A Resilient Second Quarter for the UK Economy Britain’s economy performed better than expected in the second quarter of 2025, weathering the impact of new US tariffs and a higher UK business tax. Official data from the Office for National Statistics (ONS) showed that gross domestic product (GDP) grew by 0.3% in the April-June period.…
A 39% Tariff Slams the Swiss Watch Industry The U.S. government has officially implemented a significant 39% tariff on imports from Switzerland, a move that is set to send shockwaves through the global watch industry. This decision came into effect at midnight on Thursday in the U.S. after a diplomatic trip by Swiss officials to…
Tesla and Samsung Strike Major Semiconductor Deal Tesla has signed a $16.5 billion chip supply agreement with Samsung Electronics, a move that could revitalize Samsung’s foundry division while equipping Tesla’s future AI6 chips. Elon Musk confirmed the news on X, stating that Samsung’s Taylor, Texas chip fabrication plant will produce the chips, with Tesla assisting…
Trump Locks Historic Trade Deal With EU Just days before meeting with UK Prime Minister Keir Starmer, former President Donald Trump announced a sweeping new trade agreement with the European Union that will reshape transatlantic commerce. The deal, finalized in Scotland, includes a 15% tariff rate on most European imports and secures over $1.35 trillion…
Trump and Starmer Hold Talks at Turnberry Amid Tight Security US President Donald Trump is hosting UK Prime Minister Keir Starmer in Scotland today for high-level talks at his Turnberry golf resort, with trade policy and international crises topping the agenda. The meeting comes just 24 hours after Trump unveiled a major tariff deal with…
Bitcoin’s Pullback Amidst Rising US Inflation Concerns The cryptocurrency market is once again reacting to macroeconomic shifts, as Bitcoin experienced a notable tumble following a report indicating a rise in US inflation. After soaring to a record high of $123,000 on Monday, Bitcoin fell below $117,000 on Tuesday, responding to the U.S. The Bureau of…
Bitcoin Price Update: Still Holding Above $117K Bitcoin is maintaining its position around $117,000, holding steady after its recent all-time high. Despite minor pullbacks, the price remains resilient, thanks to strong support levels and continued bullish sentiment. Analysts note that consolidation at these highs often precedes a potential breakout. The current trading environment shows fewer…
Trump’s 30% Tariffs on EU and Mexico Shock Investors President Donald Trump has reignited trade war fears by proposing a sweeping 30% tariff on imports from the European Union and Mexico, scheduled to take effect on August 1. The announcement came despite widespread investor optimism that Trump would walk back earlier threats. Instead, the president…
Trump Tariffs Send Ripples Through Bitcoin and Crypto Markets The cryptocurrency market, known for its inherent volatility, once again found itself navigating turbulent waters following a significant geopolitical announcement. President Donald Trump’s decision to impose new, substantial tariffs on imports from Mexico and the European Union sent ripples across global financial markets, with the digital…
Bitcoin Rally: Short-Sellers Face Massive Losses Bitcoin’s recent powerful rally to unprecedented price levels delivered a crushing blow to short-selling traders, resulting in over $1 billion worth of short positions being forcibly closed within a single 24-hour period. Data from CoinGlass vividly illustrates this significant market event, showing that approximately 232,149 traders across the cryptocurrency…
