Funding & Business
Copper Futures in London Drop as Trump Plans 50% Import Tariff
Benchmark copper futures fell in London after US President Donald Trump said he planned to implement a 50% tariff on imports, a move that’s likely to spark further upheaval in global metal markets.
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In a remote part of China’s northwestern Xinjiang region, dozens of data centers rise from the desert. A Bloomberg analysis of documents and company filings found Chinese companies plan to buy more than 115,000 high-tech Nvidia chips – chips the US has banned from being exported to China – to power these centers. K. Oanh Ha discusses the story on Bloomberg Television. (Source: Bloomberg)
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New World Development Co. is seeking to divest real estate projects in mainland China after pulling off an $11 billion refinancing deal in June, according to people familiar with the matter.
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