AFP
19879 articles published since 08 Mar 2022
19879 articles published since 08 Mar 2022
Consumer prices in China rose slightly in June, official data showed on Wednesday, snapping a four-month decline even as factory gate prices were bruised by a fierce trade war with Washington. In a signal of further deflationary pressure, Chinese factory gate prices fell in June at the fastest rate in nearly two years, the NBS also said on Wednesday.
Gao Chaorong knows what it takes to turn out good crops of sweet potatoes, peanuts and wheat, but tasty produce is no longer enough to draw China's app savvy crowd. He has also emphasised the vital role that agriculture plays in China, the world's top producer of commodities including rice and wheat.
Stocks were mixed Wednesday as investors assessed Donald Trump's latest tariff threats, while keeping an eye on trade talks after the US president warned he would not again extend a deadline to reach deals. He also warned "no extensions will be granted" to his August 1 deadline for tariff deals, after he pushed back his previous cut-off of July 9 to allow more time for talks.
The second biggest teachers union in the United States unveiled a groundbreaking partnership Tuesday with AI powerhouses Microsoft, OpenAI, and Anthropic to develop a comprehensive training program helping educators master artificial intelligence. Microsoft is contributing $12.5 million, OpenAI $10 million, and Anthropic $500,000.
United Airlines said Tuesday it would resume service between Tel Aviv and its Newark/New York hub on July 21, 10 days earlier than previously planned. United subsequently said it would pause service with Tel Aviv through at least July 31.
President Donald Trump said Tuesday that he would not extend an August 1 deadline for higher US tariffs to take effect on dozens of economies, a day after he appeared to signal flexibility on the date. But the president this week again delayed their reimposition, pushing it back to August 1.
German exports to the United States plummeted in May, official data showed Tuesday, as Berlin pressed the European Union to strike a quick tariff deal with US President Donald Trump. German Chancellor Friedrich Merz last week called on the EU to strike a "quick and simple" bargain with the United States, saying Germany's "key industries" needed clarity. vbw/sea/rl
As Cambodian garment workers took breaks from toiling in sweltering factories on Tuesday, they feared for their jobs after US President Donald Trump's threat to impose a 36 percent tariff. "I fear that the high tariff will affect factories and will result in fewer jobs for workers," said the 47-year-old.
EU ministers are set to give the final green light on Tuesday for Bulgaria to adopt the euro on January 1, 2026, when the country would become the single currency area's 21st member. - Euro club gets bigger - Only 12 countries were part of the single currency area -- including France, Germany, Italy, Spain, and Greece -- when the first euro bills and coins were rolled out on January 1, 2002.
AFP
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