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Davos meet founder Klaus Schwab steps down from WEF board
Davos meet founder Klaus Schwab steps down from WEF board
by  AFP

The World Economic Forum said on Monday that its founder Klaus Schwab has stepped down from the board, turning a page in the history of the organisation that hosts the annual meeting of wealthy, famous and influential global elites at the luxury Swiss ski resort of Davos.

Vance in India for tough talks on trade
Vance in India for tough talks on trade
by  AFP

US Vice President JD Vance began a four-day visit to India on Monday as New Delhi looks to seal an early trade deal and stave off punishing US tariffs. India and the United States are negotiating the first tranche of a trade deal, which New Delhi hopes to secure within the 90-day pause on tariffs announced by Trump earlier this month.

Vance heads to India for tough talks on trade
Vance heads to India for tough talks on trade
by  AFP

US Vice President JD Vance begins a four-day visit to India on Monday as New Delhi looks to seal an early trade deal and stave off punishing US tariffs. India and the United States are negotiating the first tranche of a trade deal, which New Delhi hopes to secure within the 90-day pause on tariffs announced by Trump earlier this month.

Gold hits record, dollar drops as tariff fears dampen sentiment
Gold hits record, dollar drops as tariff fears dampen sentiment
by  AFP

Gold prices hit a fresh record Monday while the dollar weakened further and stocks were mixed amid worries about Donald Trump's tariff blitz and bubbling row with the Federal Reserve. The precious metal was also helped by a weaker dollar, which has also been hit by worries about Trump's standoff with Fed boss Jerome Powell.

Beijing slams 'appeasement' of US in trade deals that hurt China
Beijing slams 'appeasement' of US in trade deals that hurt China
by  AFP

China on Monday hit out at other countries making trade deals with the United States at Beijing's expense, promising countermeasures against those who "appease" Washington in the blistering tariff war. Trump said Thursday that the United States was in talks with China on tariffs, adding that he was confident the world's largest economies could make a deal to end the bitter trade war.

Trump tariffs stunt US toy imports as sellers play for time
Trump tariffs stunt US toy imports as sellers play for time
by  AFP

Josh Staph fears the fun-packed shelves of his toy warehouse might start looking joyless in the months ahead, with made-in-China flying discs and model gliders grounded -– like much of his product line –- by Donald Trump's tariffs. "Things have ground to a halt," said Staph, chief executive of Duncan Toys Company, which has a warehouse in Indiana.

Taxes on super rich and tech giants stall under Trump
Taxes on super rich and tech giants stall under Trump
by  AFP

Global tax plans targeting billionaires and multinational companies are running aground, with the United States torpedoing reforms under President Donald Trump. The billionaire real estate tycoon has pulled the United States out of an international deal on taxing multinationals and threatened tariffs on countries that target US tech giants.

Tariffs could lift Boeing and Airbus plane prices even higher
Tariffs could lift Boeing and Airbus plane prices even higher
by  AFP

Commercial plane prices, already lifted in recent years due to pandemic supply chain shocks, are poised to climb further as Boeing and Airbus are buffeted by trade tariffs. To resolve a labor strike, Boeing late last year agreed to a new contract with its Seattle-based machinist union that lifted wages by 38 percent over four years.