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Chinese developer under scrutiny over Bangkok tower quake collapse
A Chinese construction company is facing questions over the deadly collapse of a Bangkok skyscraper -- the only major building in the capital to fall in a catastrophic earthquake that has killed more than 2,000 people in Thailand and neighbouring Myanmar. The Bangkok construction collapse is not the first time CREC and its subsidiaries have come under fire after deadly incidents.
Facing US tariffs, Canadians hunt for business in Europe
With his small steel mill facing hefty US tariffs, Canadian businessman Chris Wyatt is hunting for new European customers at the world's biggest industrial technology fair in Germany. The president slapped 25-percent tariffs on US steel and aluminium imports on March 12, and even briefly threatened to hike the duty to 50 percent on Canadian imports.
Trump says will be 'kind' with tariffs as deadline looms
US President Donald Trump said Monday he would be "very kind" to trading partners when he unveils further tariffs this week, risking global turmoil to address what he says are unfair trade imbalances. Critics warn that the strategy risks a global trade war, provoking a chain reaction of retaliation by major trading partners like China, Canada and the European Union.
Carmakers face doubts and jolts over US tariffs
Raise prices or cut into their margins, open or close factories: carmakers must soon make major decisions as the United States imposes stiff tariffs on imported vehicles. US manufacturers are still hoping that tariffs will be reduced on vehicles imported from Canada and Mexico, where they have numerous factories.
'Heartbreaking' floods swamp Australia's cattle country
Whole herds of cattle have drowned in vast inland floods seeping across the Australian outback, officials said Tuesday as the muddy tide drenched an area the size of France. Officials said more than 100,000 livestock -- cattle, sheep, goats and horses -- had been swept away, were missing, or had drowned.
French prosecutors demand Volkswagen face fresh Dieselgate trial
Prosecutors in Paris have called for German carmaker Volkswagen to face justice in France to compensate French consumers over the Dieselgate emissions fraud scandal, according to a court filing seen by AFP on Tuesday.
Asian markets edge back but Trump tariff fears dampen mood
Asian markets mostly rose Tuesday, clawing back some of the hefty losses suffered in recent weeks, though sentiment remains sluggish and gold hit another record high as Donald Trump prepares to unveil sweeping tariffs.
Political support leading to increasing fallout for crypto
Support for cryptocurrencies from US President Donald Trump or Argentine leader Javier Milei has seen investors lose billions of dollars and is damaging a sector struggling for credibility, researchers told AFP. "The entire crypto industry is being tarnished," said Claire Balva, strategy director for fintech company Deblock.
Trump tariffs threaten Latin American steel industry
Chile's largest steel plant shut down last year, yielding to cheaper production in China. Its Huachipato steelworks, the country's largest, shut down its blast furnaces for good.
AFP
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