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Asian markets mixed as autos suffer more tariff-fuelled losses
Asian markets were mixed Friday as traders brace for next week's expected wave of US tariffs, while auto firms extended their painful losses following President Donald Trump's announcement of steep levies on vehicle imports. After another down day on Wall Street, equity markets in Asia were mixed Friday, with auto firms again taking the brunt.
Clean energy giant Goldwind leads China's global sector push
China has rushed ahead in recent years as the world's forerunner in wind energy, propelled by explosive local demand as Beijing aggressively pursues strategic and environmental targets. - Gold rush - Goldwind's origin lies in the vast, arid stretches of western China, where in the 1980s a company named Xinjiang Wind Energy built its first turbine farm.
The UK car loan scandal that could cost banks billions
Banks may have to pay out tens of billions of pounds if the British Supreme Court upholds a judgment ruling controversial car loans are unlawful, in a case beginning in April. Now, the Supreme Court will hear his case on April 1, along with another similar case against FirstRand and one against British bank Close Brothers.
Regulator clears Qatar Airways-Virgin Australia alliance
Australia's competition regulator gave the go-ahead Friday for Qatar Airways to launch an alliance with Virgin Australia. Under the pact, Qatar Airways and Virgin Australia plan to launch 28 new weekly services between Doha and the Australian cities of Sydney, Melbourne, Brisbane and Perth.
Man charged with destroying Teslas in Las Vegas, amid anti-Musk wave
A man who allegedly set fire to five Teslas and sprayed them with bullets from a semi-automatic rifle appeared in a US court Thursday to face federal arson charges, the Department of Justice said. He faces up to 20 years in prison on the arson charge alone.
Trump's auto tariffs spark global outcry as price hikes loom
World powers on Thursday blasted US President Donald Trump's steep tariffs on imported vehicles and parts, vowing retaliation as trade tensions intensify and price hikes appear on the horizon.
US auto industry stunned by tariffs meant to save it
The 25 percent tariffs on automobiles announced by President Donald Trump are meant to revitalize American industry, but Detroit's giants were stunned Thursday by their scale and faced a beating on Wall Street. Parts not originally manufactured in the United States will face 25 percent tariffs just like finished foreign vehicles.
Games publisher Ubisoft announces restructuring, billion-euro investment
In a bid to escape financial woes, French games giant Ubisoft said Thursday it was creating a new subsidiary around its most popular franchises such as "Assassin's Creed" in partnership with China's Tencent. Alongside "Assassin's Creed", the subsidiary will bring together "Far Cry" and "Tom Clancy's Rainbow Six" -- among the most popular long-running names in Ubisoft's roster of game universes.
Argentina seeking $20 billion IMF loan
Argentina has sought a $20 billion loan from the International Monetary Fund, the country's economy minister said Thursday, as the government struggles to hold on to foreign reserves while propping up an ailing currency.
AFP
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