AFP

Taiwan will turn off its last nuclear reactor on Saturday, fuelling concerns over the self-ruled island’s reliance on imported energy and vulnerability to a Chinese blockade.The island, which targets net-zero emissions by 2050, depends almost entirely on imported fossil fuel to power its homes, factories and critical semiconductor chip industry.President Lai Ching-te’s Democratic Progressive Party …

End of nuclear in Taiwan fans energy security fears Read More »

Equities stuttered Thursday as investors await fresh developments in trade talks, with US partners looking to reach deals to avoid Donald Trump’s tariff blitz, while oil extended losses on hopes for an Iran nuclear deal.With excitement from the China-US detente running out of legs, the search is on for fresh catalysts to drive a rally …

Stocks drop as fresh trade news awaited, oil down on Iran hopes Read More »

Global stocks were mixed Wednesday as euphoria over easing US-China trade tensions petered out while markets looked ahead to key US economic data.While the April volatility stemming from President Donald Trump’s tariff blitz appears to have halted, analysts warned that Washington still needed to reach trade deals with countries to instil a sense of stability.The …

Stock markets fluctuate as China-US trade euphoria fades Read More »

The United States and China slashed sweeping tariffs on each others’ goods for 90 days on Wednesday, marking a temporary de-escalation in a brutal trade war that roiled global markets and international supply chains.Washington and Beijing agreed to drastically lower sky-high tariffs in a deal that emerged from pivotal talks at the weekend in Geneva.US …

China, US slash sweeping tariffs in trade war climbdown Read More »

Chinese internet giant Tencent on Wednesday reported a better-than-expected increase in first-quarter revenue, propelled by growth in gaming as the firm’s strategic drive into artificial intelligence deepens.Shenzhen-based Tencent is the operator of China’s multifunctional app WeChat and a major player in the global gaming industry.The firm also has a presence in cloud computing, entertainment and …

China’s Tencent posts forecast-beating Q1 revenue on gaming growth Read More »

Japan’s Sony on Wednesday reported a record annual net profit but issued a cautious forecast, saying it hopes to “manage the impact” of US trade tariffs on its business.The entertainment and electronics giant said takings had been strong in the gaming, music and image sensor sectors in the year to the end of March 2025.But …

Sony girds for US tariffs after record annual net profit Read More »

Colombia formally agreed on Wednesday to join China’s vast Belt and Road infrastructure initiative, as Beijing draws Latin America closer in a bid to counter the United States.Latin America has emerged as a key battleground in US President Donald Trump’s confrontations with China, and the region is coming under pressure from Washington to choose a …

Colombia joins Belt and Road initiative as China courts Latin America Read More »

Inside one of South Korea’s oldest semiconductor research institutes, the cleanrooms and workshops are calm and immaculate, but outside the Seoul National University campus, a chip storm is brewing.Last month, Washington announced a national security probe into imports of semiconductor technology, which could put the industry in the crosshairs of President Donald Trump’s trade bazooka …

Protection racket? Asian semiconductor giants fear looming tariffs Read More »

The United States and China slashed sweeping tariffs on each others’ goods for 90 days on Wednesday, after a temporary ceasefire in a brutal trade war that roiled global markets and international supply chains.Washington and Beijing agreed to drastically lower skyhigh tariffs in a deal that emerged from pivotal talks at the weekend in Geneva.US …

China, US slash sweeping tariffs in trade war climbdown Read More »