China’s factory activity shrank this month, official data showed Wednesday, with Beijing blaming a “sharp shift” in the global economy as it fights a mounting trade war with the United States.Punishing US tariffs that have reached 145 percent on many Chinese products came into force in April, while Beijing has responded with fresh 125 percent …
China’s manufacturing shrinks in April as trade war bites Read More »
South Korean tech giant Samsung Electronics reported a better-than-expected 21.7 percent rise in first-quarter net profit on Wednesday as consumers rushed to buy smartphones under the looming threat of US tariffs.The firm said it expected improved earnings in the second half if “uncertainties are diminished”.The results come as Seoul and Washington work to craft a …
Samsung Electronics posts 22% jump in Q1 net profit Read More »
Global stocks mostly rose despite fresh signs of a tariff hit to corporate earnings, while Wall Street cheered President Donald Trump’s moves to soften the levies hitting automakers.Trump’s pivot includes limitations on the impact of multiple tariffs on carmakers and a measure to allow carmakers to offset a portion of the levy for two years.All …
Global stocks mostly rise as Trump grants auto tariff relief Read More »
