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Asian markets sink as Trump tariffs, China curbs stunt rally
Asian markets sank Tuesday as fears of US President Donald Trump's trade war returning to the fore and he called for fresh curbs on Chinese investments in strategic sectors including technology.
S. Korea's central bank cuts rate, growth outlook over tariff fears
South Korea's central bank on Tuesday slashed interest rates and its annual growth forecast as it looks to bolster the economy in the face of US tariffs and the fallout from President Yoon Suk Yeol's brief declaration of martial law last year. Seoul's central bank on Tuesday also said employment had continued to slow.
Trump's chip tariff threats raise stakes for Taiwan
US President Donald Trump's threat of tariffs on semiconductor chips has complicated Taiwan's bid to remain a global powerhouse in the critical sector and stay onside with key backer Washington, analysts said. "I think that Trump's tariff threats make this strategy much more complicated.
Fires, strikes, pandemic and AI: Hollywood workers can't catch a break
Dutch Merrick isn't really in a party mood for this year's Oscars. The personal tragedy couldn't have come at a worse time for Merrick.
Bolivia inaugurates steel plant built with Chinese loan
Short on foreign currency, Bolivia inaugurated a steel plant Monday that it hopes will reduce its reliance on metal imports, thanks to a loan from China.
Spain's Telefonica sells Argentina subsidiary for $1.2 bn
Spanish telecommunications giant Telefonica agreed to sell its Argentine subsidiary to Telecom Argentina for $1.2 billion on Monday, prompting libertarian President Javier Milei's government to announce an investigation over competition concerns.
Trump says Canada, Mexico tariffs moving 'forward' on schedule
US President Donald Trump said Monday that tariffs he unveiled on Canada and Mexico are moving forward as planned, addressing reporters after meeting with French counterpart Emmanuel Macron, who urged "fair competition" in trade. Meanwhile, Macron called on Trump for "fair competition" in trade, noting that the American and European economies are deeply intertwined.
Mexico president hopeful of deal this week to avert US tariffs
Mexico's president said Monday she was optimistic about reaching an agreement with Donald Trump this week to avoid sweeping US tariffs, hinting at possible levies on Chinese goods to secure a deal. Claudia Sheinbaum said talks with Washington would continue this week in an effort to avoid the 25 percent tariffs that Trump agreed on February 3 to "pause" for a month.
EU vows to enforce digital rules despite Trump tariff warning
The EU promised on Monday to enforce its digital rules and to defend its laws "decisively" if necessary, after US President Donald Trump threatened to slap tariffs on countries that levy digital taxes on US tech firms. Trump said in a memorandum on Friday he would consider tariffs in response to "digital services taxes, fines, practices, and policies" imposed on American companies.
AFP
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