AFP

US stock indices pushed to fresh records Tuesday, shrugging off tariff threats from President-elect Donald Trump while European equities retreated.Trump, who doesn’t take office until January 20, made his threat in social media posts Monday night, announcing huge import tariffs against neighbors Canada and Mexico and also rival China if they do not stop illegal …

US stocks rally despite Trump tariff threat but European stocks fall Read More »

European markets closed lower on Tuesday while Wall Street bounced as investors digested incoming US president Donald Trump’s warning that he would impose huge new tariffs on China, Mexico and Canada, raising fears of a trade war.Trump said on his Truth Social account that he would hammer the United States’ largest trading partners with tariffs …

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US lawmakers have urged the government to rethink banking ties with Hong Kong, citing its “increasing role” in money laundering, sanctions evasions and reported funneling of banned technology to Russia.The bipartisan US Select Committee on the Chinese Communist Party called Monday on outgoing President Joe Biden’s treasury secretary to reevaluate Hong Kong’s unique trade privileges, …

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Choppy trading hit stock markets on Tuesday as investors digested Donald Trump’s warning that he would impose huge new tariffs on China, Mexico and Canada when he takes over as US president in January.Trump said on his Truth Social account that he would hammer the United States’ largest trading partners with tariffs in a bid …

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Chinese tech giant Huawei on Tuesday unveiled its first smartphone equipped with a fully homegrown operating system, a key test in the firm’s fight to challenge the dominance of Western juggernauts.Apple’s iOS and Google’s Android are currently used in the vast majority of mobile phones, but Huawei is looking to change that with its newest …

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Stock markets retreated and the dollar was mixed Tuesday after Donald Trump warned he would impose huge new tariffs on China, Mexico and Canada immediately on taking over as US president in January.Trump said on his Truth Social account that he would hammer the United States’ largest trading partners in response to the illegal drug …

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A Vietnamese property tycoon sentenced to death for multi-billion-dollar fraud begged a court to spare her life Tuesday, saying she was trying to repay the stolen funds.Property developer Truong My Lan, 68, was convicted earlier this year of embezzling money from Saigon Commercial Bank (SCB) — which prosecutors said she controlled — and condemned to …

Vietnam death row tycoon begs court for her life Read More »

Stock markets fell and the dollar rallied Tuesday after Donald Trump warned he would impose huge new tariffs on China, Mexico and Canada on his first day in office, dealing a blow to hopes of a more moderate approach to trade policy.The former and next president said on his Truth Social account that he would …

Equity markets retreat, dollar gains as Trump fires tariff warning Read More »