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Hong Kong firm offloads Panama ports after Trump pressure
Hong Kong firm offloads Panama ports after Trump pressure
Economy
by  AFP

Under fierce pressure from US President Donald Trump, Hong Kong firm Hutchison said Tuesday it had agreed to sell its lucrative Panama Canal ports to a US-led consortium. CK Hutchison Holdings said it would offload a 90-percent stake in the Panama Ports Company (PPC) and sell a slew of other non-Chinese ports to a group led by giant asset manager BlackRock.

China to unveil 2025 growth goals eyeing trade war woes
China to unveil 2025 growth goals eyeing trade war woes
Economy
by  AFP

China's leadership will on Wednesday unveil their growth goals for the coming year as they eye a mounting trade war with the United States and deepening economic doldrums at home. Top of the agenda will be Premier Li Qiang's delivery of the government's "work report" to delegates, in which Beijing will unveil its economic growth goals for the coming year.

Several Canadian provinces ban US alcohol in tariff response
Several Canadian provinces ban US alcohol in tariff response
Economy
by  AFP

Multiple Canadian provinces, including Ontario and Quebec, banned the sale of US alcohol on Tuesday, part of a broad national retaliation against import tariffs imposed by US President Donald Trump. The LCBO's website was down Tuesday, with a notice saying the store was removing "US products in response to US tariffs on Canadian goods."

US stocks fall again as more Trump tariffs take effect
US stocks fall again as more Trump tariffs take effect
Economy
by  AFP

Wall Street stocks tumbled Tuesday after the United States proceeded with new tariffs on Canada, Mexico and China, exacerbating worries that higher inflation will prompt a recession. "Investors are worried that we are headed for a recession and a bear market."