Investing.com -- U.S. President Donald Trump introduced a 25% tariff on most imports from Canada and Mexico and an increase from 10% to 20% on Chinese goods.China responded with additional tariffs of 10-15% on various U.S. agricultural imports, while Canada introduced new tariffs of its own. Meanwhile, Mexico postponed its announcement of retaliatory measures until Sunday, leaving room for possibl ...
Investing.com -- Bank of America analysts predict that humanoid robot (HR) development will accelerate rapidly, with global annual sales reaching 1 million units by 2030 and a staggering 3 billion humanoid robots in operation by 2060.In a report this week, BofA highlighted the increasing role of AI advancements, 3D perception technology, and declining hardware costs in driving HR adoption.&nb ...
By Rishabh Jaiswal(Reuters) -British billionaire Richard Branson’s Virgin Group aims to raise 700 million pounds ($900 million) to fund its plan to launch cross-channel rail services as it looks to compete with Eurostar, the company said on Sunday.Virgin, which used to operate intercity train services in Britain, plans to launch services that would connect London with Paris and Brussels. It woul ...
Investing.com -- The equity market has reacted to the latest U.S. tariff hike on Chinese goods with a 3% decline in MSCI China, in line with historical trends. UBS estimates that the additional 20% tariff would reduce aggregate earnings for affected Chinese firms by 0.3%, or 0.2% for the overall universe.Markets historically did not price in tariff hikes ahead of announcements, and future inc ...