Eurozone stock markets rebounded Thursday as France’s political stand-off showed signs of easing, while Chinese equities fell despite reports the United States may be less stringent than feared with its curb on tech equipment to China. Wall Street had ended lower Wednesday as traders booked profits ahead of the Thanksgiving holiday, with US markets closed on …
Eurozone stocks lift as French political stand-off eases Read More »
Hundreds of employees of French cognac maker Hennessy on Thursday staged a protest over potential measures to circumvent Chinese tariffs imposed in a spat with the European Union.Staff in the town of Cognac in southwestern France, from which the iconic brandy takes its name, earlier this month went on strike to protest a plan to …
French cognac workers protest China bottling plan amid tariff threat Read More »
The OPEC+ alliance of major oil-producing nations has postponed a weekend meeting to December 5 in what analysts said were signs of disagreement among the group over plans to increase output.The 22-member OPEC+ group led by Saudi Arabia and Russia was due to decide on its 2025 output policy at a ministerial meeting originally scheduled …
OPEC+ postpones meeting on oil output to December 5 Read More »
Hong Kong started flight operations on its third runway on Thursday, with officials saying it will keep the city’s airport competitive as an aviation hub despite its lagging post-pandemic recovery. Hong Kong International Airport is still among the busiest airports in the world, but flights are not yet back to pre-Covid levels and it has fallen …
Equity markets diverged Thursday as investors brushed off a negative lead from Wall Street while welcoming a drop in Treasury yields and data showing US inflation was holding steady.With the United States heading into the Thanksgiving holiday, business in New York was subdued after a flurry of activity since Donald Trump’s election win at the …
Markets mixed after subdued pre-holiday shift on Wall St Read More »
Asian markets diverged Thursday as investors brushed off a negative lead from Wall Street while welcoming a drop in Treasury yields and data showing US inflation was holding steady.With the United States heading into the Thanksgiving holiday, business in New York was subdued after a flurry of activity since Donald Trump’s election win at the …
Asian markets mixed after subdued pre-holiday shift on Wall St Read More »
Ireland-based budget fashion chain Primark has been criticised for its record on workers’ rights and the effect of its low-cost, high-volume model on the environment.But its chief executive Paul Marchant does not agree. “I don’t buy the story that we can’t be ethical buying from Asia,” he told AFP in an interview in Dublin.In the …
Primark boss defends practices as budget fashion brand eyes expansion Read More »
Donald Trump’s tariff threats have rattled foreign businesses and governments, with many fearing it could signal the opening salvo of an all-out trade war when he returns to the White House next year.The president-elect on Monday placed both allies and rivals on notice, vowing to quickly slap an across-the-board tariff of 25 percent on Canada …
‘Retaliate’: Trump tariff talk spurs global jitters, preparations Read More »
US and European stock markets wobbled Wednesday as key US inflation data showed an uptick, with traders also weighing US President-elect Donald Trump’s tariff threats and a political standoff in France.Wall Street saw red with both the Dow and S&P 500 retreating from records on the eve of the Thanksgiving holiday. The Nasdaq also declined.European …
Stock markets waver as traders weigh Trump tariffs, inflation Read More »
Mexico said Wednesday the United States will be shooting itself in the foot if President-elect Donald Trump implements his threats to impose 25-percent tariffs on Mexican imports.Trump on Monday fired the warning shot in a looming trade war with the top three US trading partners by threatening to impose huge tariffs on Mexico, Canada and …
Mexico says Trump tariffs would cost 400,000 US jobs Read More »
