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SEOUL -South Korea’s top trade envoy Cheong In-kyo said on Thursday that U.S. President Donald Trump’s tariff reprieve had provided room for negotiations, as the country seeks to reduce tariffs through talks. Cheong met U.S. Trade Representative Jamieson Greer about…
BEIJING/WASHINGTON -U.S. President Donald Trump’s stunning decision to pause the hefty duties he had just imposed on dozens of countries sent battered global stock markets surging on Thursday even as he ratcheted up a trade war with the world’s No….
WASHINGTON – U.S. consumer prices likely increased marginally in March, but inflation risks are tilted to the upside after President Donald Trump doubled down on tariffs on imported Chinese goods even as he lowered duties on other nations. The report…
Las Vegas -Alphabet said on Wednesday it was still committed to spending some $75 billion this year to build out data center capacity despite turmoil over U.S. tariffs and sought to reassure investors that its AI plans were yielding good…
SINGAPORE -Global stocks rallied, the dollar found its footing and a manic bond selloff stabilised on Thursday after U.S. President Donald Trump said he would temporarily lower the hefty duties he had just imposed on dozens of countries. Following a…
European shares surged on Thursday after U.S. President Donald Trump announced an immediate 90-day pause on tariffs for many trading partners, prompting a massive relief rally following a days-long market rout. The suspension of punishing tariffs on dozens of countries…
BEIJING – China’s commerce ministry said on Thursday that China is open to dialogue with the U.S. but this must be on the basis of mutual respect and equality. Pressure, threats and blackmail are not the right way to deal…
LOS ANGELES – U.S. container imports rose 11% year over year in March, continuing this year’s outsized monthly gains, but U.S. President Donald Trump’s escalating tariffs are dimming the outlook for later this year, trade executives said. U.S. seaport imports…
BERLIN – German economic institutes on Thursday cut their growth forecast for this year to 0.1% from the 0.8% expected in September, taking into consideration initial U.S. tariffs on steel, aluminium and cars, confirming an earlier Reuters report. Exports-dependent Germany…
TAIPEI – Taiwan’s exports rose more than expected in March to a record level as customers placed orders ahead of expectations of U.S. tariffs, with uncertainty over global trade policy clouding the outlook. Exports jumped 18.6% from the same month…
WASHINGTON – Minutes after President Donald Trump announced a 90-day pause on a tariff plan that triggered a stock market rout and global upheaval, U.S. Treasury Secretary Scott Bessent strode out of the White House to explain the abrupt turnabout….
DUBAI – Iran may suspend cooperation with the UN nuclear watchdog if external threats continue, an adviser to Iran’s supreme leader said on Thursday, after U.S. President Donald Trump again warned of military force if Tehran does not agree to…
KYIV – Technical consultations between the United States and Ukraine on a minerals deal will begin in Washington on Friday, the Interfax Ukraine news agency quoted Ukrainian Deputy Prime Minister Olha Stefanishyna as saying on Thursday.
LUCERNE, Switzerland -UBS Chairman Colm Kelleher on Thursday reiterated the Swiss bank’s intention to repurchase shares to the tune of $3 billion in 2025, despite looming capital rule changes and global economic uncertainty. The bank plans to repurchase $1 billion…
With markets crashing after U.S. President Donald Trump announced his latest tariffs, Citigroup’s banking head Viswas Raghavan called a global meeting of senior bankers on Monday and told them to get on the phone with their clients. Raghavan’s message was…
OSLO – Norway’s $1.7 trillion sovereign wealth fund, the world’s largest, will remain calm in the face of turbulent times, upholding a long-term investment strategy that is widely agreed upon, the government said in a strategy update on Thursday. The…
PARIS – The European Union will put on hold for 90 days its first countermeasures against U.S. President Donald Trump’s tariffs, European Commission President Ursula von der Leyen said in a statement on X. “We took note of the announcement…
MOSCOW – The United States and Russia swapped prisoners on Thursday, bringing a dual citizen jailed in Russia back home in return for a Russian-German national accused of exporting sensitive U.S. electronics for use in Russia’s military. Following are some…
KYIV – Ukraine has told the U.S. that accepting curbs on the size of its armed forces or on its military’s overall readiness would be a red line, a senior Ukrainian official said, as Donald Trump strives to negotiate an…
BEIJING -China said on Thursday it would immediately restrict imports of Hollywood films in retaliation for President Donald Trump’s escalation of U.S. tariffs on imported Chinese goods. After three decades during which China annually imported 10 Hollywood movies, its National…
MADRID – Deep-pocketed U.S. citizens paid the highest prices for Spanish property of all foreign buyers last year, while making the most purchases in some central and northern regions, data showed on Thursday, exacerbating a housing crisis in the country….
MILAN – Prada has struck a deal to buy smaller rival Versace from Capri Holdings in a move to unite two of the biggest names in Italian fashion. The deal has an enterprise value of $1.375 billion, Prada said on…
LONDON – A positive correlation between global oil benchmark Brent crude and U.S. equities has reemerged in 2025, reflecting concern about the slowing economy and the impact of U.S. President Donald Trump’s trade wars. Asset classes moving in tandem presents…
WASHINGTON – The United States is considering offers from 15 countries on tariff agreements and is close to deals with some of them, White House economic adviser Kevin Hassett said on Thursday after President Donald Trump lowered some of the…
WASHINGTON -U.S. President Donald Trump on Wednesday signed directives targeting two former government officials who criticized him during his first term, calling one of them a traitor and saying they should be investigated. One of Trump’s directives named Christopher Krebs,…
SHENZHEN, China -Chinese companies that sell products on Amazon are preparing to hike prices for the U.S. or quit that market due to President Donald Trump’s unprecedented tariff hikes, sellers and the head of China’s largest e-commerce association said. Trump…
BRUSSELS – European Commission President Ursula von der Leyen on Thursday welcomed US President Donald Trump’s announcement of a pause in reciprocal tariffs. “Clear, predictable conditions are essential for trade and supply chains to function,” she said in a statement…
KUALA LUMPUR – Planned U.S. tariffs could reduce Indonesia’s potential growth by 0.3 to 0.5 percentage points, but a 90-day pause in implementing the levies allows time to discuss solutions, Indonesia’s finance minister told Reuters on Thursday. Minister Sri Mulyani…
KYIV -Russian drones attacked the Ukrainian capital of Kyiv and the southern city of Mykolaiv overnight, injuring at least 12 people, authorities said on Thursday. Two women were injured in the capital, where drones also sparked a fire at a…
ISTANBUL- Russia and the United States are set to hold talks in Turkey on Thursday on normalising the work of their diplomatic missions after the war in Ukraine triggered the biggest confrontation between Moscow and the West since the depths…