China has rushed ahead in recent years as the world’s forerunner in wind energy, propelled by explosive local demand as Beijing aggressively pursues strategic and environmental targets.Goldwind — the country’s sector champion — is set to publish financial results for last year on Friday, offering a window into how its domestic operations and overseas expansion …
Clean energy giant Goldwind leads China’s global sector push Read More »
Australia’s competition regulator gave the go-ahead Friday for Qatar Airways to launch an alliance with Virgin Australia.The decision clears Qatar Airways to cooperate for five years in an “integrated alliance” with the Australian carrier, in which it will take a 25-percent stake.The pact would double flights between Doha and major Australian airports, the Australian Competition …
Regulator clears Qatar Airways-Virgin Australia alliance Read More »
World powers on Thursday blasted US President Donald Trump’s steep tariffs on imported vehicles and parts, urging retaliation as trade tensions intensify and price hikes appear on the horizon.Major car exporter Germany called for a firm response from the European Union, while Japan said it “will consider all options.”Canadian Prime Minister Mark Carney said Thursday …
Trump’s auto tariffs spark global outcry as price hikes loom Read More »
Automakers were battered Thursday as stock markets fell on both sides of the Atlantic after US President Donald Trump announced significant tariffs on imported vehicles and parts, pressing ahead with tough trade policies many fear will spark a recession.On Wall Street, the Dow, the tech-heavy Nasdaq and the broad-based S&P 500 all slipped, with General …
Autos lead market losses after Trump unveils sharp tariffs Read More »
The 25 percent tariffs on automobiles announced by President Donald Trump are meant to revitalize American industry, but Detroit’s giants were stunned Thursday by their scale and faced a beating on Wall Street.While the implementation of the tariffs had been anticipated for weeks, their details surprised manufacturers and experts as the levies will not only …
US auto industry stunned by tariffs meant to save it Read More »
Australian Prime Minister Anthony Albanese said Thursday he would call a general election “imminently”, with local media reporting the poll would be held on May 3.Albanese’s left-leaning Labor government is nearing the end of its three-year term and must hold an election by May 17 at the latest.Recent polls show the government is neck-and-neck with …
Australian PM to call May 3 general election: reports Read More »
China rebuffed on Thursday a suggestion from US President Donald Trump that he might offer to reduce tariffs on the country to get Beijing’s approval for the sale of popular social media platform TikTok.Trump said this month the United States was in talks with four groups interested in acquiring TikTok, with the app facing an …
China rebuffs Trump offer of tariff concessions if Beijing agrees TikTok deal Read More »
Japan’s government warned Thursday of a “significant impact” on its economic ties with the United States and on global trade, after President Donald Trump announced import tariffs on cars.Tokyo is one of Washington’s closest economic and strategic allies, with its firms the biggest investors in the United States and one in 10 Japanese jobs tied …
Japan warns of ‘significant impact’ from US tariffs Read More »
US President Donald Trump has announced steep tariffs on auto imports and parts, provoking threats of retaliation from trading partners ahead of further promised trade levies next week.Wall Street slumped ahead of Trump’s Wednesday afternoon announcement, while the world’s top-selling automaker Toyota plunged more than three percent.Japan’s government described the announcement as “extremely regrettable,” while …
Trump announces 25% tariffs on foreign-built vehicles Read More »
A plunge in automakers hit Asia equities Thursday after Donald Trump announced painful tariffs on all imported vehicles and parts as he presses hardball trade policies many fear will spark a recession.Indications that levies lined up for the president’s “Liberation Day” on April 2 would be less severe than feared had given investors a little …
Autos lead Asian market losses after Trump’s latest tariffs salvo Read More »
