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09.07.25 - 19:30
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Trump Reveals New Batch of Tariffs From Iraq to Philippines (Bloomberg)
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US President Donald Trump unveiled a new round of tariff demand letters on Wednesday with levies set to hit in August on imported goods from partners who fail to reach agreements with the US.
Trump said he would levy a 30% rate on Algeria, Libya, Iraq and Sri Lanka, with 25% duties on products from Brunei and Moldova and a 20% rate on goods from the Philippines. The levies were largely in line with rates Trump had initially announced in April, though Iraq's duties are down from 39% and Sri Lanka's reduced from 44%.
Trump began notifying trading partners of new rates on Monday ahead of a deadline this week for countries to wrap up negotiations with his administration and posted to social media that he planned to release “a minimum of 7” letters on Wednesday morning, with additional rates to be posted in the afternoon. Brett Bruen, President and CEO of Global Situation Room joins to discuss. (Source: Bloomberg)...
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02.07.25 - 08:24
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Alibaba Cloud expands AI footprint with data centres in Malaysia, Philippines (SCMP)
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Alibaba Cloud, the cloud computing services and artificial intelligence (AI) arm of Alibaba Group Holding, unveiled plans to launch new data centres in Malaysia and the Philippines, as it expands infrastructure investments to meet the growing demand for AI in the region.
In a statement on Tuesday marking a decade of operations in Singapore, Alibaba Cloud said it had launched its third data centre in Malaysia, and planned to open a second one in the Philippines in October this year. The latest......
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