Posts by Amelia Frost
Ordinary Chinese Stoic In The Face Of Escalating US Trade War
After China announced retaliatory tariffs against the United States, walkers along Shanghai’s waterfront were stoic Tuesday in face of both the cold and the prospect of an escalating trade war. The tariffs on US energy, vehicles and equipment were unveiled minutes after additional levies on Chinese goods announced Saturday by US President Donald Trump came…
Read MoreAI Regulation Around The World
Countries and economic blocs around the world are at different stages of regulating artificial intelligence, from a relative “Wild West” in the United States to highly complex rules in the European Union. Here are some key points about regulation in major jurisdictions, ahead of the Paris AI summit on February 10-11: Returning President Donald Trump…
Read MoreHow a Sale of TikTok Would Work and Who Might Buy It
There’s a new parlor game on Wall Street: guessing TikTok’s next owner. President Trump signed an executive order in January that delayed enforcement of a law that banned the popular video app. Under the order, the app must now be sold to a non-Chinese owner by early April. Since he signed the order, Mr. Trump…
Read MoreTequila Maker Diageo Axes Sales Target On Trump Tariffs
Diageo, the maker of Guinness stout and Johnnie Walker whisky, scrapped Tuesday a key performance target with President Donald Trump’s tariff plans set to sour its US sales of tequila and Canadian spirits. The British group, whose brands include also Smirnoff vodka, Baileys liqueur and Captain Morgan rum, has in recent times been impacted by…
Read MoreWhere Things Stand In China-US Trade Tensions
China has made good on its threats to retaliate in the escalating trade war with the United States, imposing tariffs on American imports of energy, cars and machinery parts. That came just minutes after a 10 percent tariff hike on Chinese goods, announced by US President Donald Trump on Saturday, came into effect. Here’s the…
Read MoreFed Official Pushes Back on Pre-emptive Policy Moves
Federal Reserve officials wrapped up their final meeting of 2024 with splits surfacing over how many more interest rate cuts they should make given strong economic growth, lingering inflation and huge uncertainty ahead of Donald J. Trump’s return to the White House. Weeks later, they unanimously pressed pause on rate cuts and now appear unified…
Read MoreWhy These Companies in Louisville, Ky., Fear Trump’s Tariffs
The people running CRG Automation are not openly rooting for global economic chaos, but they concede that they are in a perfect position to profit from it. The more that international trade is challenged by uncertainty — like President Trump’s threatened tariffs, or conflicts and crises that impede shipping — the greater the pressure on…
Read MoreJapan PM To Meet Trump On Feb 6-8 US Trip
Japan’s Prime Minister Shigeru Ishiba will meet President Donald Trump on a visit to the United States this week, top government spokesman Yoshimasa Hayashi said on Tuesday. “If circumstances permit, he will visit the United States from February 6-8 and hold (his) first face-to-face Japan-US summit meeting with President Trump in Washington DC,” Hayashi said.…
Read MorePalantir Soars 22% After Beating Q4 Estimates And Raising Sales Outlook, Cites AI Growth
Palantir is a Denver, Colorado-based tech company specializing in data analysts and software platforms. KEY POINTS Palantir reported $828 million in revenue compared to $776 million estimated by analysts During the earnings call, Palantir’s CEO expressed optimism over AI demand in 2025 However, the company warned against using Chinese disruptive AI assistant DeepSeek Leading data…
Read MoreHow an Activist Group Helped Torpedo MDMA Therapy
After more than three decades of planning and a $250 million investment, Lykos Therapeutics’ application for the first psychedelic drug to reach federal regulators was expected to be a shoo-in. Lykos, the corporate arm of a nonprofit dedicated to winning mainstream acceptance of psychedelics, had submitted data to the Food and Drug Administration showing that…
Read MoreNintendo Cuts Net Profit Forecast As Switch Sales Slow
Japanese video game giant Nintendo on Tuesday cut its annual net profit forecast after hardware and software sales for its Switch console fell in the first three quarters. The Switch, which is both a handheld and TV-compatible device, hit shelves in 2017 and became a must-have gadget among all age groups during pandemic lockdowns. Nintendo…
Read MoreFrenchman On Death Row In Indonesia To Return Home
A Frenchman on death row in Indonesia since 2007 for drug offences will be returned to his home country on Tuesday, where he hopes to be granted his freedom. Indonesia, which has some of the world’s toughest drug laws, has in recent weeks released half a dozen high-profile detainees, including a Filipina mother on death…
Read More