South Korea’s stock market soars as Samsung union calls off planned strike
Benchmark KOSPI rises more than 8 percent following deal to avert strike at top memory chip maker.
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ANALYSIS
‘The world is sounding an alarm’: Why big tech is the new colonist
Power is no longer exercised through military force alone, but via technology, finance and control over information.
EDITOR'S ANALYSIS
US-China summit: Why Beijing may have the advantage
Trade between the two countries has suffered since Trump came into office even as China’s exports have hit new highs.
EBay rejects GameStop’s $56bn bid as ‘neither credible nor attractive’
CEO Cohen, who has built a 5 percent position in eBay, has hinted he may take offer directly to eBay shareholders.
US moves to release more oil stockpiles under IEA agreement
US Department of Energy moves to transfer 53.3 million barrels amid rising oil prices.
Oil prices jump as US, Iran trade fire in Strait of Hormuz
Brent crude rises amid clashes in critical waterway.
US trade court rules against Trump’s 10 percent global tariffs
The court ruled in favour of small businesses that challenged the tariffs that took place in February.
![Shipping containers are seen at the port of Oakland, California [File: Carlos Barria/Reuters]](https://www.aljazeera.com/wp-content/uploads/2025/10/2025-05-12T163923Z_241304327_RC2FGEAHM0QA_RTRMADP_3_USA-TRUMP-TARIFFS-1760366950.jpg?resize=770%2C513&quality=80)
From: This is America
US borrowing exceeds GDP: What does it mean for the economy?
US debt now tops GDP at $39T, raising interest costs and concerns over market confidence.
Published On 7 May 2026
EXPLAINER
US plans to hike tariffs on EU cars to 25% will hit luxury market the most
US says it will hike tariffs to 25% because the EU has not complied with trade deal last year that set tariffs at 15%.
Microsoft, Google, xAI give US access to AI models for security testing
The deal comes days after the Pentagon announces an agreement with seven tech giants to use AI in classified systems
Oil prices surge as violence flares in Strait of Hormuz
Brent crude rises nearly 6 percent as soaring tensions in waterway push ceasefire to the brink.
