The China Mail - Economy

Featured

'Hidden treasure': Rare Gandhi portrait up for UK sale

A rare oil painting of Indian independence leader Mahatma Gandhi, which is believed to have been damaged by a Hindu nationalist activist, is to be auctioned in London in July.

Israel, Iran trade threats as conflict escalates

Israel on Saturday threatened to strike "every target of the ayatollah regime" in Iran, whose president warned of a severe response if the Israeli attacks continue, fuelling fears of an escalating conflict.

Last news

London-bound plane crashes in India with 242 on board

A London-bound passenger plane crashed Thursday in India's western city of Ahmedabad with 242 on board, aviation officials said in what the airline called a "tragic accident".

UK economy shrinks in April as US tariffs kick in

Britain's economy shrank more than expected in April following a tax hike on UK businesses and a record drop in exports to the United States due to President Donald Trump's tariffs, official data showed Thursday.

EU crypto regulation hampered by national flaws

The first EU-wide cryptocurrency regulation was meant to impose some harmony, but disparities in implementation by member countries has allowed companies to exploit a flaw in the system.

Trump unveils website for $5 million US residency visa

President Donald Trump touted a new website for his planned $5 million US residency permit on Wednesday, saying the waiting list for the golden visa has opened on TrumpCard.gov.

Asian shares stumble after Trump's latest trade threat

Asian shares were rattled Thursday after Donald Trump said he would impose unilateral tariffs on partners in the next two weeks, reigniting trade war fears soon after reaching a deal with China to dial down tensions between the superpowers.

Premier League 'under strain' despite record £6.3 bn revenues

The combined revenue of Premier League clubs rose to a record £6.3 billion ($8.5 billion, 7.5 billion euros) in the 2023/24 season, but fan unrest and worsening competitive balance are cause for concern, according to financial experts Deloitte.

Italy forges on with world's largest suspension bridge

Italy hopes to begin constructing the world's largest suspension bridge connecting Sicily to the Italian mainland this summer amid widespread scepticism that it will ever be built.

US stocks rally fades after China trade framework, oil prices jump

Wall Street stocks mostly fell Wednesday despite positive movement in the US-China trade conflict, while oil prices rallied on growing tensions between Washington and Tehran.

Fizzled out: French winemaker risks prison over champagne fraud

Prosecutors in eastern France on Wednesday requested a winemaker accused of producing and selling fake champagne in an elaborate scam be sentenced to four years in prison, with three years of the term suspended.

Wall Street climbs on easing US-China tensions, cool US inflation

Wall Street stocks mostly rose Wednesday as investors welcomed cooler US inflation data and a China-US agreement aimed at lowering trade tensions.

UK govt injects health service with 'record' spending boost

Britain's Labour government on Wednesday laid out its priorities for the coming years, injecting the ailing National Health Service with a "record" £29-billion ($39-billion) annual boost and pumping funds into defence and housing, but scaling back spending on foreign policy.

Brewer Heineken unveils $2.75 bn investment in Mexico

Dutch brewing giant Heineken announced Wednesday a $2.75 billion investment in Mexico -- the latest vote of confidence in Latin America's second-largest economy despite US President Donald Trump's trade war.

Steel startup aims to keep Sweden's green industry dream alive

The spectacular fall of battery maker Northvolt led to fears over several Swedish green industry projects, but startup steelmaker Stegra believes it can confound the doubters.

Stocks rise on easing US-China trade tensions, cool US inflation

Stock markets edged higher Wednesday as investors welcomed cooler US inflation data and a China-US agreement aimed at lowering trade tensions.

Trump touts 'done' deal with Beijing on rare earths, Chinese students

US President Donald Trump touted ties with China as "excellent" on Wednesday, saying the superpowers reached a deal after two days of talks aimed at preserving a truce in their damaging trade war.

UK hands health service major spending boost

Britain's Labour government on Wednesday said it was injecting the struggling National Health Service with a "record" £29-billion ($39-billion) annual boost, as it looks to cut spending on its asylum programme.

Police make arrests in downtown LA during nighttime curfew

Downtown Los Angeles was largely calm overnight into Wednesday, with police arresting at least 25 people for violating a curfew after a fifth day of protests against President Donald Trump's immigration crackdown.

Stocks rise after China-US framework on trade

Stock markets rose Wednesday as investors welcomed a China-US agreement to lower trade tensions that stoked hopes the economic superpowers will eventually reach a broader tariff deal.

Russians struggle with 'crazy' prices

Russian pensioner Roman Paltievich stared at the prices for apricots, tomatoes and watermelons stacked high on stalls at a Moscow market -- foods that he now struggles to fit into his budget.

China says ready to 'strengthen' cooperation with US after trade talks

China's vice premier and top trade negotiator said Beijing was ready to "strengthen cooperation" with Washington, Chinese state media said Wednesday, following trade talks in London it said had made substantial progress.

Labubu toy sculpture sold for $150,000 at China auction

A Beijing auction house has sold a four-foot-tall sculpture of a viral plush toy character for more than $150,000, as global demand for the Chinese-designed Labubu dolls reaches fever pitch.

ECB's Lagarde slams 'coercive trade policies' in Beijing visit

European Central Bank chief Christine Lagarde warned Wednesday that "coercive trade policies" risked harming supply chains and the global economy, and called for a de-escalation of a tariff standoff that has wiped billions off markets.

Man-in-demand Woodkid composes for Death Stranding sequel

French singer and director Woodkid has composed the music for the hotly awaited "Death Stranding 2" video game, with the 42-year-old telling AFP that the songs unfold "almost like origami."

Rare earths: China's trump card in trade war with US

China is counting on one crucial advantage as it seeks to grind out a deal to ease its high-stakes trade war with the United States -- dominance in rare earths.

Trump orders names restored to military bases honoring Confederates

President Donald Trump said Tuesday he has ordered the restoration of the names of several US military bases that honored officers who fought for the Confederacy in the American Civil War.

'Applied AI' set to dominate France's Vivatech trade fair

Drawing high-powered tech CEOs and a presidential visit, Paris's Vivatech trade fair opening on Wednesday will spotlight hoped-for economic benefits from AI.

Fifth day of protests in LA as Trump vows to 'liberate' city

Donald Trump vowed Tuesday to "liberate" Los Angeles from what he claimed was an invasion by a "foreign enemy" as California's leaders went to court seeking to prevent the president sending thousands of troops onto the streets.

Treasury chief returns to US as China trade talks ongoing

US Treasury Secretary Scott Bessent on Tuesday described closely watched trade talks with Chinese officials as productive, as scheduling conflicts prompted his departure from London with negotiations ongoing.

Stocks muted as investors track US-China trade talks

Global stock markets diverged on Tuesday as investors waited for the outcome of US-China talks aimed at cementing a fragile trade war truce between the world's two biggest economies.

Hopes rise on second day of US-China trade talks

The United States and China huddled for a second day of talks in London on Tuesday, with Washington sending positive signals that the two superpowers might resolve a bitter trade war dragging on the global economy.

Stocks mixed as investors track US-China trade talks