06 Market

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The EU’s top executive body has urged US President Donald Trump not to impose new tariffs on the bloc’s goods and to clarify his position following the US Supreme Court ruling that struck down most of his earlier measures.

On Friday, the Supreme Court ruled that Trump had no authority to impose tariffs under the 1977 International Emergency Economic Powers Act (IEEPA). Trump responded by signing an order imposing a 10% global tariff through a different law and later said he would raise it to 15%. He denounced the justices who ruled against him as “a disgrace to the nation.”

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He told ABC that the USTR already had open investigations into Brazil and China, and expected to initiate investigations into areas such as industrial excess capacity, which would cover many countries in Asia, and unfair trading practices regarding rice, which is heavily subsidised by some countries.

Greer said he did not expect the ruling and subsequent change in tariffs to affect Trump’s planned meeting with Chinese President Xi Jinping at the end of March.

“The purpose of this meeting with President Xi is not to fight about trade. It’s to maintain stability, make sure that the Chinese are holding up their end of our deal and buying American agricultural products and Boeings and other things,” Greer said. “I don’t see this really affecting that meeting.”

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U.S. President Donald Trump’s administration said Tuesday that Japan will finance the production of synthetic diamonds and two energy projects worth about $36 billion as the initial tranche of investments under a deal reached last year following months of tariff negotiations.

Trump’s announcement that the three projects had been selected, as part of a $550 billion package that Japan committed to in exchange for his administration reducing tariffs on Japanese cars and other goods, was confirmed hours later by Japanese Prime Minister Sanae Takaichi.

“These projects are so large, and could not be done without one very special word, TARIFFS,” Trump wrote on his Truth Social platform. “America is building again. America is producing again. And America is WINNING again.”

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In 1987, economist and Nobel laureate Robert Solow made a stark observation about the stalling evolution of the information age: Following the advent of transistors, microprocessors, integrated circuits, and memory chips of the 1960s, economists and companies expected these new technologies to disrupt workplaces and result in a surge of productivity. Instead, productivity growth slowed, dropping from 2.9% from 1948 to 1973, to 1.1% after 1973.

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Arch globalist Christine Lagarde is reportedly planning to leave her post at the helm of the European Central Bank before the end of her term next year in a bid to lock in liberal leadership long after French President Emmanuel Macron leaves office.

The anti-Trump former French finance minister has served as president of the European Central Bank since 2019. While her eight-year term is set to expire in October next year, the Financial Times, citing a “person familiar with her thinking”, reported that Lagarde is considering stepping down before then to allow French President Emmanuel Macron and German Chancellor Friedrich Merz to select her successor.

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When you elect a communist, you get a communist community.

New York City Mayor Zohran Mamdani introduced his $127 billion preliminary budget plan on Tuesday.

That’s $11 billion higher than 2025. And cuts? Mamdani claimed he “identified another $1.7 billion in savings to reduce the budget gap.”

Did Mamdani explain those cuts? Of course not! Probably because he has no intention to cut any spending.

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The advent of artificial intelligence is rattling a lot of cages. Trust me, I should know; two of our four daughters are freelance commercial graphic artists, and they are (rightfully) worried about being underbid and driven out of the market by computers. As for me, I’m not too worried – what computer could ever match my inimitable style, my wit, my wisdom, not to mention my modesty?

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Elon Musk, the entrepreneur behind SpaceX and the artificial intelligence company xAI, has unveiled one of his most ambitious plans yet. During an all-hands meeting with xAI staff on Tuesday, February 10, Musk announced a proposal to establish a manufacturing facility on the Moon that would build satellites equipped with advanced computing capabilities. According to The New York Times, Musk described the Moon as a necessary step in gaining a competitive advantage for future AI systems, saying simply, “You have to go to the Moon.”The idea involves constructing a lunar factory that could produce satellites outfitted with hardware designed to support artificial intelligence workloads.

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The One Big Beautiful Bill Act, passed by Republicans and signed by President Donald Trump last year, will add $4.7 trillion to deficits through 2035, according to the Congressional Budget Office.

The numbers were released Wednesday as part of the nonpartisan congressional scorekeeper’s annual budget and economic update, which includes projections for the debt, spending, inflation, and GDP.

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Taiwan has told Washington that its proposal to move 40% of the island’s semiconductor supply chain to the U.S. was “impossible,” the country’s top tariff trade negotiator said in an interview.

Speaking on a local television broadcast Sunday, Vice Premier Cheng Li-chiun said she had made it clear to Washington that the country’s semiconductor ecosystem, built over decades, could not simply be relocated.

Taiwan’s international expansion, including its investments in the U.S., is predicated on the notion that the industry remains’ rooted in Taiwan and continues to expand domestic investments, she said in Mandarin, translated by CNBC.

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When it comes to racism, Nike decided to “just do it.”

