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Amid Trump trade tensions, WTO remains crippled arbiter
While US President Donald Trump unleashes trade wars and tariffs, the system for settling such disputes within the World Trade Organization has been paralysed for years -- by the United States. - Obama, Trump, Biden roadblock - The WTO was founded in 1995 as a successor to GATT, the General Agreement on Tariffs and Trade dating back to 1948.
Trump, China's Xi set to speak on tariff battle
US President Donald Trump and Chinese counterpart Xi Jinping are expected to speak by phone on Tuesday, just hours after slapping tariffs on each other's economies in an escalating trade war. White House Press Secretary Karoline Leavitt said on Monday that Trump was due to talk to Xi, but said Tuesday that "I don't have any updates on when that call will take place."
Despite tariff reprieve Canadians worry 'damage already done' to US ties
The trade war may be on hold, but in a Canadian border city where the unhindered flow of auto parts across the bridge to Detroit supports thousands of jobs, the future remains uncertain. Ford has been employing people in Windsor for more than 100 years and without auto jobs the city would be plunged into a "huge recession," he said.
Spain moves to slash working week to 37.5 hours
Spain's minority leftist government on Tuesday approved a plan to reduce the working week to 37.5 hours in one of the world's fastest-growing developed economies. The Socialists committed to reduce the working week from 40 hours to 37.5 hours without any loss of salary by the end of 2025 as part of their 2023 coalition deal with the far-left party Sumar.
Ferrari reports another record-breaking year
Italian luxury carmaker Ferrari posted another set of record results on Tuesday, with net profit surging to more than 1.5 billion euros last year. Ferrari had already posted a net profit for 2023, up 34 percent to 1.25 billion euros.
Ordinary Chinese stoic in the face of escalating US trade war
After China announced retaliatory tariffs against the United States, walkers along Shanghai's waterfront were stoic Tuesday in face of both the cold and the prospect of an escalating trade war. "The United States has been carrying out some very severe measures and policies against China.
Scottish whisky makers fear return of Trump tariffs
At the end of a wild peninsula battered by winds in west Scotland is a zero-carbon whisky distillery that's bracing for the possible return of US tariffs. Geopolitical trade tensions feel far away from the small Nc'nean distillery, tucked away in Drimnin on the sparsely populated Morvern peninsula, western Scotland.
Rare earths: strategic metals key to future technologies
Rare earths, which President Donald Trump hopes to secure from Ukraine as part of a deal for US aid, are strategic metals essential for industries developing computers, batteries, and cutting-edge energy technology.
Tequila maker Diageo axes sales target on Trump tariffs
Diageo, the maker of Guinness stout and Johnnie Walker whisky, scrapped Tuesday a key performance target with President Donald Trump's tariff plans set to sour its US sales of tequila and Canadian spirits. Diageo said the tariffs would hit its tequila portfolio, given it must be made in Mexico, as well as Canadian whisky.
AFP
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