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The Latest Breaking News from International Business Times

Ordinary Chinese Stoic In The Face Of Escalating US Trade War

After China announced retaliatory tariffs against the United States, walkers along Shanghai's waterfront were stoic Tuesday in face of both the cold and the prospect of an escalating trade war.

International Business Times

Pepsico Stock Takes A Hit As Demand For Snacks And Drinks Shrinks

Pepsico says people in North America bought less of its drinks and snacks in the past quarter.

International Business Times

Scottish Whisky Makers Fear Return Of Trump Tariffs

At the end of a wild peninsula battered by winds in west Scotland is a zero-carbon whisky distillery that's bracing for the possible return of US tariffs.

International Business Times

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AI Regulation Around The World

Countries and economic blocs around the world are at different stages of regulating artificial intelligence, from a relative "Wild West" in the United States to highly complex rules in the European Union.

International Business Times

$XRP, Altcoins, AI Tokens Outperform Bitcoin In Crypto Market Recovery Gains

Altcoins were outperforming Bitcoin early Tuesday after the weekend bloodbath that saw over $2 billion wiped out from the crypto market.

International Business Times

Myanmar Junta Bans Possible Conscripts From Foreign Travel

Myanmar's embattled junta has banned anyone eligible for military conscription from leaving the country without permission, as it seeks to shore up its forces fighting rebel groups opposed to its rule.

International Business Times

Treasury Faces Legal Challenge Over Data-Sharing Deal With Musk's DOGE

The lawsuit, filed in federal court in Washington, followed reports that Treasury Secretary Scott Bessent authorized the data-sharing arrangement with Elon Musk-led DOGE, last weekend.

International Business Times

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US Sovereign Wealth Fund: Will It Hold Crypto? Trump's Ally Lummis Drops Big Hint

Sen. Cynthia Lummis of Wyoming fueled talks in the crypto community about the U.S. sovereign wealth fund potentially holding Bitcoin after she posted on X using the top cryptocurrency's symbol.

International Business Times

Tequila Maker Diageo Axes Sales Target On Trump Tariffs

Diageo, the maker of Guinness stout and Johnnie Walker whisky, scrapped Tuesday a key performance target with President Donald Trump's tariff plans set to sour its US sales of tequila and Canadian spirits.

International Business Times

Where Things Stand In China-US Trade Tensions

China has made good on its threats to retaliate in the escalating trade war with the United States, imposing tariffs on American imports of energy, cars and machinery parts.

International Business Times

Japan's Olympic Pool-sized Sinkhole Highlights Risk Of Old Pipes

A massive sinkhole near Tokyo that swallowed a truck and its driver a week ago, and has filled with sewage and debris, highlights the risk posed by Japan's ageing pipes.

International Business Times

Japan PM To Meet Trump On Feb 6-8 US Trip

Japan's Prime Minister Shigeru Ishiba will meet President Donald Trump on a visit to the United States this week, top government spokesman Yoshimasa Hayashi said on Tuesday.

International Business Times

Palantir Soars 22% After Beating Q4 Estimates And Raising Sales Outlook, Cites AI Growth

The Denver-based software platforms company reported a revenue of $828 million, even as LSEG-polled analysts projected only $776 million.

International Business Times

UBS Profit Beats Forecast As Credit Suisse Merger Nears End

Switzerland's biggest bank posted a net profit of $770 million for the last three months of 2024, compared with a $279 million loss in the same period a year earlier as it wrestled with the weight of integrating its closest domestic rival.

International Business Times

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International Business Times

China Says To Probe Google Over Anti-monopoly Violations

Beijing's State Administration for Market Regulation said the US tech giant was "suspected of violating the Anti-Monopoly Law of the People's Republic of China".

International Business Times

Rubio Secures Unprecedented Deal With El Salvador To House Criminals Deported From US

U.S. Secretary of State Marco Rubio confirmed that the deal includes an offer from Bukele to house dangerous criminals who are American citizens or legal residents, within Salvadoran prisons.

International Business Times

Nintendo Cuts Net Profit Forecast As Switch Sales Slow

Japanese video game giant Nintendo on Tuesday cut its annual net profit forecast after hardware and software sales for its Switch console fell in the first three quarters.

International Business Times

Trump To Defund Department Of Education; DOGE Crackdown Puts Many Employees on Leave

The draft order acknowledges that only Congress has the power to shut down the department, so it directs the agency to start reducing its size. The official said the public announcement may happen later this month.

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International Business Times

'President Musk' Trends On X Amid USAID 'Shutdown,' Democratic Backlash Against 'Unelected Billionaire'

Elon Musk is under fire on his own social media platform following his calls for humanitarian aid agency USAID's shutdown, and Democrats are calling him a "terrible president."

International Business Times

Frenchman On Death Row In Indonesia To Return Home

A Frenchman on death row in Indonesia since 2007 for drug offences will be returned to his home country on Tuesday, where he hopes to be granted his freedom.

International Business Times

Eric Trump Pumps Ethereum, Draws Flak From Bitcoin Maxis As WLFI Moves Millions In $ETH

Eric Trump promoted Ethereum on X Monday, drawing criticism from prominent Bitcoin maximalists hours after World Liberty Financial, the DeFi project that the Trump family is closely involved in, moved over $100 million worth of $ETH to Coinbase.

International Business Times

DR Congo, Rwanda Leaders To Join Summit On Crisis In War-torn East

DRC President Felix Tshisekedi and Rwandan President Paul Kagame will attend a summit on Saturday as a Rwanda-backed armed group advances in the eastern Democratic Republic of Congo.

International Business Times

OpenAI Chief Altman Inks Deal With S. Korea's Kakao After DeepSeek Upset

OpenAI chief Sam Altman inked a deal with tech giant Kakao in South Korea on Tuesday as the US firm seeks new alliances after Chinese rival DeepSeek shook the global AI industry.

International Business Times

Syria Leader Heads To Turkey To Discuss Rebuilding, Kurds

Syria's interim president Ahmed al-Sharaa visits Ankara on Tuesday for talks with Turkey's leaders on rebuilding his land and the volatile issue of Kurdish fighters near the countries' border.

International Business Times

How China Could Respond To Trump's New Tariffs

From retaliatory tariffs on US goods like car parts and soy beans to controls on raw minerals essential for American manufacturing -- analysts say China has plenty of options if it wants to reply to fresh US levies.

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