AFP

Global stock markets extended losses on Tuesday as US President Donald Trump waffled on the size of tariffs he will levy on Canadian steel, aggravating concerns his trade policies could push the United States toward recession.In New York, the Dow index of blue-chip stocks closed down 1.1 percent while the broad-based S&P 500 shed 0.8 percent.The tech-heavy Nasdaq …

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Struggling Japanese automaker Nissan announced on Tuesday that chief executive Makoto Uchida would step down, a move that follows the failure of merger talks with rival Honda.Ivan Espinosa, who will take the top job from April, told reporters he wanted to continue Uchida’s work “to help Nissan shine again”.”I sincerely believe that Nissan has so much …

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China on Tuesday concluded one of its biggest political events of the year with a call to “struggle unrelentingly” for the country’s rise after a conclave dominated by a deepening confrontation with the United States, its largest trading partner.Nearly 3,000 delegates congregated in Beijing’s Great Hall of the People on a dusty Tuesday afternoon before …

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South Korean automaker Kia told AFP on Tuesday it had not approved an advertising campaign that featured one of its electric vehicles with a bumper sticker denigrating rival Tesla owner Elon Musk.The advertisement, posted last month on the social media accounts of Kia Norway, features the company’s entry-level electric car, the EV3, with a bumper …

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