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'Everyone is losing money': Hong Kong investors rattled by market rout
Hong Kong small-time investors were left reeling on Monday as US President Donald Trump's punishing tariffs and Beijing's retaliation saw the city's stock market suffer its worst day in almost three decades. Lawyer Ray Chan, 30, was among those left unscathed on Monday, as he sold all his Hong Kong and US shareholdings two weeks ago, netting gains in the seven figures.
Netanyahu and Trump to talk tariffs, Iran and Gaza
Israeli Prime Minister Benjamin Netanyahu was in Washington on Monday to meet Donald Trump, whom he will likely ask for a reprieve from US tariffs while seeking further backing on Iran and Gaza. Analysts said Netanyahu would seek to secure an exemption from the tariffs for Israel.
China vows to stay 'safe and promising land' for foreign investment
A top Chinese official has vowed to protect US firms and pledged his country will remain a "promising land" for foreign investment, Beijing said Monday, after it slapped 34 percent tariffs on US imports.
Texans warily eye impact of Trump's tariffs on their beloved trucks
Fearing that US President Donald Trump's 25 percent tariffs on imported cars and auto parts could spark "paranoia" among buyers and drive up prices, Arthur Bibbs has decided to go ahead and buy a secondhand truck now.
Boeing faces new civil trial over 2019 Ethiopian Airlines crash
Boeing is poised to face a jury trial from Monday over the fatal 2019 crash of an Ethiopian Airlines 737 MAX plane, the first civil case related to the disaster to reach court. The Ethiopian Airlines disaster followed another fatal crash involving a MAX plane -- that of a Lion Air jet that crashed in Indonesia in October 2018, killing all 189 people on board.
Equities savaged as China retaliation to Trump tariffs fans trade war
Asian markets collapsed Monday after China hammered the United States with its own hefty tariffs, ramping up a trade war that many fear could spark a recession. But after Asian markets closed on Friday, China said it would impose retaliatory levies of 34 percent on all US goods from April 10.
The music industry is battling AI -- with limited success
The music industry is fighting on platforms, through the courts and with legislators in a bid to prevent the theft and misuse of art from generative AI -- but it remains an uphill battle. For analyst Goldman, AI is likely to continue plaguing the music industry -- as long as it remains unorganized.
Market panic deepens as world scrambles to temper Trump tariffs
Asian markets took a huge plunge Monday as US futures pointed to significant losses on Wall Street over Donald Trump's punishing tariffs, even as countries sought compromise with the defiant president.
China would have agreed TikTok deal if not for US tariffs: Trump
US President Donald Trump said Sunday that China would have agreed to a deal on the sale of TikTok if it were not for the tariffs imposed by Washington on Beijing last week. "The report is that we had a deal, pretty much for TikTok, not a deal, but pretty close, and then China changed the deal because of tariffs.
AFP
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