The China Mail - Economy

American Airlines pulls 2025 forecast on economic uncertainty

American Airlines withdrew its full-year profit forecast Thursday, citing economic uncertainty that has clouded its outlook for hiring and capacity additions.

Stocks rally rolls on in US, fizzles elsewhere

Wall Street stocks pushed higher for a third day on Thursday but the rally fizzled elsewhere as China poured cold water on US President Donald Trump's comments talking up prospects of a deal to end their trade war.

France failed to protect rights of teen rape victims: Europe court

The European rights court condemned France on Thursday for failing to protect the rights of three teenagers who reported rape, including one who accused 14 firemen of abuse.

US existing home sales see biggest drop since 2022

Sales of existing US homes pulled back more than expected in March, logging their biggest drop since late-2022 according to industry data released Thursday, as high mortgage rates weighed on affordability for homebuyers.

French independent studio's first video game draws fans

Independent French studio Sandfall Interactive's first video game "Clair Obscur: Expedition 33" launched worldwide on Thursday but has already built up a solid community of fans eager to discover its post-apocalyptic fantasy world.

US Treasury chief raised 'important issues' in IMF criticism: Georgieva

US Treasury Secretary Scott Bessent's criticism of the International Monetary Fund raised "a number of important issues" to grapple with, the head of the Washington-based institution said Thursday.

US existing home sales retreat more than expected in March

Sales of existing US homes pulled back more than expected in March, according to industry data released Thursday, as mortgage rates remained high and weighed on affordability for homebuyers.

Stocks rally fades along with hopes of quick US-China trade deal

A rally on global stock markets fizzled Thursday as China poured cold water on US President Donald Trump's comments talking up the prospects of a deal to end their trade war.

P&G cuts outlook as consumers pull back amid tariffs

Procter & Gamble cut its sales and profit forecast Thursday, citing a pullback in consumer behavior as uncertainty over tariffs and the economy cloud the picture.

Favourite KAJ hopes for fun and steamy Eurovision

Comedy act KAJ, which has soared out of obscurity to become the favourite in the 2025 Eurovision Song Contest, says it hopes its steamy-but-not-in-a-sexy-way sauna song will make people laugh.

Nissan forecasts huge annual net loss of up to $5.3 bn

Struggling Japanese auto giant Nissan issued a stark profit warning on Thursday, forecasting a huge loss of up to $5.3 billion in the 2024-25 financial year.

Stock markets mostly fall as hopes of US-China trade deal dampen

Stock markets were mostly lower on Thursday as China poured cold water on US President Donald Trump's comments talking up the prospects of a deal to end their trade war.

Asian markets mixed as China dispels Trump talk of tariff negotiations

Asian markets were mixed on Thursday as China poured cold water on US President Donald Trump's comments talking up the prospects of a deal to end their trade war.

Countries could use forests to 'mask' needed emission cuts: report

Major economies are overstating how much carbon their forests can absorb in a climate accounting fudge that could allow them to use even more fossil fuels, new research said Thursday.

Teenage suspect in attack on rabbi sentenced to 16 months in prison

A teenager who attacked a rabbi in a central French city was sentenced to 16 months in prison by the juvenile court on Wednesday, after a long day of hearings in which he denied responsibility.

At Texas Trump-themed burger joint, diners eating it up

It is lunchtime at a Texas eatery called Trump Burger and diners are enjoying fast food and the frenetic first 100 days of their president's second term.

Americans wary of Trump's economic about-faces

President Donald Trump's various U-turns are leaving Americans disillusioned -- especially after he was elected on vows of guaranteeing economic prosperity.

Tesla's EU sales plunge as Musk takes flak

Tesla electric car sales in Europe plunged in the first three months of the year, industry data showed Thursday, in a fresh blow to its boss Elon Musk who has been criticised for his work in US President Donald Trump's administration.

Asian markets mixed as Trump soothes Fed fears

Asian markets were mixed on Thursday after President Donald Trump said he had "no intention" of firing the US central bank head and made conciliatory comments on his trade war with China.

Asian markets mostly up as Trump soothes Fed fears

Asian markets were mixed on Thursday after President Donald Trump said he had "no intention" of firing the US central bank head and made conciliatory comments on his trade war with China.

S. Korea's economy shrinks in first quarter as trade war hits exports

South Korea's economy unexpectedly contracted 0.1 percent in the first three months of this year, the country's central bank said Thursday, as the Asian export giant reels from months of political chaos and heightened trade tensions.

Chinese business in Vietnam struggles with Trump tariffs uncertainty

A year ago Zhang Chundong helped the firm he manages expand into Vietnam, part of a wave of Chinese businesses to choose the booming manufacturing hub since the trade war of US President Donald Trump's first term.

Bessent says 'no currency targets' in Japan tariff talks

US Treasury Secretary Scott Bessent said Wednesday that Washington has "no currency targets" in its talks with Japan on tariffs, after repeated calls from President Donald Trump for a stronger yen.

SK hynix posts record profits thanks to strong AI demand

South Korean chip giant SK hynix reported record quarterly profits Thursday thanks to soaring global demand for artificial intelligence, highlighting the firm's ability to weather mounting tariff threats.

YouTube says more than 20 billion videos uploaded in 20 years

YouTube on Wednesday celebrated more than 20 billion videos being uploaded to the platform since the first clip debuted two decades ago.

Mogul Weinstein made sex attack victims 'feel small,' jury told

Prosecutors opening Hollywood mogul Harvey Weinstein's rape and sexual assault retrial described Wednesday how he ignored his victims' pleas to stop and abused his position to make them "feel small."

I.Coast opposition calls marches against leader's eviction from electoral race

Ivory Coast's main opposition party has called for "marches" outside courts on Thursday, six months ahead of a presidential election, in protest against the removal of its candidate from the race.

Prosecutors at Harvey Weinstein rape retrial say he made women 'small'

Prosecutors in Hollywood mogul Harvey Weinstein's rape and sexual assault retrial decribed how he ignored pleas to stop and abused his position to make his victims "feel small," as an majority-female New York jury heard opening statements on Wednesday.

200 French media groups sue Meta over 'unlawful' advertising: lawyers

Around 200 French media groups, including leading television channels and newspapers, are taking legal action against Meta, the owner of Facebook and Instagram, over its online advertising practices, their lawyers announced on Wednesday.

Boeing says China not accepting planes over US tariffs

Boeing's CEO confirmed Wednesday that China had stopped accepting new aircraft due to the US-China trade war, as the company's shares surged following a smaller than expected loss.

IMF warns of 'intensified' risks to public finances amid US trade war

Donald Trump's tariff plans have increased the risks to public finances, the International Monetary Fund said Wednesday, warning countries to get their spending plans under control and prepare for "sharper" trade-offs.

IMF warns of 'intensified' risks to outlook for public finances