Asian markets edged higher on Tuesday, lifted by gains in auto stocks after US President Donald Trump suggested he might ease tariffs on vehicles.
Wall Street’s main indexes surged on Monday, driven by gains in technology stocks, after the White House announced exemptions for smartphones and computers from new tariffs on Chinese imports. However, additional levies on semiconductors are still expected later this week.
The Russian government has approved the country’s energy strategy through 2050. Oil production is expected to rise to 540 million tons, while gas production is projected to reach 1.107 trillion cubic meters by that year.
Stock markets in Asia saw a boost on Monday, driven by optimism over tariff exemptions granted to electronics. This relief sparked gains in tech stocks, while investors in South Korea and Taiwan turned their focus to trade issues and semiconductor developments.
To facilitate Ukraine's access to global markets by ensuring smoother transit through EU countries, the EU and Ukraine have extended their Road Transport Agreement until December 31, 2025.
Pavel Prass, co-owner of Yandex, is set to increase his stake in rival VK, signaling consolidation in Russia’s tech sector. The move follows a $5.4 billion deal for Yandex's assets and VK's plan to raise up to 115 billion roubles to tackle mounting debt.
Google has laid off hundreds from its Android, Pixel, and Chrome teams as part of a major restructure, shifting focus towards AI and operational efficiency. The move reflects a broader Big Tech trend of prioritizing innovation over hardware.
The Turkish Petroleum Corporation and the Somali Petroleum Authority signed an onshore hydrocarbon exploration and production agreement in Ankara, Türkiye.
A new business partnership between the European Union and Ukraine has been launched in Brussels where the EU-Ukraine Business Summit took place from April 10 to 11.
EU President Ursula von der Leyen and His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the United Arab Emirates agreed to launch negotiations on a free trade agreement. Commissioner Maroš Šefčovič will soon visit the UAE to take the talks forward.
Italian fashion house Prada has agreed to acquire Versace from Capri Holdings in a $1.375 billion deal, aiming to boost its presence in the global luxury market and revive the iconic but struggling brand.
Apple has airlifted 1.5 million iPhones from India to the U.S. to avoid Trump’s steep China tariffs, using chartered flights and fast-tracked customs clearance in Chennai as it boosts Indian production and shifts its global supply chain.
Kazakh President Kassym-Jomart Tokayev held a meeting to address the worsening global market situation amid the collapse of energy and commodity prices on global markets due to tariff conflicts, the presidential press service said.
Tesla shares soared nearly 23% after President Trump announced a 90-day pause on tariffs for over 75 nation, excluding China, boosting investor confidence and lifting the EV giant’s market value to $852.9 billion amid a volatile trading year.
The United States said on Tuesday that 104% duties on imports from China will take effect shortly after midnight, even as the Trump administration launched talks with allies also targeted by the tariff regime.
The European Commission's 2024 agri-food report shows that both exports and imports in the sector reached a record level. Despite on-going global challenges, the EU agrifood trade balance is largely positive at €63.6 billion.
Gold prices rose on Tuesday, driven by escalating trade tensions between the U.S. and its major trading partners, along with a softer U.S. dollar. Spot gold gained 1% to $3,013.34, recovering from recent lows, while U.S. futures climbed 1.9%, reaching $3,028.40.
In response to US President Donald Trump’s imposition of tariffs on steel and aluminium, the European Commission has proposed counter-tariffs of 25% on a variety of US goods, a document seen by Reuters revealed on Monday.
Canada has requested WTO dispute consultations with the United States regarding President Donald Trump's decision to impose a 25% tariff on cars and car parts from Canada, the World Trade Organization announced on Monday.
Global stock markets experienced a dramatic sell-off on Monday as investors reacted to the latest surge in US tariffs, raising fears of a potential global economic slowdown. European and Asian shares plummeted sharply, while US futures signaled the risk of a bear market, and oil prices also slid.
