
AFP
19234 articles published since 08 Mar 2022
19234 articles published since 08 Mar 2022
South Korea's economy unexpectedly contracted 0.1 percent in the first three months of this year, the country's central bank said Thursday, as the Asian export giant reels from months of political chaos and heightened trade tensions.
A year ago Zhang Chundong helped the firm he manages expand into Vietnam, part of a wave of Chinese businesses to choose the booming manufacturing hub since the trade war of US President Donald Trump's first term.
US Treasury Secretary Scott Bessent said Wednesday that Washington has "no currency targets" in its talks with Japan on tariffs, after repeated calls from President Donald Trump for a stronger yen. Bessent said Washington is looking at "tariffs, non-tariff trade barriers, currency manipulation and government subsidy of labor and fixed capital investment" in the negotiations with Japan.
South Korean chip giant SK hynix reported record quarterly profits Thursday thanks to soaring global demand for artificial intelligence, highlighting the firm's ability to weather mounting tariff threats.
Nintendo shares surged Thursday after the gaming giant boasted of higher than expected demand in Japan for pre-orders of its hotly anticipated Switch 2 console. An X post attributed to company president Shuntaro Furukawa published Wednesday said there had been 2.2 million pre-order applications for the new console in Japan.
A coalition of 12 American states filed a lawsuit Wednesday to challenge the Trump administration's tariffs, saying the president cannot institute the levies without the approval of Congress. In the lawsuit filed Wednesday, the states argue that the 1977 law invoked by Trump does not allow him to use emergency measures to impose tariffs, a power constitutionally reserved for Congress.
YouTube on Wednesday celebrated more than 20 billion videos being uploaded to the platform since the first clip debuted two decades ago. YouTube says that it now sees an average of some 20 million videos uploaded daily.
US President Donald Trump on Wednesday played up prospects of a "fair deal" on trade with China, but his top officials offered few details of how Washington might de-escalate its damaging tariff war with Beijing. Trump told reporters his country would have a "fair deal with China," adding that "everything's active" when asked if Washington was talking to Beijing.
US President Donald Trump's popularity has sunk since his riotous return to the White House, polls showed Wednesday, with Americans criticizing him on key issues of the economy and immigration. Results also show Americans losing confidence in Trump's ability to handle key issues such as the economy.
AFP
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