Economy

Trump signed an executive order imposing a 25% tariff on imports from India, related to Russian oil, as part of a strategy to pressure countries trading with Russia.

Tim Cook stated that Apple is ready to invest more to catch up with competitors in AI by building new data centers or acquiring larger players in the field.

Turkey has launched a gas pipeline to supply Azerbaijani gas to Syria, aiming to restore electricity after the fall of Bashar al-Assad’s regime.

Kazakhstan and Turkey discussed the possibility of increasing oil exports through the Baku-Tbilisi-Ceyhan pipeline.

Open banking has been introduced in Ukraine, allowing the sharing of banking information with third parties. Find out how it will impact the financial market in our latest article.

In June 2023, Saudi Arabia became the largest importer of Russian fuel oil and gas oil following the EU’s embargo, according to Baltimore Chronicle.

Oil prices increased following positive trade negotiations news between the U.S. and Japan, but geopolitical factors such as the Ukraine war and sanctions maintain market tension.

The U.S. and Japan agreed to cut import tariffs to 15% on vehicles and other goods. The deal could set a precedent for future U.S. trade negotiations.

Russia’s wheat exports to China crashed 19-fold in six months. In June, China didn’t import a single kilogram of Russian wheat. One of Moscow’s key markets is slipping away.

Nvidia informed Chinese clients of limited H20 AI chip supplies allowed for export and announced the development of a new RTX Pro GPU.