China mulls economy-boosting measures to counter 'severe situation'

AFP|Published

Retail sales rose far less than expected last month and were much weaker than May, suggesting efforts to kickstart consumption have fallen flat.

Swatch profits plunge on weak China sales

AFP|Published

Swatch Group's profitability takes a hit as weak sales in China overshadow growth in other regions, with net sales falling 11. 2% and profits plunging 88%. The company ...

Huawei reclaims top spot in China's phone market: data

AFP|Published

Huawei has reclaimed its position as the leading smartphone brand in China, outpacing Apple and local competitors, according to the latest IDC report. This significant ...

UK fines Barclays bank £42m for crime risk failings

AFP|Published

Barclays bank has been fined £42 million by the UK's FCA for serious lapses in financial crime risk management, raising concerns about the effectiveness of banking ...

Tech giants scramble to meet AI's looming energy crisis

AFP|Published

Experts at McKinsey, a US consulting firm, describe a race to build enough data centers to keep up with AI's rapid growth, while warning that the world is heading ...

Skidding Nissan to halt production at Japanese plant

AFP|Published

One of Nissan's six domestic plants, Oppama exmployed around 3,900 people as of October 2024 and began operations in 1961, according to the company's website.

Tesla marks India entry with first showroom

AFP|Published

Tesla has officially entered the Indian market with the opening of its first showroom in Mumbai, aiming to attract new customers as sales decline in the US and Europe. ...

EU says could target €72bn of US goods if tariff talks fail

AFP|Published

The European Commission unveils a bold proposal to target €72 billion worth of US goods if tariff negotiations with Washington fail, as tensions rise following President ...

Why Wall Street is brushing off Trump’s escalating tariff threats

The Washington Post|Published

Despite initial turmoil, Wall Street has rebounded from Trump's tariff threats. What does this mean for the future of US trade policy?

IEA sees anaemic global oil demand growth amid tariff turmoil

AFP|Published

Global oil demand growth is faltering, with several countries feeling the pinch from US tariffs, according to the International Energy Agency (IEA). What does this ...

Boeing evades MAX crash trial with last-minute settlement

AFP|Published

Boeing has reached a confidential settlement with Paul Njoroge, who lost his family in the tragic 737 MAX crash of 2019, thus avoiding a federal trial set for Monday. ...

Trump announces 50% tariff on Brazil, citing Bolsonaro trial

The Washington Post|Published

President Donald Trump's announcement of a 50% tariff on Brazilian goods escalates a diplomatic feud linked to Jair Bolsonaro's prosecution, raising questions about ...

Google co-founder Sergey Brin calls UN ‘transparently antisemitic’ after report on tech firms and Gaza

The Washington Post|Published

Sergey Brin, co-founder of Google, has sparked controversy by labelling the United Nations ‘transparently antisemitic’ in an internal forum, following a report accusing ...

BRICS' criticism brings Trump 10% tariff threat

AFP|Published

US President Donald Trump responds to BRICS' criticism of his trade policies with a stark warning of a 10% tariff on nations aligning with the bloc, as tensions ...

Trump announces tariffs of at least 25% on 14 countries

The Washington Post|Published

In a bold move, President Trump threatens tariffs of up to 40% on imports from 14 countries, including Japan and South Korea, as he seeks to renegotiate trade deals ...

Tesla stock price drops as Musk leaps back into politics

The Washington Post|Published

Tesla's stock plummets by 7% following Elon Musk's announcement of a new political party, raising questions about the future of the electric vehicle giant amid his ...

OPEC+ to hike petrol output to 548 000 bpd in August

AFP|Published

OPEC+ members, including Saudi Arabia and Russia, have announced a surprising increase in oil output to 548 000 barrels per day in August, defying analyst expectations ...

BRICS nations to denounce Trump tariffs

AFP|Published

At the upcoming BRICS summit in Rio de Janeiro, leaders from Brazil, Russia, India, China, and South Africa are set to address Donald Trump's controversial tariffs, ...

France fines Shein €40 million over 'deceptive' sales practices

AFP|Published

France has imposed a record €40 million fine on Shein for deceptive sales practices, revealing how the e-commerce giant misled consumers about pricing and environmental ...