Vietnam’s trade surplus with the US rose by nearly 30% in January compared to last year, driven by strong export growth, while imports from China reached a new peak, according to official data released on Friday.
US Vice President JD Vance announced a proposal to bring together US allies into a preferred trade bloc for critical minerals. This includes working together on pricing and trade policies as the US steps up efforts to reduce China’s influence over minerals critical to high-tech manufacturing and industry.
According to Reuters, an official confirmed that the final $200 million from the initial oil sale has been sent to Venezuela. This deal happened after US military forces captured Venezuelan President Nicolás Maduro on January 3.
Elon Musk is bringing his biggest businesses together by having his rocket company, SpaceX, acquire his artificial intelligence company, xAI. Together, these companies are worth $1.25 trillion, making them the most valuable private companies in the world. Musk named it “innovation engine”. His goal is to combine satellite internet, AI and rockets to do things that have never been done before.
French IT company Capgemini is selling its American branch, Capgemini Government Solutions, after it was caught helping the US government track down immigrants for deportation.
U.S. President Donald Trump and his two sons filed a billion-dollar lawsuit against the federal government for leaking information about their business and personal tax returns. The official complaint was filed in federal court in Miami, seeking $10 billion in return. The Trump family accused the Internal Revenue Service (IRS), the U.S. tax body, and the Treasury Department of failing to secure personal financial information from a contractor.
On Wednesday, Tesla announced that it will invest $2 billion in xAI, an artificial intelligence company owned by its CEO, Elon Musk. The company also said it plans to begin production of its Cybercab robotaxi later this year.
On Tuesday, President Donald Trump said that the United States and South Korea will work out a solution after his announcement that he would increase tariffs on imports from the asian ally to 25%
The US government has decided to invest $1.6 billion in an American company that works with rare earth minerals. This step is taken to reduce the china’s control over these minerals.
On thursday US President Trump said he has secured total and permanent access to Greenland through a deal with NATO. On the other hand, NATO chiefs said that all member countries need to increase security in the Arctic region because of growing threats from Russia and China.
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