Trump threatens to impose 50% tariff on Brazil
US president accuses country of launching a ‘witch-hunt’ against its former leader Jair Bolsonaro
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Trump slaps Brazil with 50% tariff, explicitly tying action to trial of ally Jair Bolsonaro
Trump’s economic emergency rationale for implementing tariffs is problematic in at least this particular instance.
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There’s a ‘growing risk’ Fed will have to cut interest rates by 50 basis points in December to ‘catch up’ to a sagging labor market, Oxford Economics says
Interest rate cuts could mean the economy is in the clear after the spring’s recession fears—or the labor market suddenly collapsed.
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Apple’s AI efforts ‘have struck midnight’ and the only way it can stop getting further behind is acquiring Perplexity, analyst Dan Ives says
Ives said gone are the days where Apple could build a superior product in-house.
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Fed says most policymakers see risks tariffs will cause ‘persistent’ inflation
Minutes from US central bank’s June meeting highlight schism over effect of Donald Trump’s levies
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Nvidia becomes first company to reach $4tn in market value
Maker of AI chips has led a sharp rebound for tech shares on Wall Street
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Britain, France and the necessary relationship
In a war-footing Europe, London-Paris might become what Paris-Berlin was in the era of peace
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Don’t believe the myth: Britain’s services have been hit hard by Brexit
Export growth has been strong but not lived up to its potential