The woke footwear company that enthusiastically promoted serial grifter and race-baiter Colin Kaepernick is — surprise, surprise — fixated on skin color and other external characteristics rather than merit. Now, however, the U.S. Equal Employment Opportunity Commission (EEOC) announced on February 4 that it had filed an action in federal court against Nike.

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The DOJ and multiple states have filed notices to appeal a federal court ruling in the Google Search antitrust case that imposed limited restrictions on the internet giant’s conquest of the search and AI market. The verdict was so friendly to Google that one analyst called it “a home run for the status quo.”

Bloomberg reports that the DOJ and a coalition of states announced Tuesday they will appeal a September 2025 federal court decision that is widely considered to be the best case scenario for Big Tech following a landmark antitrust case. The appeal targets a ruling by US District Judge Amit Mehta that allowed the tech giant to avoid major structural changes despite being found guilty of operating an illegal monopoly in the search market.

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Car ownership used to come with an unspoken assumption: You bought the vehicle, and it was yours to maintain, repair, and service in any way you saw fit. That assumption is quietly eroding. And one of the clearest signs doesn’t involve software updates or subscription features.

It involves a screw.

Tasks once considered routine — such as clearing fault codes or accessing safety systems — now often require dealer-level credentials or paid subscriptions.

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PARIS — French prosecutors searched the offices of Elon Musk’s social media platform X on Tuesday as part of a preliminary investigation into a range of alleged offences, including spreading child sexual abuse images and deepfakes.

The investigation was opened in January last year by the prosecutors’ cybercrime unit, the Paris prosecutors’ office said in a statement. It is looking into alleged “complicity” in possession and spreading of pornographic images of minors, sexually explicit deepfakes, denial of crimes against humanity and manipulation of an automated data processing system as part of an organized group, among other charges.

In addition, prosecutors filed a request for “voluntary interviews” of Elon Musk and Linda Yaccarino, CEO of X from 2023 to 2025, scheduled for April 20. Employees of the platform X have also been summoned that same week in April to be heard as witnesses, the statement said.

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SpaceX Wants a Million Satellites for AI: Is This the Future of Computing or a Space Disaster Waiting to Happen?

SpaceX has submitted a daring proposal to the US Federal Communications Commission (FCC) to launch a constellation of up to one million satellites into Earth orbit, not for Internet coverage like Starlink but as orbital data centers designed to power artificial intelligence applications on a global scale. The plan, if approved, could reshape how humanity processes data, runs AI models and thinks about computing infrastructure and it is already stirring excitement and controversy across tech and space communities.

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According to a recent report, the White House is set to start using artificial intelligence to write new transportation regulations. It’s no longer a question whether this technology will have power over our lives — that moment has arrived.

As its influence grows, AI will be the source of even more heated political debates. Some on the left are horrified about the lack of DEI and the hateful expression in AI, while the White House has claimed it is too woke. Some say AI is scraping from predominantly Western sources, so it is too Western. Some Christians are horrified by the implications of what happens when you ask generative AI moral and spiritual questions, while others seriously argue that AI can be an ethical counselor and decisionmaker. The AI debates, be they political or moral, are all framed around competing assertions of truth.

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From CNN. “The American Psychiatric Association announced Wednesday that it is radically reconceptualizing the main manual that clinicians use to make a mental health diagnosis. The Diagnostic and Statistical Manual of Mental Disorders will likely get a new name, new voices shaping its content and a new approach that will add more layers to a diagnosis.

The hope is that it will turn what some call “psychiatry’s bible” into more of a guidebook to mental health disorders — one that’s more inclusive, dynamic and educational, so patients will receive more effective treatments.

While APA updates the manual regularly to reflect the most up-to-date science, the last update was 2022. Over the years, the DSM has come under heavy criticism. Some argue it’s not scientific enough, others argue it’s not specific enough, or even practical.

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Chinese businesses have pledged hundreds of millions of pounds’ worth of investment in the U.K. and struck new partnerships with British peers as Prime Minister Keir Starmer’s visit to China spurred a flurry of bilateral business activity and investment flows.

During his four-day visit in China last week, Starmer met Chinese President Xi Jinping and secured deals that would see hundreds of millions worth of new investments from Chinese businesses, in addition to £2.2 billion ($3 billion) worth of exports and £2.3 billion in market access, according to a statement from the prime minister’s office.

Following the high-profile visit, the two leaders hailed the benefits of cooperation, with Xi describing the bilateral ties as “mutually beneficial.” Starmer, who brought a large delegation of executives from banking, pharmaceutical, and automobile companies to China, also described the country as vital to Britain’s interests.

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Canadian Prime Minister Mark Carney is scrambling to walk back his China pivot after President Donald Trump threatened to hammer Canada with massive tariffs if Ottawa turns itself into a trade conduit for Beijing.

Carney now insists Canada has “no intention” of pursuing a free trade deal with the Chinese Communist Party.

It comes just days after President Trump warned that any such move would trigger a 100% tariff on Canadian exports entering the United States.

The sudden reversal follows a series of events that exposed Canada’s quiet but aggressive realignment toward Beijing.