The China Mail - Economy

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Arctic shipping a daunting prospect in hotly contested region

With Gulf turmoil slashing Suez Canal traffic, shipping firms are tempted to try the Arctic for quicker trips between Europe and Asia -- but commercial prospects are unlikely to match countries' strategic ambitions for the North Pole.

Canadian negotiator says 'more work to do' on US trade deal

Top Canadian negotiator Dominic LeBlanc said late Friday that a US trade deal was not finalized, with just hours left until a midnight deadline when steep new tariffs are set to come into force.

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US banana giant Chiquita returns to Panama

US banana giant Chiquita Brands will resume operations in Panama and rehire thousands of workers fired after a crippling strike, the government of the Central American country said Friday.

Stocks slide as US inflation clouds rates outlook

Stock markets fell Friday, Wall Street indexes retreating from record highs as a key US inflation reading accelerated, lowering the possibility of sustained interest-rate cuts in the coming months.

Red Cross says number of missing people surging

More than a quarter of a million people are registered as missing by the Red Cross, a figure up nearly 70 percent over five years, the organisation said Friday.

Stock markets retreat as US inflation clouds rates outlook

Stock markets fell on Friday, with US indexes retreating from record highs as a key US inflation reading accelerated, lowering the possibility of sustained interest rate cuts in the coming months.

European stocks retreat before US inflation data

European stock markets fell Friday as investors digested mixed economic data, while shares in UK banks and the pound dropped on reports the sector could face a windfall tax.

Labubu fans flock to stores after launch of mini dolls

A dozen furry dolls strung together on a metal chain dangled from Labubu fan Maki Li's neck as he proudly posed for photos in front of a store selling the toys in central Beijing on Friday.

Swiss economic outlook 'dampened' by US tariffs: key barometer

Switzerland's key economic barometer fell in August after US President Donald Trump imposed whopping tariffs on the export-reliant country, the Swiss Economic Institute (KOF) said Friday.

Trump son hypes bitcoin on Hong Kong leg of Asia trip

Eric Trump, son of the US president, urged a crowd in Hong Kong on Friday to buy bitcoin during a trip to Asia where his crypto company is reportedly seeking acquisitions.

German unemployment tops 3 million, highest for a decade

German unemployment topped three million in August for the first time in over a decade, official data showed Friday, in another blow to Europe's struggling top economy.

Modi says India, Japan to 'shape the Asian century'

India and Japan will "shape the Asian Century", Prime Minister Narendra Modi said Friday, on a visit expected to secure billions of dollars in Japanese investment and an upgrade to security ties.

Hope and hate: how migrant influx has changed Germany

Men sit outside shisha bars and women in hijabs push strollers past Middle Eastern restaurants and pastry shops in Berlin's Sonnenallee, a wide avenue which has become a symbol of how much Germany has changed in the last decade.

At 81, DJ Gloria fills Sweden's dancefloors

She drops the beat and gets her groove on, spinning discs like a pro as her head-to-toe sequins twinkle under the lights: 81-year-old DJ Gloria is filling dancefloors across Sweden.

US ends tariff exemption for small packages shipped globally

The United States on Friday ended tariff exemptions on small packages entering the country from abroad, in a move that has sparked concern among small businesses and warnings of consumer price hikes.

Asia stocks mixed after Wall St hits new highs

Asian markets were mixed on Friday following recent strong gains and after the Dow and the S&P 500 hit new records.

Trump moves to end US tariff exemption for small packages

An approaching US deadline to end tariff exemptions on small parcels has tripped up global deliveries to the world's biggest economy, with some businesses halting shipments to American consumers and mulling price hikes.

US stocks reach new peaks as investors digest US GDP

Two of Wall Street's major indexes closed at record highs Thursday, lifted by an upward revision to second-quarter US GDP data and strong earnings from AI chip giant Nvidia.

Badminton federation smoothes feathers ruffled by shuttlecock shortage

Skyrocketing raw material prices in China have caused shuttlecock prices to more than double in recent months as suppliers struggle to meet rising demand from badminton enthusiasts around the world.

Luxury carmaker Lotus to slash UK jobs amid US tariffs

Chinese-owned luxury carmaker Lotus said Thursday that it planned to cut up to 550 UK jobs, in part over uncertainty caused by US President Donald Trump's tariffs.

Small parcels in limbo as Trump moves to end US tariff exemption

An approaching US deadline to end tariff exemptions on small parcels has tripped up global deliveries to the world's biggest economy, with businesses halting shipments to American consumers and mulling price hikes.

Stocks mixed as investors digest US GDP, Nvidia earnings

Stock markets fluctuated on Thursday as investors digested stronger-than-estimated US economic growth and record earnings at AI chip giant Nvidia.

Stocks mixed after Nvidia record earnings

Major stock markets traded mixed Thursday after Nvidia's quarterly earnings beat expectations, but shares in the AI powerhouse slipped over worries about its stalled business in China.

Swiss economy set to slow due to US tariffs

The Swiss economy will likely grow more slowly than previously expected next year due to the massive import tariffs imposed by US President Donald Trump, the economy ministry said Thursday.

Asian markets mixed after Nvidia earnings

Asian markets were mixed Thursday after AI powerhouse Nvidia's quarterly earnings beat expectations, but its shares slipped over worries about the company's stalled business in China.

Scandal facing sister of Argentina's president: 3 things to know

Public outrage is growing as an investigation digs into whether president Javier Milei's sister, Karina, accepted vast sums of cash in kickbacks from pharmaceutical sales to Argentina's disability services agency.

Need a pee? Japan has QR code for that

Japanese toilet giant TOTO has launched a service allowing those caught short in public to locate the nearest washrooms and see how busy they are real-time with a phone and QR code.

Guyana, emerging oil superpower, elects new leaders

South America's only English-speaking country Guyana goes to the polls on Monday in elections that will decide who will manage the nation's bountiful new oil riches.

Nigerian designer pushes 'Afro-lux' onto the global fashion scene

Its modern architecture complemented by latticework inspired by local Yoruba textiles, Alara, west Africa's first fashion and design "concept store", is an imposing sight in Lagos, Nigeria's bustling economic capital.

Trump moves to limit US stays of students, journalists

President Donald Trump's administration moved Thursday to impose stricter limits on how long foreign students and journalists can stay in the United States, the latest bid to tighten legal immigration in the country.

Bisexual ex-Australian Rules player praised for 'courage and bravery'

Former Australian Rules player Mitch Brown was hailed Thursday for his "immense courage and bravery" after coming out as the first openly bisexual or gay man in the sport's history.

Qantas says profits up, strong travel demand ahead

Qantas Airways said Thursday it lifted annual net profit and saw a bright outlook for travel demand, days after it was fined for illegally firing staff during the Covid-19 pandemic.

NATO says all countries to finally hit 2-percent spending goal

NATO on Thursday said all its members were finally set this year to hit the alliance's previous defence spending target of two percent of GDP -- as they gear up for a far more ambitious goal.

Stock markets waver before Nvidia reports profits climb

Stock markets fluctuated Wednesday as investors braced for a key earnings update from AI giant Nvidia, whose robust growth has largely driven strong gains for tech stocks in recent months.

The China Mail - Economy (English)