Equities and oil plunged Wednesday after Donald Trump ramped up his trade war by hitting China with tariffs of more than 100 percent as sweeping measures against the United States’ dozens of partners came into effect.After a brief respite Tuesday from the panic-selling at the start of the week, investors were once again scurrying for …
Equities resume selloff as Trump cranks up trade war Read More »
US President Donald Trump’s punishing tariffs on dozens of economies came in force Wednesday, including over 100 percent in levies against Chinese goods, dramatically ramping up a devastating global trade war.Following the imposition of sweeping 10 percent tariffs have rocked the global economy since coming into force over the weekend, rates on imports to the …
Trump’s new tariffs take effect, with 104% on Chinese goods Read More »
Wall Street stocks sank again Tuesday while US oil prices hit a multi-year low as worries about President Donald Trump’s escalating trade wars erased rebound hopes following gains in Europe and Asia.After trillions of dollars were wiped from the combined value of global equity markets since last week, share prices across the globe clawed back …
The top US trade official on Tuesday defended President Donald Trump’s sweeping tariffs on nearly every other nation, telling US senators that with dozens of countries seeking a deal the strategy was “already bearing fruit.”Jamieson Greer’s appearance in Congress came with Republicans ringing alarm bells over Trump’s escalating trade war and Wall Street clamoring for …
Trump’s trade representative says tariffs ‘bearing fruit’ Read More »
Global temperatures hovered at historic highs in March, the EU agency that monitors climate change said on Tuesday, prolonging an unprecedented heat streak that has pushed the bounds of scientific explanation. In Europe, it was the hottest March ever recorded by a significant margin, said the Copernicus Climate Change Service. That drove rainfall extremes across a …
World’s ‘exceptional’ heat streak lengthens into March Read More »
Stock markets regained some ground on Tuesday, even as trade tensions between the United States and China escalated sharply after days of turmoil over US President Donald Trump’s tariffs offensive.Trump has upended the world economy with sweeping tariffs that have raised the spectre of an international recession, but has ruled out any pause in his …
Markets calmer despite growing US-China trade tensions Read More »
A raucous group of elderly investors held court at a Shanghai securities company on Tuesday, chatting loudly about the stock prices flickering on LED boards as Chinese markets stutteringly recovered from the brutal day before.Asian and European equities collapsed on Monday after China retaliated to President Donald Trump’s sweeping tariffs against US trading partners, as …
Shanghai’s elderly investors keep faith despite stock market woes Read More »
Indonesian stocks closed down nearly eight percent on Tuesday after a weeklong public holiday break, its biggest fall in more than a decade as uncertainty over US President Donald Trump’s global tariffs roil markets.Trump upended the world economy last week with sweeping tariffs that have raised fears of an international recession and triggered criticism even …
Indonesia stocks plunge on Trump tariffs after weeklong break Read More »
Vietnam will buy more US goods including security and defence products, the government said, as it seeks a last-minute delay to enormous tariffs imposed by Washington.The Southeast Asian manufacturing powerhouse counted the United States as its biggest export market in the first three months of the year, but its key customer has now hit it …
Vietnam says to buy more US goods as it seeks tariff delay Read More »
The Hong Kong firm in charge of two key Panama Canal ports has flouted the terms of its contract, according to a Panamanian audit released Monday, as US and Chinese firms fight for business on the waterway after President Donald Trump threatened to seize it.The audit found “many breaches” of the concession awarded to a …
Hong Kong firm did not uphold Panama Canal ports contract: Panama audit Read More »
