Asia Business

BRICS leaders meeting in Rio de Janeiro on Sunday are expected to decry US President Donald Trump’s “indiscriminate” trade tariffs, saying they are illegal and risk hurting the global economy. Emerging nations, which represent about half the world’s population and 40 percent of global economic output, have united over “serious concerns” about US import tariffs, according …

BRICS nations voice ‘serious concerns’ over Trump tariffs Read More »

Thousands of local tourists poured into China’s first-ever Legoland as it opened its gates in Shanghai on Saturday, the latest theme park hoping to capitalise on a domestic tourism boom.The Chinese branch of the British-owned theme park franchise is the biggest Legoland in the world.It drew in early customers who flocked to attractions including a …

China’s first Legoland opens to tourists in Shanghai Read More »

Vietnam announced on Saturday its economy grew 7.52 percent in the first half of 2025, the highest in more than a decade as exports soared.The strong growth figure comes just days after southeast Asian manufacturing hub averted the most punishing of US President Donald Trump’s threatened “reciprocal” tariffs on its exports.”GDP in the first six …

Vietnam posts 7.5% growth in first half of 2025 Read More »

France on Friday praised China’s steps to settle a trade dispute over European brandy imports but warned that “major issues” remained unresolved.The signs of a thaw in the row over the alcohol came as China’s Foreign Minister Wang Yi met French President Emmanuel Macron and Foreign Minister Jean-Noel Barrot in Paris.In recent months China and …

France says ‘major issues’ remain despite brandy price accord with China Read More »

Stock markets mostly fell while the dollar largely retreated Friday as international tensions over tariffs dominated sentiment.Traders digested news also of Congress narrowly passing US President Donald Trump’s signature tax and spending bill that analysts argue risks ballooning national debt and wider inflation. On tariffs, Trump said he planned to start sending letters informing trading partners …

Stocks, dollar drop as tariff talk dominates Read More »

Wall Street stock indices finished at fresh records Thursday following solid US jobs data as President Donald Trump’s sweeping budget bill successfully reached the congressional finish line.The US economy added 147,000 jobs in June while unemployment dipped to 4.1 percent from 4.2 percent, a sign of US labor market resilience despite the White House’s wave …

Stocks climb as strong US jobs data soothes growth worries Read More »