Topline Leading U.S. stock indexes gained Friday after the Labor Department delivered a scalding October jobs report, which revealed a far stronger labor market than anticipated, but not all assets basked in the rally. The key 10-year bond yield shot up to a two-month high as interest rate cuts dissipated. Getty Images Key Facts The…
(Bloomberg) — The European Union unleashed one of its most powerful economic tools on China, imposing tariffs on electric vehicles in a move that increases the risk of retaliatory measures and backfiring on domestic consumers and companies. Most Read from Bloomberg The EU voted on Friday to boost tariffs as high as 45%, arguing that…
Israel hasn’t clarified its intention of targeting Iran’s nuclear facilities in retaliation for the Iranian ballistic missile strikes earlier this week on Tuesday. It is as ambiguous as it could be. It is “really hard to tell” if Israel will use the anniversary of Hamas’ October 7 attacks to retaliate, a top US State Department…
Sale: Carpenter; Roebuck, Addison, Bedlow, Reed; Du Preez (capt), Warr; McIntyre, Cowan-Dickie, Opoku-Fordjour, Bamber, Beaumont, Van Rhyn, Dugdale, Birch. Replacements: Caine, Onasanya, Harper, Burrow, Roets, Thomas, Curtis, Nayacalevu. Sin-bin: Carpenter (78). Gloucester: Barton; Wade, Harris, Atkinson, Llewellyn; Anscombe, Williams (capt); Rapava Ruskin, Blake, Fasogbon, Clarke, Clark, Clement, Taylor, Mercer. Replacements: Singleton, Vivas, Knight, Alemanno, Ackermann,…
Chinese electric vehicle startup Nio Inc. NIO announced late Friday that it has struck a partnership with one of its strategic investors to foray into the Middle East and North Africa. What Happened: Nio has tied up with Abu Dhabi-based CYVN Holdings to launch the Nio MENA in a bid to launch Nio-branded vehicles and…
ISLAMABAD — Russia reported Friday that a “principal decision” had already been made to remove Afghanistan’s ruling Taliban from Moscow’s list of terrorist organizations. Zamir Kabulov, the Russian presidential envoy for the South Asian nation, was quoted by state-run TASS news agency as saying that the foreign ministry and national security agencies “are putting finishing…
Attention is set to turn to electric carmaker Tesla with its highly-anticipated robotaxi event having been rescheduled to take place on Thursday. Before that, markets will be looking to see if PepsiCo can improve on the mixed bag of quarterly results it delivered in the summer. Meanwhile, investors will want to see if Delta Air…
There is a saying among chefs: if you can make it in Hong Kong, you can make it anywhere. Hong Kong has one of the highest densities of restaurants per capita in the world. And according to the 2019 Time Out Index, 92 per cent of people had dined out in the week leading to…
A Hong Kong woman was sent to hospital in the early hours of Saturday morning after a boar attacked her while she slept during a camping trip on the city’s tallest peak. The force received a report at 2.09am that the animal had bitten the 29-year-old woman while she and another hiker had camped out…
European Union (EU) member states voted in favor today of allowing the European Commission to increase tariffs by up to 35.3 percent on Chinese battery electric vehicles (BEVs). The new levies are expected to go into effect by October 31. Although this decision signals growing alignment with the United States, there are important contextual differences…