United States

US cuts tariffs to boost investment in industrial economy

Import taxes on farm and construction equipment are set to drop to 15% from 25%

Luxury brands, such as LVMH, Moncler and Gucci, have been quick to respond to the new crop of wealthy shoppers in the US enriched by the AI and tech boom.

Luxury brands seek to lure America’s AI super-rich

Surging stock markets boost US luxury spending; top fashion houses stage fashion shows in New York and Los Angeles

Citron Research founder Andrew Left was convicted on 13 of the 17 counts on Jun 1 after a three-week trial in Los Angeles.

Prominent short seller Andrew Left found guilty of securities fraud in US

He was accused of using tweets about companies to illegally influence their shares and make a quick profit

Travellers in the Delta Sky Club lounge at John F Kennedy International Airport in New York. Delta Air Lines has spent years courting well-heeled customers with perks like luxurious airport lounges.

How Delta Air steered around airline industry chaos

The carrier has become the most profitable in the US by catering to affluent travellers, but it is facing stiffer competition from United

San Francisco’s new tech frenzy is reigniting home bidding wars and sending prices soaring in a city that just a few years ago was mired in post-pandemic malaise.

Rent spikes in San Francisco are topping all other US cities on AI boom

A new wave of wealth is driving fierce competition for housing, while also deepening economic divides

The new guidance does not change anything for Nvidia, a company official says.

US takes step to halt Nvidia AI chip shipments to Chinese firms outside China

[NEW YORK] The US Department of Commerce on Sunday (May 31) moved to close a potential loophole that may have led companies to export the world’s most advanced chips – like Nvidia’s most sophisticated...

Delegates attending the 23rd Shangri-La Dialogue on May 30.
SHANGRI-LA DIALOGUE 2026

Commentary: The US says ships and submarines trump summits. South-east Asia politely says ‘no’

“(Peace) requires defence, yes, but it also requires prevention,” says the Timor-Leste president

The increase in transits through Hormuz could signal that more shipping companies are willing to make the journey.

Strait of Hormuz ship transits are rising thanks to US help

Some of the ships that have crossed belong to companies that had not transited Hormuz since the war began

Trump’s changes were potentially intended to speed up the process by putting pressure on Iran to accept the framework.

Trump sends tougher terms to Iran for framework to end war, US officials say

He has been concerned about parts of the potential deal that would include unfreezing funds for the Iranians