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Cambodia's Chinese casino city bets big on Beijing
Once a collection of sleepy fishing villages, vast Chinese investments have transformed Cambodia's Sihanoukville into a half-finished gambling resort with signs everywhere in Mandarin. Gambling is generally illegal in mainland China, and Sihanoukville is one of the many centres in the surrounding area that have sprouted to draw Chinese visitors and sate their hunger.
Vespa love affair: Indonesians turn vintage scooters electric
When Indonesian executive Heret Frasthio takes his antique 1957 VL Vespa for a ride, its white paint peeling off, the usual fumes and hum of the free-spirited scooters cannot be seen or heard. Riding an antique Vespa from the 1960s without the pollution and the noise in Jakarta's heavy traffic has also earned him curious looks.
Europe seeks to break its US tech addiction
With President Donald Trump more unpredictable than ever and transatlantic ties reaching new lows, calls are growing louder for Europe to declare independence from US tech. As Europe faces Trump's tariffs, and threatens to tax US tech unless the two sides clinch a deal averting all-out trade war, there is a growing sense of urgency.
Long-abandoned Welsh mine revived as gold prices soar
At the bottom of a long-abandoned mine, 50 metres below the surface, one company searches for rare Welsh gold, attracted by soaring prices and its royal connection. But thanks to its royal connection, the Welsh gold may attract "traditionalists, people who may be strong monarchists" willing to pay more, Reade added.
Stocks struggle again as Nvidia chip curb warning pops calm
Asian stocks swung Wednesday after Nvidia's announcement of new US licensing rules on shipments of its new chip to China rattled investor confidence already shot by Donald Trump's sweeping trade war. Nvidia's announcement sent its shares tumbling around six percent in after-market trade, and its Asian suppliers were also hit.
China's economy beat forecasts in first quarter ahead of Trump's 'Liberation Day'
China on Wednesday said its economy grew a forecast-beating 5.4 percent in the first quarter as exporters rushed to get goods out of factory gates ahead of swingeing new US tariffs.
Trump orders critical minerals probe that may bring new tariffs
US President Donald Trump ordered a probe Tuesday that may result in tariffs on critical minerals, rare-earth metals and associated products such as smartphones, in an escalation of his dispute with global trade partners.
Nvidia expects $5.5 bn hit as US targets chips sent to China
Nvidia on Tuesday notified regulators that it expects a $5.5 billion hit this quarter due to a new US licensing requirement on the primary chip it can legally sell in China. "First quarter results are expected to include up to approximately $5.5 billion of charges associated with H20 products for inventory, purchase commitments, and related reserves," Nvidia said in the filing. gc/des
Wine consumption falls heavily into the red
Worldwide consumption of wine fell in 2024 to its lowest level in more than 60 years, the main trade body said Tuesday, raising concerns about new risks from US tariffs. Production is also at its lowest level in more than 60 years, having fallen 4.8 percent in 2024 to 225.8 million hl.
AFP
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