Houthis launch missiles into Israel as death toll climbs after a month of war - Saturday 28 March
The involvement of Yemen’s Houthis has heightened regional tensions as the Iran-aligned group joins the conflict. The U.S. says it is hopeful...
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 foreign ministers of the G7 group of nations on Friday called for an immediate stop to attacks against civilians and civilian infrastructure in the Iran war.
The involvement of Yemen’s Houthis has heightened regional tensions as the Iran-aligned group joins the conflict. The U.S. says it is hopeful of holding talks with Iran in the coming days, while Tehran has said that "talking and bombing is intolerable". Welcome to our live coverage of the conflict.
France has rejected claims that South Africa was dropped from the guest list for this year’s G7 summit under pressure from United States, insisting the decision to invite Kenya was its own.
Two months after Indian negotiators worked in January to secure relief from punitive U.S. tariffs on the country’s exports and New Delhi moved to cut back its purchases of Russian crude oil, India and Russia are stepping up their energy ties once again, according to Reuters.
The United Arab Emirates has told the U.S. and other Western allies that it is willing to participate in a multinational maritime taskforce aimed at reopening the Strait of Hormuz, the Financial Times reported on Friday, citing people familiar with the matter.
Petrol price spikes triggered by the war in Iran are boosting used electric vehicle sales across Europe, online car platforms told Reuters, in an early sign that pain at the pump is pushing consumers away from combustion engines.
Meta Platforms is increasing compensation for top executives, including its first-ever offer of stock options, as it tries to fend off competition in the artificial intelligence (AI) race and incentivize leaders to stay with the company for several years.
The French government’s bid to suspend the marketplace of Chinese online retailer Shein in the country has been overruled by a Paris Court of Appeal.
The prevailing security situation in the region has done little to deter entrepreneurs from the Commonwealth of Independent States (CIS) who continue to view Dubai as a premier and safe location for business.
China has raised the retail prices of petrol and diesel after global oil prices climbed sharply. The country’s top economic planning body, the National Development and Reform Commission (NDRC), announced the move after reviewing international oil market trends.
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