Hong Kong’s economy grew by 3.1 percent in the first quarter of the year, the city’s government said Friday, though it warned US tariffs had heightened “downside risks” in the global economy. US President Donald Trump’s stinging tariffs of 145 percent on many Chinese products came into force last month. Beijing has responded with fresh … Read more
As if China’s solar panels and equipment companies haven’t already been reeling from low product prices and overcapacity, the U.S.-China trade war and the triple-digit tariffs are adding insult to injury to the profitability of the Chinese solar manufacturing industry. All top Chinese solar equipment producers booked losses for … Read more
Canada’s main stock index was subdued in choppy trading on Tuesday, as cautious investors moved on from the country’s elections to focus on the potential economic impact of a global trade war triggered by U.S. President Donald Trump’s tariffs. The TSX Composite Index gained 10.18 points to pause for lunch Tuesday at … Read more
A top Palestinian official told the International Court of Justice Monday that Israel was blocking humanitarian aid to Palestinians in Gaza as a “weapon of war”, at the start of a week of hearings at the UN’s top court. Israel is not participating at the ICJ but hit back immediately, dismissing the hearings as “part … Read more
Talks on Russia’s war in Ukraine entered a “critical week” on Monday, according to the United States, as it increases the pressure on Kyiv to give up on Crimea in exchange for peace. US President Donald Trump said he thought Ukrainian President Volodymyr Zelensky was ready to concede the peninsula, which was annexed by Moscow … Read more
China’s top leaders pledged on Friday to step up support for the economy and oppose “unilateral bullying” in global trade in a veiled rebuke of hefty tariffs imposed by US President Donald Trump. The world’s two largest economies are engaged in a high-stakes trade war that has spooked markets and spurred major manufacturers to reconsider … Read more
U.S. retailers are beginning to feel the pressure of escalating trade tensions with China. It appears that there will be no winners and losers, and the trade war impact on retail will be high. While stores are not yet fully empty, analysts and supply chain insiders warn that shortages could begin showing in the coming months. … Read more
TikTok abounds with viral videos accusing prestigious brands of secretly manufacturing luxury goods in China so they can be sold at cut prices. But while these “revelations” are spurious, behind them lurks a well-oiled machine for selling counterfeit goods that is making the most of the confusion surrounding trade tariffs. Chinese content creators who portray … Read more
Over the last year, Marvel Comics characters have gotten into bouts with the Alien, and are about to do the same with Godzilla. Who’s up next? Who else but the Predator, who’s getting live-action and animated movies this year? After tangling with Black Panther, Wolverine, and Spider-Man (which starts this week), the intergalactic game hunter is … Read more
The FDA gave compounders a grace period to wind down their production of the drugs after the shortage was over. Small pharmacies had until February 18 to comply, while larger outsourcing facilities had until March 19. (Semaglutide compounders were ordered to cease mass production this spring, with smaller compounders given a deadline of April 22 … Read more