Browsing: Business

South Korea and the US are negotiating a $350B investment pact with a focus on foreign exchange safeguards and visa issues during President Lee’s UN visit.

US exempts European polished diamonds from 15% tariffs under new trade deal, reinforcing Antwerp’s role in the global diamond supply chain.

OpenAI Oracle and SoftBank announced five new US AI data centers under the Stargate plan expanding capacity to seven gigawatts.

Amazon to close all 19 Amazon Fresh stores in the UK, converting five to Whole Foods Market and expanding online grocery operations nationwide.

Morgan Stanley integrates crypto trading into ETrade using Zerohash, enabling direct access to Bitcoin, Ethereum, and Solana for retail investors in 2026.

US treasury yields declined as markets awaited Federal Reserve Chair Jerome Powell’s speech following a recent rate cut and mixed signals from labor data.

Gold prices hit record highs near $3,791 per ounce as markets respond to U.S. rate cuts, dollar weakness, and strong safe-haven investment flows.

OECD lifts 2025 global growth forecast to 3.2 percent but warns U.S. tariffs, slowing demand and trade tensions could weigh on economies in 2026.

Pfizer will acquire biotech Metsera for $4.9B in cash, expanding its obesity treatment portfolio with milestone payments possibly raising the deal to $7.3B.

Nvidia will invest up to 100 billion dollars in OpenAI to deliver 10GW of AI infrastructure in phased global deployments starting from 2026.