The BRICS group of countries is increasingly being considered as an alternative for global diplomacy and cooperation amidst increasing tariff and protectionist policies from the United States. A number of developing countries view BRICS as a platform to strengthen trade, investment, and financial cooperation without over-reliance on a Western-dominated system. US tariff pressure is pushing many countries to seek a more balanced economic and political path. Through BRICS, member countries are seeking to expand the use of local currencies, strengthen supply chains, and enhance solidarity...
Italy's data protection authority, the Garante, said on Thursday it had ordered DeepSeek to block its chatbot in the country after the Chinese artificial intelligence startup failed to address the regulator's concerns over its privacy policy. The watchdog had questioned DeepSeek this week about its use of personal data, particularly seeking informationon what personal data is collected, from which sources, for what purposes, on what legal basis and whether it is stored in China. The Garante's order - aimed at protecting Italian users' data - came after the Chinese companies that supply the...
The number of job openings on the last business day of December stood at 7.6 million, the US Bureau of Labor Statistics (BLS) reported in the Job Openings and Labor Turnover Survey (JOLTS) on Tuesday. This reading followed the 8.15 million openings announced in November and came in below the market expectation of 8 million. "Over the month, hires and total separations were little changed at 5.5 million and 5.3 million, respectively. Within separations, quits (3.2 million) and layoffs and discharges (1.8 million) changed little," the BLS noted in its press release. Market reaction to JOLTS...
China is the world's top energy importer but its purchases from the United States are relatively modest, lessening the impact of Beijing's move Tuesday to impose retaliatory tariffs on U.S. crude oil, liquefied natural gas (LNG) and coal. Shortly after U.S. President Donald Trump's tariffs on China took effect Tuesday, China's Finance Ministry said it would impose levies of 15% on U.S. coal and LNG imports and 10% on crude oil as well as farm equipment and some cars, starting Feb. 10. China's U.S. crude oil imports fell 52% to about 230,540 barrels per day (bpd) in the first 11 months of...
United States (US) President Donald Trump hit the newswires with a wide swath of off-hand statements on Monday, ranging from the war in Ukraine, where President Trump expects 'rare earth metals' in exchange for obtaining a ceasefire with Russia. Donald Trump also noted that he remains "not happy" with the Panama situation, and reiterated that his work on tariffs is not over yet.We'll be doing something perhaps with TikTok if we can make the right deal, TikTok could go into the sovereign wealth fund.Nobody is out of tariffs.I had good talk with Trudeau.We haven't agreed on tariffs yet with...
According to the Institute for Supply Management (ISM), the Manufacturing PMI rose to 50.9 in January from 49.3 in the previous month, beating market expectations of 49.8. Additionally, the Prices Paid Index—a measure of inflation—rose to 54.9 from 52.5, while the Employment Index increased to 50.3 from 45.4, and the New Orders Index improved to 55.1. The US dollar maintained its upbeat performance so far on Monday, motivating the US Dollar Index (DXY) to maintain its marked gains above the 109.00 mark for now. Excitement is building as the Institute for Supply Management (ISM) prepares...
Asian stock markets fell in unison on Thursday, following Wall Street's decline. A brief rally in tech stocks led by Nvidia quickly faded, prompting investors to turn away from riskier assets like...
Pasangan mata uang EUR/USD mengawali pekan ini dengan nada sedikit melemah di sesi Asia, diperdagangkan di sekitar 1,1730, turun kurang dari 0,10% dalam sehari. Meski terkoreksi, euro masih berada...
US President Donald Trump said Washington is willing to provide security assistance to Ukraine as part of a deal to end the war with Russia. He emphasized that security support is a crucial factor...