AFP Archives - Page 120 of 1373

Gold tops $3,000 for first time on Trump tariff war, stocks rebound

14 Mar 2025 18 Mar 2025

Gold rose above $3,000 for the first time Friday as President Donald Trump’s trade wars boosted demand for safe-haven assets, while stock markets bounced on signs US lawmakers would avert a government shutdown.Major US indices opened higher and remained in positive territory through the day, shrugging off a downcast reading on US consumer sentiment.European stock …

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New Canada PM Carney says Canada will never be part of US

14 Mar 2025 14 Mar 2025

Canada’s new Prime Minister Mark Carney on Friday launched his term in office with a whole-hearted rejection of US President Donald Trump’s repeated threats to annex his northern neighbor.Shortly after he was sworn in as Canada’s 24th prime minister, replacing Justin Trudeau who has been in office since 2015, Carney said confronting Trump’s tariffs would …

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DeepSeek dims shine of AI stars

14 Mar 2025 17 Mar 2025

China-based DeepSeek shook up the world of generative artificial intelligence (GenAI) early this year with a low-cost but high-performance model that challenges the hegemony of OpenAI and other big-spending behemoths.Since late 2022, just a handful of AI assistants — such as OpenAI’s ChatGPT, Anthropic’s Claude, and Google’s Gemini — have reigned supreme, becoming ever more …

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United G7 warns Russia to back Ukraine truce

14 Mar 2025 22 Mar 2025

The Group of Seven powers Friday warned Russia of new sanctions unless it accepts a ceasefire with Ukraine, in a forceful show of unity after President Donald Trump rattled the club of democracies.Meeting at a rustic hotel in rural Quebec, G7 foreign ministers also backed Ukraine’s fight for its “territorial integrity” and spoke of Russia’s …

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Mark Carney sworn in as Canada PM

14 Mar 2025 14 Mar 2025

Mark Carney was sworn in as Canada’s prime minister on Friday, taking charge of a country rattled by a breakdown in US relations since President Donald Trump’s return to power.The ruling Liberal Party overwhelmingly backed Carney to replace Justin Trudeau, betting his experience leading two central banks through historic crises will re-assure Canadians facing a …

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Mark Carney: Canada’s new PM charted unusual path to power

14 Mar 2025 20 Mar 2025

He was born near the Arctic, led the central banks of two major economies and has become Canada’s prime minister despite never having served in parliament.Mark Carney’s path to the top job in Canadian politics has been unusual but, as he said when he launched his campaign to succeed Prime Minister Justin Trudeau, so are …

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BMW expects big hit from tariffs after 2024 profits plunge

14 Mar 2025 17 Mar 2025

German automaker BMW warned Friday that it would take a big hit from trade wars between the United States, China and Europe this year, on top of weak Chinese demand, after profits plunged in 2024.Finance chief Walter Mertl said at the presentation of BMW’s annual results that US tariffs on steel and aluminium, in place …

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Canada’s Carney to be sworn in as new PM

14 Mar 2025 14 Mar 2025

Former central banker Mark Carney will be sworn in as Canada’s next prime minister on Friday with the country rattled by a breakdown in relations with the United States.He succeeds Justin Trudeau who announced his resignation in January after nearly a decade in power and following dwindling support over the past year.The ruling Liberal Party …

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Taiwan tech giant Foxconn’s 2024 profit misses forecasts

14 Mar 2025 17 Mar 2025

Taiwanese tech giant Foxconn reported on Friday a lower-than-expected net profit for 2024 as consumer electronic gadgets underperformed, although demand for its artificial intelligence servers remained robust.The world’s largest contract electronics manufacturer has been moving beyond assembling devices such as Apple’s iPhones into areas ranging from electric vehicles to AI servers.The company said full-year net …

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Canada rallies against Russian ‘aggression’ as new US tone splits G7

14 Mar 2025 17 Mar 2025

Canada called Thursday on the Group of Seven powers to back Ukraine against Russia’s “aggression” as US President Donald Trump’s more conciliatory approach toward Moscow split the club of wealthy democracies.Canada, the current G7 president, is gathering foreign ministers for three days of talks inside a rustic hotel in snow-dusted Charlevoix, on the banks of …

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