The China Mail - Economy

Trump's tariffs bite at quiet US ports

At the Port of Los Angeles, the frenetic choreography of cranes unloading containers from Asia has slowed to a tiptoe, and the noise of the busiest docks in the US is quieting.

Apple eases App Store rules under court pressure

Apple on Friday relaxed its App Store payment rules in the face of a scathing court order, with Spotify quick to reap the benefit.

Germany move against far-right AfD sets off US quarrel

Germany's domestic intelligence service on Friday designated the far-right AfD party as an extremist group, setting off a diplomatic spat with the United States.

Germany's AfD dealt blow with right-wing extremist label

Germany's domestic intelligence service on Friday designated the far-right AfD party as an extremist group, handing authorities greater powers to monitor it and fuelling calls for it to be banned.

Lower profits at US oil giants amid fall in crude prices

US oil giants ExxonMobil and Chevron reported lower profits Friday, reflecting the hit from falling crude prices amid global economic uncertainty surrounding President Donald Trump's tariffs.

Carney vows to transform Canada economy to withstand Trump

Prime Minister Mark Carney promised Friday to oversee the biggest transformation of Canada's economy since the end of the Second World War to enable it to "stand up" to Donald Trump.

GM cuts shift at Canada plant over 'evolving trade environment'

General Motors said Friday it would reduce the number of shifts at a truck assembly plant in Canada, as US President Donald Trump's trade war upends the North American auto sector.

US asks judge to break up Google's ad tech business

Google on Friday faced a demand by the US government to break up its hugely profitable ad technology business after a judge found the tech giant was commanding an illegal monopoly.

Renewables sceptic Peter Dutton aims for Australian PM's job

Former policeman Peter Dutton, the rival for the Australian prime minister's job in Saturday's election, is a self-professed sceptic of the rush to replace fossil fuels with renewable energy.

Grand Theft Auto VI release postponed to May 2026

The creative team behind the popular Grand Theft Auto videogame series postponed the launch of the latest installment by several months to May 2026, hitting shares of parent Take-Two Interactive.

US hiring better than expected despite Trump uncertainty

US hiring slowed less than expected in April while the jobless rate remained unchanged, according to government data published Friday, as businesses navigated the early months of Donald Trump's second presidency.

Stocks gain on US jobs data, tariff talks hopes

Global stock markets rose on Friday as jobs data reassured investors on the US economy as did indications Beijing and Washington may begin to talk about resolving their tariff standoff.

US hiring slows less than expected, unemployment unchanged

US hiring slowed less than expected in April while the jobless rate remained unchanged, according to government data published Friday, as businesses navigated the early months of Donald Trump's second presidency.

Grand Theft Auto VI release postponed to May 2026: publisher

The much-awaited release of Grand Theft Auto VI, the latest instalment of the popular video game series, has been postponed by several months to May 2026, its publisher said Friday.

S.African mother found guilty of selling young daughter

A South African court found a woman guilty Friday of trafficking her six-year-old daughter who has been missing for more than a year, in a case that has outraged the nation.

Pakistani Kashmir orders stockpiling of food as India tensions flare

Pakistan-administered Kashmir called on residents near the de facto border with India to stockpile food on Friday as tensions flare between the arch-rivals following a deadly attack last month.

Stock markets gain as China mulls US tariff talks

European and Asian markets rose on Friday, tracking Wall Street gains, as China said it was considering a US offer to negotiate steep tariffs.

UK comedian Russell Brand appears in court on rape charges

British comedian and actor Russell Brand appeared in a London court on Friday to face five charges of rape and other sexual offences.

'No dumping ground': Tunisia activist wins award over waste scandal

Tunisian environmentalist Semia Labidi Gharbi, awarded a global prize for her role exposing a major waste scandal, has a message for wealthy nations: developing countries are "no dumping ground".

Hong Kong posts 3.1% growth, warns of trade war 'risk'

Hong Kong's economy grew by 3.1 percent in the first quarter of the year, the city's government said Friday, though it warned US tariffs had heightened "downside risks" in the global economy.

German chemical giant BASF keeps outlook, warns on tariffs

German chemicals giant BASF stuck to its 2025 earnings outlook on Friday, despite the turmoil unleashed by hardline US trade policies, but warned of high levels of uncertainty.

Shell net profit sinks 35% in first-quarter as oil prices fall

British energy giant Shell on Friday reported a sharp drop in first-quarter net profit as it was hit by weaker oil prices but pushed ahead with shareholder returns.

Hard right wins local UK election in blow to PM Starmer

Hard-right upstarts Reform UK snatched a parliamentary seat from Prime Minister Keir Starmer's Labour party on Friday in local elections that dealt a blow to Britain's two establishment parties.

Asian stocks gain after China teases US tariff talks

Asian markets largely rose Friday, tracking Wall Street gains, as China said it was considering a US offer to negotiate steep tariffs.

Backyard barnyard: rising egg prices prompt hen hires in US

Stung by the rocketing price of eggs -- and US supermarkets rationing a basic breakfast staple -- Yong-mi Kim decided to get some chickens to secure her own supply in southern California.

Tokyo's tariff envoy says US talks 'constructive'

Tokyo's envoy for US tariff talks in Washington said Thursday that the second round of negotiations between the two countries had been "frank and constructive."

Apple expects $900 mn tariff hit as shifts US iPhone supply to India

Apple on Thursday reported first-quarter profit above expectations but warned that US tariffs could cost the company and was disrupting its supply chain.

US to end shipping loophole for Chinese goods Friday

The United States is set to end tariff exemptions on Friday for goods shipped from China worth less than $800, a move which could have significant ramifications on consumers' purchasing habits.

Serbian students, unions join forces to pressure government

Thousands took part in May Day rallies in Serbia on Thursday where unions united for the first time behind student groups to increase pressure on the government over a train station disaster that has sparked six months of mass demonstrations.

Masked protesters attack Socialists at France May Day rally

All-black-clad protesters harassed marching lawmakers and supporters of France's moderate left Socialist Party (PS) on Thursday, marring Paris's Labour Day procession as hundreds of thousands rallied across the country.

Rio goes Gaga for US singer ahead of free concert

Behind his large studded sunglasses, Victor Faro's eyes were glued on the luxury hotel overlooking Copacabana beach where US superstar Lady Gaga is staying ahead of her free mega-concert in Rio de Janeiro on Saturday.

IKEA opens new London city centre store

Swedish furniture giant IKEA on Thursday opened a new store in the heart of London's shopping district, with a flurry of balloons, flags -- and giant meatballs.

The China Mail - Economy (English)

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