Author: ALJAZEERA

On March 4, the US-Mexico border was at a standstill. The trucks that Thor Salayandia was planning to send across a checkpoint to the United States sat in the lot. The only thing moving was the confusion in the air. Salayandia owns and operates a factory in Juarez, Mexico that makes auto parts and ships truckloads of metal tubes to warehouses in the US state of Texas for assembly. For the past month, his business has been thrown into turbulent waters. “It’s becoming a political game … so for two days there was a considerable reduction in traffic. Even the…

Read More

Japanese gaming giant expected to reveal release date, price and other key details in live presentation on Wednesday.Nintendo is set to reveal key details of its follow-up to the Switch in a presentation that has been eagerly anticipated by gaming fans and investors alike. The Japanese gaming giant will kick off the hour-long presentation for the Switch 2 at 13:00 GMT on Wednesday, with the hybrid handheld and home console’s price and release date among the details expected to be revealed. The Nintendo Direct event comes after the Kyoto-based company confirmed the existence of the next-generation system in a brief…

Read More

United States President Donald Trump has said his long-awaited reciprocal tariffs will be lower than what other countries charge as uncertainty over his biggest trade announcement yet continues to roil global stocks. Speaking at the White House on Monday, Trump said the tariffs he is preparing to announce on Wednesday will be “nicer” than the trade policies of US trading partners. “We are going to be very nice by comparison to what they were. The numbers will be lower than what they have been charging us, and in some cases, maybe substantially lower,” Trump told reporters at the Oval Office.…

Read More

Consumer confidence in the United States has continued its sharp 2025 decline as Americans’ views about their financial futures slumped to a 12-year low, driven by rising anxiety over tariffs and inflation. The Conference Board reported on Tuesday that its consumer confidence index fell 7.2 points in March to 92.9, the fourth straight monthly decline and its lowest reading since January of 2021. The reading was short of analysts’ expectations for a reading of 94.5, according to a survey by FactSet. The business group found that the measure of Americans’ short-term expectations for income, business and the job market fell 9.6 points…

Read More

JD Vance’s visit to Greenland comes amid US President Trump saying he wants to take over the Arctic territory.Denmark’s Prime Minister Mette Frederiksen has accused the United States of exerting “unacceptable pressure” on Greenland in advance of a provocative high-level visit to the Arctic territory led by US Vice President JD Vance. Vance, who has become the attack dog of US President Donald Trump’s foreign policy, will travel with his wife, Usha, and other senior officials to the US’s Pituffik Space Base in Greenland on Friday, “to receive a briefing on Arctic security issues and meet with US servicemembers”, his…

Read More

World leaders have denounced United States President Donald Trump for unveiling a new tariff measure, this time aimed at the automobile industry. Canadian Prime Minister Mark Carney offered one of the most frank assessments, saying it signalled an end to the tight bonds his country and the US once enjoyed. “The old relationship we had with the United States – based on deepening integration of our economies and tight security and military cooperation – is over,” Carney said. “We will need to dramatically reduce our reliance on the United States. We will need to pivot our trade relationships elsewhere. And…

Read More

Prime Minister Albanese’s Labor Party has introduced new tax cuts in advance of general election due before May 17.Australia’s Prime Minister Anthony Albanese says he plans to call a national election “imminently” as the May 17 deadline for electing a new parliament is fast approaching. “It will be in May, I can guarantee that. And it will be called pretty imminently,” Albanese told radio station Triple M on Thursday. “I’m not calling it today but I will call it soon. I think that Australians want to get on with it,” he said. Separate reports from The Sydney Morning Herald and…

Read More

United States President Donald Trump has announced a 25 percent tariff on imported cars and car parts, his latest salvo in a widening trade war that has stoked tensions with partners and allies. Speaking at the White House on Wednesday, Trump said the tariffs would “take back” money from foreign countries that have been “taking our jobs” and “our wealth”. “They’ve taken so much out of our country – friend and foe. And, frankly, friend has oftentimes been much worse than foe,” he said at the Oval Office. “This is very modest.” Calling the move “exciting”, Trump, who has pledged…

Read More

In July, Boeing agreed to plead guilty to a criminal fraud conspiracy charge after two fatal 737 MAX crashesA United States judge has abruptly set a June 23 trial date in the Department of Justice’s criminal fraud case against Boeing stemming from the plane maker’s alleged misrepresentations to US regulators about a key system on the 737 MAX. The judge set the trial date on Tuesday. In July, Boeing agreed to plead guilty to a criminal fraud conspiracy charge after two fatal 737 MAX crashes, and to pay a fine of up to $487.2m. US District Judge Reed O’Connor had previously…

Read More

Officials, including California’s attorney general, question what will happen to the data collected by the firm.Genetic testing firm 23andMe has filed for Chapter 11 bankruptcy protection in the United States amid weak demand and losses from a 2023 data breach. Its co-founder and CEO has resigned. San Francisco-based 23andMe announced on Sunday that it will look to sell “substantially all of its assets” through a court-approved reorganisation plan. The company’s shares fell 50 percent to 88 cents in Monday trading after co-founder Anne Wojcicki, who made multiple failed takeover bids, resigned as CEO. 23andMe did not say whether there are…

Read More