Canada’s incoming prime minister Mark Carney struck a defiant note as the former central banker vowed to win US President Donald Trump’s trade war, saying his country will “never” be part of the United States.Carney lost no time standing up for “the Canadian way of life” after the Liberal Party overwhelmingly elected him on Sunday …
Canada’s next PM Mark Carney vows to ‘win’ US trade war Read More »
Food delivery firm Deliveroo said Monday that it would end operations in Hong Kong next month after striking a deal with local competitor foodpanda.The Chinese city has seen growing competition in the food-delivery services market following the 2023 entry of KeeTa, an app by Chinese e-commerce giant Meituan, which surpassed Deliveroo in order volume within …
Chinese tariffs on a range of US fruit, vegetables and other pantry staples took effect on Monday but locals at a lively Beijing market largely shrugged off the escalating trade war.The levies of 10 and 15 percent on American agricultural products, which also include meat, grains and cotton, were imposed after US President Donald Trump …
Chinese shoppers shrug off tariffs on US pantry staples Read More »
The value of art sold at auctions globally fell by a third last year compared to 2023, with the Chinese market crashing by 63 percent, auction data published on Monday showed.Artprice, a France-based consultancy which aggregates auction data from around the world, said the value of art sold in 2024 slumped to $9.9 billion (9.1 …
Global art market slumps as Chinese auction sales plummet: data Read More »
Scraping opium resin off a seedpod in Myanmar’s remote poppy fields, displaced farmer Aung Hla describes the narcotic crop as his only prospect in a country made barren by conflict.The 35-year-old was a rice farmer when the junta seized power in a 2021 coup, adding pro-democracy guerillas to the long-running civil conflict between the military …
Opium farming takes root in Myanmar’s war-wracked landscape Read More »
The Japanese owner of 7-Eleven said Monday it had agreed to jointly explore store sell-offs with a Canadian rival to address antitrust concerns ahead of a potential merger.It comes just days after Seven & i — which for two decades has wholly owned 7-Eleven, the world’s biggest convenience store brand — announced measures including a …
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The Japanese government began a rare auction on Monday of its emergency rice stockpiles in a bid to help drive down the surging price of the national staple.Rice shortages driven by factors from poor harvests caused by hot weather to panic-buying over a “megaquake” warning last summer have caused prices to nearly double over a …
Japan auctions emergency rice reserves as prices soar Read More »
Shares in Hong Kong and Shanghai sank Monday on a mixed day for Asian markets after data showing Chinese consumer prices slipped back into deflation stoked fresh concerns over the world’s number two economy.The reading compounded uncertainty on trading floors as investors struggle to keep up with Donald Trump’s trade policy tinkering, while his refusal …
Hong Kong, Shanghai lead losers on mixed day for Asian markets Read More »
Beijing’s tariffs on certain US agricultural goods in retaliation for President Donald Trump’s latest hike on Chinese imports came into force Monday, as trade tensions mount between the world’s two leading economies. Since retaking office in January, Trump has unleashed a barrage of tariffs on major US trading partners, including China, Canada and Mexico, citing their …
China-US trade war heats up as Beijing’s tariffs take effect Read More »
Canada’s Liberal Party overwhelmingly elected Mark Carney as the country’s next prime minister Sunday, as the former central banker warned of “dark days” brought on by the United States under President Donald Trump. Carney lost no time taking a defiant stance against a US president he accused of “attacking Canadian workers, families, and businesses.””We cannot let …
Mark Carney wins vote to replace Trudeau as Canada PM Read More »
