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IMF slashes global growth outlook on impact of US tariffs
The International Monetary Fund on Tuesday slashed its forecast for global growth this year, citing the effect of US President Donald Trump's new tariff policies on the world economy.
IMF slashes China growth forecasts as trade war deepens
The IMF said Tuesday it now believed China's economy will only grow by four percent this year, well below Beijing's official target as it fights a mounting trade war with the United States that threatens to hammer the global economy.
US official asserts Trump's agenda in tariff-hit Southeast Asia
The first US official to visit Southeast Asia since Washington announced punitive tariffs on the region's countries on Tuesday issued a robust defence of President Donald Trump's foreign policy approach. The two-day meeting between Washington and the 10-country Association of Southeast Asian Nations bloc is being held in the city of Siem Reap.
Roche says will invest $50 bn in US over next five years
Swiss pharmaceutical giant Roche on Tuesday announced plans to invest $50 billion in the United States over the next five years. "Our investments of $50 billion over the next five years will lay the foundation for our next era of innovation and growth, benefiting patients in the US and around the world." noo/ach/rjm
Can Europe's richest family turn Paris into a city of football rivals?
Paris has everything -- stunning architecture and arguably the best food and fashion in the world. That may be about to change thanks to one of the wealthiest families in the world.
US to impose new duties on solar imports from Southeast Asia
The United States on Monday announced its intention to impose tariffs of up to 3,521 percent on solar panels from Southeast Asia, a move aimed at countering alleged Chinese subsidies and dumping in the sector. If imposed, the new levies will come on top of the blanket 10 percent levy imposed by Trump since early April on products entering the United States from most trading partners.
Auto Shanghai to showcase electric competition at sector's new frontier
The world's biggest auto show opens Wednesday in Shanghai, with foreign carmakers raring to show they can compete against the ultra-competitive Chinese firms that dominate the sector's new electric frontier. Analysts consider the Chinese market, the world's largest, younger-leaning and more open to novelty.
Gold hits record, stocks slip as Trump fuels Fed fears
Bullion hit another record Tuesday while the dollar steadied and equities mostly fell as Donald Trump's latest salvo against Federal Reserve boss Jerome Powell added fuel to fears about the central bank's independence. The rush for safety saw gold hit yet another record above $3,457, and while the dollar steadied after the previous day's selloff, it remained under pressure against its major peers.
Woe is the pinata, a casualty of Trump trade war
The humble pinata has become one of the latest targets to take a whacking in US President Donald Trump's trade war. - Many enemies - The service sector is not immune either to Trump's trade war, and neither are his supporters.
AFP
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