Wall Street stocks were mixed at the end of a choppy session Wednesday as US President Donald Trump signaled plans for tariffs on the European Union.While the Dow retreated, the tech-focused Nasdaq pushed higher in anticipation of earnings from artificial intelligence giant Nvidia.After the trading day, Nvidia reported net income of $22 billion on an …
US stocks mixed as investors weigh latest Trump tariff broadside Read More »
Indonesia has struck a deal with Apple for the tech giant to invest in the country, its industry minister and the company said Wednesday, in a move that could end a ban on iPhone 16 sales in Southeast Asia’s biggest economy. The government in October prohibited the marketing and sale of the model over the US …
Indonesia agrees deal with Apple that could end iPhone sales ban Read More »
Hong Kong’s finance chief unveiled a “belt-tightening” budget on Wednesday that aimed to end the city’s string of record-high deficits by 2028 while seeking growth in areas such as artificial intelligence.Annual deficits exceeded US$22 billion in four of the past five years, according to official figures — the worst balance sheet since the former British …
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The EU’s top team is to embark on an “unprecedented” visit to India this week, as the bloc seeks to broaden its commercial and diplomatic ties to hedge against souring relations with the United States.EU chief Ursula von der Leyen and her college of commissioners are to hold talks with Prime Minister Narendra Modi and his …
Shunned by US, Europe courts India over trade and security Read More »
Shares of the US electric vehicle pioneer Tesla plunged Tuesday, leaving its market value below $1 trillion as investors digested disappointing European sales and chief executive Elon Musk’s aggressive foray into politics.The auto giant sold less than 10,000 units in Europe last month, down around 45 percent from a year earlier.Tesla’s shares fell finished down …
Tesla sinks below $1 tn market value as European auto sales slump Read More »
Global stock indices slid on Tuesday, with tech shares especially weak, after data showed US consumer confidence slumped amid unease over President Trump’s tariff plans. US consumer confidence in February saw its largest monthly decline since August 2021, according to a Conference Board survey that comes on the heels of other lackluster US reports.”Consumers’ confidence has …
Stocks slide as US consumer confidence tumbles, tech slumps Read More »
Japan’s biggest airline ANA Holdings announced Tuesday it will purchase 77 new aircraft from Boeing, Airbus and Embraer to replenish its fleet in order to serve growing passenger demand domestically and internationally. The order will be valued at a total of 2.1 trillion yen (about $14 billion) at catalogue prices before discounts, the company said, adding …
Japan’s ANA to purchase mega-order of 77 new jets Read More »
The Indonesian government has agreed to terms with Apple to lift a ban on sales of the iPhone 16 model, a government source familiar with the matter told AFP on Tuesday, ending months of negotiations between Jakarta and the tech giant.Indonesia in October prohibited the marketing and sale of the iPhone 16 model over Apple’s …
Indonesia agrees to terms with Apple to lift iPhone sales ban: source Read More »
US electric vehicle giant Tesla has started offering advanced self-driving functions for its cars in China, including autopilot on city streets, the company announced on Tuesday.The announcement comes after years of attempts to overcome regulatory hurdles blocking the update of such features in the world’s largest automobile market.Tesla said in a statement on its WeChat …
Tesla rolls out advanced self-driving functions in China Read More »
South Korea’s central bank on Tuesday slashed interest rates and its annual growth forecast as it looks to bolster the economy in the face of US tariffs and the fallout from President Yoon Suk Yeol’s brief declaration of martial law last year.Asia’s fourth-largest economy expanded less than expected in the final three months of 2024 …
S. Korea’s central bank cuts rate, growth outlook over tariff fears Read More »
