AFP

China’s first Legoland opens to tourists in Shanghai

Thousands of local tourists poured into China’s first-ever Legoland as it opened its gates in Shanghai on Saturday, the latest theme park hoping to capitalise on a domestic tourism boom.The Chinese branch of the British-owned theme park franchise is the biggest Legoland in the world.It drew in early customers who flocked to attractions including a …

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France says ‘major issues’ remain despite brandy price accord with China

France on Friday praised China’s steps to settle a trade dispute over European brandy imports but warned that “major issues” remained unresolved.The signs of a thaw in the row over the alcohol came as China’s Foreign Minister Wang Yi met French President Emmanuel Macron and Foreign Minister Jean-Noel Barrot in Paris.In recent months China and …

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Stocks, dollar drop as tariff talk dominates

Stock markets mostly fell while the dollar largely retreated Friday as international tensions over tariffs dominated sentiment.Traders digested news also of Congress narrowly passing US President Donald Trump’s signature tax and spending bill that analysts argue risks ballooning national debt and wider inflation. On tariffs, Trump said he planned to start sending letters informing trading partners …

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Stocks climb as strong US jobs data soothes growth worries

Wall Street stock indices finished at fresh records Thursday following solid US jobs data as President Donald Trump’s sweeping budget bill successfully reached the congressional finish line.The US economy added 147,000 jobs in June while unemployment dipped to 4.1 percent from 4.2 percent, a sign of US labor market resilience despite the White House’s wave …

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Modi pushes further India-Africa cooperation on Ghana visit

Indian Prime Minister Narendra Modi on Thursday outlined plans for deeper ties between his country and Africa, as New Delhi increasingly vies for a stronger economic presence on the continent along with China and Russia.In a speech to Ghana’s parliament, Modi highlighted a major rail project that opened in the west African nation last year, …

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France fines Shein 40 mn euros over ‘deceptive’ sales practices

France announced Thursday a record 40 million-euro fine against e-commerce giant Shein over “deceptive commercial practices” after a competition inquiry, saying it misled customers on price deals and on its environmental impact.  The French competition and anti-fraud office said the investigation found Shein used “deceptive commercial practices towards consumers regarding… price reductions”, with the fine …

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Asian stocks mixed as traders shrug at US-Vietnam trade deal

Stocks struggled in Asia on Thursday as investors gave a lukewarm reception to the US-Vietnam trade deal, while the dollar eased ahead of key US jobs data that could impact Federal Reserve interest rates plans.Attention was also on Washington as Republicans struggled to push Donald Trump’s tax-slashing budget bill through the House of Representatives amid …

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