The China Mail - Economy

Featured

US Fed set to hold rates steady in the face of Trump pressure

The US central bank is expected to keep interest rates unchanged for a fourth straight policy meeting this week, despite President Donald Trump's push for rate cuts, as officials contend with uncertainty sparked by the Republican's tariffs.

'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.

Last news

'Moving forward': the Gen-Z farmer growing Fukushima kiwis

A short drive from the Fukushima nuclear disaster site, novice farmer Takuya Haraguchi tends to his kiwi saplings under the spring sunshine, bringing life back to a former no-go zone.

Silicon Valley VCs navigate uncertain AI future

For Silicon Valley venture capitalists, the world has split into two camps: those with deep enough pockets to invest in artificial intelligence behemoths, and everyone else waiting to see where the AI revolution leads.

Ecuador apologizes to farm workers deemed to live like slaves

Ecuador's government apologized Saturday to some 300 people who worked as farmers for a Japanese textile firm in conditions which a court likened to modern-day slavery.

OPEC+ announces sharp increase in July oil production

Saudi Arabia, Russia and six other key OPEC+ members announced on Saturday a huge increase in crude production for July.

Chinese automakers get stern 'price war' warning after discount spree

A top industry group had a stern rebuke Saturday for automakers fuelling a "price war", a week after Chinese EV giant BYD announced sweeping trade-in discounts, with multiple competitors following suit.

EU member Bulgaria faces protests over adopting the euro

Bulgaria is expected to get a green light from Brussels in June to adopt the euro -- but the prospect is unsettling many citizens.

Moroccan women embroider 'art with purpose'

In a small village on the coast of southern Morocco, women gather in a house to create collaborative works of textile art, and also earn a living.

Trump says will double steel, aluminum tariffs to 50%

US President Donald Trump said Friday that he would double steel and aluminum import tariffs to 50 percent from next week, the latest salvo in his trade wars aimed at protecting domestic industries.

US top court lets Trump revoke legal status for 500,000 migrants

The US Supreme Court handed President Donald Trump a major victory Friday in his immigration crackdown, giving his administration the green light to revoke the legal status of half a million migrants from four Caribbean and Latin American countries.

Trump accuses China of violating tariff de-escalation deal

US President Donald Trump signaled renewed trade tensions with China on Friday, arguing that Beijing had "totally violated" a deal to de-escalate tariffs, at a time when the two sides appeared deadlocked in negotiations.

World Boxing introducing gender tests for all boxers, targets Khelif

World Boxing announced on Friday it will introduce mandatory gender testing to determine the eligibility of male and female athletes wanting to take part in its competitions.

'My greatest dream' - Taylor Swift buys back rights to old music

Pop sensation Taylor Swift, who was locked in a feud with record executives since 2019 over ownership of her music, has bought back the rights to her entire back catalog, she said Friday.

Navalny widow, media watchdog to launch TV channel

The widow of Russian opposition leader Alexei Navalny and Reporters Without Borders will launch a television channel to "promote free speech in Russia", the press freedom advocacy group said on Friday.

Taylor Swift buys back rights to her old music

Pop sensation Taylor Swift, locked in a feud with record executives since 2019 over ownership of her music, has bought back the rights to her entire back catalog, she said Friday.

Canada growth up but Trump tariffs starting to hurt

Canada's latest growth figures, released Friday, were better than expected, but also highlighted weaknesses in the economy as the effects of a trade war launched by US President Donald Trump began to take hold.

Abortion pill inventor Etienne-Emile Baulieu dies aged 98

French scientist Etienne-Emile Baulieu, known as the inventor of the abortion pill, died at the age of 98 at his home in Paris on Friday, his wife told AFP.

Stocks waver as Trump raises trade risk with China

Stocks wavered on Friday, but the dollar mostly gained, after President Donald Trump put US-China trade tensions back on the boil by claiming Beijing "has totally violated" an agreement with Washington.

US April inflation cooled more than expected, despite tariffs

The US Federal Reserve's preferred inflation measure cooled more than expected last month, according to government data published Friday, as President Donald Trump's "liberation day" tariffs on most countries came into effect.

Trump signals fresh trade tensions with China

US President Donald Trump signaled renewed trade tensions with China on Friday, arguing that Beijing had "violated" a deal to de-escalate tariffs, at a time when both sides appeared deadlocked in negotiations.

Britain's hard-right Reform UK to accept crypto donations

Britain's hard-right Reform UK has become the first political party in the country to accept donations through bitcoin and other cryptocurrencies, raising fresh concerns over transparency.

Rockfall at Indonesian limestone quarry kills 13

At least thirteen people were killed and a dozen injured Friday in a rockfall at a limestone quarry on Indonesia's Java island, disaster official said.

New to South Africa, saffron holds promise

Livestock farmer Joe Kroon turned to saffron in desperation when drought threatened his livelihood and, as this season's harvest winds down, he is encouraged by the potential of a new entry into South Africa's farming catalogue.

Rockfall at Indonesian limestone quarry kills eight

At least eight people were killed and a dozen injured Friday in a rockfall at a limestone quarry on Indonesia's Java island, police said.

Most Asian markets reverse after Trump's tariffs get court reprieve

Most Asian shares fell Friday after a US appeal court gave Donald Trump's sweeping tariffs a temporary reprieve, fanning uncertainty a day after judges had ruled the controversial measures were unconstitutional.

Asian markets reverse after Trump's tariffs get court reprieve

Asian shares fell Friday after a US appeal court gave Donald Trump's sweeping tariffs a temporary reprieve, fanning uncertainty a day after judges had ruled the controversial measures were unconstitutional.

New metro cuts through Saudi social divisions

For decades, civil servant Zayed al-Ghamdi's social circles in Saudi Arabia were more than predictable, bound by routine and kinship in a country where societal divisions have rarely been challenged. Then came the metro.

Targeting foreign students, Trump hits a US lifeline

On the campaign trail last year, then-candidate Donald Trump proposed handing US residency cards automatically to international students when they earn diplomas, bemoaning that they were leaving to form successful companies in China and India.

A bad wrap: An angry Trump blasts the 'TACO Theory'

President Donald Trump made no pretense at hiding his irritation this week when he was asked by a reporter about "TACO" -- an acronym that has been gaining traction among Wall Street traders who believe that "Trump Always Chickens Out."

Brazil sues China's BYD over 'slavery' conditions on build site

Brazilian prosecutors are suing Chinese electric car giant BYD and two contracting companies for human trafficking and alleged slave labor conditions at a build site, according to legal documents seen by AFP Thursday.

Trump tariffs stay in place for now, after appellate ruling

US President Donald Trump on Thursday won a temporary reprieve for his aggressive tariff strategy, with an appeals court preserving his sweeping import duties on China and other trading partners -- for now.

White House slams court decision blocking Trump tariffs

The White House on Thursday blasted a federal court's decision to block many of President Donald Trump's sweeping tariffs -- a major setback to his trade strategy.

US judge sentences ex-Goldman Sachs banker to two years over 1MDB scandal

A US judge on Thursday sentenced a former Goldman Sachs banker central to the 1MDB scandal to two years in prison after prosecutors argued for leniency due to his cooperation.

The China Mail - Economy (English)