AFP
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JPMorgan Chase CEO warns tariffs will slow growth
JPMorgan Chase CEO Jamie Dimon warned Monday that US President Donald Trump's tariffs will likely lift inflation, describing himself as "very cautious" in light of the rising recession risk.
EU split on targeting US tech over Trump tariffs
Should the European Union target US Big Tech and services in response to President Donald Trump's tariff onslaught? Backed by Germany and Austria, Paris has been pushing for the EU to consider targeting US services, including digital -- drawing fire from Ireland which relies heavily on US investment, particularly in the pharmaceutical and tech sectors.
Honda executive resigns over 'inappropriate conduct'
Honda's executive vice president resigned on Monday over "an allegation of inappropriate conduct", the Japanese automaker said. "It is deeply regrettable that an individual positioned as a leader in the management of the company, and who is expected to set an example for the respect of human rights... has become the subject of an allegation of conduct contrary to these principles," it said.
Major garment producer Bangladesh says US buyers halting orders
US buyers have begun halting orders from Bangladesh, the world's second-biggest garment manufacturer, after punishing US tariffs, leaders of the South Asian nation's critical industry warned on Monday. US President Donald Trump hit Bangladesh with punishing new tariffs of 37 percent on Wednesday, hiking duties from the previous 16 percent on cotton products.
The worst market crashes since 1929
Monday's stock market collapses in Asia and Europe after China retaliated to steep US tariffs revived memories of similar market turmoil after the Covid pandemic and the last global financial crisis. - 2020: Pandemic - Global stocks crashed in March 2020 after the World Health Organization declared Covid-19 a pandemic, putting much of the world under lockdown.
'Everyone is losing money': Hong Kong investors rattled by market rout
Hong Kong small-time investors were left reeling on Monday as US President Donald Trump's punishing tariffs and Beijing's retaliation saw the city's stock market suffer its worst day in almost three decades. Lawyer Ray Chan, 30, was among those left unscathed on Monday, as he sold all his Hong Kong and US shareholdings two weeks ago, netting gains in the seven figures.
Netanyahu and Trump to talk tariffs, Iran and Gaza
Israeli Prime Minister Benjamin Netanyahu was in Washington on Monday to meet Donald Trump, whom he will likely ask for a reprieve from US tariffs while seeking further backing on Iran and Gaza. Analysts said Netanyahu would seek to secure an exemption from the tariffs for Israel.
China vows to stay 'safe and promising land' for foreign investment
A top Chinese official has vowed to protect US firms and pledged his country will remain a "promising land" for foreign investment, Beijing said Monday, after it slapped 34 percent tariffs on US imports.
Texans warily eye impact of Trump's tariffs on their beloved trucks
Fearing that US President Donald Trump's 25 percent tariffs on imported cars and auto parts could spark "paranoia" among buyers and drive up prices, Arthur Bibbs has decided to go ahead and buy a secondhand truck now.
AFP
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