The China Mail - Economy

Under Trump pressure, EU agrees to implement US trade pact

EU lawmakers and member states reached a deal in the early hours of Wednesday to implement the bloc's nearly year-old trade pact with the United States, with President Donald Trump threatening new tariffs unless it is done by July 4.

US enforces law to crack down on sexual deepfakes

The United States on Tuesday began enforcing a law requiring tech platforms to remove sexual deepfakes and other non-consensual intimate imagery, but experts warned of shortcomings and raised online censorship concerns.

New York art auctions roar back with blockbuster sales

With record prices for Jackson Pollock, Constantin Brancusi and Mark Rothko, New York's spring auctions are soaring, confirming a trend that began in late 2025: blockbuster sales are back.

Under Trump pressure, EU seeks deal to end trade standoff

The EU headed into late-night talks Tuesday seeking a deal towards implementing its nearly year-old trade pact with the United States -- with an impatient President Donald Trump threatening steep new tariffs unless it is done by July 4.

Airbus seeks to cut peripheral expenses due to Mideast war

European aviation giant Airbus has asked its teams to cut "non-essential expenses" by 10 percent due to turbulence following the Middle East war, according to a document seen by AFP.

Oil dips, stocks mixed after Trump holds off on Iran attack

Oil prices eased Tuesday but remained above $100 a barrel while stocks wavered as investors tracked a potential deal between the US and Iran to end a war that has sent energy prices soaring.

France says G7 finance talks 'frank, sometimes difficult'

France's finance minister acknowledged Tuesday that two days of talks among leading global economies were "sometimes difficult", even as the group agreed a statement committing to multilateral cooperation in combatting growing economic risks.

Stocks rise, oil dips after Trump holds off on Iran attack

Stock markets mostly rose Tuesday as investors tracked easing oil prices and cautious optimism over a potential deal between the US and Iran to end a war that has sent energy prices soaring.

Germany starts sale of bailed-out energy firm Uniper

Germany had started the process to sell most of its stake in energy giant Uniper, the government said Tuesday, more than three years after nationalising the company following its near collapse amid the Ukraine war.

Germany starts sales process for bailed-out energy firm Uniper

Germany had started the process to sell most of its stake in energy giant Uniper, the government said Tuesday, more than three years after nationalising the company following its near collapse amid the Ukraine war.

Tech stocks retreat, oil dips after Trump holds off on Iran attack

Asian markets wavered Tuesday, with tech stocks leading losses as investors tracked easing oil prices and cautious optimism over a potential US-Iran deal.

Stellantis joins race to build mini-EVs for Europe

Stellantis, owner of the Jeep and Fiat brands, announced Tuesday that it would start building smaller, low-cost electric cars for the European market, where demand for clean-energy vehicles has fallen short of automakers' hopes.

SNC Scandic Coin 与 Biconomy：受监管的现实世界资产遇见全球交易基础设施

位于香港的全球公司 Scandic Finance Group（SFG）正在走一条不同寻常的道路：通过 SNC Scandic Coin（SNC），该公司在市场上推出了一种不仅仅是投机品，而是实质性的支付手段、入场媒介和客户忠诚工具的数字价值。该代币是由媒体、移动出行、技术、房地产和安全服务组成的大型生态系统的核心，用户可以用这一种数字货币支付日常所需。继宣布登陆 BitMart 和 L‑Bank 之后，SFG 现在宣布 Biconomy 成为五大交易所合作伙伴中的第三家。这一合作旨在大幅扩大 SNC 的国际覆盖范围，实现受监管且实用的现实世界资产代币的愿景。一种新型的效用代币与许多炒作型代币不同，SNC Scandic Coin 专注于明确的应用场景。根据 SFG 董事会的说法，“SNC”三个字母代表安全/协同、网络和社区，反映了透明、现代设计和技术取向等斯堪的纳维亚价值观。10 亿枚代币的固定总供应量和每枚代币 0.02 欧元的计划发行价限制了供应，并为长期规划创造了可能。详尽的归属计划确保新代币只会逐步释放；根据白皮书，销售所得将用于安全措施、审计、扩展 SFG 基础设施和流动性，以及营销和运营。 Scandic Fly、Scandic Pay、Scandic Cars、Scandic Estate、Scandic DEV、Scandic SEC、Scandic Domain 和 Scandic Yachts 等 Scandic 平台未来计划接受该代币，用于航空和游艇包租、车辆和房地产购买、应用程序、人工智能服务和域名服务。此外，用户可以获得现金返还、奖励以及豪华旅行和优质媒体等特殊服务，这些服务由 Leisure 集团通过其 115 多份日报在全球市场提供。安全和监管在该项目中发挥着核心作用。SNC 的智能合约经过 CertiK 审计；2026 年 3 月 2 日的公开 Skynet 报告未发现严重漏洞。SFG 与数据和信用供应商 CRIF 合作，处理 KYC/KYB 流程和反洗钱控制。多层风险管理系统旨在确保合规性和 ESG 认证。这一稳固的监管基础对于在严格监管的现实世界资产环境中建立效用代币至关重要。

Japan economy grows faster than expected in first quarter

Japanese economic growth surpassed expectations at the start of 2026, official data showed on Tuesday, but Prime Minister Sanae Takaichi is mulling an extra budget as concerns grow over inflation due to the Middle East war.

China market for Nvidia AI chips to open 'over time': Huang

Nvidia boss Jensen Huang expects China to eventually open its market to high-end US chips that can train and run artificial intelligence systems.

