Authorities in Kyoto announced Tuesday plans for a big hike in hotel lodging taxes, as Japan’s picture-perfect ancient capital seeks to assuage grumbles from locals about too many tourists.Japan has seen foreign tourist numbers explode post-pandemic, with visitor numbers in 2024 expected to have hit a record of more than 35 million.But like other hotspots …
Japanese tourist hotspot Kyoto to hike hotel taxes Read More »
Donald Trump’s second presidential term promises a return to tariffs as he pressures partners and rivals to tackle everything from migration to drug trafficking, while protecting US industries — in moves that could trigger new trade wars.Even before taking office, Trump has raised the prospect of fresh levies on companies, countries and groups of states …
Trump’s return threatens resurgence of trade wars Read More »
The United States unveiled new export rules Monday on chips used for artificial intelligence, furthering efforts to make it tough for China and other rivals to access the advanced technology in Joe Biden’s final days as president.The announcement of the restrictions drew a fiery pushback from Beijing and prompted US chip industry criticism, while the …
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Global markets mostly retreated on Monday after traders trimmed bets on US Federal Reserve rate cuts and oil extended a rally sparked by new sanctions on Russia’s energy sector.Equities had tumbled Friday following strong US jobs data that traders viewed as lessening the odds of Federal Reserve interest rate cuts in 2025.Wall Street began the …
Stock markets mostly fall as traders trim US rate cut bets Read More »
Global markets slid Monday after traders trimmed bets on US Federal Reserve rate cuts and oil extended a rally sparked by new sanctions on Russia’s energy sector.An outsized US jobs report Friday dealt another blow to hopes for more interest rate cuts in 2025, and was followed by hefty losses on Wall Street. Wall Street’s main …
Stock markets fall as traders trim US rate cut bets Read More »
Asian and European markets sank Monday after an outsized US jobs report dealt another blow to hopes for more interest rate cuts, while oil extended a rally sparked by new sanctions on Russia’s energy sector.The equity sell-off tracked hefty losses on Wall Street, where all three main indexes finished more than one percent lower as …
Markets track Wall St losses after blockbuster US jobs report Read More »
Asian markets tumbled Monday after an outsized US jobs report dealt another blow to hopes for more interest rate cuts, while oil extended a rally sparked by new sanctions on Russia’s energy sector.The equity sell-off tracked hefty losses on Wall Street, where all three main indexes finished more than one percent lower as the new …
Asian markets track Wall St losses after blockbuster US jobs report Read More »
China’s exports surged to a record high in 2024, providing a much-needed boost for the economy as the prospect of biting tariffs imposed by US president-elect Donald Trump looms.Overseas shipments represented a rare bright spot for Beijing last year as sluggish domestic consumption and a prolonged crisis in the property sector dragged on growth.But Trump, …
China saw booming exports in 2024 as Trump tariffs loom Read More »
Japanese Prime Minister Shigeru Ishiba told US President Joe Biden that his blocking of Nippon Steel’s takeover of US Steel raised “strong” concerns in both countries, local media reported Monday.The comments came in a three-way call with the president of the Philippines that according to the White House also touched on China’s “dangerous and unlawful” …
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British treasurer Rachel Reeves said Saturday that London was a “natural home” for Chinese finance during a visit to Beijing in the shadow of bond market turmoil back home.Reeves, whose formal title is chancellor of the exchequer, is the most senior British government official to visit China since then-prime minister Theresa May held talks with …
UK treasurer says London ‘natural home’ for Chinese finance Read More »
