AFP Asia Business
Primark boss defends practices as budget fashion brand eyes expansion
Ireland-based budget fashion chain Primark has been criticised for its record on workers’ rights and the effect of its low-cost, high-volume model on the environment.But its chief executive Paul Marchant does not agree. “I don’t buy the story that we can’t be ethical buying from Asia,” he told AFP in an interview in Dublin.In the …
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‘Retaliate’: Trump tariff talk spurs global jitters, preparations
Donald Trump’s tariff threats have rattled foreign businesses and governments, with many fearing it could signal the opening salvo of an all-out trade war when he returns to the White House next year.The president-elect on Monday placed both allies and rivals on notice, vowing to quickly slap an across-the-board tariff of 25 percent on Canada …
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Stock markets waver as traders weigh Trump tariffs, inflation
US and European stock markets wobbled Wednesday as key US inflation data showed an uptick, with traders also weighing US President-elect Donald Trump’s tariff threats and a political standoff in France.Wall Street saw red with both the Dow and S&P 500 retreating from records on the eve of the Thanksgiving holiday. The Nasdaq also declined.European …
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Mexico says Trump tariffs would cost 400,000 US jobs
Mexico said Wednesday the United States will be shooting itself in the foot if President-elect Donald Trump implements his threats to impose 25-percent tariffs on Mexican imports.Trump on Monday fired the warning shot in a looming trade war with the top three US trading partners by threatening to impose huge tariffs on Mexico, Canada and …
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Brussels, not Paris, will decide EU-Mercosur trade deal: Lula
France does not get to decide whether a free trade deal between the EU and South America’s Mercosur bloc goes ahead — only Brussels does, Brazilian President Luiz Inacio Lula da Silva said on Wednesday.Lula added firmly: “I intend to sign this agreement this year.”Brazil’s position, stressed by Lula in a speech on Brazilian industry, …
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