AFP
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Author's articles
Defying headwinds, Germany stocks hit milestone
Germany's blue-chip DAX stock index jumped above 20,000 points for the first time Tuesday following gains on US and Asian markets, defying multiple headwinds battering Europe's biggest economy. The index, which groups the 40 largest publicly-traded companies on the Frankfurt Stock Exchange, reached 20,022 points at around 0900 GMT before slightly paring its gains.
China curbs exports of key chipmaking components to US
Beijing said Tuesday it would restrict exports to the United States of some key components in making semiconductors, after Washington announced curbs targeting China's ability to make advanced chips. In its own latest curbs, Washington on Monday announced restrictions on sales to 140 companies, including Chinese chip firms Piotech and SiCarrier, without additional permission.
US 'disappointed' after plastic pollution talks collapse: White House
The US government said Tuesday it was "disappointed" after nations negotiating a global treaty to curb plastic waste failed to reach a deal, blaming a "small group" of countries and producers for blocking progress. "A small group of countries and producers stood in the way of progress to protect their profits and perpetuate an inadequate status quo," it said.
China lifts final bans on Australian red meat as trade row nears end
China has fully lifted suspensions on Australian red meat, Canberra said Tuesday, dismantling one of the final barriers in a four-year trade war that hammered US$13 billion of exports. China lifted suspensions on eight Australian slaughterhouses in May this year but kept barriers in place for two facilities.
Biden kicks off two-day Angola visit
US President Joe Biden is in Angola on Tuesday for the first and only visit to sub-Saharan Africa of his presidency, which is focused on a major infrastructure project that is a counterpoint to China's investments.
Trump vows to defend US dollar hegemony, but is it under threat?
US President-elect Donald Trump has threatened retaliation against governments that challenge the US dollar, vowing "100 percent tariffs" on countries that undercut the US currency. The system has evolved since that time and several countries have stopped indexing their currencies to the dollar, but without challenging its status as the global reserve currency.
Vietnam court upholds death sentence for property tycoon
A Vietnamese court upheld the death penalty Tuesday for a property tycoon in a multi-billion dollar fraud case -- but said her life could still be spared if she paid back three quarters of the assets she embezzled. The court said Tuesday that if she returns three quarters of the stolen assets, her sentence could be reduced to life imprisonment.
Trump says will 'block' Nippon Steel from taking over US Steel
US President-elect Donald Trump on Monday said he would "block" a planned takeover of US Steel by Japanese company Nippon Steel, a deal worth $14.9 billion including debts. Days after the US election last month, Nippon Steel said it expected to close its takeover of the company before the end of the year, while US President Joe Biden was still in office.
Asian markets mixed after US-China chip move, euro hit by France woes
Asian traders shifted tentatively Tuesday as they battled to track another record on Wall Street owing to fresh China-US worries, while the euro extended losses on concerns of political and economic upheaval in France.
AFP
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