The recent escalation in US-China trade tensions, marked by the imposition of significant tariffs on Chinese electric vehicles (EVs) and a subsequent Chinese anti-dumping probe, signals the potential onset of a renewed trade war between the world’s two largest economies. The news builds on President...
photo: Creative Commons / Zotyefan https://creativecommons.org/licenses/by-sa/4.0/deed.en
photo: AP / Peter Dejong, File
Europe recorded most of the contracts, with 381 contracts in Q1 2024, followed by North America and Asia with 345 and 229 contracts, respectively during the quarter. Global oil and gas contracts activity witnessed a decline of 15% in the number of contracts, from 1,346 in Q4 2023 to 1,142 in Q1...
photo: AP / Marc Israel Sellem
Apple has launched an aggressive discounting campaign on its official Tmall site in China, offering discounts of up to 2,300 yuan ($318) on select iPhone models. The discounting comes as the US tech giant seeks to defend its...
photo: Creative Commons / Diipmok Lauk https://creativecommons.org/licenses/by-sa/4.0/deed.en
Economists already think China’s latest plan to end its property crisis is too little, too late – again. Yet the creative thinking behind it – essentially, a state-backed apartment-buying spree – is generating hope that Xi Jinping’s team could be on the verge of a breakthrough to tame deflationary...
photo: AP / Mark Schiefelbein
HONG KONG (AP) — Asian stocks advanced Monday after U.S. stock indexes drifted around their records on Friday with the Dow Jones Industrial Average closing above 40,000 for the first time. U.S. futures rose, and oil prices climbed as investors focused on the Middle East, where a helicopter carrying...
photo: AP / Eugene Hoshiko
May 17 - Gold prices held steady on Friday and were on track for a second consecutive weekly gain, as recent U.S. economic data prompted traders to raise bets of an interest rate cut from the Federal Reserve later this year. Gold prices set for second weekly gain on FUNDAMENTALS Unlock exclusive...
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