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Samsung forecast beats market expectations for first quarter
Samsung forecast beats market expectations for first quarter
by  AFP

Samsung Electronics on Tuesday posted highest ever figures for its first quarter sales forecast and said it predicted a better-than-expected performance for its profits, beating market expectations. Sales were also seen as increasing to 79 trillion won, a near 10 percent jump from a year earlier, marking the highest first quarter figure on record and the second-highest quarterly revenue ever.

Nippon Steel shares soar as Trump reviews US Steel takeover
Nippon Steel shares soar as Trump reviews US Steel takeover
by  AFP

Nippon Steel shares soared Tuesday after US President Donald Trump launched a review of the company's proposed takeover of US Steel that was blocked by his predecessor Joe Biden. US Steel shares closed up 16 percent Monday, and Nippon Steel gained as much as 11 percent in Tokyo on Tuesday.

US giant to buy stake in cash-short Australian casino group
US giant to buy stake in cash-short Australian casino group
by  AFP

Troubled Australian casino operator Star Entertainment says it has been thrown an 11th hour multi-million dollar lifeline by US-based casino giant Bally's Corporation. Star Entertainment last traded at Aus$0.11 a share with a market capitalisation of Aus$316 million -- a far cry from its Aus$5 billion-plus value of seven years ago.

Palestinians in West Bank strike to demand end to Gaza war
Palestinians in West Bank strike to demand end to Gaza war
by  AFP

Shuttered storefronts lined empty streets in Israeli-annexed east Jerusalem and the occupied West Bank on Monday during a general strike by Palestinians demanding an end to the Gaza war. In Israeli-annexed east Jerusalem, the usually bustling commercial Salaheddin Street was empty.

airBaltic CEO 'dismissed' from Latvian airline
airBaltic CEO 'dismissed' from Latvian airline
by  AFP

Latvian Transport Minister Atis Svinka said on Monday that Riga-based carrier airBaltic had parted ways with its German-born longtime CEO Martin Gauss. It is important for me to see results," Svinka said on social network X. The Latvian state has a majority stake in the carrier, which last month said it had posted a net loss of 118 million euros ($129 million) last year.

Trump vows huge new China tariffs as markets nosedive
Trump vows huge new China tariffs as markets nosedive
by  AFP

US President Donald Trump on Monday threatened new tariffs of 50 percent on China, ratcheting up a trade war even as a dramatic selloff in global markets gathered pace. The US president on Monday chastised China for not heeding "my warning for abusing countries not to retaliate."

Starmer unveils support for tariff-hit auto sector
Starmer unveils support for tariff-hit auto sector
by  AFP

UK leader Keir Starmer vowed Monday to "shelter British business from the storm" of global economic disruption as he loosened electric vehicle targets for carmakers impacted by US President Donald Trump's tariffs. "In the coming days and weeks, we're going to use industrial policy to shelter British business from the storm," the prime minister added.

JPMorgan Chase CEO warns tariffs will slow growth
JPMorgan Chase CEO warns tariffs will slow growth
by  AFP

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.