhaustive effort to explore all available means to secure a viable financial and operational future for the company.””Like many companies in the battery sector, Northvolt has experienced a series of compounding challenges in recent months that eroded its financial position, including rising capital costs, geopolitical instability, subsequent supply chain disruptions, and shifts in market demand,” Northvolt noted.”Further to this…
The European Union has spent months bracing for painful tariffs from the United States, the bloc’s most important trading partner. On Wednesday, as American steel and aluminum tariffs of 25 percent took effect, European officials began to respond.While the United States buys the most steel and aluminum from countries including Canada, Brazil and Mexico, Germany is a notable steel producer.And because the tariffs will also affect products that contain steel and aluminum, such as cookware and window frames, the European Union said, they may hit some 26 billion euros — $28 billion — of the bloc’s exports in total.Wednesday’s rebuttal…
