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Trump tariffs weigh on Germany as institutes cut forecasts
Leading economic institutes Thursday slashed their 2025 growth forecast for Germany to near stagnation, warning Europe's struggling top economy will face extra pain from US President Donald Trump's tariff blitz.
Stocks zoom higher as Trump delays painful tariffs
Stocks rocketed Thursday as a relief rally spread through markets after Donald Trump paused crippling tariffs on US partners, with Chinese investors even brushing off his decision to ramp up duties on Beijing to 125 percent.
Taiwan's TSMC says first quarter revenue up 42 percent
Taiwanese chipmaking giant TSMC reported Thursday a better-than-expected revenue for the first quarter on strong demand for AI technology, after tariffs slapped onto major economies by US President Donald Trump caused global uncertainty.
Vietnam says it will start trade talks with United States
Vietnam and the United States agreed to start negotiations on a reciprocal trade agreement, Hanoi said on Thursday, hours after Washington delayed imposing an enormous tariff on the Southeast Asian manufacturing powerhouse.
Expo 2025 in Japan: five things to know
A multi-eyed mascot, a vast wooden Grand Ring, 160 countries and regions strutting their stuff, and robots and sushi galore: Expo 2025 begins Sunday in Osaka, Japan.
Trump's tariff pause gives market relief, but China trade war intensifies
US President Donald Trump abruptly paused tariffs on most countries, sparking euphoria on global markets Thursday, but upped the ante on a brutal trade war with superpower rival China.
Asian stocks crack higher as Trump delays painful tariffs
Asian stocks rocketed Thursday as investors breathed a huge sigh of relief after Donald Trump announced a pause on crippling tariffs on US partners, with Chinese markets even brushing off his decision to ramp up duties on Beijing to 125 percent.
Cannes to unveil film selection under pressure over industry abuse
The Cannes Film Festival was on Thursday set to unveil the movies that will vie for its coveted Palme d'Or prize next month amid pressure on its bosses to take a stand on tackling abuse in the entertainment industry.
Companies keen to start deep-sea mining off Norway
Companies are raring to explore the Arctic seabed off Norway, which could become the first country in Europe to allow deep-sea mining -- much to the dismay of environmentalists.
China consumer prices slump for second straight month: data
Consumer prices in China fell in March for the second straight month, official data showed Thursday, as the world's second-largest economy struggles to boost spending and a trade war with the United States deepens.
US stocks soar on Trump tariff reversal, oil prices jump
Wall Street stocks rocketed higher Wednesday following President Trump's shock move to pause many new tariffs, lifting an equity market beaten down by days of losses amid rising recession worries.
Author of explosive Meta memoir stars at US Senate hearing
The former Facebook employee behind a scathing book about parent company Meta on Wednesday alleged that the social networking giant collaborated with the Chinese government on artificial intelligence, censorship and more, then lied to Congress about what it was doing.
Trump stuns with tariff backtrack but punishes China
US President Donald Trump abruptly paused tariffs on most countries Wednesday after admitting they made the markets nervous, but doubled down on a brutal trade war with superpower rival China.
Strength in numbers: Latin America urges unity in face of Trump tariffs
Latin American leaders on Wednesday urged a united front to tackle US President Donald Trump's tariff onslaught and the economic uncertainty it has brought.
Volkswagen says first-quarter profits impacted by Trump tariffs
German auto giant Volkswagen said Wednesday that tariffs on car imports into the United States ordered by President Donald Trump had dragged down its first quarter operating profit.
Pentagon chief in Panama vows to counter China 'threat'
US Defense Secretary Pete Hegseth said Wednesday during a visit to Panama that the United States does not seek war with China, but will counter what he called the threats it poses in the Americas.
Trump tells US to 'be cool' as China, EU strike back
US President Donald Trump brushed off global market panic Wednesday after China and the European Union announced retaliatory tariffs, telling Americans to stay "cool" despite his spiraling trade war.
Delta to trim capacity in light of weakening travel demand
Delta Air Lines withdrew its full-year profit forecast Wednesday and shelved some planned capacity hikes, pointing to a weakening demand outlook amid recession worries and worsening trade wars.
Trump trade war escalates as China, EU counterattack
US President Donald Trump's trade war boiled over on Wednesday as China and the European Union adopted retaliatory tariffs against US goods, fuelling fresh market volatility.
Stocks volatile, oil plunges as trade war cranks higher
Wall Street rose but European and Asian stock markets tumbled along with oil on Wednesday as President Donald Trump's trade war cranked up a notch.
US Treasury chief defends tariffs, warns against aligning with China
US Treasury Secretary Scott Bessent warned countries Wednesday against aligning with China on trade, as he defended President Donald Trump's move to remake the world's biggest economy through sweeping tariffs that have stoked market turmoil.
Beijing consumers mull spending habits as 'worrying' tariffs kick in
Chinese consumers in Beijing mulled their their spending habits and said they are prepared to forego American brands if that means avoiding the pinch from the escalating trade war with the United States.
Tata Steel to cut jobs at Dutch plant by 15%
Indian-owned steelmaking giant Tata Steel announced Wednesday it was slashing around 1,600 of the 9,200 jobs at its plant in the Netherlands, sparking a furious reaction from union leaders.
Tata Steel to cut jobs at Dutch plant by 15 pct
Indian-owned steelmaking giant Tata Steel announced Wednesday it was slashing around 1,600 of the 9,200 jobs at its plant in the Netherlands, sparking a furious reaction from union leaders.
China hawk Peter Navarro has Trump's ear
President Donald Trump's punishing tariffs on countries around the world, including a 104 percent increase in duties on China, bear the fingerprint of Peter Navarro, a Harvard-trained economist who has long warned against a rising Beijing.
'Catastrophe': Volkswagen town rattled by Trump trade war
The dour mood at Germany's crisis-hit auto giant Volkswagen has given way to angst and fury as US President Donald Trump has escalated a trade war against friends and foes alike.
Greek general strike hits transport and commerce
More than 15,000 people took to the streets in Greece on Wednesday in the second 24-hour general strike this year, calling for higher wages to match the rising cost of living.
Beijing consumers mull spending habits as tariffs kick in
Chinese consumers in Beijing mulled their their spending habits and said they are prepared to forego American brands if that means avoiding the pinch from the escalating trade war with Washington.
Trump's steep tariffs trigger fresh market panic
US President Donald Trump reignited market turmoil on Wednesday as punishing tariffs on dozens of countries kicked in, with China set to retaliate after being hit with levies topping 100 percent.
China seeks to 'tariff-proof' economy as trade war with US deepens
China is trying to tariff-proof its economy by boosting consumption and investing in key industries, but analysts say it remains critically vulnerable to the economic storm triggered by Donald Trump's 104 percent levies on its goods.
Some US consumers in 'survival mode' as Trump tariffs arrive
American consumers braced for pain even ahead of President Donald Trump's hefty tariffs on imported products, which came into effect overnight Tuesday into Wednesday.
Japan to sell more rice reserves as prices soar
Japan will sell more rice from its emergency stockpile through July in an attempt to stabilise soaring prices, the agricultural minister said Wednesday.