AFP

After China announced retaliatory tariffs against the United States, walkers along Shanghai’s waterfront were stoic Tuesday in face of both the cold and the prospect of an escalating trade war.The tariffs on US energy, vehicles and equipment were unveiled minutes after additional levies on Chinese goods announced Saturday by US President Donald Trump came into …

Ordinary Chinese stoic in the face of escalating US trade war Read More »

Stock markets mostly rebounded and there strong gains for Mexico’s peso and Canada’s dollar Tuesday after Donald Trump said he would delay tariffs on imports from the US neighbours.It did little to soothe trade war worries, however, as Beijing announced levies on some imports of US goods in retaliation for tariffs on items arriving from …

Stocks rebound, dollar dips as Trump delay tariffs Read More »

China has made good on its threats to retaliate in the escalating trade war with the United States, imposing tariffs on American imports of energy, cars and machinery parts. That came just minutes after a 10 percent tariff hike on Chinese goods, announced by US President Donald Trump on Saturday, came into effect.Here’s the state of …

Where things stand in China-US trade tensions Read More »

Asian equities rose with the Mexican peso and Canadian dollar Tuesday after Donald Trump said he would delay the imposition of stiff tariffs on imports from the US neighbours, soothing trade war worries for now.But early euphoria was tempered after China announced levies on some imports of US goods as Washington’s measures kicked in, with …

Asian stocks and peso rise on Trump’s Mexico, Canada tariff delay Read More »

Two Panamanian lawyers filed a complaint Monday to cancel the concession of a Hong Kong-based company for operating two ports on the Panama Canal, following US President Donald Trump’s threats to seize the vital waterway.A subsidiary of CK Hutchison Holdings — owned by Hong Kong billionaire Li Ka-shing — manages two of the canal’s five …

Panama lawsuit requests axing Hong Kong firm’s canal concession Read More »

OpenAI chief Sam Altman signed a deal with tech giant Kakao in South Korea on Tuesday as the US firm seeks new alliances after Chinese rival DeepSeek shook the global AI industry.Kakao, which owns an online bank, South Korea’s largest taxi-hailing app, and a messaging service, announced a partnership allowing them to use ChatGPT for …

OpenAI chief Altman signs deal with South Korea’s Kakao after DeepSeek upset Read More »

Asian equities rose with the Mexican peso and Canadian dollar Tuesday after Donald Trump said he would delay the imposition of stiff tariffs on imports from the US neighbours, soothing trade war worries for now.But early euphoria was tempered somewhat after China announced levies on some imports of US goods as Washington’s measures kicked in, …

Stocks and peso boosted by Trump’s Mexico, Canada tariff delay Read More »

Japanese video game giant Nintendo on Tuesday cut its annual net profit forecast after hardware and software sales for its Switch console fell in the first three quarters.The Switch, which is both a handheld and TV-compatible device, hit shelves in 2017 and became a must-have gadget among all age groups during pandemic lockdowns.Nintendo announced in …

Nintendo cuts net profit forecast as Switch sales slow Read More »