aiwan Semiconductor Manufacturing Company (TSMC) may be facing a fine of over $1 billion amid a U.S. export control investigation into chips allegedly used in a Huawei AI processor, according to Reuters. The controversy stems from claims that TSMC’s AI chip dies—which are subject to U.S. export restrictions—were used in the Ascend 910B processor, China’s…
Artificial Intelligence (AI) is revolutionizing industries worldwide, and the supply chain is no exception. As the most transformative technology of the decade, AI has significantly boosted efficiency, resilience, and responsiveness in supply chain operations. It allows organizations to streamline processes while enabling their workforce to focus on higher-value, strategic initiatives. Yet despite its clear advantages,…
China’s top leadership is set to convene a high-level meeting as early as Wednesday to discuss urgent measures aimed at boosting the domestic economy and stabilizing capital markets, according to sources familiar with the matter. The gathering comes in response to intensifying trade tensions with the United States. The planned meeting follows the U.S. decision…
Oil prices dropped sharply on Monday during a volatile trading session, as President Trump threatened to impose additional tariffs on China—rattling markets and dragging down stocks. West Texas Intermediate (CL=F) futures briefly dipped below $60 per barrel for the first time since 2021, before recovering slightly to close at $60.70. Brent crude (BZ=F), the global…
WASHINGTON — Vice Adm. Shoshana Chatfield, the U.S. military’s representative to NATO, has been relieved of her duties by the Trump administration, marking the latest in a series of high-level military dismissals. The Pentagon has not issued a statement regarding Chatfield’s removal. She previously served as president of the Naval War College and is a…
27% tariffs were levied on India as part of Trump’s reciprocal plan, lowest amongst its Asian peers. The government intends to negotiate further and reduce tariffs for US imports into India under section 4 C of the executive order. Donald Trump called April 2 ‘Liberation Day’ and promised economic benefits from his tariff policies. India…
Tesla sales have plummeted to their lowest level in three years after a backlash against its boss Elon Musk. The electric car maker delivered almost 337,000 electric vehicles in the first three months of 2025, a 13% drop from a year ago. Tesla shares tumbled in early trading on Wednesday after the release of the…
Maruti Suzuki on April 2 announced that it is hiking the prices of its select car models from April 8. Grand Vitara will face the biggest price hike of up to Rs 62,000. The price of its popular SUV model currently starts from Rs 11.19 lakh. “While the company is committed to optimise costs and reduce…
