Hyundai Steel, in partnership with Hyundai Motor Group, announced a $5.8 billion investment to build a new steel plant in Louisiana, U.S., with an annual capacity of 2.7 million tonnes.
U.S. President Donald Trump announced on Monday that he anticipates a U.S.-Ukraine revenue-sharing agreement on Ukrainian critical minerals will be signed soon.
Australia is set to accelerate A$1 billion in defence expenditure in Tuesday’s federal budget, as part of a broader effort to enhance its military capabilities, Defence Minister Richard Marles announced on Monday.
The British government announced on Saturday a £600 million investment aimed at addressing severe construction skills shortages that threaten its ambitious plan to build 1.5 million new homes by 2029 and drive economic growth.
The Office of Financial Sanctions Implementation (OFSI) has disclosed the full impact of UK sanctions on Russia, reporting that more than £25 billion in Russian assets have been frozen.
The Federal Trade Commission (FTC) has removed all business blog posts dating from President Joe Biden’s term from its online publication, erasing more than 300 entries that once offered companies guidance on complying with consumer-protection regulations.
The Federal Reserve is widely expected to keep interest rates unchanged at Wednesday’s meeting.
In a flurry of negotiations following President Donald Trump’s inauguration, Google has significantly accelerated its acquisition of Israeli cybersecurity firm Wiz, elevating its offer from an initial $23 billion to a whopping $32 billion—one of the largest tech deals in history.
In a significant move amid the global race for artificial intelligence dominance, Nvidia and Elon Musk’s xAI have joined a consortium backed by Microsoft and BlackRock to expand AI infrastructure across the United States.
Drugmaker Pfizer has sold its entire stake in consumer healthcare firm Haleon for approximately 2.5 billion pounds (roughly $3.24 billion), according to sources involved in the transaction.
Morgan Stanley is set to lay off approximately 2,000 employees later this month, representing roughly 2% to 3% of its global workforce—excluding financial advisers—in an effort to improve operational efficiency, according to a person familiar with the matter.
The Russian Finance Ministry has announced that a "large privatization" initiative will be launched this year, involving the sale of more than 100 items of state property.
Uzbekistan has announced the sale of state shares in three major automotive companies as part of its ongoing privatization efforts.
The National Bank of Kazakhstan is launching the Gold Coin project, a digital version of an investment coin, beginning on March 17, 2025.
EU Council has adopted its position on a regulation that will impose tariffs on remaining agricultural products from Russia and Belarus, as well as certain nitrogen-based fertilizers. These tariffs aim to reduce Russian export revenues, limiting Russia's ability to finance its war against Ukraine.
Germany's election-winning conservative CDU/CSU bloc, led by Friedrich Merz, and the Social Democrats (SPD) have reached an agreement in principle with the Greens on a significant increase in state borrowing ahead of next week’s parliamentary vote.
The United States imposed sanctions on Thursday on Iran's Oil Minister Mohsen Paknejad and some Hong Kong-flagged vessels that are part of a shadow fleet that helps disguise Iranian oil shipments, the Treasury Department said.
The Bank of Canada trimmed its key policy rate by 25 basis points on Wednesday, lowering it to 2.75%, as concerns mount over inflationary pressures and weaker economic growth driven by renewed trade uncertainties and tariff threats.
Canada will introduce $29.8 billion in retaliatory tariffs in response to the U.S. decision to impose 25% duties on steel and aluminium imports. The move follows similar action by the EU, escalating trade tensions with Washington.
The European Union will impose counter tariffs on 26 billion euros ($28 billion) worth of U.S. goods from next month, the European Commission said on Wednesday, ramping up a global trade war in response to blanket U.S. tariffs on steel and aluminium.
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