GLOBAL ECONOMY

President Joe Biden announced higher tariffs on imports from China that cover products like EVs, solar panels, steel and aluminum, which will carry a price tag of roughly $18 billion.

After the U.S. restricted trade for 37 Chinese firms, some over security concerns, a spokesperson for China's foreign ministry accused the U.S. of abusing export control tools.

The U.S. Commerce Department revoked Intel and Qualcomm export licenses to Chinese firm Huawei after the blacklisted telecommunications firm unveiled a new AI-powered laptop.

A group of New York-based flight attendants has been accused of using employees-only TSA access to smuggle over $8 million in drug money out of the country.

The pharmaceutical giant AstraZeneca on Tuesday said it is withdrawing its COVID-19 vaccine worldwide due to low demand and following reports that the vaccine caused rare side effects.

Swiss Army Knife manufacturer Victorinox is planning new models of tools that will be bladeless to give the company access to markets where carrying a knife is restricted.

The seizure of Republic First marked the first bank failure in the U.S. in 2024 and has reignited concerns of contagion after a string of regional banks collapsed early last year.

The FTC and the Justice Department said Friday that Williams-Sonoma Inc. has agreed to a settlement, which includes a $3.175 million civil penalty.

The Biden administration has decided to delay banning menthol cigarettes, saying it will require more discussion related to the civil rights and criminal justice movements.

India's electric vehicle market remains underdeveloped, with EV's making up around 2% of car sales in the country, which ranks as the third-biggest automobile market.

Eli Lilly noted that tirzepatide reduced sleep apnea severity by up to nearly two-thirds in adults that have both obstructive sleep apnea and obesity.

Biden called on the United States Trade Representative to triple the tariff rate on Chinese steel and aluminum imports and to investigate China’s unfair shipbuilding practices.

Ticketmaster's parent company, Live Nation, could face an anti-trust lawsuit from the Department of Justice as soon as next month, a report says.

Pharmacists warned in a recent report that drug shortages in the U.S. have hit an all-time high. Some of these are critical life-saving medications such as cancer treatments.

Economists debate the pros and cons of former President Trump's proposed 60% tariff on all Chinese imports, which could raise prices on American business and consumers.

JPMorgan Chase CEO Jamie Dimon said in his annual letter to shareholders that artificial intelligence can be as transformational as the printing press, electricity and the internet.

The Biden administration is reportedly considering requiring products made in the West Bank by Israeli settlers to say those goods were made in the West Bank instead of Israel.

Treasury Secretary Yellen met with Chinese Premier Li Qiang on Sunday during her trip to China and raised concerns about China's overproduction of EVs and green tech.

Taiwan was struck by its biggest earthquake in 25 years this week and the country's semiconductor industry may face some disruptions as it restores operations.

American manufacturing businesses will need about 3.8 million new workers between 2024 and 2033 but up to half of those roles may go unfilled, according to a new study.