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Asian markets struggle as trade war hits China factory activity
Stocks started limply Wednesday as investors struggled to match Wall Street's rally, with data showing Chinese factory activity contracted this month at its fastest pace for nearly two years as Donald Trump's trade war kicked in.
Samsung Electronics posts 22% jump in Q1 net profit
South Korean tech giant Samsung Electronics reported a better-than-expected 21.7 percent rise in first-quarter net profit on Wednesday as consumers rushed to buy smartphones under the looming threat of US tariffs.
China's manufacturing shrinks in April as trade war bites
China's manufacturing activity shrank in April after growing at its highest rate in a year the previous month, official data showed Wednesday, as Beijing fights an intensifying trade war with the United States.
Financial markets may be the last guardrail on Trump
Since returning to the White House, Donald Trump has ushered in sweeping changes to international geopolitics and US government administration with little regard for norms that have constrained predecessors.
US growth figure expected to make for tough reading for Trump
US GDP figures for the first quarter are expected to show a sharp drop-off in growth -- and possibly even a recession -- reflecting a surge in imports before President Donald Trump's sweeping tariffs came into effect.
Weinstein sex attack accuser tells court he 'humiliated' her
Miriam Haleyi told jurors at Harvey Weinstein's sexual assault and rape retrial Tuesday that the mogul "humiliated" her and reduced her to tears, recounting to the court her ordeal, the disclosure of which fired the "MeToo" movement.
Global stocks mostly rise as Trump grants auto tariff relief
Global stocks mostly rose despite fresh signs of a tariff hit to corporate earnings, while Wall Street cheered President Donald Trump's moves to soften the levies hitting automakers.
Meta releases standalone AI app, competing with ChatGPT
Social media behemoth Meta unveiled its first standalone AI assistant app on Tuesday, challenging ChatGPT by giving users a direct path to its generative artificial intelligence models.
BRICS members blast rise of 'trade protectionism'
China, Brazil and other members of the BRICS grouping on Tuesday slammed the "resurgence of trade protectionism" at a meeting in Rio de Janeiro dominated by US President Donald Trump's tariffs blitz.
Trump praises Bezos as Amazon denies plan to display tariff cost
US President Donald Trump on Tuesday said Amazon founder Jeff Bezos "did the right thing" by stopping a plan to show consumers how much US tariffs add to each price tag.
Trump signals relief on auto tariffs as industry awaits details
The White House said Tuesday it will soften tariffs on automakers, sparking optimism in Detroit whose car manufacturing industry has been on tenterhooks awaiting details on President Donald Trump's fast-evolving policy.
Stocks advance as investors weigh earnings, car tariff hopes
Stock markets mostly advanced Tuesday as investors assessed the impact of tariffs on corporate earnings and digested a report that President Donald Trump might spare automakers from some of his levies.
Stocks waver as investors weigh earnings, car tariff hopes
Stock markets diverged Tuesday as investors assessed the impact of tariffs on corporate earnings and digested a report that President Donald Trump might spare automakers from some of his levies.
Spain starts probing causes of massive blackout
Spain on Tuesday began to investigate the causes of the crippling blackout that disrupted millions of lives across the Iberian Peninsula, with a court probing potential "sabotage" of critical infrastructure.
AstraZeneca moves some production to US amid tariff threat
British pharmaceutical giant AstraZeneca announced Tuesday that it has begun moving some of its European production to the United States, ahead of President Donald Trump's possible tariffs on the sector.
Pfizer profits dip on lower Paxlovid sales
Pfizer reported a dip in profits Tuesday, driven partly by lower sales of Covid-19 therapeutic drug Paxlovid, as it maintained a 2025 forecast that does not include potential tariff effects.
GM profits top estimates, but automaker reviewing outlook due to tariffs
General Motors reported a dip in first-quarter profits but topped estimates Tuesday as the automaker said it was reexamining its 2025 outlook in light of uncertainty over US tariffs.
Stock markets edge up as Trump softens tariff pain for auto firms
Stock markets advanced on Tuesday following news that Donald Trump plans to spare automakers from some of his wide-ranging tariffs, boosting hopes of a less combative approach to his trade war.
Pricier trainers? Adidas warns on US tariff impact
German sportswear giant Adidas on Tuesday warned that US President Donald Trump's tariffs will increase prices for its products in the United States, and the hardline trade policies could dent its ongoing recovery.
BP profit drops 70% amid pivot back to oil and gas
Britain's BP said on Tuesday net profit plunged in the first quarter as the struggling energy giant undergoes a major overhaul back to its fossil fuel business.
Markets boosted as Trump softens tariff pain for auto firms
Markets rose Tuesday following news that Donald Trump is set to let auto makers off some of his wide-ranging tariffs, boosting hopes of a less combative approach to his trade war.
Croatia hotel toasts dizzying century of stars, sovereigns and champagne
East met West and often went for cocktails afterwards in Zagreb's Esplanade hotel.
Opposition wins Trinidad and Tobago election, returning Persad-Bissessar as PM
The opposition in Trinidad and Tobago won Monday's parliamentary elections, returning former prime minister Kamla Persad-Bissessar to office as the twin-island Caribbean nation battles an economic slump and rise in gang violence.
Elitist no more, caviar is turning casual
When Burger King announced it was selling caviar with nuggets at its French restaurants on April 1, many people assumed it was an April Fool's joke.
Markets rise as traders gear up for earnings, key jobs data
Markets edged up Tuesday after a largely positive day on Wall Street with investors eyeing a busy week of data and earnings releases that could provide clues about the effects of Donald Trump's trade policies.
Trump targets US 'sanctuary cities' in migrant crackdown
Donald Trump signed an executive order Monday to crack down on "sanctuary cities" that defy his hardline immigration policies, as the US president closes in on his first 100 days back in office.
Mexico agrees to send water to US after Trump threatens tariffs
Mexico has agreed to immediately provide water to the United States to reduce shortfalls under a decades-old treaty at the center of a diplomatic spat, the two countries said Monday.
Global stocks mixed amid trade hopes as markets await tech earnings
Global stocks were steady on Monday as investors welcomed the absence of further trade war escalation over the weekend and as countries seek to temper US President Donald Trump's tariffs.
Abuse scandal in focus in search for new pope
For decades, the sexual abuse of children by Catholic priests was covered up by the Church. But cardinals on Monday listed it as a key challenge for the next pope.
Stock markets diverge amid trade hopes, ahead of earnings
Global stocks markets diverged on Monday as investors welcomed the absence of further trade war escalation over the weekend and as countries seek to temper US President Donald Trump's tariffs.
Trump escalates immigration crackdown to mark 100 days
The White House announced Monday a crackdown on "sanctuary cities" that defy Donald Trump's hardline immigration policies, as the president closes in on his first 100 days in office.
Outkast, White Stripes, Cyndi Lauper among Rock Hall inductees
Hip-hop pioneers Outkast and rock duo The White Stripes are among 2025's class of Rock and Roll Hall of Fame inductees, the organization announced late Sunday.