AFP
20238 articles published since 08 Mar 2022
20238 articles published since 08 Mar 2022
The presidents of the United States, China and other Asia Pacific nations gather in Lima this week for an economic summit overshadowed by the prospect of a world embroiled in trade wars under Donald Trump.
Beleaguered aviation giant Boeing reached a last-minute settlement Monday with the family of a woman killed in the crash of a 737 MAX jetliner in 2019, averting a federal civil trial.
The liquidators of the defunct cryptocurrency exchange FTX have sued to try to claw back $1.8 billion paid by the company to competitor Binance the year before its bankruptcy, according to court documents filed Sunday. After FTX filed for bankruptcy in November 2022, a liquidation plan for the company's assets was approved in early October by federal judge John Dorsey.
Huge cranes loom over Peru's massive new Chinese-funded Chancay port, a symbol of Beijing's growing influence in South America which is set to be inaugurated by President Xi Jinping on Thursday.
In a bid to dodge a US lawsuit, Swiss chocolatier Lindt & Sprungli has scuppered its own claims about the excellence of its products -- a cornerstone of its marketing strategy. "In its defence strategy, the company has dismantled its own promises of quality," claimed the Swiss newspaper NZZ am Sonntag, raking over a September US court decision.
By the time most Londoners had rolled out of bed on Monday morning, Gary Marshall was already winding down for the day at New Covent Garden Market. "If you're here at one, two or three in the morning, it's like a little city with hundreds and hundreds of people," said Wanda Goldwag, chair of the Covent Garden Market Authority, which manages New Covent Garden Market.
China said Monday it will impose "temporary anti-dumping measures" on brandy imported from the European Union, deepening a trade standoff between Beijing and Brussels after similar measures last month. As well as the provisional brandy tariffs, Beijing has also launched anti-dumping probes into some European pork and dairy imports.
China's largest online shopping bonanza wraps up on Monday, with analysts and investors watching for signs that consumption is rebounding in the world's second-largest economy after recent efforts by Beijing to boost activity. This year's Singles Day could represent a major boon for retail giants as analysts watch for signs that recent measures are having an impact.
Asian markets fell Monday after China's keenly anticipated plans to support the world's number two economy fell short of expectations, while traders were also keeping tabs on Washington as Donald Trump puts his cabinet together after last week's election win. "Yet President-elect Donald Trump’s policy proposals could lead to heightened macroeconomic volatility.
AFP
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