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US attacks Iran for 13th night as Trump threatens ‘bigger’ strikes - Al Jazeera

US Attacks Iran for 13th Night as Trump Threatens ‘Bigger’ Strikes The escalating tensions between the United States and Iran have led to a 13th consecutive night of attacks, with the US military launching a series of airstrikes against Iranian targets. The situation has been further inflamed by President Trump's threats of "bigger" strikes, sparking widespread concern and condemnation from the international community. As the conflict continues to unfold, it is essential to examine the key developments and implications of this crisis. The US has launched a series of airstrikes against Iranian targets for 13 consecutive nights. President Trump has threatened "bigger" strikes, escalating tensions and sparking international concern. The conflict has significant implications for regional and global stability, as well as the global economy. The international community has condemned the attacks and called for de-escalation and diplomacy. The situation rem...

US military launches new strikes on Iran as clashes escalate over shipping routes - AP News

US Military Launches New Strikes on Iran as Clashes Escalate Over Shipping Routes The United States military has launched a series of new strikes on Iranian targets, marking a significant escalation in the ongoing clashes between the two nations over shipping routes. The latest development comes after months of rising tensions, with both countries engaging in a war of words and sporadic skirmishes. The US has accused Iran of disrupting international shipping lanes, while Iran has countered that the US is attempting to strangle its economy through crippling sanctions. Introduction to the Conflict The conflict between the US and Iran has been simmering for years, with the two nations having fundamentally different views on a range of issues, including regional security, nuclear proliferation, and economic cooperation. However, the current round of clashes has been centered on the critical issue of shipping routes, particularly in the Strait of Hormuz, a narrow waterway that connects ...

Saudi nuclear deal in doubt as Trump adds new condition regarding Israel - The Washington Post

Saudi Nuclear Deal in Doubt as Trump Adds New Condition Regarding Israel The potential nuclear deal between the United States and Saudi Arabia has been a topic of intense discussion and speculation. However, recent developments have cast a shadow of doubt over the likelihood of such a deal coming to fruition. At the heart of the matter is a new condition introduced by the Trump administration, which stipulates that Saudi Arabia must recognize Israel as a condition for the nuclear cooperation agreement. This new requirement has significant implications, not just for the deal itself, but for the broader geopolitical landscape of the Middle East. The nuclear deal, which has been in negotiations for some time, aims to facilitate Saudi Arabia's nuclear energy program, potentially paving the way for the kingdom to become a major player in the global nuclear energy market. The agreement would provide Saudi Arabia with the technology and expertise needed to develop its nuclear capabilit...

Steel and aluminum tariffs on appliances, railcars, EV parts raised by US.

On Tuesday, the U.S. Commerce Department raised steel and aluminum tariffs on more than 400 products, including wind turbines, mobile cranes, appliances, bulldozers, railcars, motorcycles, marine engines, furniture, and hundreds more. The department added 407 product categories to the list of “derivative” steel and aluminum products covered by sectoral tariffs, which apply a 50% tariff on steel and aluminum content and the country rate on non-steel and non-aluminum content. In a research note, Evercore ISI estimated the move will raise the effective tariff rate by 1 percentage point for more than 400 product codes representing over $200 billion in imports last year. The department is also adding imported parts for automotive exhaust systems and electrical steel for electric vehicles, buses, air conditioners, refrigerators, freezers, and dryers to the new tariffs. The department was advised not to add the parts by foreign automakers, who said the U.S. cannot meet demand. Tesla crea...

Two Chinese citizens in California are charged with smuggling Nvidia AI chips into China.

The U.S. Justice Department announced Tuesday that two Chinese nationals were arrested in California and charged with illegally delivering Nvidia H100s and other AI chips worth tens of millions of dollars to China. According to a criminal complaint, Chuan Geng, 28, of Pasadena, and Shiwei Yang, 28, of El Monte, exported cutting-edge Nvidia chips and other technology to China between October 2022 and July 2025 without securing the necessary licenses from the U.S. Commerce Department. The complaint claims that Geng and Yang's El Monte-based business, ALX Solutions Inc., was established in 2022, just after the United States started requiring licenses for the chips and enacted broad export restrictions on technology to China. An Nvidia representative declined to comment. Shipping and freight forwarding firms in Singapore and Malaysia, which are frequently used as transshipment hubs for illicit goods to China, received more than 20 shipments from ALX Solutions. In January 2024, ALX rec...

