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'Terrifying': Canadian auto workers dismayed at looming US tariffs
'Terrifying': Canadian auto workers dismayed at looming US tariffs
Economy
by  AFP

Residents of the Canadian border city of Windsor had held out hope US President Donald Trump's threats of tariffs on imports from Canada would prove hollow, but that faith was dashed Monday, sparking fear for their futures. Trump's decision is "not even logical, it makes absolutely no sense," said John D'Agnolo, president of a union in Windsor representing 2,000 workers at Ford.

Bitcoin value dives as uncertainty grips market
Bitcoin value dives as uncertainty grips market
Economy
by  AFP

Bitcoin's price plunged nearly 10 percent on Monday as an escalating trade war and uncertainty over creation of a US crypto reserve fund sent investors running from risk. Cryptocurrency prices had climbed early Monday, buoyed by Trump the previous day naming five that could be used in a national strategic reserve fund.

What are China's annual 'Two Sessions' meetings?
What are China's annual 'Two Sessions' meetings?
Economy
by  AFP

Thousands of delegates from across China gather in Beijing from Tuesday as the country kicks off its annual legislative sessions, one of the most important political events of the year. - The first session, beginning Tuesday, is a gathering of China's political advisory committee, the Chinese People's Political Consultative Conference (CPPCC).

Trade and growth on agenda for key China meeting
Trade and growth on agenda for key China meeting
Economy
by  AFP

China's largest political event of the year begins in Beijing on Tuesday, as US tariffs cast a cloud over closed-door meetings involving thousands of delegates from across the country. It is also facing more US tariffs, which could hit hundreds of billions of dollars in trade between the two countries.

AI firm Anthropic valued at $61.5 bn in funding round
AI firm Anthropic valued at $61.5 bn in funding round
Economy
by  AFP

Anthropic on Monday announced it has raised $3.5 billion in a funding round that valued the artificial intelligence startup at $61.5 billion. Amazon has invested a total of $8 billion in Anthropic, while Google-parent Alphabet has invested $2 billion in the startup. gc/dw