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 »
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 »
Hollywood reacted with skepticism on Monday to US President Donald Trump’s announcement of 100 percent tariffs on foreign films, with movie insiders calling it a policy made up on the fly by a president who fails to understand how the industry works.”It makes no sense,” entertainment lawyer Jonathan Handel said of Trump’s idea.Handel told AFP …
‘Makes no sense’: Hollywood shocked by Trump’s film tariffs announcement Read More »
Dutch medical device maker Philips reported a net profit for the first time in three quarters Tuesday despite weak sales in China but warned of “intensified” uncertainties due to tariffs.Net profits came in at 72 million euros ($82 million), compared to a net loss of 998 million euros in the same quarter last year and …
Philips turns in a profit but China, tariffs weigh Read More »
The dollar rose in Asia on Tuesday fuelled by hopes for trade deals to avert Donald Trump’s sweeping tariffs, while equities mostly rose as investors await the Federal Reserve’s latest policy decision.Oil also staged a comeback after tanking on news of an output hike by key producers that came despite growing concerns about demand and …
Dollar recovers some losses, stocks gain as traders eye tariff deals Read More »
New Zealand’s prime minister on Tuesday proposed banning children under 16 from social media, stressing the need to protect them from the perils of big tech platforms.Regulators the world over are wrestling with how to keep children safe online, as social media is increasingly flooded with violent and disturbing content.Prime Minister Christopher Luxon unveiled draft …
New Zealand PM proposes banning under-16s from social media Read More »
Shares in US film studios slid on Monday following a threat by US President Donald Trump to impose 100 percent tariffs on foreign-made productions.Meanwhile oil prices tumbled after OPEC+ countries announced an output hike despite oversupply concerns and growing fears that Trump’s trade war could weaken demand.Globally, stock markets were mixed in holiday-thinned trading ahead …
US film studio shares slip on Trump tariff threat Read More »