Due to Russian oil purchases, Trump has threatened to increase tariffs on Indian goods.

On Monday, Donald Trump declared that he would significantly increase tariffs on Indian goods due to its purchases of Russian oil. New Delhi responded that it would take action to protect its interests and referred to the U.S. president's targeting of India as "unjustified." Following his announcement last Friday that the United States would impose a 25% tariff on goods imported from India, Trump said last week that Washington was still engaged in trade negotiations with the country. Following Russia's invasion of Ukraine in early 2022, the West, including the United States, has put pressure on India to sever ties with Moscow. Citing its historical ties to Russia and its economic needs, New Delhi has rejected that pressure, according to a new tab. In addition to purchasing enormous quantities of Russian oil, India is also making significant profits by selling a large portion of the oil on the open market. In a post on Truth Social, Trump stated, "They don't ...

Tesla authorizes Elon Musk, its CEO, to receive a $29 billion share award.

In an effort to retain the billionaire entrepreneur at the helm during a pivotal shift from its faltering core auto business to robotaxis and humanoid robots, Tesla (TSLA.O) has awarded CEO Elon Musk shares worth approximately $29 billion. The "interim award" of the 96 million new shares was characterized by the company as a first-step, "good faith" payment to honor Musk's 2018 compensation package, which was over $50 billion and overturned by a Delaware court last year. If Musk stays in a high-level executive position for two more years and the court does not reinstate the 2018 package that is currently being appealed, he is eligible to receive the new award. He can purchase the shares for $23.34 each, which is the same as the 2018 award's exercise price, and he must hold them for five years. At its annual investor meeting on November 6, Tesla will also vote on a longer-term CEO compensation plan. The goal of the move is to keep Musk, who is the public fa...

Supported by Peter Thiel, Bullish hopes for a US IPO valuation of up to $4.2 billion.

Exchange of cryptocurrency The company launched its roadshow to take advantage of the momentum created by digital assets in the face of regulatory clarity, and Bullish stated in a filing on Monday that it is aiming for a valuation of up to $4.23 billion in its US listing. Businesses that use cryptocurrency and associated technologies have embraced the Donald Trump administration's pro-crypto policies, like the GENIUS Act, which was recently passed and offers a preliminary stablecoin regulatory framework. With the help of one or more issuers of such tokens, Bullish, which is supported by billionaire Peter Thiel, intends to convert a sizeable amount of the IPO proceeds to stablecoins denominated in US dollars, the filing stated. Circle Internet, a significant stablecoin issuer, made a spectacular NYSE debut in June and is now trading at over 400% of its initial public offering price. Bullish is making its second attempt to go public in four years, offering 20.3 million shares at pric...

Meta will sell $2 billion worth of assets to split the cost of AI infrastructure.

In a filing on Thursday, Meta Platforms (META.O) revealed plans to sell $2 billion worth of data center assets as part of its ongoing efforts to find outside partners to help finance the enormous infrastructure required to power artificial intelligence. As they struggle with the skyrocketing cost of constructing and powering data centers to support generative AI, tech giants, who have historically been known for self-funding growth, are adopting a different approach. In order to help fund its significant capital expenditure for the upcoming year, the social media behemoth announced earlier this week that it was looking into ways to collaborate with financial partners to co-develop data centers. On a conference call following Wednesday's earnings, Meta Chief Finance Officer Susan Li stated, "We're looking into ways to collaborate with financial partners to co-develop data centers." According to Li, the company still anticipates funding a large portion of its capital ...

A Florida jury ordered Tesla to pay $243 million for the fatal Autopilot crash.

Elon Musk's electric vehicle company may face additional legal action after a Florida jury on Friday found Tesla (TSLA.O), opens new tab, liable to pay $243 million to victims of a fatal crash in 2019 involving a Model S equipped with Autopilot. For victims of Autopilot-related accidents, the verdict is an uncommon victory. Based on a more sophisticated version of its driver assistance software, Musk has been pushing for a quick expansion of Tesla's recently launched robotaxi business. Tesla's stock is down 25% so far this year after dropping 1.8% on Friday. According to a verdict sheet, jurors in a federal court in Miami granted the estate of Naibel Benavides Leon and her ex-boyfriend Dillon Angulo $129 million in compensatory damages and $200 million in punitive damages . 33% of the compensatory damages, or $42.6 million, were attributed to Tesla. Although George McGee, the driver, was not a defendant and will not be required to pay his share, jurors fou...