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HONG KONG, China (AFP) — A softer tone on threatened tariffs from the White House helped Asian markets rise on Thursday, continuing a week of volatility sparked by fears of a global trade war. Equities have swooned since Donald Trump last week unveiled the levies as part of his “America First” agenda, which were met with anger across the world and from leaders in his own Republican Party. European Union officials outlined planned retaliatory measures […]
HONG KONG, China (AFP) — Asian markets and the dollar were jolted Wednesday as news that Donald Trump’s top economics advisor had resigned revived trade war fears, though the losses were tempered by North Korea’s offer of denuclearisation talks. Investors, already on edge over expected US interest rate hikes, have been rattled further since the US president last week unveiled controversial tariffs on steel and aluminum imports as part of his “America First” agenda. Equities […]
PARIS, France (AFP) — Amazon chief Jeff Bezos is now the world’s richest person, having snatched the top spot from Microsoft founder Bill Gates who slips to second place, according to Forbes magazine’s annual billionaires list published Tuesday. US President Donald Trump’s ranking on the list fell to 766th place from 544th in the last edition, his wealth now being estimated at $3.1 billion, $400 million less than a year ago. Thanks to a 59-percent […]
OTTAWA, Canada (AFP) – Canadian telecommunications firm BlackBerry sued Facebook on Tuesday, accusing the American social media company of infringing on its patents for messaging apps. BlackBerry is claiming infringement on patents it holds for message encryption and notifications, and is seeking an injunction as well as damages for lost profits, although no figure was given. Facebook and its wholly-owned services Instagram and WhatsApp are named as defendants in the lawsuit. The company said it intends to fight the […]
by Michael Mathes Agence France-Presse WASHINGTON, United States – Congressional Republicans occasionally confront Donald Trump on issues from immigration to diplomacy, but it is rare for them to bluntly oppose the US president on economic policy. That changed when he proposed tariffs on steel imports. Trump’s successes of 2017 — slashing regulations on US industry, hard-won tax cuts and soaring consumer confidence — won plaudits among conservatives like House Speaker Paul Ryan. But Trump’s aggressive plan to punish trade […]
WASHINGTON, UNITED STATES (AFP) – US chipmaker Qualcomm postponed its annual shareholders’ meeting after secretly requesting a national security review of Broadcom’s bid to take over the company, the Singapore-based Broadcom announced Monday. Qualcomm shareholders were due to meet Tuesday, but Broadcom said it was informed Sunday night that Qualcomm secretly filed a voluntary request on January 29 for US regulators to investigate the deal, and was ordered to postpone the meeting for 30 days. “It should be clear […]
by Heather SCOTT Agence France-Presse WASHINGTON, UNITED STATES – US President Donald Trump vowed Monday he will not back down on imposing steep tariffs on steel and aluminum on Canada and Mexico unless he gets a “fair” deal to revamp the North American Free Trade Agreement. He also criticized the European Union for the trade barriers on US companies and repeated his threat to slap tariffs on European car imports if Brussels retaliates against the steel tariffs. Speaking […]
TOKYO, Japan (AFP) — Top Japanese car makers said on Monday they were teaming up to nearly double the amount of hydrogen stations in Japan, as the car-mad country seeks to head off competition from China and Germany. Toyota, Nissan and Honda formed a joint venture with major gas and energy companies, including French industrial gases company Air Liquide, to build 80 new hydrogen stations in the next four years, to add to the 101 […]
HONG KONG, China (AFP) — Asian markets turned negative again on Monday as the fallout from Donald Trump’s steel and aluminum tariffs continues to feed concerns of a global trade war. Equities went into a tailspin last week after the tycoon unveiled his plans for the controversial levies, and while US investors ended Friday on a slightly positive note, there is still the prospect of more volatility to come. Trump ramped up his rhetoric at […]
FRANKFURT AM MAIN, Germany (AFP) — German computer chip maker Infineon said Friday it is teaming up with China’s biggest carmaker, SAIC Motor Corporation, to produce power modules for the Chinese electric car market, the world’s biggest. Infineon said in a statement it will hold a 49-percent stake in the new Shanghai-based company, SAIC Infineon Automotive Power Modules (SIAPM), which will make inverters — vital parts that convert power from the battery to a form […]
HONG KONG, China (AFP) — Steel and aluminum producers across Asia sank Friday on news of Donald Trump’s controversial tariffs, though some analysts said the long-term effects on the sector might not be as bad as thought. The president said Thursday he would slap levies of 25 percent on steel and 10 percent on aluminum imports, delivering an election campaign promise to put “America First” and protect US jobs from what he claims are […]
(Eagle News) — Finance Secretary Carlos Dominguez III on Thursday said that the Bangsamoro Basic Law (BBL) should be “open to changes.” In a statement, he said this was to allow the Bangsamoro autonomy to “evolve by abandoning its mistakes and strengthening its positive aspects.” “We recommend that lawmakers should look at past experiences in devolving certain basic services to learn from them and take into consideration these lessons when crafting the BBL,” Dominguez said. […]
