Businesses continue to face legal uncertainty despite court ruling on tariffs Economics When the US Supreme Court handed down a landmark judgment against President Donald Trump’s tariffs last week the ruling sent shockwaves across the world, raising questions about what is next for businesses. On Friday, the Supreme Court, which has a 6-3 Conservative majority, struck down the tariffs, which could pose major financial consequences for the [...]
Nvidia hit by US chip curbs as trade war escalates Tech Nvidia shares slid sharply on Wednesday after the chip giant revealed that newly tightened US export restrictions on its China-bound AI chips could cost it up to $5.5bn this quarter. The move, part of an escalating series of trade and technology curbs between Washington and Beijing, has rattled markets already on edge over tariff uncertainty [...]
Oil engineer Hunting says Trump tariff impact will be ‘immaterial’ Business North Sea engineer Hunting said it expects the impact of US tariffs on the business to be “immaterial” as it reported quarterly trading in line with expectations. The London-listed firm cautioned its forecast was before taking into account “any indirect impact” of commodity pricing on the global economy. Hunting Titan, which builds perforating gun systems, [...]