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Trump says he is raising tariffs on certain South Korean imports to 25%
Reuters· 2026-01-26 22:09
Core Viewpoint - President Donald Trump announced an increase in tariffs on South Korean imports related to autos, lumber, and pharmaceuticals to 25%, citing the South Korean legislature's failure to adhere to the trade agreement with the United States [1] Group 1: Tariff Details - The tariffs on South Korean imports will rise to 25% [1] - The affected sectors include autos, lumber, and pharmaceuticals [1] Group 2: Trade Agreement Context - The increase in tariffs is framed as a response to South Korea's legislature "not living up" to its trade deal obligations with the United States [1]
Texas governor bars state employees from using Alibaba, Temu products
Reuters· 2026-01-26 21:21
Texas will bar its employees from using Alibaba, Temu and TP-Link hardware and software, the governor said in a statement, saying his state made the decision to protect the "privacy of Texans" from th... ...
Trump Administration proposes keeping steady Medicare rates paid to insurers, WSJ reports
Reuters· 2026-01-26 21:20
The Trump Administration is proposing to keep Medicare payments to insurers roughly steady next year, the Wall Street Journal reported on Monday, noting the plan includes an average rate increase of j... ...
Flood in Vale mining pit causes environmental damage to local Brazilian river
Reuters· 2026-01-26 21:10
Overflowing water from a mining pit owned by Brazil's miner Vale caused environmental damage as it reached the local Maranhao River, Minas Gerais state government said in a Monday statement. ...
Nike to cut 775 jobs in US distribution centers, CNBC reports
Reuters· 2026-01-26 21:04
Nike is laying off 775 employees in a bid to boost profits and accelerate its use of automation, CNBC reported on Monday, citing people familiar with the matter. ...
US business borrowing for equipment rises over 5% in December, ELFA says
Reuters· 2026-01-26 20:10
U.S. companies borrowed 5.9% more to finance equipment purchases in December than a year earlier, reaching the second-highest level ever, the Equipment Leasing and Finance Association said on Monday. ...
Nvidia unveils AI models for faster, cheaper weather forecasts
Reuters· 2026-01-26 19:44
Core Insights - Nvidia has launched three open-source artificial intelligence models designed to enhance the accuracy and speed of weather forecasting [1] Group 1 - The new AI models aim to improve the quality of weather predictions [1] - These models are part of Nvidia's broader strategy to leverage AI technology in various sectors, including meteorology [1] - The initiative reflects the growing importance of AI in addressing complex challenges in weather forecasting [1]
Trump administration takes first step toward offering new offshore oil drilling leases in California
Reuters· 2026-01-26 18:46
The Trump administration on Monday invited the oil and gas industry to nominate areas for a potential sale of offshore oil and gas leases in Southern and Central California to be held as soon as next ... ...
VinFast teams up with Autobrains to develop low-cost self-driving tech
Reuters· 2026-01-26 18:07
Core Insights - VinFast has partnered with AI firm Autobrains to develop advanced autonomous driving technology, which includes a low-cost "Robo-car" system, potentially enhancing the Vietnamese automotive market [1] Company Developments - The collaboration aims to leverage Autobrains' expertise in AI to create innovative solutions for autonomous driving [1] - The introduction of a low-cost "Robo-car" system could make autonomous vehicles more accessible to a broader audience [1] Industry Impact - This partnership signifies a strategic move for VinFast to position itself in the competitive autonomous vehicle sector [1] - The development of advanced autonomous driving technology may contribute to the growth of the Vietnamese automotive industry, aligning with global trends towards automation and smart mobility [1]
Baker Hughes sees significant revenue opportunity in Venezuela
Reuters· 2026-01-26 17:51
Core Insights - Baker Hughes identifies significant revenue opportunities in Venezuela, emphasizing the importance of safety and employee conditions, as well as clarity on legal and regulatory frameworks for operations [1] Summary by Categories - **Revenue Opportunities** - Baker Hughes sees a substantial potential for revenue generation in Venezuela [1] - **Operational Considerations** - Key considerations for operating in Venezuela include ensuring safety and favorable conditions for employees [1] - Clarity on legal and regulatory frameworks is crucial for successful operations in the region [1]