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Trump Delays 50% EU Tariff Until July 9 After Call With Von der Leyen

After speaking with Ursula von der Leyen, president of the European Commission, U.S. President Donald Trump has delayed the implementation of a 50% du

After speaking with Ursula von der Leyen, president of the European Commission, U.S. President Donald Trump has delayed the implementation of a 50% duty on goods from the European Union EU until July 9. After von der Leyen asked for more time for negotiations, Trump agreed to the delay, even though he had originally intended to implement the levy on June 1 due to failed negotiations. Trumps most recent action increases fears about transatlantic trade tensions, even though the EU had previously faced a 20% duty that was lifted in April. The European markets responded favourably, with the Paris CAC 40 up 1.1% and Frankfurts DAX up 1.6%. Before the new deadline, the delay enables both parties to look for a mutually beneficial trade agreement. Read More..

B2B Tech News | 3 months ago        

ECB’s Lagarde Says Euro Could Challenge U.S. Dollar’s Global Dominance

Citing global economic changes and investor concerns over the instability of U.S. policy, European Central Bank ECB President Christine Lagarde has sa

Citing global economic changes and investor concerns over the instability of U.S. policy, European Central Bank ECB President Christine Lagarde has said that the euro might emerge as a competitive alternative to the U.S. dollar. Speaking in Berlin, Lagarde underlined that if Europe fortifies its financial and security framework, the euros contribution to global trade might grow. She called on EU countries to improve crossborder payments, create a single bond market, and further economic integration. With the euro holding 20% of global reserves and the dollar down to 58%, there is room for expansion. Lagarde emphasised that Europe must merit its stature and promoted cooperative trade and financial arrangements to improve the euros reputation internationally. Read More..

B2B Tech News | 3 months ago        

EU Lifts Economic Sanctions on Syria, Boosting Trade and Investment Prospects

The European Unions decision to remove economic sanctions, the biggest relaxation of Western pressure on Damascus in more than ten years, has been war

The European Unions decision to remove economic sanctions, the biggest relaxation of Western pressure on Damascus in more than ten years, has been warmly received by Syrian business owners. Syrian Foreign Minister Asaad alShaibani hailed the action as a step towards economic stability, following a similar announcement by the United States. With corporations that had previously disengaged owing to sanctions now reestablishing contacts, entrepreneurs expect renewed commerce and investment. Business operations were hampered by the sanctions stringent restrictions on supply chains and financial transactions. In order to hasten economic recovery, the new Syrian government, headed by temporary President Ahmed alSharaa, has pushed for the lifting of sanctions. The EUs move indicates that Syrias new government is becoming more widely recognised. Read More..

B2B Tech News | 3 months ago        

Trump Media Plans $3 Billion Crypto Investment Ahead of Major Investor Meeting

Ahead of a significant gathering of cryptocurrency investors, Trump Media & Technology Group TMTG intends to raise $3 billion to invest in cryptocurre

Ahead of a significant gathering of cryptocurrency investors, Trump Media & Technology Group TMTG intends to raise $3 billion to invest in cryptocurrencies, including Bitcoin. Though terms could change, the company hopes to raise $1 billion through a convertible bond and $2 billion in new equity. Truth Socials parent company, TMTG, has been entering the financial services industry by introducing cryptocurrency exchangetraded funds ETFs that support Trumps America First objectives. Regulators are looking into the move because of Trumps personal cryptocurrency holdings. Vice President JD Vance is anticipated to announce the capital increase this week, and Trumps sons Eric and Donald Jr are expected to give speeches. Read More..

B2B Tech News | 3 months ago        

U.S. and China Hold First HighLevel Call Since Geneva Trade Talks

Negotiations have advanced as the United States and China held their first highlevel call since the Geneva trade talks. U.S. Deputy Secretary of State

Negotiations have advanced as the United States and China held their first highlevel call since the Geneva trade talks. U.S. Deputy Secretary of State Christopher Landau and Chinese Vice Foreign Minister Ma Zhaoxu reaffirmed their commitment to open communication while discussing important trade concerns. Analysts saw the call as a step in the right direction after the interim tariff reductions agreed upon in Geneva, even if tariffs were not specifically mentioned. The conversation takes place as China seeks market access and the United States worries about the export of fentanyl. The call also comes after Beijing stressed economic cooperation during a meeting with Jamie Dimon, CEO of JPMorgan, and Chinas Vice Premier He Lifeng. Read More..

B2B Tech News | 3 months ago        

India and Maldives to Review Economic and Maritime Security Partnership

The Comprehensive Economic and Maritime Security Partnership between India and the Maldives will be reviewed on May 26, 2025. At the second meeting of

The Comprehensive Economic and Maritime Security Partnership between India and the Maldives will be reviewed on May 26, 2025. At the second meeting of the HighLevel Core Group HLCG, Maldivian Foreign Minister Abdulla Khaleel will lead talks with External Affairs Minister S. Jaishankar to evaluate the status of the vision document that Prime Minister Narendra Modi and President Mohamed Muizzu adopted in October 2024. In keeping with Indias Neighbourhood First strategy, the relationship focuses on infrastructure, trade, and maritime security. Both countries want to promote regional security and economic cooperation, and their relations have improved after previous diplomatic conflicts. Read More..

B2B Tech News | 3 months ago        

Foxconn Eyes $3 Billion Acquisition of SingaporeBased UTAC Holdings

Potential bidders for Singaporebased UTAC Holdings, a semiconductor assembly and testing company, including Taiwans Foxconn in a $3 billion deal. The

Potential bidders for Singaporebased UTAC Holdings, a semiconductor assembly and testing company, including Taiwans Foxconn in a $3 billion deal. The sale will be managed by Jefferies for UTAC, which is controlled by Wise Road Capital. Nonbinding bids are due by the end of the month. With manufacturing sites in Thailand, China, and Indonesia, the company offers chip assembly services for consumer, computer, security, and medical applications. UTAC is anticipated to draw nonU.S. buyers because of its China presence, and the auction coincides with U.S.China tech concerns. Foxconn, a significant supplier to Apple, has diversified into the production of semiconductors in line with its longterm growth plan. Read More..

B2B Tech News | 3 months ago        

Trump Threatens 25% Tariff on Apple iPhones Not Made in the U.S.

U.S. President Donald Trump has threatened to impose a 25% tariff on Apple for selling iPhones that are not made in the country. When the news was rel

U.S. President Donald Trump has threatened to impose a 25% tariff on Apple for selling iPhones that are not made in the country. When the news was released through Truth Social, Apples stock fell 4%, and Nasdaq 100 futures also fell. Apple has been moving its manufacturing to India last year, it produced $22 billion worth of iPhones, a 60% increase in output. According to analysts, shifting production to the United States might result in iPhone costs reaching $3,500 per device, giving Apple a stronger case for tariffs. In light of the ongoing trade tensions between the United States and China, the strategy promotes home manufacturing and is consistent with Trumps larger trade goal. Read More..

B2B Tech News | 3 months ago        



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