Asian markets cautious, oil dips after Trump holds off on Iran attack

Asian markets were mixed Tuesday as oil prices eased on hopes of a US-Iran deal, though elevated crude levels capped investor appetite for risk.

Fans of historic DC park wary of Trump plan to 'beautify' city

Every Sunday, percussionists, dancers and everyday residents of the US capital gather in a Washington park for a drum circle -- a decades-old tradition that historically celebrated Black liberation.

As bee population collapses, US apiarists fear research cuts

In a lot behind a disused West Virginia gas station at the foot of the Appalachian Mountains, Roy Funkhouser is surrounded by about a dozen beekeepers and countless buzzing bees.

US to screen for Ebola at airports, one American in DR Congo infected

The United States said Monday it is bolstering precautions to prevent the spread of Ebola, including screening air travelers from outbreak-hit areas and temporarily suspending visa services.

Oil rises, global stocks mixed as markets track Iran developments

Global stock markets were mixed Monday and oil prices rose while investors digested shifting developments in the Middle East as US President Donald Trump said he postponed a planned attack on Iran at the request of Gulf leaders.

Trump says holding off on new Iran attack

US President Donald Trump said Monday he had held off on imminent plans to resume attacking Iran, piling pressure as Tehran rebuffs his demands for ending the war.

'Girl in the River Main' identified 25 years on, father arrested

A teenager nicknamed "The Girl in the River Main" after her body was found floating in Germany a quarter-century ago bearing signs of abuse has finally been identified, leading to her father's arrest, Interpol said Monday.

SNC Scandic Coin and Biconomy: Regulated real-world assets meet global trading infrastructure

The global corporation Scandic Finance Group (SFG) from Hong Kong is taking an unusual path: with the SNC Scandic Coin (SNC), it is launching a digital asset on the market that is not intended purely as a speculative object but as a genuine means of payment, an access medium and a customer loyalty instrument. The token is the core of a large ecosystem comprising media, mobility, technology, real estate and security services, in which users are meant to pay for their daily needs with a single digital currency. Following the announced listings on BitMart and L-Bank, SFG has now announced that Biconomy has been won as the third of five major exchange partners. This cooperation is intended to massively increase the international reach of the SNC and put the vision of a regulated, practical real-world asset token into practice.A new kind of utility tokenUnlike many hype coins, the SNC Scandic Coin focuses on clear use cases. According to the SFG board, the letters “SNC” stand for security/synergy, network and community and reflect Scandinavian values such as transparency, modern design and technological affinity. The fixed total supply of one billion tokens and the planned issue price of USD 0.02 per SNC limit the supply and create long-term planning certainty. A detailed vesting plan ensures that new tokens are released only gradually; according to the white paper, the proceeds from the sale flow into security measures, audits, the expansion of SFG infrastructure and liquidity, as well as into marketing and operations.The Scandic platforms – including Scandic Fly, Scandic Pay, Scandic Cars, Scandic Estate, Scandic DEV, Scandic SEC, Scandic Domains and Scandic Yachts – plan to accept the coin in future for flight and yacht charters, vehicle and property purchases, apps, artificial intelligence services and domain services. In addition, users will receive cashback, rewards and access to exclusive services such as luxury travel and premium media offerings, which the Legier-Group markets worldwide through its portfolio of over 115+ daily newspapers across all continents, and even operates its own Global-News-App.Security and regulation occupy a central position in this project. The SNC smart contract was audited by CertiK; the publicly accessible Skynet report of 2 March 2026 found no critical vulnerabilities. For the KYC/KYB processes and anti-money laundering controls, SFG cooperates with the data and credit provider CRIF. A multi-layered risk management system is intended to ensure compliance and ESG certificates. This strong regulatory basis is decisive for establishing a utility token in the highly regulated environment of real-world assets.

Judge allows gun as evidence in Mangione healthcare exec murder trial

The US judge overseeing Luigi Mangione's New York state trial for the murder of a healthcare executive decided Monday to admit crucial items of evidence including a gun and a notebook.

Oil rises, bond yields weigh on stocks

Stock markets diverged Monday as investors worried about borrowing costs, while oil prices rose as US President Donald Trump ratcheted up pressure on Iran.

Middle East tourism pain is Europe's gain

Europeans are choosing to vacation closer to home as the war in the Middle East has amplified security concerns and made long-haul flights more expensive.

Oil prices dip on report of US sanctions relief for Iran during talks

Oil prices turned lower in afternoon trading Monday and stock markets advanced after an Iranian media report said US officials had agreed to suspend sanctions against its crude while talks on ending the war continue.

Transport protests hit Kenya over rising fuel prices

Kenya's public transport system was paralysed on Monday, when protesters barricaded roads over fuel price hikes triggered by the Middle East war.

Swatch blames shopping centres for 'problems' with star product launch

Swiss watch giant Swatch said Monday insufficient organisation by shopping centres contributed to scuffles at around 20 stores worldwide over the weekend as clients raced to buy a limited-edition timepiece.

Stocks drop, oil climbs after fresh Trump warning to Iran

Stock markets mostly retreated and oil prices gained Monday after US President Donald Trump issued a new warning to Tehran, saying it must move quickly towards a peace deal or "there won't be anything left of them".

Twins wow Cannes with 'mesmeric' tale of Nigeria's rich

The Lagos of Arie and Chuko Esiri's Cannes Film Festival hit "Clarissa" is not one that has ever been seen on the big screen.

Ryanair flags Iran war uncertainty as annual profit jumps

Irish no-frills carrier Ryanair reported Monday a sharply higher annual profit but warned that the Middle East war has clouded its outlook for the year ahead.

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