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Asian markets stutter as traders weigh China-US trade flare-up
Asian markets stumbled Wednesday and gold hit a new record as investors kept tabs on China and the United States after they exchanged tariffs, sparking fears of another debilitating trade war between the economic superpowers. Gold hit a fresh peak of $2,853.82 as investors rushed into the safe-haven metal.
Google shares slide on spending plans despite sales jump
Google's parent company Alphabet on Tuesday reported revenue jumped in the recently-ended quarter, but shares sank on concerns it may be pouring too much money into artificial intelligence.
Honda shares jump on reports it wants Nissan as subsidiary
Honda shares surged in Tokyo on Wednesday as Japanese media said the automaker had proposed making its struggling rival Nissan a subsidiary -- with some reports saying the move could spell the end of their merger talks.
US Treasury says Musk team has 'read-only' access to payments data
The US Treasury said Tuesday that Elon Musk's government reform team can read data from its highly sensitive payment system but not alter it, after Democratic lawmakers raised the alarm over the move and called for an investigation.
'Rare earths' for aid: Ukraine's minerals threatened by war
US President Donald Trump has signalled he could trade aid to Kyiv in its fight against Russia's invasion for access to Ukraine's "rare earth" metals, key elements used in electronics. - 'Critical' materials - Trump said on Monday he wanted to negotiate an agreement in which Kyiv guarantees supplies of the specific category of rare earth metals.
Australia bans DeepSeek AI program on govt devices
Australia has banned DeepSeek from all government devices as it seeks to block "an unacceptable level of security risk" presented by China's breakout artificial intelligence program, according to an official order Tuesday.
Amid Trump trade tensions, WTO remains crippled arbiter
While US President Donald Trump unleashes trade wars and tariffs, the system for settling such disputes within the World Trade Organization has been paralysed for years -- by the United States. - Obama, Trump, Biden roadblock - The WTO was founded in 1995 as a successor to GATT, the General Agreement on Tariffs and Trade dating back to 1948.
Trump, China's Xi set to speak on tariff battle
US President Donald Trump and Chinese counterpart Xi Jinping are expected to speak by phone on Tuesday, just hours after slapping tariffs on each other's economies in an escalating trade war. White House Press Secretary Karoline Leavitt said on Monday that Trump was due to talk to Xi, but said Tuesday that "I don't have any updates on when that call will take place."
Despite tariff reprieve Canadians worry 'damage already done' to US ties
The trade war may be on hold, but in a Canadian border city where the unhindered flow of auto parts across the bridge to Detroit supports thousands of jobs, the future remains uncertain. Ford has been employing people in Windsor for more than 100 years and without auto jobs the city would be plunged into a "huge recession," he said.
AFP
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