
AFP
18440 articles published since 08 Mar 2022
18440 articles published since 08 Mar 2022
German premium carmaker BMW said Wednesday that it expected to largely ride out the impact of US tariffs over the coming year, and that it hoped to soften their impact. In a statement, BMW said it expects "some of the tariff increases to be temporary, with reductions from July 2025."
Asian equities rose Wednesday after China and the United States said they would hold trade talks at the weekend, fanning optimism that the superpowers can row back eye-watering tariffs that have heightened recession fears.
Sara, a Dubai-based journalist, joined the US-funded Alhurra TV news channel hoping for job security. Another Alhurra journalist in Dubai, who also did not want to be named, said he was facing an "uncertain professional future" after eight years at the channel.
Weeks after Donald Trump's global tariff bombshell, Jeff Chen's factory in Taiwan is as busy as ever turning out carbon and alloy wheels for high-end bicycles bound for US and European markets. Taiwan bicycle industry expert Michelle Hsieh said the island's success in targeting the high-end market was down to "hidden champions" in the supply chain.
Visitors mill around a bright red hilltop pagoda in southwestern China, gazing down at a sprawling cigarette factory whose deadly output has put an otherwise unremarkable city on the map.
China on Wednesday eased key monetary policy tools in a bid to boost its ailing economy as it struggles with the effects of weak consumption and the trade war with the United States.
The US Federal Reserve faces a tough choice Wednesday as it contends with President Donald Trump's tariff rollout: Prioritize tackling inflation by holding interest rates high, do nothing, or stimulate growth and employment by cutting them?
Senior US and Chinese officials will travel to Switzerland later this week to kickstart stalled trade talks following President Donald Trump's sweeping tariff rollout, according to statements from both countries. The talks mark the first official public engagement between the world's two largest economies to resolve a trade war escalated by Trump shortly after his return to office in January.
A US jury on Tuesday handed WhatsApp a major victory in its cyberespionage suit against NSO Group, ordering the Israel-based firm to pay some $168 million in damages. A jury on Tuesday found that NSO should pay WhatsApp $444,719 in compensatory damages and another $167,254,000 in punitive damages intended to discourage repeating the behavior that landed it in court.
AFP
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