Asia Business

US President Donald Trump’s tariffs on Japanese goods are a “national crisis”, Prime Minister Shigeru Ishiba said Friday ahead of cross-party talks on mitigating the impact on the heavily export-dependent economy.Japanese firms are the biggest investors into the United States but Trump on Thursday announced a hefty 24 percent levy on imports from the close …

Japan PM says Trump tariffs a ‘national crisis’ Read More »

South Korea’s Constitutional Court on Friday unanimously upheld President Yoon Suk Yeol’s impeachment over his disastrous martial law declaration, stripping him of office and triggering fresh elections after months of political turmoil.Yoon, 64, was suspended by lawmakers over his December 3 attempt to subvert civilian rule, which saw armed soldiers deployed to parliament. He was …

South Korea court ousts impeached president Yoon Read More »

Equities extended losses in Asia on Friday, extending a global rout inflicted by Donald Trump’s tariff blitz that has inflamed a trade war and ramped up recession and inflation fears.The US president’s harsher-than-expected “Liberation Day” levies sent shockwaves through markets on Thursday, with Wall Street suffering its worst day since the early days of the …

Asian stocks extend global rout after Trump’s shock tariff blitz Read More »

Wall Street led a global markets bloodbath Thursday as countries around the world reeled from President Donald Trump’s trade war, while the White House insisted the US economy will emerge victorious.Shock waves tore through markets in the United States, Europe and Asia after Trump’s tariff bombshell, as foreign leaders signaled readiness to negotiate but also …

Trump defiant as tariffs send world markets into panic Read More »

Stock markets and the dollar tumbled Thursday after President Donald Trump’s latest worldwide tariff salvo fanned a trade war that many fear will spark recession and ramp up inflation.The dollar slumped by as much as 2.6 percent versus the euro, its biggest intraday plunge in a decade, and suffered sharp losses also against the yen …

Trump tariffs hammer global stocks, dollar and oil Read More »

Stock markets and the dollar tumbled Thursday after President Donald Trump’s latest worldwide tariff salvo fanned a trade war that many fear will spark recession and ramp up inflation.The dollar slumped by as much as 2.6 percent versus the euro, its biggest intraday plunge in a decade, and suffered sharp losses also against the yen …

Trump tariffs hammer global stocks, dollar and oil Read More »

The historic Lutetia hotel in Paris, which was occupied by the Nazis during World War II and after liberation served as a welcome centre for concentration camp survivors, was on Thursday taken over by luxury hotel group Mandarin Oriental.Situated in the centre of the Left Bank area of the French capital, the Art Deco institution …

Iconic Paris hotel Lutetia taken over by Mandarin Oriental Read More »

US President Donald Trump’s tariffs were “highly unreasonable” and the government planned to start “serious negotiations” with Washington, Taipei said Thursday.Taiwan had sought to avoid Trump’s threatened levies by pledging increased investment in the United States, more purchases of US energy and greater defence spending.But Trump’s sweeping new tariffs announced overnight included a hefty 32 …

Taiwan says US tariffs ‘highly unreasonable’ Read More »

At a garment factory in Ho Chi Minh City that exports T-shirts and underwear to the United States, staff were alarmed by “shocking” trade tariffs imposed on Vietnam that could severely impact their business.A manufacturing powerhouse that counted the United States as its biggest market last year, the Southeast Asian nation was hammered with a …

‘Shocking’: US tariffs worse than feared for Vietnamese exporters Read More »