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Toy stocks rally after Chinese tariffs slashed to 30%
Shares of Mattel, Hasbro, Jakks and Funko rallied on Monday after the U.S. agreed to temporarily reduce tariffs on China.
Published on: May 12, 2025 | Source:
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Google launches AI startup fund offering access to new models and tools
Amazon and Microsoft, OpenAI's principal investor, are backing generative AI startups with hefty investmentsand developing their own technologies.
Published on: May 12, 2025 | Source:FirstFT: US stocks soar after Washington and Beijing agree tariff truce
Also in todayβs newsletter, Modi claims Indian military βsuperiorityβ over Pakistan, and Chinaβs CATL to raise at least $4bn
Published on: May 12, 2025 | Source:Megacap tech adds more than $800 billion in market cap after U.S.-China tariff pause
Member of the so-called Magnificent 7 group added an aggregate $837.5 billion in market value on Monday after the U.S. and China agreed to pause most tariffs,
Published on: May 12, 2025 | Source:Who blinked first? How the US and China broke their trade deadlock
Secret meeting in IMF basement paved way for tariff deal seen on both sides as a victory
Published on: May 12, 2025 | Source:S&P 500 notches third-biggest jump of past 5 years on trade deal hopes
Equities, dollar and oil advance in afternoon trading after worldβs biggest economies reduce punitive levies
Published on: May 12, 2025 | Source:Treasury Secretary Bessent says he's likely to meet with China again in 'next few weeks' to work on bigger agreement
The comments come after the U.S. and China announced a 90-day pause on most of the tariffs the countries had imposed on one another.
Published on: May 12, 2025 | Source:Wall Street stocks soar on US-China tariff reprieve
Deal stokes optimism among investors that Donald Trump will de-escalate trade war
Published on: May 12, 2025 | Source:McDonald's announces plans to hire 375,000 workers with Trump Labor secretary
Through its company-owned and franchised restaurants, McDonald's is one of the nation's largest private employers.
Published on: May 12, 2025 | Source:White South Africans arrive in US under Trump refugee scheme
President offered asylum to Afrikaners he says have faced violence and discrimination since end of apartheid
Published on: May 12, 2025 | Source:Starmer faces business backlash over UK migration curbs
Tough proposals including ending automatic settlement after five years would end βsqualid chapterβ for country, PM says
Published on: May 12, 2025 | Source:White House pushes lower US drugs prices with tariff threat to Europe
Trump sets out plans for cost targets and eliminating βmiddlemenβ in executive order
Published on: May 12, 2025 | Source:Trump China trade deal: Tariff pause means new surge in freight shipments, and higher prices
Trump's trade deal with China and pause on the highest tariffs means another surge is coming in global trade, but business uncertainty isn't going away.
Published on: May 12, 2025 | Source:Trumpβs eye on Qatarβs $400M luxury jet is already causing a stir
Democratic lawmakers and Trump allies have criticized the purported move, saying the lavish nature of the gift raises serious legal and ethical concerns.
Published on: May 12, 2025 | Source:China and US agree to slash tariffs
Deal to reduce duties for next 90 days marks first sign of tension easing between the two economic superpowers
Published on: May 12, 2025 | Source:Two BoE policymakers warn against rushing to further cut interest rates
Clare Lombardelli and Megan Greene want to see more evidence that inflationary pressures are easing
Published on: May 12, 2025 | Source:Markets are putting their trust back in Trump, as long as trade deals keep going
The tentative U.S.-China trade deal brought a fresh wave of optimism to Wall Street.
Published on: May 12, 2025 | Source:Bessent sees tariff agreement as progress in 'strategic' decoupling with China
The trade pact reached over the weekend represents another stage in the U.S. shaking its reliance on Chinese products, the Treasury chief said.
Published on: May 12, 2025 | Source:Perplexity nears second fundraising in six months at $14bn valuation
Artificial intelligence search start-up backed by Accel in $500mn round
Published on: May 12, 2025 | Source:Bulgarian who led Russia-backed spy ring in the UK jailed for 10 years
Orlin Roussev was one of six who engaged in espionage
Published on: May 12, 2025 | Source:Starmer seeks to cut UK migration and refocus it on graduate work
PMβs plan reverses post-Brexit liberalisation that allowed foreigners to fill positions in industries such as adult care
Published on: May 12, 2025 | Source:An uneasy US-China dΓ©tente on tariffs
Uncertainty around Trumpβs trade war has not gone away
Published on: May 12, 2025 | Source:Hamas says it has released Israeli-American hostage
Handover of Edan Alexander comes ahead of Donald Trumpβs trip to the Gulf
Published on: May 12, 2025 | Source:Trump signs order aiming to cut some U.S. drug prices to match lower ones abroad
The order is a blow to the pharmaceutical industry, which is already bracing for Trump's planned tariffs on prescription drugs.
Published on: May 12, 2025 | Source:Migration cuts are a luxury the UK cannot afford
Reducing freedom of movement comes at a cost and governments shouldnβt pretend otherwise
Published on: May 12, 2025 | Source:Trump could join Russia-Ukraine peace talks in Turkey
Zelenskyy welcomes prospect of US president participating in event in Istanbul
Published on: May 12, 2025 | Source:Trump hails Qatar's 'nice gesture' of Air Force One replacement, blaming Boeing delays
"I could be a stupid person and say no, we don't want a free plane," Trump said.
Published on: May 12, 2025 | Source:Trump defends gift of 747 jet from Qatar as new Air Force One
Gulf stateβs offer to replace ageing presidential plane raises ethics concerns
Published on: May 12, 2025 | Source:America has given China a strangely good tariff deal
For the next 90 days, at least
Published on: May 12, 2025 | Source:Opt out or get scraped: UKβs AI copyright shake-up has Elton John, Dua Lipa fighting back
Celebrity musicians are urging the U.K. to rethink controversial plans to reform copyright laws that allow AI developers access to rights-protected content.
Published on: May 12, 2025 | Source:Trump poised to accept Qatar jet gift as Air Force One
Reports of the gift comes just before President Trump is set to travel to the Middle East this week, with a stop in Qatar.
Published on: May 12, 2025 | Source:A 'huge win' for bulls: Markets soar on U.S.-China deal as Wall Street sees more upside
Market watchers have labeled the new U.S.-China deal to temporarily cut tariffs "better than expected," "more workable" and even a "dream scenario."
Published on: May 12, 2025 | Source:'Resort feesβ in the U.S. must now be disclosed. But some aren't celebrating yet
A rule requiring short-term lodging companies to disclose "junk fees" starts Monday. But cuts to two government agencies could hinder enforcement.
Published on: May 12, 2025 | Source:Millennial entrepreneur raised $2 million for a money-saving app for immigrants
Nina Mohanty, a 32-year-old fintech entrepreneur, says Bloom Money is a "fight for a more diverse formal financial system."
Published on: May 12, 2025 | Source:Spainβs unprecedented power outage sparks a blackout blame game over green energy
An abrupt and widespread blackout, one of Europe's worst in living memory, affected the entire Iberian Peninsula on April 28.
Published on: May 12, 2025 | Source: