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by Jennie Matthew Agence France Presse NEW YORK, United States (AFP) — Starbucks will close stores and corporate offices across the United States on May 29 to conduct “racial-bias education,” the company announced Tuesday, following outrage over the arrest of two black men in one of its cafes. It was the latest bid by the behemoth coffee chain to recover from last Thursday’s incident in Philadelphia, which was captured on video and went viral, viewed […]
HONG KONG, China (AFP) — Asian markets mostly rose on Tuesday following news that China’s economy grew more than expected in the first three months of the year, but trade and geopolitical tensions continue to dog sentiment. Investors in Hong Kong and China reversed initial losses to swing back to positive territory after data showed the world’s number two economy expanded in January-March at the same rate as the previous three months. The 6.8 percent […]
CHINA (AFP) — Asian markets fell on Monday after a US-led strike on Syrian targets fueled fresh geopolitical concerns over the tinderbox Middle East, though analysts said investors were hopeful the crisis would not escalate. The US, Britain and France carried out their hit at the weekend on alleged chemical weapons facilities, in response to what they say was a toxic gas attack by the Russia-backed Assad regime a week before. While there was broad […]
by Yann Schreiber Agence France Presse The new chief of German auto giant Volkswagen was Friday set to outline his plans for steering the company out of the cloud of the “dieselgate” scandal and into a future of electric cars and “sustainable mobility.” Herbert Diess — the Austrian 59-year-old head of the VW Group’s flagship Volkswagen brand — was appointed late Thursday to take over from Matthias Mueller as CEO of the world’s largest automaker […]
HONG KONG, China (AFP) — Asian markets mostly rose Friday as Donald Trump soothed concerns about military action in Syria while also sparking hopes the US could rejoin a massive Pacific-wide free-trade pact. The US president on Wednesday sent shudders across trading floors when he warned “missiles will be coming” to Syria in response to an alleged chemical attack by the Russia-backed regime, fuelling fears of a stand-off between the major powers. But he tempered […]
NEW YORK, United States (AFP) — Stock markets across the world sprang higher Tuesday following a conciliatory speech by Chinese President Xi Jinping that reassured investors a trade war with the United States could be avoided. Following boosts to stock market indices across Asia and Europe, US benchmarks also shot higher, with the Dow finishing up nearly two percent. Xi pledged to lower tariffs on auto imports this year and take other steps to open […]
HONG KONG, China (AFP) — Asian markets rallied Tuesday after Chinese President Xi Jinping eased worries over a simmering US trade conflict by promising new measures to open his country’s massive economy “wider and wider”. In a closely watched speech at the Boao Forum — dubbed the Asian Davos — he pledged a “new phase of opening up”, adding that Beijing “does not seek a trade surplus” and wants to boost imports. After starting the […]
WASHINGTON, United States (AFP) – Facebook chief Mark Zuckerberg placed the blame for privacy and security lapses at the world’s largest social network squarely on himself as he girded Monday for appearances this week on Capitol Hill before angry lawmakers. In prepared remarks released by a congressional panel, Zuckerberg admitted he was too idealistic and failed to grasp how the platform — used by two billion people — could be abused and manipulated. The 33-year-old […]
MOSCOW, Russia (AFP) — Russian aluminum giant Rusal saw its share price nearly halved on the Hong Kong stock exchange Monday after Washington placed it under sanctions, putting the metals major at risk of defaulting on part of its debt. At 0710 GMT, the company’s stocks had tumbled 49 percent to HK$2.38 ($0.30, 0.25 euros). The fall represented a loss of more than 3.5 billion euros ($4.3 billion) for the company, which is headed by […]
HONG KONG, China (AFP) — Asian markets fluctuated on Monday as easing concerns about a sharp rise in US interest rates were tempered by growing fears about a potentially catastrophic China-US trade war. US markets plunged on Friday after Donald Trump warned of tariffs on an additional $100 billion worth of Chinese imports, which Beijing responded to by saying it would stand firm. The president’s announcement comes weeks after his decision to tax imports of […]
SEOUL, South Korea (AFP) — Samsung Electronics flagged Friday a first-quarter operating profit of 15.6 trillion won ($14.7 billion), a record for any three-month period, as it benefited from soaring demand for its memory chips for mobile devices. Sales for January to March are expected to reach 60 trillion won, the world’s largest maker of smartphones and memory chips said in an earnings forecast. The profit forecast from Samsung Electronics — the flagship subsidiary of […]
HONG KONG, China (AFP) — Asian stocks were mainly higher during the opening skirmishes Thursday, taking their cue from a stronger session on Wall Street as investors judged recent trade war fears were overblown. Tokyo led the gainers, climbing a solid 1.5 percent as the more positive market sentiment reduced demand for the safe-haven yen, pushing the currency down. The dollar fetched 106.83 yen in early Asian trade, up slightly from 106.82 yen in New […]
