Stocks largely rose on Thursday, with London striking a record high and US indices also edging to fresh new peaks, as investors looked past US President Donald Trump’s plethora of tariff threats.Both the S&P 500 and Nasdaq shrugged off early weakness to eke out gains that left them at all-time highs.US airline shares enjoyed a …
Global stocks mostly rise, shrugging off US tariff threats Read More »
E-commerce giant Shein faces a possible 150-million-euro ($175-million) fine in France for failing to properly get consent to track users on the internet.The regulator, the CNIL, faulted the fast-fashion retailer for using trackers called cookies that enable for targeted advertising to users without their approval as required in Europe, or for using a confusing method …
President Donald Trump announced a 50-percent tariff Wednesday targeting Brazil as he blasted the trial of the country’s ex-leader, and said a US “national security” levy on copper would begin in August.In a letter addressed to Brazilian President Luiz Inacio Lula da Silva, Trump criticized the treatment of his right-wing ally Jair Bolsonaro as an …
Trump hits Brazil with 50% tariff, sets date for copper levy Read More »
In the basement of a Jakarta housing complex, surrounded by the silver piping of the air-conditioning system, Indonesian technician Ari Sobaruddin is doing his part to tackle climate change.Ari and his colleagues will spend 12 hours capturing AC refrigerant to stop this “super-pollutant” — thousands of times more potent than carbon dioxide — from leaking …
In Indonesia, a start-up captures coolants to stop global warming Read More »
Donald Trump’s insistence that “spoiled” Japan imports more US rice is adding to Prime Minister Shigeru Ishiba’s problems ahead of elections that could sink his premiership after less than a year in office.Japan is one of more than 20 countries receiving letters this week from the US president warning of “reciprocal” tariffs from August 1 …
Japan’s sticky problem with Trump, tariffs and rice Read More »
Asian markets mostly rose Thursday on optimism that governments will hammer out deals to avoid the worst of US President Donald Trump’s tariffs even after he broadened his range of measures.Negotiators from around the world have tried to reach agreements with Washington since Trump in April unveiled his “Liberation Day” tariff bombshell, with a July …
The Nasdaq powered to a fresh record and major European markets closed in the green Wednesday, brushing off US President Donald Trump’s growing array of tariff targets.After releasing tariff warning letters to seven additional countries early Wednesday afternoon, Trump followed up late in the afternoon with a threatened 50 percent levy on Brazil.Trump tied the …
Global stocks mostly up despite new Trump tariffs, Nasdaq at record Read More »
Starbucks has received around 30 offers from investment firms seeking a stake in the company’s China business, US media reported Wednesday.The coffee chain’s China business, its second biggest after its US operation, drew non-binding offers from a mix of Chinese and foreign private equity firms valuing the enterprise at between $5 and $10 billion, CNBC …
Starbucks receives bids for stake in China business: US media Read More »
Consumer prices in China rose slightly in June, official data showed on Wednesday, snapping a four-month decline even as factory gate prices were bruised by a fierce trade war with Washington.Chinese officials have been trying to revive sluggish domestic spending since the end of the Covid-19 pandemic, with the government’s official growth target at risk.That …
China’s snaps 4-month consumer decline but factory price deflation deepens Read More »
Gao Chaorong knows what it takes to turn out good crops of sweet potatoes, peanuts and wheat, but tasty produce is no longer enough to draw China’s app savvy crowd.To prevent her crops from rotting unsold in the fields, the 56-year-old is now back in school, attending a “hands-on livestreaming bootcamp” to learn to take …
China’s ‘new farmers’ learn to livestream in rural revitalisation Read More »
