IBM warns AI spending shift is hitting core business
IBM has warned that a surge in spending on artificial intelligence infrastructure is weighing on its core business, in one of the clearest signs yet o...
U.S. Trade Representative Jamieson Greer has announced the launch of an investigation into Brazil’s trade practices, following President Donald Trump’s warning of a 50% tariff on imports from the country.
The probe will assess whether Brazil’s approach to digital trade, preferential tariffs, and other trade-related policies are discriminatory and harmful to U.S. commerce. Greer said the decision came after extensive consultations and cited harm to American workers, farmers, and tech firms as a result of Brazil’s alleged practices.
"At President Trump’s direction, I am launching a Section 301 investigation into Brazil’s attacks," he added in a statement.
The move is part of President Donald Trump’s wider second-term trade strategy, which imposes tariffs on key partners to realign global trade in favour of the U.S.
Trump's 50% tariff on Brazil, effective from 1 August, is a steep hike from the proposed 10% and tied to calls to stop former President Jair Bolsonaro’s coup-related trial.
Trade experts expressed surprise at the high tariff, especially given that Brazil imports more from the U.S. than it exports.
Meanwhile, Brazil has not responded to the investigation. Vice President Geraldo Alckmin noted that Washington has yet to reply to proposals made in earlier trade talks.
The United States carried out a third consecutive night of airstrikes against Iran, targeting military capabilities around the Strait of Hormuz as Donald Trump announced the reinstatement of a blockade on Iranian shipping and proposed a 20% fee on cargo passing through the strategic waterway.
President Ilham Aliyev is holding his annual question-and-answer session with international journalists at the 4th Shusha Global Media Forum in Azerbaijan.
The United States and Iran have significantly escalated their conflict, exchanging heavy missile and drone strikes across the Gulf region. Iran claims it has once again closed the Strait of Hormuz, a vital global shipping route.
Start your day informed with AnewZ Morning Brief. Here are the top news stories for the 13th of July, covering the latest developments you need to know.
An overnight fire at a popular bar in Bangkok has killed at least 30 people and injured 70 others, making it one of the deadliest pub disasters in the Thai capital in recent years. Authorities say the venue quickly filled with thick smoke, trapping patrons inside.
The United States carried out a third consecutive night of airstrikes against Iran, targeting military capabilities around the Strait of Hormuz as Donald Trump announced the reinstatement of a blockade on Iranian shipping and proposed a 20% fee on cargo passing through the strategic waterway.
The United States has announced a campaign to weaken the International Criminal Court (ICC), describing the tribunal as a threat to American sovereignty and signalling that further sanctions, visa restrictions and diplomatic pressure on allies could follow.
The United Kingdom, the European Union, Spain and Gibraltar have formally signed a treaty establishing new arrangements for movement and border procedures between Gibraltar and Spain.
Around 500 soldiers from countries supporting Ukraine marched down Paris's Champs-Élysées during France's annual Bastille Day parade. France said the procession, which also included 25 Ukrainian soldiers, demonstrated that Europe was ready to respond to growing international threats.
Iran’s Islamic Revolutionary Guard Corps (IRGC) said on Tuesday that its Navy had struck U.S. military barracks, a satellite communications centre and a Patriot missile battery in Bahrain, while its Aerospace Force targeted an airbase in Jordan.
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