The China Mail - Economy

Biden hammers Trump on abortion in Florida

US President Joe Biden hammered Donald Trump on Tuesday over his role in restricting abortion rights, telling a crowd in Florida that voters will hold his Republican predecessor and opponent personally "accountable" in November.

US markets rise for second straight day as sentiment improves

US stocks rose for a second straight session in New York Tuesday, building on the prior day's momentum following a round of mostly good corporate earnings, while European markets also rose.

Starbucks set for talks with unionized US stores

Starbucks is set to hold talks with labor representatives from stores that have voted to unionize in a key step towards reaching contracts, both sides said Tuesday.

French police union threatens to disrupt Olympics relay

A French police trade union threatened Tuesday to disrupt the Olympics torch relay ahead of the start of the Paris Games this July unless officers were given bonuses.

French air traffic controller strike threatens flight chaos

French air traffic controllers are to stage a one-day strike Thursday that risks seeing most flights cancelled at the two main Paris airports, France's leading aviation association warned Tuesday.

Milei announces Argentina's first budget surplus in 16 years

Argentina's spending-slashing new President Javier Milei has hailed his country's first quarterly budget surplus since 2008 as an "historic achievement."

UK Rwanda law sparks fear among migrants hoping to cross Channel

Britain's new law allowing the deportation of undocumented asylum seekers to Rwanda is sparking fear among migrants who have come to France in the hope of crossing the Channel to England.

General Motors lifts 2024 profit forecast after strong Q1

General Motors reported higher profits Tuesday thanks to continued strength in North America that offset a loss in its China business, enabling the carmaker to lift its forecast.

New US home sales pick up in March

Sales of new homes across the United States increased sharply last month, according to fresh government data published Tuesday, though February's numbers were revised lower.

Spotify shares soar as company swings to profit

Shares in music and podcast streaming giant Spotify soared after it reported Tuesday an increase in the number of paying subscribers and a rare but lower-than-expected operating profit for the first quarter.

European rights court to examine Semenya's appeal on May 15

The European Court of Human Rights (ECHR) confirmed Tuesday that it will examine the appeal of double Olympic champion Caster Semenya against regulations requiring female athletes with high testosterone levels to take medication on May 15.

London stock market strikes record as sentiment lifts globally

London's FTSE 100 stocks index hit record highs Tuesday, catching up with major global peers that have struck all-time peaks this year as inflation cools.

Spotify swings to profit, paying subscribers rise

Music and podcast streaming giant Spotify reported Tuesday an increase in the number of paying subscribers and a rare but lower-than-expected operating profit for the first quarter.

Eurozone business activity accelerates in April

Business activity in the eurozone picked up in April thanks to "increasingly robust" growth in the services sector, a closely watched survey showed Tuesday.

London stock market hits record high

London's FTSE 100 stocks index hit record highs Tuesday, catching up with major global peers which have struck all-time peaks this year as inflation cools.

Stocks rise ahead of US data and earnings, London hits fresh record

Asian markets mostly rose Tuesday and London hit a fresh record, with hopes for earnings this week from tech titans helping to offset worries about the Federal Reserve's interest rate plans ahead of the release of key US growth and inflation data.

Markets up ahead of US data and earnings, London hits fresh record

Asian markets mostly rose Tuesday and London hit a fresh record, with hopes for earnings this week from tech titans helping to offset worries about the Federal Reserve's interest rate plans ahead of the release of key US growth and inflation data.

Musk lashes Australian order demanding X remove stabbing videos

Tech bad boy Elon Musk on Tuesday vowed to challenge demands that his social media platform X take down videos of a recent Sydney church stabbing.

Most Asian markets rise with earnings, US data in view

Asian markets mostly rose Tuesday, with hopes for earnings this week from tech titans helping to offset worries about the Federal Reserve's interest rate plans ahead of the release of key US growth and inflation data.

In Brazil, hopes to use AI to save wildlife from roadkill fate

In Brazil, where about 16 wild animals become roadkill every second, a computer scientist has come up with a futuristic solution to this everyday problem: using AI to alert drivers to their presence.

Chile steel plant reopens as tariffs imposed on Chinese imports

Chile's biggest steel plant has resumed activities after the government imposed a temporary tariff on Chinese imports.

Turkey's Erdogan in Iraq to talk security, water and oil

Turkish President Recep Tayyip Erdogan was in neighbouring Iraq on Monday for his first state visit there in years, with water, oil and regional security issues topping their agenda.

Opening statements due at Trump's trial

The criminal trial of Donald Trump moves to opening statements Monday, kickstarting weeks of salacious evidence centered on a porn star and alleged fraud that will run in parallel with his attempt to retake the White House.

New EU spending rules bring back debt discipline focus

With an energy crisis and record high inflation in the EU's rearview mirror, Brussels believes the time has come for the bloc to focus on ensuring sound public finances.

Denmark launches its biggest offshore wind farm tender

The Danish Energy Agency on Monday launched its biggest tender for the construction of offshore wind farms, aimed at producing six gigawatts by 2030 -- more than double Denmark's current capacity.

Malaysia to build massive chip design park: PM

Malaysia's leader on Monday announced plans to build a massive semiconductor design park, aiming to boost the Southeast Asian nation's role in the global chip industry.

Markets bounce as MidEast fears ease, US inflation in view

Asian markets rose Monday, clawing back some of last week's losses, as Middle East worries subsided while traders look ahead to the release of key US inflation data and corporate earnings.

In Basque vote, a major breakthrough for left-wing separatist Bildu

The leftwing separatist coalition EH Bildu, widely viewed as the political heir of the defunct armed group ETA, made a major breakthrough in Sunday's Basque regional elections although falling short of the win predicted by pollsters.

'Civil War' stays on top at N.American box office

"Civil War," the disturbing story of a divided and dystopian America sometime in the near future, narrowly held on to the top spot in North American theaters this weekend, earning an estimated $11.1 million, industry watcher Exhibitor Relations reported Sunday.

Israel pounds Gaza as West Bank violence surges

Israel carried out deadly strikes in Gaza, first responders in the war-battered Palestinian territory said on Sunday, as violence flared in the occupied West Bank.

InstaDeep CEO takes AI from Tunis to London

Karim Beguir launched the artificial intelligence start-up InstaDeep in Tunisia in 2014 with just two computers and $2,000.

Splashy Saudi mega-project NEOM chases Chinese funds

Bigwigs behind a Saudi megacity dogged by questions about its viability have wrapped up a tour courting Chinese investors, detailing plans for a futuristic ski resort and 170-kilometre-long skyscrapers.

The China Mail - Economy (English)

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