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Trump touts trade talks, China calls out tariff 'blackmail'
US President Donald Trump touted tariff negotiations with Japan on Wednesday while China angrily accused Washington of "blackmail" in a trade war that the WTO warns will have "severe" economic consequences for the global economy. The multiple negotiations the Trump administration says are underway are running parallel to a full trade war against top US economic rival China.
TikTok tests letting users add informative 'Footnotes'
TikTok on Wednesday said it is testing a feature that would let people add "Footnotes" providing informative context to videos that might be misleading. "Footnotes will draw on the collective knowledge of the TikTok community by allowing people to add relevant information to content on our platform," Presser said.
Global uncertainty will 'certainly' hit growth: World Bank president
The uncertainty kicked up by Donald Trump's stop-start tariff rollout will undoubtedly hit growth, the president of the World Bank said Wednesday, ahead of next week's semi-annual meeting of global financial leaders in Washington.
The Trump adviser who wants to rewrite the global financial system
One of the architects of US President Donald Trump's tariff blitz has advocated a shake-up of the global trade and financial systems, centred on a radical strategy to weaken the dollar. - 'Mar-a-Lago Accord' - For Miran, tariffs and moving away from a strong dollar could have "the broadest ramifications of any policies in decades, fundamentally reshaping the global trade and financial systems".
Canada central bank holds interest rate steady amid tariffs chaos
The Bank of Canada on Wednesday held its key lending rate at 2.75 percent, pausing a stream of recent cuts due to shifting US trade policy and tariffs. "The major shift in direction of US trade policy and the unpredictability of tariffs have increased uncertainty, diminished prospects for economic growth, and raised inflation expectations," the central bank said in a statement.
Global trade uncertainty could have 'severe negative consequences': WTO chief
Global trade is expected to plummet this year in the wake of President Donald Trump's tariff offensive, fuelling uncertainty that threatens "severe negative consequences" for the world, the World Trade Organization warned Wednesday.
Google facing £5 bn UK lawsuit over ad searches: firms
Google on Wednesday said it would "vigorously" defend itself after some 250,000 UK businesses filed a multi-billion-pound legal claim against the US tech giant for allegedly overcharging for online advertising.
China tells Trump to 'stop threatening and blackmailing'
China told Washington on Wednesday to "stop threatening and blackmailing" after US President Donald Trump said it was up to Beijing to come to the negotiating table to discuss ending their trade war.
Automakers hold their breath on Trump's erratic US tariffs
US President Donald Trump's aggressive but fast-changing trade policy has foisted difficult questions on carmakers that they have not yet been forced to answer. Parker, who quipped that US tariff policy might have changed since he last checked his phone, described the company's strategy as "quite simple."
AFP
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