The China Mail - Economy

Second death in Minneapolis crackdown heaps pressure on Trump

The Trump administration faced intensifying pressure Sunday over its mass immigration crackdown in Minneapolis, after federal agents shot dead a second US citizen and graphic cell phone footage again contradicted officials' immediate description of the incident.

What is Russia's 'shadow fleet' and how does it work?

France's interception of an oil tanker suspected of being part of Russia's "shadow fleet" draws attention to how the vessels allegedly operate in order to escape Western sanctions.

India's Bollywood bets big on 'event cinema'

India's Bollywood is moving decisively towards a cinema of scale and confrontation -- where patriotism, spectacle, and ideological clarity increasingly trump nuance and narrative risk, industry insiders say.

US Fed set to keep rates steady as officials defend independence

The US Federal Reserve is widely expected to keep interest rates unchanged when it meets in the coming week, holding firm despite President Donald Trump's pressure to slash levels as it guards against threats to its independence.

Federal agents shoot dead another person in Minneapolis

Federal immigration agents shot dead a man in Minneapolis on Saturday, officials said -- the second fatal shooting of a civilian in the city, sparking fresh protests and outrage from state officials.

Minnesota governor slams 'another horrific shooting' by federal agents

Minnesota Governor Tim Walz said Saturday that federal agents deployed in Minneapolis as part of a sweeping immigration crackdown had carried out "another horrific shooting," less than three weeks after the fatal shooting of Renee Good.

Trump threatens Canada with 100% tariff if it completes China trade deal

US President Donald Trump on Saturday warned Canada that if it concludes a trade deal with China, he will impose a 100 percent tariff on all goods coming over the border.

Wall Street intends to stay open around the clock

The closing and opening bells of the New York Stock Exchange (NYSE) may become a ringing ritual of yesteryear, as the market moves toward nonstop trading.

Europe and India seek closer ties with 'mother of all deals'

India and Europe hope to strike the "mother of all deals" when EU chiefs meet Prime Minister Narendra Modi in New Delhi next week, as the two economic behemoths seek to forge closer ties.

Gold nears $5,000, silver shines as stocks churn to end turbulent week

Global stocks were subdued and precious metals hit new highs Friday as US President Donald Trump followed up conciliatory comments on Greenland with a fresh warning on Iran.

France probes deaths of two babies after powdered milk recall

France's health minister on Friday sought to reassure consumers that all suspicious infant formula had been withdrawn, as an investigation began into the deaths of two babies who drank possibly contaminated powdered milk.

Gold nears $5,000, silver shines as stocks slip on turbulent week

Global stocks were subdued and precious metals hit fresh highs Friday after a turbulent week that saw US President Donald Trump back down from threats to seize Greenland and hit European allies with fresh tariffs.

Gold nears $5,000, global stocks muted ending turbulent week

Global stocks were subdued and precious metals hit fresh highs Friday after a turbulent week that saw US President Donald Trump back down from threats to seize Greenland and hit European allies with fresh tariffs.

France trolls US, Russia misinformation on X

When top US diplomat Marco Rubio criticised European culture on X this week, a team at the French foreign ministry was swift to hit back online.

German auto supplier ZF axes electric projects as demand stalls

Major German automotive supplier ZF Friedrichshafen said Friday it had scrapped some of its electric vehicle projects due to lacklustre demand, leading it to expect an annual loss.

ECB chief thanks Davos 'euro-bashers' as welcome wake-up call

After a week of hearing various US officials denigrate Europe, its leaders and its regulations at Davos, ECB chief Christine Lagarde said Friday that the harsh words could be just what the continent needed.

Trump says US 'armada' headed toward Gulf

President Donald Trump said a US "armada" was heading toward the Gulf and that Washington was watching Iran closely, even after downplaying the prospect of imminent military action and saying Tehran appeared interested in talks.

Pakistan battles legions of fake doctors

Rusted nails hold used infusion tubes on the wall of a clinic run by one among hundreds of thousands of unqualified doctors operating across Pakistan.

Masar Destination Achieves LEED for Communities Gold Certification

Affirming its Commitment to Sustainability

NYC sues to block Dr. Phil-fronted police TV show

New York City has sued to block a TV show about the police department fronted by celebrity psychologist Dr. Phil that local officials say is "extremely problematic."

Ecuador, Colombia ramp up trade war with tit-for-tat energy levies

Colombia and Ecuador punished each other with dueling levies Thursday on fuel and other imports, escalating a trade and diplomatic feud over narco activity on their shared border.

Trump sues JPMorgan Chase, CEO Dimon, claims 'debanked' for politics

US President Donald Trump sued JPMorgan Chase and CEO Jamie Dimon on Thursday, alleging he was wrongly "debanked" for political reasons, according to a civil complaint.

Musk's Grok created three million sexualized images, research says

Elon Musk's AI chatbot Grok generated an estimated three million sexualized images of women and children in a matter of days, researchers said Thursday, revealing the scale of the explicit content that sparked a global outcry.

Venezuela looks to petrodollars to bring down prices

The United States' grab for Venezuela's oil, while shocking, may yet provide a short-term boost for the South American nation's haggard economy.

Musk makes Davos debut with promise of robots for all

Elon Musk sees his humanoid robots hitting the market next year, one of several "optimistic" forecasts by the US tech mogul at his first-ever Davos appearance on Thursday.

NYC sues to block Dr. Phil-fronted police documentary

New York City has sued to block a documentary about the police department fronted by celebrity psychologist Dr. Phil that local officials say is "extremely problematic."

WTO chief slams rise of trade protectionism

World Trade Organization chief Ngozi Okonjo-Iweala slammed the global rise of protectionism on Thursday in Davos, while stressing that most international trade continues according to WTO rules.

'Oasis of stability': Madrid becomes luxury housing haven

Madrid has emerged as a coveted global luxury housing destination as Latin American and US investors fuel a real estate boom, seduced by competitive prices and high living standards.

Games giant Ubisoft suffers share price collapse

Trading in French video game giant Ubisoft was briefly suspended Thursday following a dramatic fall in its share price, a day after the firm announced it expected to make huge losses this year.

Japan suspends restart of world's biggest nuclear plant

The restart of the world's largest nuclear power plant was suspended in Japan Thursday just hours after the process began, its operator said, but the reactor remains "stable".

South Korea's economy grew just 1% in 2025, lowest in five years

South Korea logged its slowest growth in half a decade in 2025, the country's central bank said Thursday, while exports rose on the back of a boom in artificial intelligence.

Higher heating costs add to US affordability crunch

Madeline Marchiano realizes that this winter’s runaway heating prices mean she can’t afford to raise her thermostat enough to warm her entire South Philadelphia rowhouse.

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