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China announced import tariffs on $21 billion worth of U.S. agricultural and food products, including soybeans, wheat, meat, and cotton. The companies affected by the suspension are CHS Inc., Louis Dreyfus Company Grains Merchandising LLC, and EGT. According to China’s customs department, the suspensions were due to the detection of ergot and seed coating agents in U.S. soybeans and pests in U.S. logs. This action follows U.S. President...
Taiwan Semiconductor Manufacturing Company (TSMC) has unveiled plans to invest $100 billion in the United States over the coming years to expand its semiconductor manufacturing capabilities. The investment will fund the construction of five new facilities, including three chip fabrication plants, two advanced packaging facilities, and a large research and development center. This announcement was made by TSMC CEO C.C. Wei alongside former U.S. President Donald Trump. TSMC,...
European car manufacturers have been granted an additional two years to meet their CO2 emission reduction targets. European Commission President Ursula von der Leyen confirmed the proposal, extending the deadline from one to three years. Companies are still required to reduce their CO2 emissions, and previously announced fines will remain in place if models continue to exceed emission limits from 2027. Von der Leyen stated, “Companies must meet...
Broadcom is currently experiencing a significant surge following the recent announcement of a 28% increase in fiscal Q4 profit. The company’s revenue growth has been accelerating for four consecutive quarters, with a 51% rise to $14 billion. A key driver of this impressive growth is the company’s AI revenue, which has more than tripled from fiscal 2023, reaching $12.2 billion. CEO Hock Tan is highlighting that Broadcom is...
Adidas is placing increased focus on the U.S. market as it seeks to strengthen its position against its key competitor, Nike. With growing uncertainty around consumer demand in China, many global brands are turning their attention to American shoppers for growth opportunities in 2025. Under the leadership of CEO Bjorn Gulden, has made significant strides since severing ties with rapper Ye and discontinuing the Yeezy sneaker line in...
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