The Trump administration is considering tariff cuts of up to 60% in negotiations with China in Geneva. This is intended to reduce tensions and ease economic difficulties for both sides.
Canada invests $15. 1 billion in the construction of nuclear power plants with small modular reactors, becoming the first G7 country with this technology. Ontario Power Generation has received permission for the first phase of the project.
Apple is actively developing new chips for smart glasses, Macs, and AI servers, planning to release them by 2027. The company is also working on chips for Apple Watch and AirPods.
Boeing plans to deliver the new Air Force One aircraft by 2027, although there are delays due to labor shortages and supplier issues. The project is five years behind schedule.
Robert Fico stated that a complete abandonment of Russian energy carriers would harm the competitiveness of both the EU and Slovakia. He rejected this idea at the negotiations.
Xi Jinping and Putin will discuss a gas pipeline project that has been stalled for years due to disagreements. China may break the deadlock by allowing a higher selling price.
Oil prices rose in Asian trading, recovering from a fall to their lowest level since 2021. The reason for the fall was concerns about the consequences of the trade war between the US and China.
Futures fell by 2. 1% due to concerns about a global surplus. Strong renewable energy production in Europe is also putting pressure on demand for fossil fuels.
Marcel Ciolacu is likely to resign after the second round of elections. This comes after nationalist Simion won more than 40% of the vote in the first round.
The Spanish government is advancing a plan to reduce the working week from 40 to 37. 5 hours. On May 6, the Cabinet of Ministers will discuss the project before sending it to Parliament.
In Spain, the high-voltage power grid experienced more disruptions than previously thought. In the 19 seconds leading up to the blackout, there was a third loss of production, affecting 50 million people.
Israel plans to expand its offensive in Gaza in the coming days and is mobilizing tens of thousands of reservists. They will be deployed on the borders with Lebanon and the West Bank.
Investor Warren Buffett announced the end of his career at Berkshire's annual meeting. He will be replaced by Greg Abel, vice chairman of the holding, and Buffett plans to donate almost all of his shares.
The US Army is developing a plan for a military parade to celebrate the 250th anniversary of the army, which coincides with Trump's birthday. Thousands of soldiers and equipment will participate.
Global food prices rose to their highest level since March 2023 due to uncertainty about duties. Rising prices for grains, meat and dairy products also affected the index.
The Trump administration has struck a deal with Ukraine giving the US privileged access to its natural resources, including aluminum, oil and gas. The agreement provides for an investment fund to finance military aid.
Due to the surplus of solar energy, on May 1, electricity prices in Germany will fall below zero. Green energy is expected to meet 99% of the needs.
Due to legislative restrictions related to neutrality, Swiss defense companies are massively moving production outside the country. Switzerland risks losing lucrative contracts.
Ukraine is ready to sign a natural resources agreement with the United States. The project envisages the creation of a joint fund to manage Ukrainian investment projects.
The Trump Organization's billion-dollar luxury real estate project will accept cryptocurrency payments.
Oil prices continue to decline, heading for their biggest monthly drop in more than three years. The reasons are the trade war and fears about increasing supply.
Alphabet Inc. has led a frenzy in the European bond market, planning to raise $2.8 billion. Recently, the company's profit has increased by 12%, and investments in AI are yielding results.
The US President will postpone tariffs on imported auto parts and steel/aluminum. This is done to avoid double taxation and stimulate production in the US.
Gold prices fell 0. 8% to $3314.65 an ounce on Tuesday, amid easing trade tensions. Investors are awaiting data from the US to assess Federal Reserve policy.
Viktor Orban is accused of funding pro-government media with EU funds, which could lead to a new conflict with the European Union. He allegedly violated competition rules by providing subsidies to government-affiliated media.
The Chinese government has approved 10 new nuclear reactors, with investments of $27 billion. The country aims to become the largest producer of nuclear energy in the world.
The US may offer Russia a partnership in the Arctic, oil and gas industry, and mining of rare earth minerals after a peace agreement is reached regarding the war in Ukraine, which will include the lifting of sanctions.
Russian oil companies are actively drilling wells, exceeding pre-war levels, preparing for a possible easing of OPEC+ restrictions and sanctions. This indicates the industry's adaptation to Western restrictions.
Russia is actively recruiting foreign women to work in factories producing Shahed drones, which are used to attack Ukraine. They are offered jobs with salaries up to $860 per month.
Donald Trump signed an executive order on mining on the shelf and the ocean floor. This should reduce US dependence on imports of rare earth elements and create new jobs.