AFP
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Crackdown on opposition tips Turkey into financial turbulence
The arrest of Turkish President Recep Tayyip Erdogan's leading political opponent has sparked a financial firestorm and thrust the hardline leader's economic policies under scrutiny. He has spent two years trying to draw back investors who had turned away from Turkey due to political tensions and Erdogan's unorthodox monetary policy.
Hyundai announces new $21 billion investment in US manufacturing
South Korean auto giant Hyundai on Monday announced a multi-billion-dollar investment in the United States, including a new $5.8 billion steel plant. Hyundai's announcement makes it the latest firm to announce plans to invest billions of dollars into the United States since Donald Trump's return to power in January.
Shakira concerts give multimillion-dollar boost to Mexico
Shakira fans flocking to see the Colombian star in concert are generating tens of millions of dollars for Mexico, according to the local chamber of commerce, underscoring the economic signicifance of major musical events.
Trump to impose sharp tariff on countries buying Venezuelan oil
US President Donald Trump announced Monday steep tariffs on imports from countries buying oil and gas from Venezuela, a punitive measure that could hit China and India, among others, and sow fresh global trade uncertainty. These could hit China and India, with experts noting that Venezuela exports oil to both those countries, as well as the United States and Spain.
Genetic testing firm 23andMe files for bankruptcy
Genetic testing firm 23andMe files for bankruptcy
UK targets spending cuts to mend public finances
Britain's Labour government will deliver a highly anticipated fiscal update on Wednesday, with finance minister Rachel Reeves expected to detail billions of pounds of spending cuts to address the country's struggling economy.
Chinese EV giant BYD surpasses rival Tesla with record 2024 revenue
Chinese carmaker BYD saw a surge in revenue last year, surpassing the $100 billion mark and beating rival Tesla as the electric vehicle giant accelerates its overseas expansion. That figure eclipsed the $97.7 billion in revenue last year announced previously by Tesla.
Greenland PM denounces US 'foreign interference' ahead of visit
Greenland's prime minister, Mute Egede, accused Washington on Monday of interfering in its political affairs by sending a US delegation to the Danish territory, which is coveted by US President Donald Trump. - Coveted region - With no officials to welcome the US delegation, "they will be pushing this point that ok, nobody's in control here, there's a need for us to step in", Pram Gad said.
Asian markets fluctuate as traders prepare for 'Liberation Day'
Asian markets swung on Monday as the White House prepares to impose tariffs on key trading partners next week that many fear could deal a painful blow to the global economy. Still, Asian investors struggled to get the week off to a strong start, with markets fluctuating through the morning.
AFP
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