Hong Kong will file a complaint with the World Trade Organization in response to heightened US tariffs on its goods, a government spokesperson said Friday, days after Beijing announced a similar move.US President Donald Trump over the weekend launched the opening salvo in an escalating trade war with China, imposing a 10 percent tariff hike …
Hong Kong to file complaint with WTO over US tariffs Read More »
Asian equities were mixed on Friday as investors headed into the weekend awaiting the release of US jobs data, while traders kept a nervous eye on Washington where President Donald Trump is pressing ahead with a hardball trade agenda.The week was on course for a tepid end, having begun with another bout of volatility after …
Most Asian equities advanced Friday as investors head into the weekend awaiting the release of US jobs data, while traders kept a nervous eye on Washington as the Trump administration presses ahead with a hardball trade agenda.The week appeared to be headed for a positive end after starting with another bout of volatility after the …
Most Asian markets rise ahead of key US jobs data Read More »
A team of Australian reptile catchers says it has topped the beloved children’s tale “The Hundred and One Dalmatians”, stumbling across a nest of 102 venomous snakes in a suburban backyard.Cory Kerewaro and his team were called to catch a pair of red-bellied black snakes spotted in a pile of gardening mulch in Sydney. They expected …
Australian team wrangles 102 venomous snakes from backyard Read More »
Panama on Thursday rejected the United States’ claim of securing free passage for its government vessels through the Panama Canal, while bowing to US pressure to quit a key Chinese project.Panamanian President Jose Raul Mulino told reporters the US assertion about the waterway was “intolerable,” adding that he rejected “bilateral relations based on lies and …
‘Intolerable’ US claim sparks new row over Panama Canal Read More »
US tariffs on Chinese imports and the closing of a customs loophole will wreak disruption on the business models of e-commerce giants Shein and Temu, with consumers potentially bearing the brunt of the cost, analysts say.Boasting an enormous selection of ultra-cheap items at a time when inflation has shrunk household spending power almost everywhere, Shein …
Shein, Temu face cost of adapting to new US customs rules Read More »
The EU on Thursday told online fashion giant Shein to hand over information on risks linked to illegal products on its site, paving the way for a second probe into the Chinese-founded firm.The European Commission announced the request a day after confirming it was investigating the low-cost e-commerce platform for not abiding by the bloc’s …
Nissan’s board is in the process of abandoning merger talks with Honda and could be open to other partners, a source close to the matter told AFP on Thursday and local media reported.The discussions unravelled after Honda proposed to make its struggling rival a subsidiary instead of the plan announced in December to integrate under …
Honda-Nissan merger talks ‘basically over’: source Read More »
South Korean ministries and police said Thursday they were blocking DeepSeek’s access to their computers, after the Chinese AI startup did not respond to a data watchdog request about how it manages user information.DeepSeek launched its R1 chatbot last month, claiming it matches the capacity of artificial intelligence pacesetters in the United States for a …
South Korea ministries, police block DeepSeek access Read More »
Wall Street stocks forged higher Wednesday, propelled by resurgent optimism about AI while oil prices tumbled on trade war uncertainty and bearish US petroleum inventory data.Shares of Google parent Alphabet took a hit, slumping around seven percent after the company announced plans to spend an eye-popping $75 billion in 2025 on AI development programs.But AI-linked …
Google shares slump but other AI gains lift US stocks Read More »
