AFP
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Trump suggests lower China tariff, says 80% 'seems right!'
US President Donald Trump signaled on Friday that he could lower tariffs on Chinese imports, as the rival superpowers prepare for trade talks over the weekend. Chinese official data on Friday showed that the country's global exports rose in April despite the trade war.
Swiss seize window of opportunity on Trump tariffs
Switzerland will once again Friday try to talk its way out of punitive tariffs on its exports to the United States, which would have serious ramifications for Swiss jobs and businesses.
British Airways owner unveils big Boeing, Airbus order
IAG, owner of British Airways and Spanish carrier Iberia, announced Friday a multi-billion dollar order for Boeing and Airbus planes, as it maintained its outlook despite economic uncertainty. The orders are in addition to those exercised in March for 12 Airbus and six Boeing planes, bringing the total number announced Friday to 71.
Japan's Panasonic targets 10,000 job cuts worldwide
Japanese electronics giant Panasonic, which supplies batteries to Tesla, said Friday it will target 10,000 job cuts worldwide as part of efforts to boost profitability. Job cuts would be needed "in order for us to perform at a competitive level against other firms", he told the Nikkei.
German lender Commerzbank's profits jump as it fends off UniCredit
German lender Commerzbank on Friday reported its best quarterly profit since 2011, ahead of a key shareholder meeting where it will seek to rally support to fend off advances from Italy's UniCredit. Commerzbank's bosses are set to use an annual general meeting next Thursday to rally support for their strategy to remain independent.
China sales to US slump even as exports beat forecasts
China said Friday sales to the United States slumped last month while its total exports topped forecasts, as Beijing fought a gruelling trade war with its superpower rival. However, exports to the United States -- one of China's top trading partners -- fell 17.6 percent month-on-month, data showed.
China can play hardball at looming trade talks with US: analysts
A formidable set of cards that includes granting access to its vast market and an ability to withstand economic pain will allow Beijing to play hardball in upcoming trade talks with the United States in Geneva, analysts say.
Chinese fabric exporters anxious for US trade patch-up
Surrounded by samples of silk and glittering tweed in one of China's largest fabric markets, textiles exporter Cherry said she was anxiously awaiting the result of trade talks with the United States this weekend. Sales to the United States made up 18 percent of China's total textiles and apparel exports in 2024, according to Moody's Ratings.
Asian stocks lifted by hopes for US-China talks after UK deal
Most Asian equities rose Friday on growing optimism that the worst of Donald Trump's trade war is past after he reached a deal with Britain and suggested he could lower tariffs on China as officials prepare for high-stakes talks this weekend.
AFP
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