AFP
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Chinese fabric exporters anxious for US trade patch-up
Surrounded by samples of silk and glittering tweed in one of China's largest fabric markets, textiles exporter Cherry said she was anxiously awaiting the result of trade talks with the United States this weekend. Sales to the United States made up 18 percent of China's total textiles and apparel exports in 2024, according to Moody's Ratings.
Asian stocks lifted by hopes for US-China talks after UK deal
Most Asian equities rose Friday on growing optimism that the worst of Donald Trump's trade war is past after he reached a deal with Britain and suggested he could lower tariffs on China as officials prepare for high-stakes talks this weekend.
Former head of crypto platform Celsius sentenced 12 years
The founder and former CEO of bankrupt cryptocurrency trading platform Celsius, Alexander Mashinsky, was sentenced Thursday to 12 years in prison on fraud charges. Mashinsky, 50, pleaded guilty last December to securities fraud in a deal that reduced the level of charges he faced.
US automakers blast Trump's UK trade deal
The Trump administration's latest trade deal with Britain unfairly penalizes US automakers that have partnered with Canada and Mexico, a trade group representing Detroit automakers said Thursday. The Detroit companies organized their supply chains around the 2020 US-Mexico-Canada Agreement (USMCA), which Trump negotiated in his first term.
Bill Gates speeds up giving away fortune, blasts Musk
Microsoft co-founder Bill Gates announced Thursday an accelerated timeframe for giving away his fortune as he touted artificial intelligence as a game-changer to boost public health and save lives globally. The organization, which had more than $71 billion in assets at the end of 2023, has been credited with helping to reshape the world of global public health.
Trump calls US Fed chair 'fool' after pause in rate cuts
US President Donald Trump branded Fed Chair Jerome Powell a "fool" on Thursday after the central bank announced another pause in rate cuts and warned of higher risks to inflation and unemployment goals. "'Too Late' Jerome Powell is a FOOL, who doesn't have a clue," Trump posted on his Truth Social network, in a fresh attack on the head of the independent Federal Reserve.
Gates Foundation to spend $200 bn through 2045 when it will shut down
The Gates Foundation plans to spend more than $200 billion over the next 20 years, accelerating its public health mission and shutting down in 2045, the organization said Thursday. The new timetable means a change to the organization's charter, which planned for the foundation to sunset 20 years after the death of Bill Gates.
EU threatens to target US cars, planes if Trump tariff talks fail
The EU on Thursday threatened to target US cars and planes among a raft of products worth 95 billion euros ($107 billion) if negotiations with President Donald Trump's team fail to avert a trade war. Planes and autos make up some of the largest value of goods on the list, worth 10.5 billion euros and more than 12 billion euros respectively, a senior EU official said.
EU parliament backs emissions reprieve for carmakers
EU lawmakers on Thursday gave the green light to a delay for European carmakers to meet new emission targets, as the bloc seeks to balance climate goals with supporting the struggling industry. Criticizing the move, Green EU lawmaker Saskia Bricmont said loosening emissions rules would "delay the marketing of affordable electric vehicles, which are vital" for European consumers.
AFP
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