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Economics

$16.5B Tesla–Samsung Chip Deal Marks Major Boost For U.S. Tech

Tesla and Samsung Electronics have signed a landmark $16.5 billion agreement to produce Tesla’s next-generation AI6 semiconductor chips, cementing one of the largest technology...

Brussels Hits Chinese Financial Institutions in New Russia Sanctions

The European Union has imposed sanctions on two Chinese banks for the first time, escalating pressure on foreign institutions accused of aiding Russia’s ongoing...
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Bitcoin Sets New Record Above $120K as Institutional Demand Grows

Bitcoin has reached a new historic milestone, briefly surpassing $122,500 on Monday, marking the first time the cryptocurrency has...

Nvidia Becomes Most Valuable Company Ever, Surpassing $4 Trillion Mark

Nvidia became the first publicly traded company in history to briefly surpass a $4 trillion market capitalization, overtaking previous...

Microsoft to Lay Off 9,000 Employees in Latest Wave of Workforce Optimization

Microsoft has announced plans to lay off approximately 9,000 employees as part of a new phase of organizational restructuring...

Trump Signs ‘Take‑it‑or‑Leave‑it’ Tariff Letters to 12 Countries

U.S. President Donald Trump announced on July 5 that he has signed tariff notification letters to 12 countries, outlining...

U.S. to Notify Trade Partners of New Tariffs Starting July 4

President Donald Trump announced that the United States will begin sending formal notifications to foreign trade partners on July...

Sanctions Reborn: Cuba Faces Old Pressures Under New U.S. Policy

The United States has tightened the screws on Cuba once again. With a sweeping new set of sanctions, President...