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China to unveil 2025 growth goals eyeing trade war woes
China's leadership will on Wednesday unveil their growth goals for the coming year as they eye a mounting trade war with the United States and deepening economic doldrums at home. Top of the agenda will be Premier Li Qiang's delivery of the government's "work report" to delegates, in which Beijing will unveil its economic growth goals for the coming year.
US stocks fall again as more Trump tariffs take effect
Wall Street stocks tumbled Tuesday after the United States proceeded with new tariffs on Canada, Mexico and China, exacerbating worries that higher inflation will prompt a recession. "Investors are worried that we are headed for a recession and a bear market."
'We will endure': Mexican truckers stoic in face of Trump tariffs
Stuck in a queue at the Mexican-US border, truck driver Juan Diego Mendoza said he was worried about the fallout of President Donald Trump's tariffs, but believed Mexicans were resilient enough to cope. We're happy with a plate of beans and an egg," the 31-year-old told AFP. Mendoza woke earlier than usual to hear Mexican President Claudia Sheinbaum's response to Trump's 25-percent tariff.
Trade war brings fear, uncertainty to Canadian border city
In the Canadian city of Windsor, which survives on the cross-border auto industry, the start of a trade war with the United States has opened a period of fear and uncertainty. The president said this week that auto companies that want to avoid the consequences of tariffs should open plants in the United States.
Competition drives down Nigeria petrol prices
The retail price of petrol in Nigeria has dropped to 860 naira ($0.57) per litre, as a major local refinery drives down prices in a country long forced to import its gasoline. Despite being a major oil producer, Nigeria's state-owned refineries have long been run-down, leading the country to rely heavily on imported petrol.
How will Mexico respond to Trump's tariffs?
Mexico's targeting by US President Donald Trump's tariffs has put its economy at risk of a recession with a regional free-trade deal in limbo, experts say. - In theory, Mexico and Canada should be protected against US tariffs by a regional free-trade agreement that was renegotiated during Trump's first term.
Writing on the wall as Chinese businesses fret over US trade war
At a bustling Shanghai trade fair, exporters of goods ranging from plush toys to chainmail bikinis expressed growing unease at the escalating US-China trade war as new US tariffs took hold on Tuesday. The fair on Tuesday showcased the huge spectrum of such exports -- sellers of everything from bath mats to cosmetics told AFP their businesses would be affected in some way.
China's elite don traditional garb for annual 'Two Sessions' talking shop
Sporting military uniforms and multi-coloured traditional garb, delegates from all four corners of China descended on the capital on Tuesday for the country's largest annual political event -- a red-carpet cameo for the ruling elite. But that was punctuated with the occasional pop of colour and traditional dress from representatives of China's 55 officially recognised minority groups.
France opposes seizing frozen Russian assets: minister
France voiced opposition Tuesday to seizing frozen Russian assets to fund a European military spending boost for Ukraine, arguing such a move would be against international agreements. He added that such funds cannot come from "assets that are captured" as this "would be contrary to international agreements that France and Europe have signed up to".
AFP
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