Author: Wealth Magazine

A historic immigration raid at a Hyundai facility in Georgia will postpone its opening by at least two months. The company confirmed the delay after hundreds of foreign workers were detained. raid escalates diplomatic tension The raid has intensified friction between Washington and Seoul. Many of the detained workers were South Korean nationals. President Yoon warned the crackdown could discourage foreign investment in the United States. South Korean officials said the workers were sent temporarily to help launch the new plant. Hyundai chief executive José Muñoz told American media the raid will delay operations by two to three months because…

US pharmaceutical giant Merck has cancelled its planned £1bn UK expansion. The company said the government is failing to provide enough support for the life sciences industry. The multinational, known in Europe as MSD, will relocate research to the US and cut jobs in Britain. Executives accused successive governments of undervaluing vaccines and innovative medicines. Industry experts warned the move could discourage other global firms from investing in the UK. Government defends investment but admits gaps A government spokesperson defended spending on science and research but acknowledged more work is needed. Officials highlighted recent initiatives while recognising growing international competition.…

Law enforcement agencies are intensifying their search for the suspect who shot public figure Charlie Kirk during an event at Utah Valley University. Despite coordinated efforts by federal, state, and local officers, the attacker remains at large, and investigators are urging the public to share any information that could help locate the individual. Orem Mayor David Young confirmed that several agencies are actively involved in the investigation. He stated that the suspect has not yet been caught and stressed that authorities are treating the case as a top priority. The FBI has also set up a digital tip line where…

Apple has officially revealed its iPhone 17 lineup, marking a major shift in design after years of visual repetition. For a long time, each new iPhone release has offered internal upgrades but only subtle changes on the outside. That pattern is now over. The latest models showcase Apple’s effort to break away from a design language that has remained largely unchanged since the iPhone X. The launch introduces several new models, including the headline-grabbing iPhone Air. This ultra-thin model stands out with a body that measures only 5.64 millimeters thick. By comparison, the standard iPhone 17 measures 7.95 millimeters, and…

Mexico has announced plans to raise tariffs on cars from China and several other Asian countries to 50%. The government says the move is designed to protect local jobs and industries. Analysts believe it is also meant to ease pressure from the United States, which has been pushing Latin American countries to reduce their economic ties with China. The decision marks a major shift in Mexico’s trade policy. The current tariff on Chinese cars is 20%. The new plan would more than double it. Mexico’s Economy Ministry said the policy is part of a broader overhaul of import duties on…

Oracle co-founder Larry Ellison overtook Elon Musk after Oracle shares surged 40% in early trading.Ellison’s 41% stake is now valued at $393bn, slightly ahead of Musk’s $384bn fortune.The rise marked Oracle’s largest single-day gain and the biggest wealth increase ever on Bloomberg’s index.Ellison, 81, also holds Tesla shares, a sailing team, the Indian Wells Open, and a Hawaiian island.He has long been close to Musk, investing $1bn in the Twitter purchase and serving on Tesla’s board until 2022.Both men have had ties to Donald Trump, though Musk’s relationship reportedly soured earlier this year.Oracle’s growth is driven by rising demand for…

Donald Trump is urging the European Union to implement tariffs of up to 100 percent on China and India. He wants to increase pressure on Russian President Vladimir Putin and push for an end to the war in Ukraine. Trump demands stronger measures against Moscow The US president raised his demand during a meeting with EU officials on Tuesday. Both sides discussed new strategies to weaken Russia’s economy. According to a source, Trump pressed for the maximum tariffs on China and India. He had promised to end the conflict on the “first day” of his presidency. Peace talks between Moscow…

Leaders discuss measures to pressure Moscow as assaults escalate WASHINGTON, Sept 9 — U.S. and European officials met in Washington this week to discuss coordinated sanctions against Russia, following its largest aerial attack on Ukraine since the conflict began. The talks focused on reinforcing economic measures to limit Russia’s ability to fund its military operations. The meeting, hosted at the U.S. Treasury Department, included high-level representatives such as Treasury Secretary Scott Bessent and the European Union’s sanctions envoy, David O’Sullivan. Officials explored additional restrictions on Russian energy exports and refining operations, aiming to reduce one of the Kremlin’s most important…

Apple will reveal its thinnest iPhone ever at Tuesday’s annual event in Cupertino.The iPhone 17 series will include standard, Pro, Pro Max, and the new iPhone Air.iPhone Air is expected to be the lightest flagship, inspired by Apple’s slim MacBook designs.The company will also introduce Apple Watch series 11 and refreshed AirPods earbuds.Rumors suggest AirPods could feature live translation, closing the gap with Google’s Pixel Buds.Apple plans to announce launch dates for iOS 26 and macOS Tahoe.Trump’s tariffs may increase iPhone prices and disrupt Apple’s global supply chain.Tim Cook shifted production to India and shipped iPhones to the US to…

Lower court’s block overturnedThe Supreme Court has sided with the Trump administration, permitting federal agents to carry out immigration raids in Southern California that rely on profiling by race, ethnicity, or language. The ruling lifts a July 11 injunction from U.S. District Judge Maame Frimpong, who had found the practices likely unconstitutional under the Fourth Amendment’s protections against unreasonable searches and seizures. Allegations of racial targetingThe lawsuit that triggered the injunction described “roving patrols” by masked, heavily armed agents who detained people in public spaces based on appearance or speech. One plaintiff, Jason Gavidia, alleged he was roughed up despite…