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Cuban currency hits record low as dollarization gains ground

By Marc Frank HAVANA -The Cuban peso traded on the informal market at an all-time low of 400 to the dollar on Monday, as the partial dollarization of the state-dominated economy gained momentum, stoking social tensions amid scarcity of basic goods, runaway inflation, and deteriorating ...
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Trump says gold will not face tariffs

WASHINGTON (Reuters) -U.S. President Donald Trump on Monday said gold would not be subject to tariffs, but gave no other details. “Gold will not be Tariffed!” Trump said in a statement posted on his social media account and attributed to the president. (Reporting by Jasper ...
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Brazil-US meeting canceled amid tariff dispute, says finance minister

SAO PAULO (Reuters) -Brazil Finance Minister Fernando Haddad said on Monday that his virtual meeting with U.S. Treasury Secretary Scott Bessent had been canceled after initially being scheduled for Wednesday. That was a setback for the Brazilian government, which had hoped to use the meeting ...
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What to know about the Trump administration’s deal with AI chipmakers

(WASHINGTON) -- AI chipmakers Nvidia and Advanced Micro Devices struck an extraordinary accord to pay the United States government 15% of the revenue the two companies are set to make from products sold in China, a White House official confirmed to ABC News.In exchange ...
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Prince Harry, Meghan and Netflix extend partnership for streaming programs

LOS ANGELES (AP) — Prince Harry and Meghan have extended their partnership with Netflix and their media company, Archewell Productions, with a multiyear, first-look deal, the couple announced Monday. Archewell began collaborating with the streaming giant in 2020 and have produced a handful of ...
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Norway’s sovereign wealth fund sells its shares in 11 Israeli companies

OSLO, Norway (AP) — Norway’s sovereign wealth fund has sold its shares in 11 Israeli companies, its managers said Monday, a move they said reduces its holdings in the country against the backdrop of the “serious humanitarian crisis” in Gaza. The management of the fund, ...
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Brazil egg exports to US spike after bird flu, ahead of tariff

SAO PAULO (Reuters) -Brazilian total egg exports, including fresh and processed products, rose almost 305% to 5,259 metric tons in July, reflecting strong demand from the United States after its bird flu outbreak, according to data compiled by industry group ABPA on Monday. The U.S. ...
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Trump suggests he may not allow sales of advanced Nvidia chip in China

WASHINGTON (Reuters) -U.S. President Donald Trump suggested on Monday that he would not make a deal with American AI chip giant Nvidia, led by CEO Jensen Huang, to allow for sales of a next-generation advanced GPU in China, but stopped short of ruling it ...
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Nvidia, AMD to pay 15% of China chip sale revenue to U.S. government

NEW YORK (AP) — Nvidia and AMD agreed to share 15% of their revenues from chip sales to China with the U.S. government, a U.S. government official has confirmed. President Donald Trump’s administration halted the sale of advanced computer chips to China back in April ...
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Analysis-Inflation data to draw scrutiny after BLS firing, $2.1-trillion TIPS market at risk

By Anirban Sen and Carolina Mandl NEW YORK (Reuters) -Monthly U.S. inflation data is under increased scrutiny after President Donald Trump removed the head of the U.S. Bureau of Labor Statistics, a move that could undermine confidence in the $2.1-trillion market for Treasury debt designed ...
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Adidas apologises for sandal appropriating Indigenous Mexican design

LONDON (Reuters) -Adidas has formally apologised after Mexico President Claudia Sheinbaum criticised the sportswear brand over a shoe that replicated traditional Indigenous huarache sandals without attributing the design or crediting artisans. The misstep comes shortly after Prada triggered a widespread backlash in India when its ...
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Emerging countries’ debt payments to private lenders dwarf those to China

By Libby George (Reuters) -Lower-income countries’ external debt payments to private lenders remain three times higher than payments to China, research shows, shedding light on the complex, costly web of creditors they face as they struggle to keep up repayments. The research, by advocacy group ...
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