Latest

Nintendo shares tumble as Switch 2 preview disappoints
Nintendo shares tumble as Switch 2 preview disappoints
Economy
by  AFP

Nintendo shares tumbled more than six percent Friday after the Japanese games giant failed to impress with a brief video preview of its new Switch 2 console. In morning trade in Tokyo, Nintendo shares were down 5.67 percent at 9,046.00 yen ($58.28), having earlier fallen more than six percent.

US trade envoy finds China shipbuilding policies 'actionable'
US trade envoy finds China shipbuilding policies 'actionable'
Economy
by  AFP

The US Trade Representative said Thursday that its probe into China's practices in the shipbuilding, maritime and logistics sectors found that Beijing's "targeted dominance" warranted action. The USTR investigation found China's efforts to dominate the sector "unreasonable" as it displaces foreign firms and creates dependencies on the world's second biggest economy.

Insurance access for US homeowners with higher climate risks declines
Insurance access for US homeowners with higher climate risks declines
Economy
by  AFP

Homeowners in areas of the United States with the highest climate-related risks saw declining access to insurance, a Treasury Department report released Thursday said. Average insurance non-renewal rates were about 80 percent higher for consumers in high-climate-risk areas than for those in the lowest-risk ones, the report found.