President Xi Jinping said China must “overcome” the challenges of developing core AI technologies including high-end chips, state media reported Saturday, as Beijing seeks to become a world leader in the rapidly developing industry.China aims to dominate the artificial intelligence sector, a goal complicated by the trade standoff with Washington that could further deprive Chinese …
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Rapidly deteriorating relations between India and Pakistan over a deadly shooting in Kashmir are starting to have small but prickly economic consequences for both nations.The killing of 26 men on Tuesday in Indian-administered Kashmir, the deadliest attack on civilians in the Himalayan region in a quarter of a century, triggered public outrage across the world’s …
India and Pakistan’s Kashmir fallout hits economy too Read More »
Wall Street stocks overcame early weakness Friday to push higher for a fourth straight positive session, following gains in most overseas equity markets.The upbeat session reflected a continuation of the market’s constructive trend after President Donald Trump said Tuesday he has no intention of firing Federal Reserve Chair Jerome Powell.The administration has also adopted a …
US stocks extend rally as market eyes busy calendar next week Read More »
Chinese companies such as BYD made their name producing some of the world’s best electric vehicles ahead of the curve but they have turned to an old-school solution to extend the range of some of their newest models — the petrol generator. At the huge industry show Auto Shanghai this week, BYD’s luxury Yangwang U8 SUV …
Chinese companies extend electric vehicle range with petrol generators Read More »
US President Donald Trump has insisted Chinese leader Xi Jinping called him despite Beijing denials of any contact between the two countries over their bitter trade dispute.In an interview conducted on April 22 with TIME Magazine and published Friday, the US president did not say when the call took place or specify what was discussed.”He’s called,” …
TikTok abounds with viral videos accusing prestigious brands of secretly manufacturing luxury goods in China so they can be sold at cut prices.But while these “revelations” are spurious, behind them lurks a well-oiled machine for selling counterfeit goods that is making the most of the confusion surrounding trade tariffs.Chinese content creators who portray themselves as …
TikTok videos exploit trade war to sell fake luxury goods Read More »
China’s top leaders pledged on Friday to step up support for the economy and oppose “unilateral bullying” in global trade in a veiled rebuke of hefty tariffs imposed by US President Donald Trump.The world’s two largest economies are engaged in a high-stakes trade war that has spooked markets and spurred major manufacturers to reconsider supply …
China’s top leaders pledge economic support as trade war rages Read More »
Asian stocks climbed on Friday, buoyed by a rally on Wall Street, strong earnings from Google parent company Alphabet, and the prospect of diffusing tensions in US President Donald Trump’s trade war.US stocks rallied for a third straight session Thursday, shrugging off signs US trade deals with China and the European Union aren’t imminent.Beijing had …
Wall Street stocks pushed higher for a third day on Thursday but the rally fizzled elsewhere as China poured cold water on US President Donald Trump’s comments talking up prospects of a deal to end their trade war.US stocks tanked on Monday after comments by Trump sparked fears he would try to remove Federal Reserve …
US President Donald Trump’s promises of securing trade deals with major partners took another blow Thursday, with a French minister saying an agreement with the EU was “a long way” off and China insisting talks had not even started.Since returning to the presidency in January, Trump has imposed 10 percent tariffs on most trading partners, …
Trump trade deals appear distant as tariff tensions simmer Read More »
