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Asian markets skid into weekend as trade fears cast a pall
Asian markets limped into the weekend on Friday following a tepid lead from Wall Street as the optimism stoked by a dovish US Federal Reserve meeting gave way to long-running fears about President Donald Trump's tariff agenda.
Japan's core inflation rate slows to 3% in Feburary
Japan's core inflation rate decelerated in February, government data showed Friday, with prices excluding fresh food rising 3.0 percent year-on-year in the world's fourth-largest economy.
Chinese electric car maker BYD aims for Europe boost
Chinese carmaker BYD on Thursday vowed to conquer Europe with a new compact electric model and super-fast charging capability to rival continental brands. The European Union has imposed a 17-percent tariff on Chinese electric vehicles to make up for Chinese state subsidies.
Italy says Baku Steel submits 'best offer' for ex-Ilva plant
A year after ousting ArcelorMittal, Italy is preparing to hand over control of its giant ex-Ilva steelworks to Azerbaijan's Baku Steel, the industry minister said Thursday. Baku Steel currently operates a steel plant in Baku, the capital of Azerbaijan, with a production capacity of 800,000 tonnes per year.
Explosive Meta memoir tops US best-seller list
A scathing book about Facebook parent company Meta, whose author has been barred from promoting her work, entered at the top of the New York Times bestseller list after its first week of release in the United States. An arbitration court granted Meta's request to bar Wynn-Williams from promoting the book or making derogatory statements about the company.
Embattled Tesla recalls Cybertrucks over risk of panel detachment
Tesla is recalling more than 46,000 Cybertrucks because of a defect that can lead an exterior panel to detach, increasing the risk of a crash, according to a safety notice reviewed Thursday by AFP. The recall affects essentially all of the futuristic-looking vehicles delivered in the United States.
Swiss cut rates again over global economic 'uncertainty'
Switzerland's central bank cut its key interest rate on Thursday, citing the "high uncertainty" in the global economy triggered by US President Donald Trump's tariff wars. However, "This scenario for the global economy is currently subject to high uncertainty.
US existing home sales beat expectations in February
Sales of previously owned homes in the United States topped analysts' expectations in February, as increasing inventory allowed more buyers to enter the property market, according to industry data released Thursday. "Home buyers are slowly entering the market," said NAR chief economist Lawrence Yun.
NBA's Celtics sold for record $6.1 bn: Boston Globe
The NBA's Boston Celtics are being sold to the head of a California private equity firm for $6.1 billion, a record price for a US sports franchise, The Boston Globe reported Thursday. It said the $6.1 billion purchase price is the highest ever paid for a North American sports team, surpassing the $6.05 billion paid for the NFL's Washington Commanders.
AFP
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