Business
TikTok fined over $600M for illegally sending personal data to China
By Shane Croucher is a Breaking News Editor based in London, UK. He has previously overseen the My Turn, Fact Check and News teams, and…
Tag
China
Business
How a U.S. Tax Loophole Supercharged China’s Exports
When Congress raised the threshold for imported goods to enter the United States tax-free to $800 from $200 nearly a decade ago, it threw…
Business
Asia: Stocks gain after China teases US tariff talks
Asian markets largely rose on Friday, tracking Wall Street gains, as China said it was considering a US offer to negotiate steep tariffs.…
Politics
China hunts for submarines as NATO aircraft carrier group approaches
The Chinese military honed submarine-hunting skills as the United Kingdom assembled an aircraft carrier-led naval strike group, which…
Business
Column: The 'USA' brand was 250 years in the making. It took just 100 days to trash it
Ken Griffin, one of the billionaire donors who’d convinced themselves that President Trump wouldn’t do some things he campaigned to do,…
Politics
Vietnam Used to Be a Safe Haven for Trade. Now It Might Not Be.
During President Trump’s first U.S.-China trade war in 2018, American companies flocked to Vietnam to sidestep escalating tariffs, and the…
Politics
China quietly exempts key U.S. goods from tariffs: report
By Shane Croucher is a Breaking News Editor based in London, UK. He has previously overseen the My Turn, Fact Check and News teams, and…
News
Chinese Factories Slow in Early Sign of Trade War’s Toll
President Trump’s tariffs are already taking a toll on China’s factories. Three weeks into a trade war that pushed import tariffs of…
Business
Nomura’s China losses narrow as brokerage seeks turnaround
Nomura Holdings posted a smaller loss at its joint venture in China last year, as the brokerage seeks to turn around the business in the…
Business
Asia: Markets struggle as trade war hits China factory activity
Stocks started limply on Wednesday as investors struggled to match Wall Street’s rally, with data showing Chinese factory activity…
Business
Prudential’s quarterly new business profit rises on strong Hong Kong, China growth
ENTIAL on Wednesday (Apr 30) reported a 12 per cent rise in new business profit for the first quarter, as the Asia-focused insurer…
Politics
China asks drugmakers, hospitals to find US import substitutes
China has asked some of its state-owned drugmakers to study how they can reduce reliance on the US for pharmaceutical products and raw…
Business
Starbucks Profit Drops, but Leaders Say Turnaround Is Working
Faster coffee. More baristas. More seating. Despite headwinds from higher coffee prices and tariffs on certain products, Starbucks is…
Business
ASM’s orders beat estimates on strong demand from China
ASM International’s first-quarter orders beat estimates, fuelled by high demand for chipmaking equipment in artificial intelligence (AI)…
Business
UPS Says It Will Cut 20,000 Jobs in Efficiency Drive
UPS said on Tuesday that it would cut 20,000 jobs this year as part of a long-term plan to reduce costs and bolster profit. The cuts come…
Politics
Are Shein and Temu Prices Going Up? What to Know as Trump Ends De Minimis Tariff Loophole
A loophole that has allowed American shoppers to buy lots of cheap goods from mainland China and Hong Kong without paying tariffs and…
Politics
West Coast Ports Brace for China Tariffs to Dent Import Volume Within Days
Census Bureau data released on Tuesday showed a surge in U.S. imports starting last fall, from $268 billion at the end of October to $343…
Politics
'Hostile and political act': White House clashes with Amazon over idea to disclose tariff costs
The White House on Tuesday blasted Amazon over a proposal to show the cost of President Trump’s tariffs next to the price of some products…
Politics
Retailers Fear Toy Shortages at Christmas as Tariffs Freeze Supply Chain
President Trump’s China tariffs are threatening Christmas. Toy makers, children’s shops and specialty retailers are pausing orders for the…
Politics
Union Workers turn on Trump tariffs: 'Direct attack on the working class'
A union representing West Coast dock workers has decried President Donald Trump's tariffs as a "direct attack on the working class," and…
Business
Porsche's Q1 profit margin plunges on China weakness, US tariffs
Luxury sports carmaker Porsche on Tuesday (Apr 29) said its operating margin fell to 8.6 per cent in the first quarter, below analyst…
News
Alibaba co-founder Jack Ma implicated in intimidation campaign by Chinese regime
The Chinese regime enlisted Jack Ma, the billionaire co-founder of Alibaba, in an intimidation campaign to press a businessman to help in…
Business
China still backs overseas coal plants despite 2021 pledge, research shows
Chinese firms are still building new coal-fired power plants in Indonesia despite a 2021 pledge to stop financing coal projects overseas,…
News
China Shatters Record With 'World's Tallest Bridge'
China is nearly set to open a new bridge that will shatter the previous world record for the world's tallest bridge. Currently, the…