EU freezes trade deals with Trump following new tariffs
The European Union has frozen talks on a United States trade deal following U.S. President Donald Trump’s latest tariff hike. This follows Trump's retaliation to the Supreme Court striking down his global tariff policies by introducing a new universal 10% levy under a different legal framework. He also increased the global tariff rate to 15%, the legal maximum, which can be in place for 150
Trump threatens new tariffs on countries pausing deals
United States President Donald Trump has said the U.S. will impose even higher tariffs on countries that seek to exit trade deals they set out before the Supreme Court struck down many of Trump’s tariff policies. The Supreme Court ruled on Friday (Saturday AEDT) that the tariffs Trump added under the International Emergency Economic Powers Act were unlawful, as only Congress holds the power to
Amazon plans US$12bn data centre investment
Amazon.com Inc has begun to detail some of the capital investment, which has unnerved investors by announcing it will spend US$12 billion (A$17 billion) in Louisiana to build data centre campuses to support cloud computing technologies. The global technology giant said the investment was expected to create 540 full-time jobs and support 1,710 additional full-time equivalent positions in the com
Novo Nordisk obesity drug falls short of rival Eli Lilly
Novo Nordisk's stock has fallen by over 15% after its new obesity drug fell short of rival Eli Lilly. Those treated with a dose of Novo Nordisk’s CagriSema in a trial achieved 20.2% weight loss after 84 weeks, compared to 23.6% for Eli Lilly’s tirzepatide. This meant that Novo Nordisk did not meet the primary endpoint of showing non-inferiority to tirzepatide, causing its stocks to plummet o
US tech rout widens door for ASX outperformance: Oliver
If the Australian share market were a Melbourne Cup starter, you wouldn’t - based on previous form - put an each-way bet on it to be a top-three finisher. Let’s not be coy, the ASX200 has struggled in recent years relative to its global peers. As of February 2026, the main board of the Australian bourse has risen around 35.21% since February 2021, while the U.S. S&P 500 surged 79.41%, and Japan
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