The China Mail - Economy

US tariffs to kick in Aug 1, barring trade deals: Bessent

US tariffs will kick in on August 1 if trading partners from Taiwan to the European Union do not strike deals with Washington, Treasury Secretary Scott Bessent said Sunday.

BRICS nations hit out at Trump tariffs

BRICS leaders descended on sunny Rio de Janeiro Sunday, but issued a dark warning that US President Donald Trump's "indiscriminate" import tariffs risk hurting the global economy.

BRICS meeting in Rio hits out at Trump tariffs

BRICS leaders descended on sunny Rio de Janeiro Sunday, issuing a dark warning that US President Donald Trump's "indiscriminate" import tariffs risk hurting the global economy.

US tariffs to kick in Aug 1 barring trade deals: Treasury Secretary

US tariffs will kick in on August 1 if trading partners from Taiwan to the European Union do not strike deals with Washington, Treasury Secretary Scott Bessent said Sunday.

BRICS gather in Rio as Trump tariff wars loom

BRICS leaders descended on sunny Rio de Janeiro Sunday, ready to issue a dark warning that US President Donald Trump's "indiscriminate" import tariffs risk hurting the global economy.

China's abandoned buildings draw urban explorers despite risks

Xu Pengcheng looks over his shoulder and, after confirming the coast is clear, helps his crew of urban adventurers climb through the broken window of an abandoned building.

Modi and Milei meet in Argentina ahead of BRICS summit

Indian Prime Minister Narendra Modi met Argentine President Javier Milei in Buenos Aires on Saturday, urging the expansion of New Delhi's preferential trade deal with South America's Mercosur bloc.

French doctor handed 10-year jail term for abusing patients

A French court sentenced a doctor to a 10-year prison term on Saturday for raping nine of his patients during medical consultations, according to a lawyer representing some of the victims.

Eight OPEC+ alliance members move toward output hike at meeting

Saudi Arabia, Russia and six other key members of the OPEC+ alliance will discuss crude production on Saturday, with analysts expecting the latest in a series of output hikes for August.

France says 'major issues' remain despite brandy price accord with China

France on Friday praised China's steps to settle a trade dispute over European brandy imports but warned that "major issues" remained unresolved.

'Always hiding': Haitian laborers fear Dominican deportation push

Agamise Cheranfant hides as soon as he finishes his work at a banana plantation in the Dominican Republic. Like many others, he is Haitian, undocumented, and lives in constant fear of deportation.

France praises China Cognac progress, warns of unresolved issues

France on Friday praised steps taken by China to settle a long-running trade dispute concerning European brandies but warned that a number of "major issues" remained unresolved.

Meltdown: Swiss glaciers hit annual tipping point weeks early

The snow and ice accumulated last winter by Switzerland's glaciers has already melted away, a monitoring service said, with Friday marking the alarming second-earliest arrival on record of the tipping point known as glacier loss day.

Dozens hurt in fuel station blast heard across Rome

A huge explosion at a petrol station in a Rome suburb on Friday injured nearly 30 people, two of them seriously, and rattled windows across the Italian capital.

Stocks, dollar drop as tariff talk dominates

Stock markets mostly fell alongside a retreating dollar Friday as international tensions over tariffs dominated sentiment.

Second day of travel chaos as French air traffic controllers strike

French air traffic controllers staged the second day of a two-day strike on Friday, prompting the cancellation of hundreds of flights not just to-and-from France but also overflying the country as summer holidays kick off.

Philippines asks Japan's help searching lake for missing cockfighters

The Philippines' justice secretary said Friday he has asked for Japan's technical assistance to help the search for dozens of cockfighting participants allegedly killed by rogue police and dumped in a lake south of Manila.

What is the state of play with Trump's tariffs?

With sweeping tariffs on friend and foe, US President Donald Trump has roiled financial markets and sparked a surge in economic uncertainty -- and tensions are mounting days before a fresh volley of higher duties are due to kick in.

Where do trade talks stand in the rush to avert higher US tariffs?

As a Wednesday deadline approaches for steeper US tariffs to hit dozens of economies ranging from the EU to India, trade negotiations with President Donald Trump's administration are coming down to the wire.

As US stocks hit records, experts see the dollar falling further

While the US stock market has fully recovered from a spring rout, the relentless drop in the dollar is prompting currency experts to warn of greater financial market turmoil ahead.

'Hug therapy': How Pope Leo is trying to unify Vatican

Pope Leo XIV heads off on holiday on Sunday, having spent his first two months as Catholic leader rebuilding unity and bolstering tradition after his predecessor's unorthodox papacy.

World Bank's IFC ramps up investment amid global uncertainty

While the world economy faces instability from US President Donald Trump's threats of a global trade war, the International Finance Corporation (IFC) is dramatically ramping up its investment activities.

Trump environmental agency suspends employees over letter of dissent

The US Environmental Protection Agency has suspended 139 employees after they signed a scathing open letter accusing Administrator Lee Zeldin of pushing policies hazardous to both people and the planet, a spokesperson said Thursday.

Brazil's Lula vists Argentina's Kirchner, under house arrest

Brazil's President Luiz Inacio Lula da Silva visited left-wing ally Cristina Kirchner on Thursday in Buenos Aires, where the former Argentine leader is under house arrest, wishing her "the strength to continue fighting."

Trump wins major victory as flagship bill passes Congress

US President Donald Trump on Thursday secured a major political victory when Congress narrowly passed his flagship tax and spending bill, cementing his radical second-term agenda and boosting funds for his anti-immigration drive.

South American bloc looks to Asia, Europe in face of Trump trade war

South America's Mercosur bloc sought Thursday to expand its markets in the face of US President Donald Trump's global trade war, with Brazil calling for closer ties with dynamic Asian economies.

Hidden gem: Angola opens up to tourists in a pivot from oil

When Feliesiano Muteca started surfing a decade ago, he had the waves at Cabo Ledo on Angola's long Atlantic coastline pretty much to himself.

Stocks climb as strong US jobs data soothes growth worries

Stock markets rose and the dollar held steady Thursday as strong jobs data showed the resilience of the US economy.

US trade deficit widens in May as Trump tariffs fuel uncertainty

The US trade deficit widened more than expected in May, with both imports and exports declining as US President Donald Trump's tariffs sent shock waves through the economy and snagged supply chains.

Modi pushes further India-Africa cooperation on Ghana visit

Indian Prime Minister Nerendra Modi on Thursday outlined plans for deeper ties between his country and Africa, as New Delhi increasingly vies for a stronger economic presence on the continent along with China and Russia.

Stocks climb as strong US jobs data pushes off rate hike

Stock markets rose and the dollar slid Thursday as strong jobs data showed the resilience of the US economy and reduced the likelihood of interest rate cuts.

Trump close to victory on flagship tax bill

US lawmakers teed up a final vote on Donald Trump's marquee tax and spending bill for Thursday morning after bruising Republican infighting nearly derailed the centerpiece of the president's domestic agenda.

The China Mail - Economy (English)

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