Gold has reached a historic peak as investors search for stability in unsettled markets. On Tuesday morning, the spot price rose to $3,508.50 per ounce. The rally has driven the metal up by nearly a third this year. Tariffs and trade tensions boost interest Gold often gains when the global economy faces disruption. Earlier this year, prices jumped after President Donald Trump introduced sweeping tariffs. The measures unsettled global trade and increased demand for safer assets. Analysts also expect the US central bank to cut interest rates, adding to gold’s appeal. Adrian Ash, research director at BullionVault, said Trump’s policies…
Author: Grace Johnson
Grace Johnson
Grace Johnson is a freelance journalist from the USA with over 15 years of experience reporting on Politics, World Affairs, Business, Health, Technology, Finance, Lifestyle, and Culture. She earned her degree in Communication and Journalism from the University of Miami. Throughout her career, she has contributed to major outlets including The Miami Herald, CNN, and USA Today. Known for her clear and engaging reporting, Grace delivers accurate and timely news that keeps readers informed on both national and global developments.
Shares of Chinese electric vehicle maker BYD fell by up to 8% on Monday. The decline followed weaker profits, driven by heavy discounting in a fiercely competitive market. Profits fall short of expectations On Friday, BYD reported net profit of 6.4bn yuan ($900m; £660m) for April to June. The result marked a 30% fall compared with the same period last year. The company admitted that intensifying price competition across the EV sector has hurt its performance. Rivals cut deeper into margins The Shenzhen-based automaker faces mounting pressure from domestic rivals Nio and XPeng, as well as Tesla from the US.…
Beer sales in Germany continue to decline, while alcohol-free options are on the rise. According to the federal statistics office, sales of alcohol-free beer have climbed by 109 percent since 2013. At the same time, overall beer sales have reached their lowest level in more than three decades. For the first time, total sales slipped below four billion liters in a half-year period. From January to June 2025, breweries sold about 3.9 billion liters. That marks a fall of 6.3 percent, or 262 million liters, compared with the same period in 2024. breweries adapt to the shift The Erdinger brewery…
A US appeals court has struck down most of Donald Trump’s tariffs, ruling them unlawful. The decision undermines one of his central trade strategies and sets the stage for a Supreme Court showdown. The judgement voids Trump’s “reciprocal” tariffs against dozens of countries. It also cancels levies placed on China, Mexico and Canada. Judges strip tariffs of legal ground In a 7-4 ruling, the US Court of Appeals for the Federal Circuit declared Trump’s tariffs “invalid as contrary to law”. The judges rejected his reliance on the International Emergency Economic Powers Act. They said tariff-setting is the constitutional responsibility of…
The United States has scrapped a long-standing tariff exemption that supported the flow of low-cost imports. From Friday, goods valued at $800 or less will no longer enter duty-free and will face stricter customs checks. The change will affect millions of shipments every day. Last year, nearly 1.4 billion parcels worth more than $64bn arrived in the US without paying duties under the de minimis rule. Experts warn that the end of the exemption will raise prices and reduce choice, with small businesses hit hardest. “I’ve reached the point of acceptance, but when I first heard the news, I thought…
Nvidia has set new sales records as demand for artificial intelligence keeps accelerating, though global tensions cloud the company’s outlook. On Wednesday, the chipmaker revealed $46.7bn (£34.6bn) in second-quarter revenue, a 56% leap compared with the same period last year. Yet its shares slipped in after-hours trading after executives admitted the company was still “working through geopolitical issues”. Nvidia remains in the middle of a heated trade conflict between the United States and China. Rapid policy shifts under the Trump administration, aimed at keeping America ahead in artificial intelligence, add further challenges to its business. Tech giants pour money into…
South Korea has passed a law banning smartphones and other smart devices during school hours. The country joins a growing number of nations restricting phone use among children and teenagers. The law will take effect in March 2026. Lawmakers from both ruling and opposition parties supported it. They say it aims to curb smartphone addiction, which research increasingly links to harmful effects. Parents and lawmakers call for action Supporters argue phones disrupt lessons and reduce academic performance. They say students spend too much time scrolling instead of studying or socialising. Parents worry devices prevent children from forming friendships or pursuing…
US President Donald Trump has announced plans to dismiss Federal Reserve governor Lisa Cook without delay. The move represents an unprecedented escalation in his clash with the central bank. Trump alleged there was “sufficient reason” to accuse Cook of making false statements on mortgage documents. He cited constitutional authority that he claimed grants him the power to act. Cook strongly rejected the attempt, saying the president had no legal authority to fire her. She declared she would not step down. No president has ever tried to remove a Federal Reserve governor. Trump’s move follows months of criticism against the bank…
Vintage once ruled the wine world In wine, the vintage has always been king. Every bottle of red, white, or rosé almost always carries the year of harvest on the label. Non-vintage still wine, which blends grapes from several years, has long been seen as cheap and undesirable. It is also far less common. But climate change is now shaking this tradition. Heatwaves, droughts, and extreme weather push winemakers to seek consistency. A small but growing group of respected wineries now release non-vintage bottles. They argue blending ensures quality when nature brings chaos. Napa Valley feels the heat Chris Howell,…
Illinois Governor JB Pritzker condemned President Donald Trump’s plan to deploy troops to Chicago. He called the move an abuse of power. Pritzker said no emergency justifies sending the National Guard to Illinois. He accused Trump of fabricating a crisis to justify action. Trump already deployed about 2,000 troops to Washington DC. The city’s Democratic leadership opposes the measure. Trump frames the mission as a crackdown on crime in major US cities. On Friday, he announced that Chicago and New York could face the same strategy. Chicago mayor warns of dangerous consequences Chicago Mayor Brandon Johnson said he had not…
