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Trump raises US tariffs on South Korea imports to 25%
US President Donald Trump has announced he is raising tariffs on South Korean imports to 25% after accusing Seoul of “not living up” to a trade deal reached last year. In a post on social media, Trump said he would increase levies on South Korea from 15% across a range of products including automobiles, lumber,…
Walmart chief Doug McMillon retiring after more than a decade
Walmart chief executive Doug McMillon will retire from his post in January, handing over the reins to a longtime deputy. The 59-year-old is stepping down after more than a decade at the helm of the world’s largest retailer, a period when it successfully expanded its online operations, while scaling back riskier international units. He will…
EU steel tariff hike threatens ‘biggest crisis’ for UK industry
The EU has announced plans to hike tariffs on imported steel in a move the UK’s steel industry has said could be “perhaps the biggest crisis” it has ever faced. The commission has set out plans to cut the amount of steel that can be imported into the bloc by half – beyond which the…
ChatGPT-maker OpenAI releases web browser to rival Google
ChatGPT-maker OpenAI has unveiled an artificial intelligence-powered web browser to challenge competitors like Google, which operates Chrome, the most popular browser in the world. ChatGPT Atlas does away with the address bar that is a key feature in search, with boss Sam Altman saying it was “built around ChatGPT” as the company made the new…
Starbucks workers and unions in 10 countries to protest in support of US baristas
Starbucks workers and union members in England, Scotland and eight other countries are set to protest on Wednesday in support of striking US employees, the company’s US union told the BBC. Starbucks Workers United last month launched a strike, which the union said has expanded to 3,000 baristas in more than 100 US cities. Workers…
