The China Mail - Economy

It's showtime at Eurovision as semis begin

The 2025 Eurovision Song Contest started Tuesday in a blaze of lights, colour and pyrotechnics as competitors strutted their stuff in the first semi-final in the world's biggest televised live music event.

US inflation cooled in April as Trump began tariff rollout

US President Donald Trump on Tuesday hailed cooler-than-expected April inflation data and reiterated his call for the Federal Reserve to cut interest rates, as analysts warned that his tariffs may still fuel price hikes in the months ahead.

Rights groups urge court to halt UK fighter jet supplies to Israel

Rights groups on Tuesday urged judges to halt Britain's supply of fighter jet parts to Israel amid the war in Gaza, as they took the government to court and accused it of breaking international law.

Sean Combs's ex Cassie says he 'controlled' her life

Sean "Diddy" Combs's former partner Casandra Ventura told jurors at the music mogul's sex trafficking trial Tuesday how he "controlled" her life and wielded compromising sexual blackmail material to keep her in line.

US inflation cooled in April as Trump rolled out tariffs

US consumer inflation cooled slightly in April, but analysts warned prices could spike in the coming months as businesses grapple with President Donald Trump's sweeping "liberation day" tariffs.

US consumer inflation cooled in April as Trump rolled out tariffs

US consumer inflation cooled slightly in April, but analysts warned prices could spike in the coming months as businesses come to grips with President Donald Trump's sweeping "liberation day" tariffs.

Trump basks in Saudi welcome on business-focused state visit

Donald Trump enjoyed a lavish, royal welcome in Saudi Arabia on Tuesday on the first state visit of his second term, with the US president foremost focused on business deals at the start of a Gulf tour.

Customer data stolen in Marks & Spencer cyberattack

British retailer Marks & Spencer said on Tuesday that some personal data of its customers was stolen in a cyberattack that has crippled its online services for weeks.

German investors cheered by tariff talks, new government

German investor sentiment has jumped, buoyed by rollbacks of US tariffs, and the formation of a new national government, a closely-watched survey showed Tuesday.

Nissan posts $4.5 bn annual net loss, to cut 20,000 jobs

Japan's Nissan posted an annual net loss of $4.5 billion on Tuesday while saying it plans to cut 15 percent of its global workforce and warning about the possible impact of US tariffs.

Nissan posts $4.5 billion annual net loss, says to cut 20,000 jobs

Japan's Nissan posted a huge annual net loss of $4.5 billion on Tuesday while confirming reports that it plans to cut 15 percent of its global workforce and warning about the possible impact of US tariffs.

Trump in Saudi Arabia on Gulf tour, eyeing major deals

Donald Trump enjoyed a lavish welcome in Saudi Arabia on Tuesday as he opened the first state visit of his second term, with the US president eyeing major business deals even as progress on the Middle East's hotspots will likely be harder to reach.

Trump starts Gulf trip in Saudi eyeig deals

Donald Trump enjoyed a lavish welcome in Saudi Arabia on Tuesday as he opened the first state visit of his second term, with the US president eyeing major business deals even as progress on the Middle East's hotspots will likely be harder to reach.

Honda forecasts 70% net profit drop citing 'tariff impact'

Japan's Honda Motor on Tuesday forecast a 70 percent drop in net profit for the 2025-26 financial year as US trade tariffs weigh on the global auto industry.

Japan's SoftBank posts $7.8 bn annual net profit

Japanese tech investor SoftBank Group, a major player in the US Stargate artificial intelligence drive, on Tuesday posted a bumper full-year net profit of $7.8 billion.

Vietnam death row tycoon promises to turn properties into 'golden goose'

A Vietnamese property tycoon trying to avoid a death sentence for multi-billion-dollar fraud has promised to turn her property empire into a "golden goose" to help pay back the assets she embezzled, her lawyer said Tuesday.

Trump starts Gulf trip in Saudi eyeing deals

Donald Trump arrived in Saudi Arabia on Tuesday on the first leg of a Gulf tour that will also take him to Qatar and the United Arab Emirates, eyeing business deals even as accords on the Middle East's hotspots will likely be harder to reach.

US tariffs hit Central Europe, Balkans growth: Europe bank

Economic growth in Central Europe and the Balkans is expected to be strained this year by US President Donald Trump's tariff policies, Europe's development bank forecast Tuesday.

Inner workings of AI an enigma - even to its creators

Even the greatest human minds building generative artificial intelligence that is poised to change the world admit they do not comprehend how digital minds think.

Air Force One: iconic jet gets the Trump treatment

It is arguably the world's most iconic plane, an instantly recognizable symbol of the US presidency.

Progressive influencer tells of detention at US airport

A high-profile left-wing influencer and political commentator said Monday he was detained for hours by US border officials and interrogated about his political views.

Trump announces drug price cut with swipe at Europe

US President Donald Trump said Monday he would slash drug prices so they match those abroad, accusing Europe in particular of practices that force up prices for Americans.

US, China agree to slash tariffs as Trump says will speak to Xi

The United States and China announced Monday an agreement to drastically reduce tit-for-tat tariffs for 90 days, an outcome President Donald Trump dubbed a "total reset" as he said that talks with counterpart Xi Jinping could soon follow.

Sean 'Diddy' Combs was 'coercive and criminal,' jury hears

A prosecutor painted Sean "Diddy" Combs at his trial Monday as an "unfaithful, jealous, and at times, angry" offender who used violence and threats to control women he abused over many years.

Opening statements start in Sean 'Diddy' Combs trial

Opening statements started Monday in the federal sex trafficking trial of Sean "Diddy" Combs, the music mogul accused of committing years of chilling abuse.

US, China agree to slash tariffs as Trump says to speak with Xi soon

The United States and China announced Monday an agreement to drastically reduce tit-for-tat tariffs for 90 days, an outcome President Donald Trump dubbed a "total reset" as he said a call with counterpart Xi Jinping could soon follow.

White S.Africans resettled in US did not face 'persecution': govt

The white Afrikaners who have accepted resettlement in the United States did not face "any form of persecution" in South Africa, the foreign ministry said on Monday.

UK govt toughens immigration plans as hard-right gains

UK Prime Minister Keir Starmer vowed Monday to "finally take back control" of Britain's borders as his government unveiled policies designed to reduce legal immigration and fend off rising support for the hard right.

Under pressure, UK govt unveils flagship immigration plans

Prime Minister Keir Starmer vowed Monday to "finally take back control" of Britain's borders as his government unveiled policies designed to reduce immigration and fend off rising support for the hard right.

Markets rally after China and US slash tariffs for 90 days

Stocks rallied Monday after Chinese and US officials held "substantial" trade talks and slashed their tit-for-tat tariffs for 90 days, fuelling hopes the two sides will pull back from a standoff that has rattled global markets.

Salt of the earth: Pilot project helping reclaim Sri Lankan farms

A commando in an elite Sri Lankan police unit, Sameera Dilshan has an unusual mission -- to reclaim farms poisoned by salt, a long-standing problem now accelerating due to climate change.

US, China to publish details of 'substantial' trade talks in Geneva

The US and China will Monday give details of "substantial progress" touted by Washington on trade talks aimed at ending a devastating tariff war launched by US President Donald Trump that has wiped billions off equities and brought chaos to international commerce.

The China Mail - Economy (English)

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