Thursday, March 28, 2024
ANOTHER week, a further ratcheting up of trade tensions between America and China. On September 17th President Donald Trump announced that he had approved another wave of tariffs on Chinese imports. From September 24th, imports of products which in 2017 were worth as much as $189bn, including furniture, computers and car parts, will be hit…
(Reuters) - Tesla Inc’s (TSLA.O) Elon Musk could settle with U.S. regulators who have sued to remove him from the electric carmaker’s leadership, but he is prepared to fight the securities fraud lawsuit against him in court, sources said on Friday as shares plunged about 14 percent. Musk, Tesla’s chairman and chief executive, has been…
Media playback is unsupported on your device Media captionObama: 'Trump a symptom not the cause' of US division Former US President Barack Obama has launched a stinging attack on Donald Trump and the "crazy stuff that is coming out of this White House"."This is not normal, these are extraordinary times and they are dangerous times,"…
DEBT stalks Africa once again. Over the past six years sub-Saharan governments have issued $81bn in dollar bonds to investors hungry for yield. Piled on top of this are murkier syndicated loans and bilateral debts, many to China and tied to big construction projects. Public debt has climbed above 50% of GDP in half the…
Brendan McDermid/Reuters Stocks staged a recovery early on Friday following tame inflation data.  The Dow Jones industrial average fell more than a thousand points between Tuesday and Thursday.  Watch US indexes trade in real time here. Following the worst couple of days on Wall Street since February, stocks staged a recovery on Friday amid signs…
Amazon has finally, officially made a decision. The company on Tuesday announced it would split its second-headquarters project, which it calls HQ2, in two. The two locations — the Long Island City neighborhood of Queens, New York, and the newly formed National Landing area of Arlington, Virginia — will each get roughly half of the…
Chinese stocks took a hammering Monday as traders returned to work after a weeklong holiday in the world's second-largest economy. Losses on major indexes in mainland China were as high as 4.8% in a major market rout, with the China A50, which includes major companies from both the Shenzhen and Shanghai indexes, as the biggest…
THE CAREER OF China’s biggest property tycoon can be divided into two stages. Xu Jiayin started slowly, focusing on Guangzhou, a southern city. Then came the global financial crisis and the government’s response, a giant economic stimulus, launched a decade ago this month. For Mr Xu it was a signal to become far bolder. His…
There are wine bars and a cycling studio along the riverfront in Long Island City, among gleaming high-rise apartment buildings with views of Midtown Manhattan. The soon-to-open library branch is a modern art cube of concrete, the median income is $138,000 a year, and America’s hottest online retailer is about to move in. In the…
PRESIDENT DONALD TRUMP is fighting trade battles on multiple fronts. But on September 30th he called a truce in one of them. Having threatened to rip up the North American Free Trade Agreement (NAFTA), a trade deal between America, Canada and Mexico, he has agreed instead to replace it. With the Canadians now on board,…