Under fierce pressure from US President Donald Trump, Hong Kong firm Hutchison said Tuesday it had agreed to sell its lucrative Panama Canal ports to a US-led consortium.CK Hutchison Holdings said it would offload a 90-percent stake in the Panama Ports Company (PPC) and sell a slew of other non-Chinese ports to a group led by …
Hong Kong firm offloads Panama ports after Trump pressure Read More »
Stock markets were in gloomy mode Tuesday as China, Mexico and Canada hit back at US tariffs and fears grew that Europe could be President Donald Trump’s next target in the growing global trade war.Wall Street stocks tumbled for a second straight session while European markets closed down sharply amid worries a prolonged trade spat …
Global stocks tumble as Trump proceeds with more US tariffs Read More »
In the Canadian city of Windsor, which survives on the cross-border auto industry, the start of a trade war with the United States has opened a period of fear and uncertainty.Windsor is separated from Detroit, Michigan by a river, and American automakers based in the US city have been an essential employer on the Canadian …
Trade war brings fear, uncertainty to Canadian border city Read More »
Shares of Tesla tumbled Tuesday following data showing a big drop in auto sales in China, adding to recent losses amid backlash to CEO Elon Musk’s alliance with US President Donald Trump.The electric auto maker sold 30,688 vehicles in China in February, down 49 percent from the year-ago period, according to data from the China …
Canadian Prime Minister Justin Trudeau on Tuesday launched a stunning attack on Donald Trump’s “dumb” trade war, sparking further threats of retaliation from the US president after huge tariffs kicked in against Canada, Mexico and China.A furious Trudeau accused Trump of trying to cause the collapse of Canada’s economy to make it easier for the …
China, Canada retaliate against Trump’s ‘dumb’ tariff war Read More »
Mounting trade wars between the United States and its largest economic partners deepened Tuesday as huge US tariffs on Canada, Mexico and China kicked in, sparking swift retaliation from Beijing and Ottawa.Global markets fell sharply in response, with the S&P 500 — a major Wall Street index — extending recent losses and erasing all of …
At a bustling Shanghai trade fair, exporters of goods ranging from plush toys to chainmail bikinis expressed growing unease at the escalating US-China trade war as new US tariffs took hold on Tuesday.President Donald Trump on Monday doubled previously imposed tariffs to 20 percent, which themselves pile atop existing levies on various Chinese goods.The fair …
Writing on the wall as Chinese businesses fret over US trade war Read More »
Mounting trade wars between the United States and its largest economic partners deepened on Tuesday as US tariffs on Canada, Mexico and China kicked in, sparking swift retaliation from Beijing and Ottawa.Stinging US tariffs on Canadian and Mexican goods came into effect as a deadline to avert President Donald Trump’s levies passed without the nations …
Trade wars intensify as US tariffs on Canada, Mexico and China take force Read More »
Singapore on Tuesday said it would consider caning scammers as the city-state doubles down on swindling syndicates following record high scam losses.Police figures show that at least Sg$1.1 billion ($817 million) was lost through scams in 2024 — 70 percent more than the previous year.”We will consider…caning to be prescribed for certain scam-related offences, recognising …
A Thai court on Tuesday accepted a class-action lawsuit filed by hundreds of fishermen seeking $73 million in damages from a agribusiness giant over invasive blackchin tilapia, a representative of the Thai lawyers’ council said.The alien species, native to west Africa, has been found in 19 provinces in Thailand, damaging ecosystems in rivers, swamps and …
Thai court accepts invasive fish case against food giant Read More »
