Business

Bessent defends Trump’s tariffs against claims they harm US businesses

Treasury Secretary Scott Bessent downplayed claims on Sunday that tariffs were harming American businesses and consumers, arguing that any short-term costs were outweighed by long-term benefits to U.S. competitiveness. Bessent argued that President Donald Trump’s economic agenda has only been in effect for “a couple of months” and that the…

Microsoft cloud service impacted in Middle East due to damaged fibers in Red Sea

Microsoft’s cloud service is suffering disruptions due to undersea fiber optic cable cuts in the Red Sea, the company announced Saturday. Microsoft’s Azure is the second largest cloud services provider in the world, following Amazon’s AWS. The company warned that users may experience higher latency when data traffic is sent…

New South Korea law seen shielding China, targeting US tech, risking trade clash

President Donald Trump’s efforts to finalize a comprehensive trade agreement with South Korean President Lee Jae-myung may be upended by forthcoming South Korean digital trade legislation that is said to target U.S. tech companies. Following his Aug. 25 meeting with Lee, Trump announced on Truth Social that he would “stand…

Powerball tickets sold in Missouri and Texas win .79B jackpot

Two tickets in Texas and Missouri matched the winning numbers drawn Saturday night for the Powerball’s $1.79 billion jackpot. The grand prize, which is the second-largest in game history, has an estimated cash value of $820.6 million, according to the lottery. The two winners will split the money.The largest U.S.…

Powerball tickets sold in Missouri and Texas win .79B jackpot

The Powerball’s $1.79 billion jackpot, which has an estimated cash value of $820.6 million, was won on Saturday after tickets in Missouri and Texas matched the winning numbers. Experts say those who win the jackpot will need a team of professionals – from a CPA to a lawyer and wealth…

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