US inflation hits new three-year high amid energy price surge
Trump appeared to embrace the data saying, ‘I love the inflation’, and that prices will drop once the Iran war is over.
![Amazon’s stock is surging on the news of the new deal. As of 11:15 AM in New York (16:15 GMT) it is up by 4.7 percent [File: Kim Kyung-Hoon / Reuters]](/wp-content/uploads/2025/11/2025-10-29T100037Z_48089949_RC2UMCA4Q61F_RTRMADP_3_MICROSOFT-OPENAI-ALTMAN-1762187105.jpg?resize=770%2C513&quality=80)
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US cites forced labour concerns as grounds for new tariffs
USTR’s proposal comes from a Section 301 unfair trade practices investigation designed to help rebuild Trump’s tariffs.
Japan’s stock market hits new record as AI boom gathers steam
Benchmark Nikkei 225 tops 68,000 for first time as AI-driven buying frenzy shows no signs of slowing down.
AI giant Anthropic files for US IPO as investors bet big on AI future
Anthropic, which operates AI chatbot Claude, did not disclose the size or the terms of the offering.
South Korea’s SK Hynix enters exclusive $1 trillion club
Chipmaker becomes second South Korean company in history to hit milestone.
US inflation surges to three-year high amid tensions with Iran
Heightened petrol prices led the inflationary pressures, with prices that jumped 5.5 percent in April.
US picks potential partners for using Cold War-era plutonium as fuel
Trump gov’t plans to make about 20 tonnes of plutonium from dismantled nuclear warheads available to US power firms.
Albert Manifold ousted as BP chair over governance and conduct concerns
BP stock falls by over 4 percent in US and UK markets as governance concerns lead to chairman Albert Manifold’s removal.
EXPLAINER
Why the SpaceX IPO is the talk of Wall Street and beyond
Elon Musk’s rocket company is expected to make the biggest public debut in history.
Oil prices fall amid mixed signals on US-Iran peace deal
Japan’s stock market surges to record high on hopes of an end to US-Israel war on Iran.
Kevin Warsh sworn in as new US Fed chair
Warsh will lead the central bank at a time when its independence has come under scrutiny amid political pressure.
