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Hong Kong, Shanghai lead losers on mixed day for Asian markets
Shares in Hong Kong and Shanghai sank Monday on a mixed day for Asian markets after data showing Chinese consumer prices slipped back into deflation stoked fresh concerns over the world's number two economy.
Energy industry meets after Trump tears up US green agenda
Top energy industry figures converge on Houston this week for their biggest gathering since Donald Trump returned to the White House to champion fossil fuels and undo Joe Biden's climate legacy. - The schedule for the five-day Houston CERA gathering lists three top Trump appointees, including Energy Secretary Chris Wright, who will open the proceedings on Monday morning.
7-Eleven to explore sell-offs with Couche-Tard ahead of potential merger
The Japanese owner of 7-Eleven said Monday it had agreed to jointly explore store sell-offs with Alimentation Couche-Tard (ACT) to address antitrust concerns ahead of a potential merger.
Mexico president says 'dialogue prevailed' in Trump tariff dispute
Mexico's President Claudia Sheinbaum credited "dialogue" Sunday for her US counterpart Donald Trump's decision to offer temporary relief on tariffs imposed on goods from her country.
After Poland spat, Musk vows Ukraine can keep Starlink
Billionaire industrialist and senior White House advisor Elon Musk vowed Sunday to maintain Ukraine's access to his Starlink satellite network, after a fierce online clash with Poland's outspoken foreign minister.
Trump declines to rule out 2025 US recession
President Donald Trump declined in an interview aired Sunday to rule out the possibility that the United States might enter a recession this year. But Trump's commerce secretary, Howard Lutnick, was more definitive when asked Sunday about the possibility of a recession.
US ends waiver for Iraq to buy Iranian electricity
Washington has declined to renew a sanctions waiver that allowed Iraq to buy electricity from neighbouring Iran, a spokesperson for the American embassy in Baghdad said on Sunday. "On March 8, the U.S. Department of State did not renew the waiver for Iraq to purchase Iranian electricity," the US embassy spokesperson said.
China-US trade war heats up with Beijing's tariffs to take effect
Trade tensions between the world's two leading economies are set to escalate on Monday, as Beijing begins levying tariffs on certain US agricultural goods in retaliation for President Donald Trump's latest hike on Chinese imports. After imposing a blanket 10 percent tariff on all Chinese goods in early February, Trump hiked the rate to 20 percent last week.
US takes rivalry with China to the high seas
The United States may still have the world's most powerful navy but it seems to have realised that this is no longer sufficient to reassert US supremacy over the high seas. - Gaps in US presence - While the United States may have the world's most powerful navy, its merchant fleet is not in such good shape, said Quintin.
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