The US and China have extended the truce in their trade war after two days of talks in London that resulted in a “framework” deal over export restrictions on rare earths and semiconductors. Negotiations to resolve the wider tariff war triggered by Donald Trump in April will continue but the truce settles, for now, growing tension between the two […]
On Sunday, a key congressional committee in the United States approved President Donald Trump’s new tax cut bill, which could pass in the House of Representatives later this week. The bill extends Trump’s 2017 tax cuts and may add up to $5 trillion to the national debt, deepening worries after a recent US credit ratings […]
Mahindra Group chairman Anand Mahindra recently took to social media to acknowledge India’s achievement of becoming world’s 4th largest economy in the world. Recently, India surpassed Japan to become the world’s fourth-largest economy, a significant milestone that has drawn widespread celebration and reflection from business leaders across the nation. Mahindra posted on X (formerly known as Twitter) […]
The action is part of Guinea’s sweeping sector-wide reform aimed at curbing regulatory violations, boosting revenue collection, and ensuring that mining activities contribute more directly to national development goals. The government sources say the number of affected permits could be as high as 53, in what analysts interpret as a signal to larger operators that […]
The United States and China have announced that they have reached a deal to reduce reciprocal tariffs temporarily, as the world’s two largest economies work to resolve a trade war that has unsettled the global economic outlook and rattled financial markets. Speaking after discussions with Chinese officials in Geneva, US Treasury Secretary Scott Bessent told […]
Analysts at JPMorgan estimated that the price of gold could reach $6,000 per ounce by 2029, up from about $3,300 now, if just 0.5% of U.S. assets held by foreign investors is reallocated to the precious metal. Gold has been on a tear in recent years and picked up even more momentum after President Donald Trump […]
The high-level meeting on economic and trade affairs between China and the U.S. in Geneva was candid, in-depth and constructive, Chinese Vice Premier He Lifeng said on Sunday. Substantive progress has been made and important consensus has been reached between the two sides, said He, also the Chinese lead person for China-U.S. economic and trade […]
President Trump’s latest big move in the Middle East doesn’t involve proposing a peace treaty, nor a trade deal, but instead a high-rise. The Trump Organization and developer DarGlobal have revealed plans for a supertall skyscraper in Dubai that the firms say will boast the world’s highest outdoor swimming pool. The Trump International Hotel & […]
California’s economy has surpassed Japan’s, making the Golden state the fourth largest economy in the world, Governor Gavin Newsom announced on Thursday. The state’s nominal GDP reached $4.1tn, according to data from the International Monetary Fund and the US Bureau of Economic Analysis, edging out Japan’s $4.02tn nominal GDP. California now ranks behind the US at $29.18tn, China at $18.74tn […]
The profitability of companies is typically judged by their net income, which represents total earnings after all expenses, taxes, and costs are subtracted from total revenue. There are a few criteria which are considered when comparing the profitability of companies. These criteria include revenue, profit margin and Return on Assets (RoA) among others. Professional analysts […]