AFP

World’s ‘exceptional’ heat streak lengthens into March

Global temperatures hovered at historic highs in March, the EU agency that monitors climate change said on Tuesday, prolonging an unprecedented heat streak that has pushed the bounds of scientific explanation. In Europe, it was the hottest March ever recorded by a significant margin, said the Copernicus Climate Change Service. That drove rainfall extremes across a …

World’s ‘exceptional’ heat streak lengthens into March Read More »

World’s ‘exceptional’ heat streak lengthens into March

Global temperatures hovered at historic highs in March, the EU agency that monitors climate change said on Tuesday, prolonging an unprecedented heat streak that has pushed the bounds of scientific explanation. In Europe, it was the hottest March ever recorded by a significant margin, said the Copernicus Climate Change Service. That drove rainfall extremes across a …

World’s ‘exceptional’ heat streak lengthens into March Read More »

Markets calmer despite growing US-China trade tensions

Stock markets regained some ground on Tuesday, even as trade tensions between the United States and China escalated sharply after days of turmoil over US President Donald Trump’s tariffs offensive.Trump has upended the world economy with sweeping tariffs that have raised the spectre of an international recession, but has ruled out any pause in his …

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Shanghai’s elderly investors keep faith despite stock market woes

A raucous group of elderly investors held court at a Shanghai securities company on Tuesday, chatting loudly about the stock prices flickering on LED boards as Chinese markets stutteringly recovered from the brutal day before.Asian and European equities collapsed on Monday after China retaliated to President Donald Trump’s sweeping tariffs against US trading partners, as …

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Indonesia stocks plunge on Trump tariffs after weeklong break

Indonesian stocks closed down nearly eight percent on Tuesday after a weeklong public holiday break, its biggest fall in more than a decade as uncertainty over US President Donald Trump’s global tariffs roil markets.Trump upended the world economy last week with sweeping tariffs that have raised fears of an international recession and triggered criticism even …

Indonesia stocks plunge on Trump tariffs after weeklong break Read More »

Hong Kong firm did not uphold Panama Canal ports contract: Panama audit

The Hong Kong firm in charge of two key Panama Canal ports has flouted the terms of its contract, according to a Panamanian audit released Monday, as US and Chinese firms fight for business on the waterway after President Donald Trump threatened to seize it.The audit found “many breaches” of the concession awarded to a …

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Asian markets stage mild rebound but Trump tariff uncertainty reigns

Asian markets battled Tuesday to recover from the previous day’s tariff-fuelled collapse, though Donald Trump’s warning of more measures against China and Beijing’s vow to fight “to the end” raised concerns the trade war could worsen.Equities across the world have been hammered since the US president unveiled sweeping levies against friend and foe, upending trading …

Asian markets stage mild rebound but Trump tariff uncertainty reigns Read More »

China vows ‘fight to the end’ as Trump warns 50% more tariffs

China vowed on Tuesday to “fight to the end” against fresh tariffs of 50 percent threatened by US President Donald Trump, further aggravating a trade war that has already wiped trillions off global markets.Trump upended the world economy last week with sweeping tariffs that have raised the spectre of an international recession, but has ruled …

China vows ‘fight to the end’ as Trump warns 50% more tariffs Read More »

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