Business
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UAE fund ploughs $2bn into Binance crypto exchange
Mar 13, 2025According to both parties, MGX, a firm located in the United Arab Emirates, has paid $2 billion to acquire a minority position in cryptocurrency exchange Binance, making it the largest investment into a crypto startup. Binance’s... -
Trump says to double Canada steel, aluminum tariff rate to 50%
Mar 12, 2025Incoming steel and aluminum taxes on Canadian imports will be doubled from 25% to 50%, according to US President Donald Trump’s announcement on Tuesday. He claimed the tariffs would go into effect “tomorrow morning.” Following the... -
Mercedes-Benz appointed Jason Hoff to the newly created role of North America CEO
Mar 12, 2025Mercedes-Benz said on Tuesday it has appointed Jason Hoff to the newly created role of North America CEO, effective May 1 as the German maker looks to strengthen its focus on the U.S., its second-largest market.... -
Elon Musk kicked off his appeal to try to restore his $56 billion payday from Tesla on Tuesday
Mar 12, 2025Elon Musk kicked off his appeal to try to restore his $56 billion payday from Tesla on Tuesday, claiming a lower court judge made multiple legal errors in rescinding the record compensation. The 2018 pay package... -
South Korea’s Kia denies responsibility for anti-Musk ad
Mar 12, 2025The South Korean automaker Kia informed AFP on Tuesday that it had not authorized a campaign of advertising featuring one of its electric cars with a bumper sticker disparaging Elon Musk, the owner of rival Tesla.... -
Struggling Nissan says CEO Uchida steps down
Mar 12, 2025Struggling Japanese automaker Nissan on Tuesday announced the departure of its chief executive Makoto Uchida following the failure of merger talks with rival Honda. “The Board of Directors decided on 11 March 2025 to select Ivan... -
Texas tech boom: Silicon Valley’s southern outpost rises
Mar 12, 2025Taking place annually in the capital of conservative Texas, the South by Southwest festival is a growing celebration of the state’s rise as a technology hub that is emerging from Silicon Valley’s shadow. Originally started as... -
6,000 MTs of rice imported from India reaches Chattogram Port
Mar 9, 20256,000 metric tons of boiling rice imported from India arrived at Chattogram Port on board the MV Phu Thanh 36 ship. According to an official handout today, the unloading operation will start today after all necessary... -
From critic to investor: Trump welcomes crypto leaders to White House
Mar 9, 2025During his visit to the White House on Friday, Donald Trump reaffirmed his support for cryptocurrencies and made investments in the space. In an effort to eliminate the previous Democratic administration’s extreme mistrust toward digital currencies,... -
China says to slap fresh tariffs on Canadian farm, food products
Mar 8, 2025Following a Beijing investigation into Ottawa’s charges on Chinese commodities last year, China announced on Saturday that it will levy duties on Canadian exports, including pork and rapeseed oil. Beijing’s commerce ministry announced that it would...