“I almost, like, don’t know how to define myself without TikTok,” content creator Ayman Chaudhary sighed, reflecting the consternation of millions over US authorities’ scheduled banning Sunday of the hugely popular app.After months of legal tussles, the US Supreme Court on Friday upheld a law that would ban the video-sharing platform — used by 170 …
‘More sad than shocked’: TikTok users brace for ban Read More »
Global equities rallied on Friday as traders digested corporate results and prepared for US President-elect Donald Trump’s inauguration next week, pushing London’s benchmark FTSE 100 and Frankfurt’s DAX 40 index to new all-time highs.All three major indices on Wall Street closed higher, with the Nasdaq Composite propelled by a rise in tech stocks. “The sentiment in …
Global equities rally, pushing London and Frankfurt to new records Read More »
The United States unveiled a new rule Friday to tighten an exemption allowing low-value imports to enter the country duty-free, taking aim at Chinese shipments that might be benefiting from it.The proposal disqualifies certain products from the low-value, or “de minimis,” exemption, which allows goods valued at $800 or below to come into the United …
US to tighten trade rules to hit low-cost China shipments Read More »
London’s benchmark FTSE 100 and Frankfurt’s DAX 40 index reached all-time highs Friday as global equities rallied and the dollar climbed on renewed optimism for the global economy.The UK’s index of blue-chip companies jumped to 8,533.43 points, surpassing an intra-day record achieved in May last year of 8,474.41. “After years of trying, and failing, to play …
London, Frankfurt hit record highs as global equities rally Read More »
Donald Trump’s economic plans risk reigniting US inflation, International Monetary Fund (IMF) chief economist Pierre-Olivier Gourinchas told AFP, a few days before the president-elect returns to the White House. Trump’s proposals to hike tariffs and curtail immigration would likely constrain the supply side of the economy and push up prices, Gourinchas said in an interview.Other proposals …
Trump’s economic plans could cause inflation: IMF chief economist Read More »
London’s benchmark FTSE 100 index reached an all-time high Friday as global equities rallied and the dollar climbed on renewed optimism for the global economy.The index jumped to 8,490.84 points, surpassing an intra-day record achieved in May last year of 8,474.41. Around 1015 GMT, it stood at 8,484.67 points, up 1.1 percent compared with Thursday’s close.”After …
London stock market hits record high as global equities rally Read More »
China posted one of its slowest rates of economic growth in decades Friday, as leaders nervously eye a potential trade standoff with incoming US president Donald Trump.Beijing has announced in recent months its most aggressive support measures in years in a bid to reignite an economy suffering on multiple fronts, including a prolonged property market …
Chinese economic growth among slowest in decades Read More »
Consumers pinching pennies, businesses seeing fewer customers, and a pervading sense that the economy just isn’t bouncing back — the mood was grim in Beijing as China posted some of its lowest growth in decades.Government data on Friday showed the economy grew by five percent in 2024, hitting a much-touted government target but its lowest …
‘No money’: gloom on Beijing streets as economic growth slows Read More »
Asian markets were mixed Friday as data showing China’s economy grew slightly quicker than expected last year failed to inspire investors, with Beijing battling to revive consumption and boost the battered property sector.The five percent expansion was in line with the target set by Beijing but the weakest since 1990 — excluding the pandemic years …
Asian traders give mixed reaction as China’s economic growth slows Read More »
Nintendo shares tumbled as much as seven percent on Friday after the Japanese games giant failed to impress with a teaser video of its hotly awaited Switch 2 console.The brief clip released Thursday showed a gadget that is bigger but broadly similar in appearance to the original hybrid Switch, which can be handheld or connected …
Nintendo shares down on detail-light Switch 2 teaser Read More »
