Stock markets slumped Monday over concerns about the global economy after US President Donald Trump announced tariffs on Canada, China and Mexico.Wall Street’s three main indices fell sharply in early trading but clawed back ground after Trump postponed the introduction of tariffs on Mexico for one month.Trump announced on Saturday 25 percent levies on imports from …
Stock markets tumbled while the dollar rallied and oil prices rose Monday over concerns about the global economy after US President Donald Trump launched trade wars with Canada, China and Mexico.Wall Street’s three main indices fell sharply in early deals.The London, Paris and Frankfurt stock markets were in the red in afternoon trading as Trump warned …
Stock markets sink, dollar rallies on Trump tariffs Read More »
A sprawling business empire built by Hong Kong billionaire Li Ka-shing is caught in the crossfire as the extent of Chinese influence over the Panama Canal is debated.US Secretary of State Marco Rubio said last week it was “unacceptable” for Hong Kong-based companies to control the canal’s entry and exit points, arguing they could shut …
CK Hutchison: the Hong Kong firm behind Panama port operators Read More »
Stock markets slumped, the dollar rallied and oil prices rose Monday as US President Donald Trump eyed more tariffs after launching trade wars with Canada, China and Mexico, heaping pressure on the global economy.Asian equity indices mostly slid by the close, while in Europe the push lower was driven by Frankfurt with a fall of …
Stock markets sink, dollar rallies as Trump imposes tariffs Read More »
US President Donald Trump said he will discuss the punishing tariffs he has levied on Canada and Mexico with both countries on Monday, as markets sank on fears over the impact on the global economy.The 25 percent duties — footed by American companies importing from Mexico and Canada — sent European and Asian stocks slumping …
Trump announces tariff talks with Canada, Mexico as global stocks slump Read More »
US tech giant OpenAI on Monday unveiled a ChatGPT tool called “deep research” that can produce detailed reports, as China’s DeepSeek chatbot heats up competition in the artificial intelligence field.The company made the announcement in Tokyo, where OpenAI chief Sam Altman also trumpeted a new joint venture with tech investor SoftBank Group to offer advanced …
OpenAI announces new ‘deep research’ tool for ChatGPT Read More »
Hong Kong’s economic growth slowed to 2.5 percent in 2024 as residents increasingly look to spend elsewhere, the city’s government said on Monday, warning that the year ahead will bring “heightened uncertainties”.The Chinese financial hub saw a post-pandemic rebound in 2023 after the city reopened to international business and travel but lost some momentum as …
Hong Kong’s economic growth slows to 2.5% in 2024 Read More »
Stock markets in Asia and Europe sank and the dollar surged Monday after Donald Trump signed off huge tariffs on China, Canada and Mexico, and warned the European Union would be hit “pretty soon”.Less than two weeks after moving back into the White House, the US president on Saturday made good on warnings that he …
Stocks drop, dollar rallies as Year of the Snake starts with bite Read More »
Samsung Electronics chief Lee Jae-yong was cleared again Monday of a raft of charges linked to a controversial 2015 merger which prosecutors claimed was designed to seal his control of the South Korean tech giant.Lee was orginally cleared of the charges in a trial last year, but prosecutors appealed against the verdict.”The evidence presented was …
South Korea appeals court upholds Samsung chief’s fraud acquittal Read More »
Asian stocks tanked and the dollar surged Monday after Donald Trump signed off huge tariffs on China, Canada and Mexico, and warned the European Union would be hit “pretty soon”.Less than two weeks after moving back into the White House the US president on Saturday made good on warnings that he would resume his hardball …
Asian stocks dive, dollar rallies as Year of the Snake starts with bite Read More »
