Floodwaters batter Indian towns
Torrential monsoon rains continue to wreak havoc across northern and eastern India, with widespread flooding reported in Uttar Pradesh and West Bengal...
Samsung says its TV business will be less affected by new U.S. tariffs, as most North American units are made in Mexico—shielded from recent trade levies. The company plans to adapt global output to navigate ongoing tariff shifts.
Samsung Electronics has announced that its television business is likely to be less impacted by newly imposed U.S. tariffs, thanks to its strategic production in Mexico. According to Yong Seok-woo, President of Samsung’s Visual Display Business, the majority of Samsung TVs sold in North America are manufactured in Mexico, which has largely avoided the latest 10% global baseline tariff and additional reciprocal duties introduced by the U.S. administration.
While competitors such as TCL and Hisense face steep levies due to Chinese-based manufacturing, now totalling up to 54%, Samsung’s diversified production network of around 10 global facilities provides a significant buffer against shifting trade policies. The South Korean tech giant plans to adjust output distribution based on future tariff developments.
Despite this relative insulation in its TV division, Samsung remains cautious about the broader impact of tariffs on other core segments such as memory chips and smartphones, which could see demand contraction. On Monday, Samsung shares fell by 4.3% amidst market jitters driven by tariff concerns.
With growing pressure from Chinese rivals and a volatile trade landscape, Samsung's global production agility could be key in maintaining its leadership in the electronics market.
The world’s biggest dance music festival faces an unexpected setback as a fire destroys its main stage, prompting a last-minute response from organisers determined to keep the party alive in Boom, Belgium.
According to the German Research Centre for Geosciences (GFZ), a magnitude 5.7 earthquake struck the Oaxaca region of Mexico on Saturday.
Australian researchers have created a groundbreaking “biological AI” platform that could revolutionise drug discovery by rapidly evolving molecules within mammalian cells.
China and the Association of Southeast Asian Nations will send an upgraded ‘version 3.0’ free-trade agreement to their heads of government for approval in October, Chinese Foreign Minister Wang Yi said on Saturday after regional talks in Kuala Lumpur.
A series of earthquakes have struck Guatemala on Tuesday afternoon, leading authorities to advise residents to evacuate from buildings as a precaution against possible aftershocks.
Tesla has granted Elon Musk a $29 billion share award as part of a new compensation plan to retain him as CEO while the company shifts focus from electric cars to robotaxis and AI. The move revives elements of a controversial 2018 package previously struck down by a Delaware court.
OPEC+ will increase oil production by 547,000 barrels per day in September after eight members of the organisation held a brief virtual meeting on Sunday. They said the company will continue to accelerate its output hikes to regain market share.
McDonald's plans to significantly expand its investments in artificial intelligence by 2027, with India expected to play a central role in data governance, engineering, and platform development, a senior executive said on Friday.
U.S. President Donald Trump has sharply criticised Federal Reserve Chair Jerome Powell following the central bank’s decision to keep interest rates unchanged.
Microsoft’s market capitalization surpassed $4 trillion in after-hours trading on Wednesday following a stronger-than-expected earnings report for its fiscal fourth quarter, driven by robust growth in its cloud business.
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