A key congressional committee in the US House of Representatives approved President Donald Trump’s sweeping tax bill on Sunday. The bill is set to be voted on in the House this week, despite resistance from some Republicans.
US President Donald Trump said he is willing to travel to China to discuss foreign policy and economic issues.
US President Donald Trump announced that he will meet with Russian President Vladimir Putin and Ukrainian President Volodymyr Zelenskyy on Monday
Global stock markets were on a positive track last week, with the interim tariff agreement between the US and China and statements by US Federal Reserve Chairman Jerome Powell at the forefront, while all eyes turned to important macroeconomic data to be released worldwide next week.
While domestic economic data dominated markets last week, Trump’s agreement with China on tariffs was the focus of attention abroad.
Nvidia (NASDAQ:NVDA) will launch a new artificial intelligence chip that complies with US export controls to China in the coming months. The company will also launch a modified version of its flagship Blackwell series in the country, Nikkei Asia reported over the weekend.
NVIDIA Corporation (NASDAQ:NVDA) CEO Jensen Huang introduced a number of new AI technologies for both enterprise and consumer applications during his keynote speech at the Computex trade show on Monday.
Most Asian currencies were flat on Monday as the dollar fell after Moody’s downgraded the U.S. government’s credit rating. Resilient factory data from China failed to buoy the yuan.
The April 22 attack in Kashmir has once again brought India and Pakistan to the brink of war. The two nuclear-armed neighbors agreed to a ceasefire brokered by the United States after brief but violent clashes. But the temporary lull has further complicated the balance of power in the region.
Treasury and Finance Minister Mehmet Şimşek stated that they assessed that the impact of recent global and domestic developments was temporary thanks to the determined policies prioritizing disinflation, and said, “Moderate commodity prices, decreasing global uncertainties and domestic financial conditions support our fight against inflation.” Speaking about investments in the field of energy, President Recep Tayyip Erdoğan announced that $30 billion worth of new natural gas was found in the Göktepe-3 well in the Black Sea. Erdoğan announced that this natural gas could be used in homes for 3.5 years
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