Business

The Trump administration won an appeals court order blocking a judge’s restrictions on Immigration and Customs Enforcement tactics for dealing with protesters in Minnesota. The 8th US Circuit Court of Appeals on Monday put an indefinite hold on a lower-court judge’s Jan. 16 order that prevented officers from arresting, detaining, pepper-spraying or retaliating against peaceful protesters in Minneapolis. The ruling…

President Donald Trump said Monday he is increasing tariffs on South Korean goods because the country’s national assembly has yet to approve the trade framework announced last year. Trump said on social media that import taxes would be raised on autos, lumber and pharmaceutical drugs from South Korea with the rate on other goods going from 15% to 25%. The U.S. president previously imposed…

For the past two-and-a-half decades, the mandate for global business leaders was relatively straightforward: grow the existing business, allocate capital efficiently, and implement technology to drive productivity. But Mohamed Kande, global chairman of PwC, speaking to Fortune in Davos, Switzerland, ahead of the World Economic Forum’s annual meeting, insisted that era is over. Kande argued that the CEO job has…

U.S. stock futures dropped late Monday after global equities sold off as President Donald Trump launches a trade war against NATO allies over his Greenland ambitions. Futures tied to the Dow Jones industrial average sank 401 points, or 0.81%. S&P 500 futures were down 0.91%, and Nasdaq futures sank 1.13%.  Markets in the U.S. were closed in observance of the Martin Luther King Jr.…

Is Powell’s Fed head independence dead? It’s just one more diversionary Trump trick | Fortune Jeffrey Sonnenfeld is Lester Crown Professor of Leadership Practice at the Yale School of Management and founder of the Yale Chief Executive Leadership Institute. A leadership and governance scholar, he created the world’s first school for incumbent CEOs and he has advised five U.S. presidents across political…

Tanyapong Thamavaranukupt, co-president of Thai fintech Ascend Money, sees spending patterns—like magazine subscriptions or mobile bills—as a signal of creditworthiness, particularly in markets like Southeast Asia which have both a large underbanked population and underdeveloped financial institutions. “We don’t rely on traditional data to make our loan decisions,” he told Fortune. Instead, Ascend Money’s lending service, Ascend Nano, relies on…

President Donald Trump suggested the US may subsidize efforts by energy companies to rebuild Venezuela’s oil industry as his administration seeks to convince firms to invest in the country days after ousting strongman Nicolás Maduro. Trump said the project to have US oil industry companies expand their operations in the country could be “up and running” in less than 18…

President Donald Trump’s plans to restore Venezuela’s beleaguered oil industry faces a series of challenges that will cost U.S. oil companies many billions of dollars to overcome. Over the weekend, U.S. forces arrested Venezuelan President Nicolas Maduro on drug trafficking charges, with Trump claiming the U.S. would “run” the country and take over the country’s nationalized oil reserves. “American dominance…

With its new Pax Silica Declaration, Washington has picked its most trusted partners in the AI sector: An array of close U.S. allies, including Australia, the U.K., and Israel.  Yet despite deepening trade relations between the U.S. and ASEAN nations like Thailand, Malaysia and Vietnam, Singapore remains the agreement’s only Southeast Asian signatory. That decision comes even as ASEAN nations…

President Donald Trump teased that he has a preferred candidate to be the next chair of the Federal Reserve, but is in no hurry to make an announcement — while also musing that he might fire the central bank’s current leader, Jerome Powell. “I do, still do — hasn’t changed,” Trump said at a press conference Monday, when asked if…