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Global stocks rally on German defense push, US pause on auto tariffs
Global stocks rallied on Wednesday, buoyed by Germany's plan to massively boost spending on defense and a move by the White House to pause tariffs on auto imports from Mexico and Canada.
Trump tariffs reverberate through Mexico's industrial belt
For decades, Mexico's industrial borderlands boomed thanks to growing trade with the world's largest economy next door. Today, US tariffs cast a long shadow over a region home to thousands of factories employing armies of workers.
Deluge of Trump tariffs seen hitting household budgets
Consumer items ranging from avocados and strawberries to electronics and gasoline look poised for price hikes in the wake of President Donald Trump's tariffs on Mexico, Canada and China.
Trump suspends tariffs for autos as Trudeau call yields no breakthrough
Automakers received a temporary reprieve Wednesday from US President Donald Trump's tariffs targeting Canada and Mexico, as concerns mounted over consumer impacts and talks with Canadian Prime Minister Justin Trudeau yielded no immediate breakthrough.
Supreme Court rejects Trump bid to freeze $2 bn in foreign aid
A divided US Supreme Court handed a legal defeat to President Donald Trump on Wednesday, rejecting his bid to freeze some $2 billion in foreign aid payments.
Mind the wage gap: China's subway farmers highlight inequality
Elderly Chinese farmers carrying enormous baskets of vegetables squeezed into a subway station as its doors opened before dawn on Wednesday, on the outskirts of megacity Chongqing.
Stocks rally on tariff relief hopes, German spending plan
Stock markets rallied Wednesday, buoyed by Germany's plan to massively boost spending on defence, signals that US President Donald Trump could ease huge tariffs and China's economic targets.
Stocks rally on hopes of China stimulus and tariff relief
Markets rallied Wednesday as investors welcomed China's economic targets and a US official signalled that President Donald Trump could dial down tariffs on Canada and Mexico.
Trump tariffs leave Mexican tequila producers with sour taste
Mexico's booming tequila industry was left reeling Wednesday after US President Donald Trump slapped sweeping tariffs on the Central American nation that producers say threaten the popularity of its most famous liquor.
Asian stocks rally on hopes of China stimulus
Asian markets rallied on Wednesday as investors welcomed China's economic targets which they hope will offset the impact of a global trade war.
China eyes five percent growth despite US trade war
China set an ambitious annual growth target of around five percent on Wednesday, vowing to make domestic demand its main economic driver as an escalating trade war with the United States hit Beijing's exports.
What TSMC's $100 bn investment in the US means for Taiwan
Taiwanese chip-making giant TSMC plans to invest a whopping $100 billion in the United States, after US President Donald Trump threatened to slap tariffs on overseas-made chips.
Trump says tariffs will bring 'a little disturbance' to US economy
The US economy is set to experience some "disturbance" from tariffs, President Donald Trump said Tuesday, as trade tensions flare after he imposed sweeping levies on Mexico, Canada and China.
Asian stocks rebound on China stimulus package
Asian markets were mostly up Wednesday as investors weighed bullish growth targets announced by China despite its sluggish economy and the looming prospect of a global trade war.
Japan powerboat racing revs up bid to shed shadowy reputation
Racers shut away for a week incommunicado and airport-style metal detectors -- powerboating in Japan deploys strict measures as one of only four sports in the country that can be legally bet on.
Musk fails in bid to block OpenAI becoming for-profit business
A US judge on Tuesday denied Elon Musk's request to prevent OpenAI from becoming a for-profit business in a loss for the Tesla tycoon amid his feud with Sam Altman.
Japan women's football pioneer Nagasato retires
Women's World Cup winner Yuki Nagasato, who made history with a brief spell playing for a men's team, said she had given "every last drop" as the Japanese striker announced her retirement from football.
China eyes 5 percent growth despite trade war
China on Wednesday set an annual growth target of around five percent, vowing to make domestic demand its main economic driver as an escalating trade war with the United States hit Beijing's exports.
Europe's Ariane 6 rocket launch rescheduled to March 6
The first commercial mission of Europe's new heavy-lift rocket Ariane 6 has been rescheduled for Thursday, French company Arianespace announced, after an "anomaly" forced a last-minute postponement.
China sets annual growth target of around 5 percent
China on Wednesday set an annual growth target of around five percent, vowing to make domestic demand its main economic driver as an escalating trade war with the United States hit Beijing's exports.
Tech giants object as YouTube set to dodge Australian social media ban
Australia's plan to exempt YouTube from a world-leading teen social media ban is "illogical" and a "mockery", rival tech giants Meta and TikTok said Wednesday.
China aiming for growth of 'around 5 percent' in 2025: official document
China is pushing for economic growth of "around five percent" in 2025, an official document seen by AFP on Wednesday showed, an ambitious goal as Beijing faces down an intensifying trade war with the United States and deepening economic doldrums at home.
IXOPAY Launches Payment Account Reference Solution, Deepening Customer Insights in Digital Commerce
PAR provides a single, non-sensitive identifier that connects all transactions tied to a payment account
Canada, Mexico could see relief from tariffs, Trump official hints
The US commerce secretary on Tuesday said President Donald Trump could dial down huge tariffs on Canada and Mexico this week while maintaining pressure on China, hours after Canada's premier attacked the United States' "dumb" trade war.
Ports sale offers Panama way out of Trump row: experts
The decision by Hong Kong firm CK Hutchison to sell its Panama ports to a US-led consortium provides the Central American country with a convenient way out of its standoff with President Donald Trump, experts said Tuesday.
Global stocks tumble as Trump proceeds with more US tariffs
Stock markets were in gloomy mode Tuesday as China, Mexico and Canada hit back at US tariffs and fears grew that Europe could be President Donald Trump's next target in the growing global trade war.
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.
Tesla shares fall on weak China auto sales
Shares of Tesla tumbled Tuesday following data showing a big drop in auto sales in China, adding to recent losses amid backlash to CEO Elon Musk's alliance with US President Donald Trump.
China, Canada retaliate against Trump's 'dumb' tariff war
Canadian Prime Minister Justin Trudeau launched a stunning attack on Donald Trump's "dumb" trade war as huge US tariffs kicked in against Canada, Mexico and China on Tuesday, sparking angry and immediate retaliation from all three.
EU chief unveils 800-billion-euro plan to 'rearm' Europe
EU chief Ursula von der Leyen Tuesday presented a plan to mobilise some 800 billion euros ($843 billion) for Europe's defence -- and help provide "immediate" military support for Ukraine after Washington suspended aid.
Seize or freeze? Friction in Europe over Russian assets for Ukraine
As Europe scrambles to boost military aid to Ukraine, calls are intensifying to fund it by seizing tens of billions of euros in frozen Russian assets, in an issue causing tension between European allies.
Stock markets, oil slide on trade war fears as US tariffs bite
Stock markets were in gloomy mode Tuesday as China, Mexico and Canada hit back at US tariffs and fears grew that Europe could be President Donald Trump's next target in the growing global trade war.