Toyota warns of £7.1bn hit from Trump tariffs as it cuts profit forecast Japanese carmaker cuts operating profit guidance by 16% day after rival Honda reported 50% drop in profits The Guardian - UK · Aug 7, 2025
Paul Krugman Slams Donald Trump For Calling Jobs Report 'Rigged,' Says 'Every Accusation Is A Confession' President Donald Trump's reaction to the latest jobs report, which showed a significant slowdown in hiring, has been met with sharp criticism from Nobel Prize-winning economist Paul Krugman. Benzinga · Aug 7, 2025
Trump declares 100% computer chip tariff unless firms build in the US The announcement comes more than three months after Trump temporarily exempted most electronics from his administration's most onerous tariffs. Euronews · Aug 7, 2025
Trump Calls Elon Musk A 'Good Person' Amid Backlash Over The Tesla CEO's Politics President Donald Trump has defended Tesla Inc. (NASDAQ:TSLA) CEO Elon Musk amid backlash over the billionaire's political activities. Benzinga · Aug 7, 2025
Conditions for Zelenskyy meeting are nowhere near met, says Putin – as it happened Russian president says Trump talks could take place as early as next week and the UAE could host The Guardian - UK · Aug 7, 2025
Trump Administration Orders US Diplomats To Oppose EU's Digital Services Act: Report The Trump administration has reportedly directed U.S. diplomats in Europe to launch a lobbying effort opposing the European Union’s (EU) Digital Services Act (DSA), citing concerns about free speech and potential financial harm to American tech firms. Benzinga · Aug 7, 2025
Trump claims ‘billions of dollars’ now flowing into US after president’s new tariffs come into effect More than 90 countries have been slapped with new rates as President Trump reignites his trade war The Independent UK · Aug 7, 2025
Two Teens Arrested After Brutal Attack On Trump's Ex-DOGE Staffer, Charged With Carjacking A violent attempted carjacking in Washington, D.C., has reignited national debate over juvenile crime laws after a former Trump administration staffer was severely beaten while defending a woman. Benzinga · Aug 7, 2025
McDonald's Says Trump Tariffs Creating 'Lot Of Anxiety And Unease' For Low-Income Consumers, Lowers Margin Target For 2025 McDonald’s Corp.‘s (NYSE:MCD) CEO Chris Kemczynski warned that a “lot of anxiety and unease” is affecting low-income consumers, speculating that rising tariffs could be a contributing factor, as the company revised its margin outlook for the year. Benzinga · Aug 7, 2025
US Tariffs Prompt Toyota Profit Warning US tariffs prompted Japanese auto giant Toyota on Thursday to cut its annual net profit forecast by 14 percent. International Business Times · Aug 7, 2025
Afternoon Update: Labor casts doubt over US deporting Iranian to Australia; Kathleen Folbigg compensated; and an interstellar jellyfish US immigration authorities threaten to deport Reza Zavvar, 52, to Australia or Romania despite him having no links to either country The Guardian - AU · Aug 7, 2025
Epstein Victim Breaks Down Over Trump’s Stance on Maxwell Pardon Decision Alicia Arden, one of Jeffrey Epstein’s sexual abuse victims, was brought to tears during a recent press conference after President Donald Trump declined to The Fashion Central · Aug 7, 2025
Donald Trump and Vladimir Putin to meet 'in coming days' as US piles pressure on Russia to end Ukraine war The US President says there’s also a ‘good chance’ a summit involving Putin and Zelensky will happen soon Evening Standard · Aug 7, 2025
Another Bank of England rate cut this year less likely given inflation fears and split vote – as it happened Monetary Policy Committee has cut UK interest rates today, in a deeply split decision, but City pricing suggests another cut in 2025 is no longer fully priced in The Guardian - UK · Aug 7, 2025
The Independent UK · Aug 7, 2025 India police bust racket of fake life-saving drugs under label of top brands The counterfeit drug ring operated through an extensive network spanning multiple Indian states
Radio France Internationale · Aug 7, 2025 South Africa braces for heavy job losses as stiff US tariffs take hold As sweeping new US tariffs take effect on Thursday, dozens of countries are facing sharp new duties on their exports. South Africa is among the hardest hit, with key goods now subject to a 30 percent tariff and up to 100,000 jobs on the line.
The Independent UK · Aug 7, 2025 Toyota reports a 37% drop in profit, cuts its forecast due to Trump's tariffs Toyota has reported its profit plunged 37% in the April-June quarter and it lowered its full year earnings forecasts, largely because of President Donald Trump’s tariffs
Benzinga · Aug 7, 2025 Trump Backs FBI Intervention As Texas Republicans Hunt Democrats Amid Quorum Crisis Texas Republicans are escalating their efforts to apprehend Democratic lawmakers who fled the state to block a controversial redistricting plan that could hand the GOP five additional seats in Congress.
The Independent UK · Aug 7, 2025 Asian shares mostly climb after a rally for Apple led Wall Street higher Asian shares are mostly higher after a rally for Apple led Wall Street gains
The Independent UK · Aug 7, 2025 Trump’s new import tariffs now in force against scores of countries as trade war escalates The U.S. president has imposed tariffs as high as 50 percent after claiming other countries are ‘taking advantage’
The Independent UK · Aug 7, 2025 India hits back at Trump over ‘unfair’ 50% tariffs India says it will take all necessary measures to safeguard its national interests and economic security
Benzinga · Aug 7, 2025 Trump May End Up Exposing US Consumers As 'Paper Tigers,' Says Economist Peter Schiff On 50% India Tariffs Economist Peter Schiff warned Tuesday that President Donald Trump's decision to double tariffs on Indian imports to 50% could "expose the U.S. consumer as a paper tiger," predicting a dollar crash that would "impoverish Americans but enrich foreign consumers, particularly the BRICs."
The Independent UK · Aug 7, 2025 Sony raises its profit forecast after saying it expects less damage from Trump's tariffs Japanese entertainment and electronics company Sony says its profit surged 23% in the last quarter from the year before, as damage from U.S. President Donald Trump’s tariffs was less than it had expected
The Guardian - AU · Aug 7, 2025 Former Superman actor Dean Cain reveals he’s becoming an Ice agent to support Trump’s mass deportation agenda The actor will be sworn in ‘ASAP’ amid the federal agency’s recruitment drive and unprecedented immigration raids that have sparked protest across the US
Benzinga · Aug 7, 2025 Apple, Nvidia Supplier TSMC Surges Nearly 5% In Overnight Trade As Taipei Says Chip Giant 'Exempt' From Trump's 100% Chip Tariffs Taiwan Semiconductor Manufacturing Co. Ltd. (NYSE:TSM) jumped 4.68% to $242.19 in overnight trade following confirmation from Taiwanese officials that the world’s largest contract chipmaker is exempt from President Donald Trump‘s proposed 100% tariffs on semiconductor chips.