Japanese gaming giant Nintendo forecast Thursday that it would sell 15 million units of its hotly awaited Switch 2 console in the current financial year but warned US tariffs could hit its bottom line.The successor to the Switch — the third best-selling console ever behind Sony’s PlayStation 2 and the Nintendo DS — is set …
Nintendo forecasts 15 million Switch 2 sales in 2025-26 Read More »
Japanese auto giant Toyota forecast on Thursday a 35 percent year-on-year drop in net profit for the current financial year, citing Donald Trump’s vehicle tariffs among other factors.Carmakers have been among the hardest hit by the US president’s multi-pronged assault on free trade.On top of a 25 percent tariff already placed on finished imported cars, …
Toyota cites tariffs as it forecasts 35% net profit drop Read More »
The European Union is accelerating free trade talks with Asia following hefty tariffs by US President Donald Trump, the bloc’s trade chief said Wednesday.Trump has slapped a series of higher tariffs on Europe since March and in his biggest move, he imposed a 20-percent tariff on a majority of EU goods last month — before …
EU trade chief says accelerating free trade talks with Asia Read More »
China vowed Wednesday to defend “justice” in upcoming trade talks with the United States — their first since Donald Trump unveiled sweeping tariffs that shook global markets.Since the US president returned to the White House in January, his administration has imposed tariffs totalling 145 percent on goods from China, with some sector-specific measures stacked on …
China vows to defend ‘justice’ in looming trade talks with US Read More »
China on Wednesday eased key monetary policy tools in a bid to boost its ailing economy as it struggles with the effects of weak consumption and Donald Trump’s trade war.The country’s leaders are battling to reignite growth, which has not fully recovered since the Covid-19 pandemic, crippled by sluggish domestic demand and a protracted property …
China eases monetary policy to boost ailing economy Read More »
Weeks after Donald Trump’s global tariff bombshell, Jeff Chen’s factory in Taiwan is as busy as ever turning out carbon and alloy wheels for high-end bicycles bound for US and European markets.But he wonders how much longer it will last. The US president’s initial 32 percent tariff on Taiwan stunned the island’s bicycle manufacturers, who were …
Taiwan bicycle makers in limbo as US tariff threat looms Read More »
Visitors mill around a bright red hilltop pagoda in southwestern China, gazing down at a sprawling cigarette factory whose deadly output has put an otherwise unremarkable city on the map.China is home to a third of the world’s smokers and tobacco-related diseases are a major cause of death in the country — a trend likely …
Tobacco town thrives as China struggles to kick the habit Read More »
Hollywood has always been “an international industry,” that would suffer creatively if cross-border work was curbed, the head of North America’s largest film festival told AFP.Cameron Bailey, chief executive of the Toronto International Film Festival, joined other entertainment industry leaders in criticizing President Donald Trump’s proposed 100 percent tariffs on foreign films, a surprise weekend …
Toronto festival head says Trump tariffs would hurt film quality Read More »
Senior US and Chinese officials will travel to Switzerland later this week to kickstart stalled trade talks following President Donald Trump’s sweeping tariff rollout, according to statements from both countries.The talks mark the first official public engagement between the world’s two largest economies to resolve a trade war escalated by Trump shortly after his return …
US, Chinese officials to hold trade talks in Switzerland Read More »
Stock markets mostly dropped on Tuesday as investors awaited a Federal Reserve interest-rate decision while anticipating US trade deal breakthroughs that have yet to materialize.Stocks had risen most of the last two weeks in anticipation of progress on the trade front as US President Donald Trump and top appointees play up the negotiations. But major …
Stocks retreat as traders cautious before Fed rates call Read More »
