U.S. approves possible $2.6B helicopter sale to Norway
Norway could soon receive a major boost to its airborne defence, as Washington signals readiness to expand military cooperation through a new high-val...
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.
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.
A deadly mass shooting early on Monday (7 July) in Philadelphia's Grays Ferry neighbourhood left three men dead and nine others wounded, including teenagers, as more than 100 shots were fired.
Dozens of international and domestic flights were cancelled or delayed after Mount Lewotobi Laki Laki erupted on Monday, but Bali’s main airport remains operational.
The 17th Summit of the Economic Cooperation Organization (ECO) was successfully held in Khankendi, Azerbaijan, highlighting the region’s revival and the deepening economic cooperation among member states.
French member of parliament Olivier Marleix was found dead at his home on Monday, with suicide being considered a possible cause.
European shares dropped on Friday after President Donald Trump intensified tariff threats against the EU, casting doubt on trade talks and dampening investor confidence.
Turkmenistan has gathered 1.407 million tonnes of wheat, matching its 2025 goal after a round-the-clock harvest on 690,000 hectares that officials say was bolstered by new combines and higher state purchase prices.
Azerbaijan Railways CJSC signed a Memorandum of Understanding with the Chinese company 'Xi'an Free Trade Port Construction and Operation' and has opened its representative office and container terminal in the Xi'an International Port.
The UK and Japan have signed a Memorandum of Cooperation (MoC) aimed at enabling increased UK investment into Japan, further strengthening the economic ties between the two nations.
German inflation eased to 2.0% in June, the federal statistics office said on Thursday, confirming preliminary data.
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