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Markets rise despite China-US tariff clash
Stock markets regained some ground Tuesday, even as trade tensions between the United States and China were strained by turmoil over President Donald Trump's tariffs offensive. - China 'confident' - In the war of words, China also condemned remarks by Vice President JD Vance in which he said the United States had for too long borrowed money from "Chinese peasants."
Trenitalia wants to compete with Eurostar on Paris-London route
Trenitalia said Tuesday it plans to launch a new high-speed rail service connecting London and Paris, as the days of Eurostar's three-decade monopoly on the line look increasingly numbered. Trenitalia said Tuesday it plans to invest one billion euros ($1.1 billion) to launch its Paris-London service, also by 2029.
Trump's trade representative says tariffs 'bearing fruit'
The top US trade official on Tuesday defended President Donald Trump's sweeping tariffs on nearly every other nation, telling US senators almost 50 countries had reached out to make a deal. "Nearly 50 countries have approached me personally to discuss the president's new policy and explore how to achieve reciprocity," he told the Senate Finance Committee.
Shanghai's elderly investors keep faith despite stock market woes
A raucous group of elderly investors held court at a Shanghai securities company on Tuesday, chatting loudly about the stock prices flickering on LED boards as Chinese markets stutteringly recovered from the brutal day before. Shanghai advanced 1.6 percent on Tuesday.
Major trade wars since the 19th century
As the world reels from US President Donald Trump's tariffs onslaught, here is a look back at some major trade wars since the 19th century: - 19th century Opium Wars - In the mid-19th century, two conflicts over the opium trade, which became known as the Opium Wars, pitted China against the British Empire.
Late Harrods owner 'ruined lives' of alleged victims: lawyer
Late Harrods owner 'ruined lives' of alleged victims: lawyer
World's 'exceptional' heat streak lengthens into March
Global temperatures hovered at historic highs in March, Europe's climate monitor said on Tuesday, prolonging an unprecedented heat streak that has pushed the bounds of scientific explanation. - Puzzling heat - The spectacular surge in global heat pushed 2023 and then 2024 to become the hottest years on record.
'Malignant stupidity', 'weak': Economists on Trump's tariffs
A wide range of economists are voicing alarm over US President Donald Trump's tariffs blitz, which has sparked a trade war that experts say could lead to a global recession. Here are comments from some leading economists: - 'Spectacle of failed policies' - Li Daokui, one of China's most influential economists, told AFP that Trump's tariffs mainly aim to "squeeze other countries" for concessions.
Myanmar garment manufacturers warn US tariffs imperil quake recovery
Myanmar's garment manufacturers have warned US tariffs threaten to hobble the country's recovery from a devastating earthquake, as the death toll rose to 3,600. The Myanmar Garment Manufacturers Association (MGMA) said the tariffs due to take effect from Wednesday were causing "considerable concern" in an industry employing more than 500,000 people, mostly young women.
AFP
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