Gold prices soar to all-time high

Gold prices surged to a record high on Friday, as investors flocked to the safe-haven asset amid fears of a global trade war triggered by US President Donald Trump’s latest tariffs.
29 March 2025, 18:00 PM

US ‘in arrears’ at WTO

The United States has not paid its 2024 dues to the World Trade Organization and is therefore now deemed to be in “arrears”, the WTO’s spokesman said Friday.
29 March 2025, 18:00 PM

Trump tariffs could push up inflation

US President Donald Trump’s tariff plans could increase inflation by as much as 1.2 percentage points if they are fully implemented, a senior Federal Reserve official said Wednesday.
27 March 2025, 18:51 PM

Global outcry as Trump heaps 25% tariffs on foreign-built vehicles

World powers on Thursday blasted US President Donald Trump’s steep tariffs on imports of vehicles and car parts, vowing retaliation as a widening trade war intensifies.
27 March 2025, 18:50 PM

US imposes trade restrictions on dozens of entities with eye on China

The United States added dozens of entities to a trade blacklist Tuesday, its Commerce Department said, in part to disrupt Beijing’s artificial intelligence and advanced computing capabilities.
26 March 2025, 18:00 PM

Chinese EV giant BYD aims for Europe boost

Chinese carmaker BYD on Thursday vowed to conquer Europe with a new compact electric model and super-fast charging capability to rival continental brands.
22 March 2025, 18:00 PM

AI startup Perplexity confirms interest to buy TikTok

Artificial intelligence (AI) startup Perplexity on Friday expressed its interest in buying TikTok, which faces a deadline to divest from its Chinese owner or be banned in the United States.
22 March 2025, 18:00 PM

Trump’s call for AI deregulation gets strong backing from Big Tech

Major tech firms are pushing the administration of President Donald Trump to loosen rules on building artificial intelligence, arguing it is the only way to maintain a US edge and compete with China.
22 March 2025, 18:00 PM

Japan’s core inflation slows to 3% in February

Japanese inflation eased in February, government data showed Friday, with prices excluding fresh food rising 3.0 percent year-on-year in the world’s fourth-largest economy.
22 March 2025, 18:00 PM

Foxconn’s 2024 profit misses forecasts

Taiwanese tech giant Foxconn reported on Friday a lower-than-expected net profit for 2024 as consumer electronic gadgets underperformed, although demand for its artificial intelligence servers remained robust.
15 March 2025, 18:00 PM

Vietnam, US firms sign $4b in deals amid tariff worries

Vietnamese and US companies have signed more than $4 billion in deals, a petrochemical giant said Friday, as anxiety mounts in Hanoi over potential tariffs under US President Donald Trump’s administration.
15 March 2025, 18:00 PM

Whether US is heading for recession or just 'detox,' downturns are costly

Recessions come with costs. Business profits fall, as do stock prices, which can then amplify the impact as investors reduce their own consumption.
13 March 2025, 11:15 AM

Trump threatens further tariffs as EU, Canada retaliate for those already in place

Trump's hyper-focus on tariffs has rattled investor, consumer and business confidence and raised recession fears.
13 March 2025, 03:49 AM

EU to impose counter tariffs on $28 billion of US goods

The EU executive said, however, that it remained open to negotiations and considered higher tariffs in no one's interest.
12 March 2025, 07:49 AM

US tariffs of 25% on steel, aluminum imports take effect

The European Commission said Wednesday it would impose "a series of countermeasures" from April 1 in response to the "unjustified trade restrictions" from the United States.
12 March 2025, 07:32 AM

Trade war casts pall as China's leaders meet

All eyes will also be on possible stimulus to boost domestic demand, sorely needed to counter a potential drop in tariff-sensitive exports.
4 March 2025, 03:31 AM

India's Adani Group revives US investment plans, FT reports

After Trump's November election win, Gautam Adani said the group planned to invest $10 billion in US energy security and infrastructure projects, creating a potential 15,000 jobs.
2 March 2025, 05:54 AM

Rupee falls for fifth month in February

The Indian rupee logged its fifth straight monthly fall in February, weighed down by foreign portfolio outflows and increased hedging in the onshore and the non-deliverable forward market.
1 March 2025, 18:00 PM

Investors unnerved by heated Trump-Zelensky Oval Office showdown

Investors were stunned on Friday after Ukrainian President Volodymyr Zelenskiy’s meeting with US President Donald Trump ended in disaster, adding uncertainty to financial markets already jittery due to weakening economic data and volatility around US trade policies.
1 March 2025, 18:00 PM

Citigroup mistakenly posted $81 trillion to customer account: FT

The payment was reversed several hours later and no funds ever left the bank
1 March 2025, 04:47 AM