BANGKOK — BANGKOK (AP) — Shares swung higher Wednesday in Europe and Asia, supported by buying of technology shares, as hopes for a U.S. interest rate cut helped to offset worries over simmering trade tensions between Washington and Beijing. Gold rose to new highs, hitting $4,217 per ounce. The precious metal has soared nearly 60%…
MILAN — MILAN (AP) — Fendi on Tuesday named Maria Grazia Chiuri as its new creative director, replacing Silvia Venturini Fendi, who stepped aside last month to become honorary president of the fashion house founded by her grandparents and now owned by the French luxury conglomerate LVMH. Chiuri’s first collection for the Rome-based fashion house…
BEIJING — BEIJING (AP) — China signaled Sunday that it would not back down in the face of a 100% tariff threat from President Donald Trump, urging the U.S. to resolve differences through negotiations instead of threats. “China’s stance is consistent,” the Commerce Ministry said in a statement posted online. “We do not want a…
MANILA, Philippines — MANILA, Philippines (AP) — A Chinese coast guard ship used a powerful water cannon on Sunday then rammed and slightly damaged an anchored Philippine government vessel off an island inhabited by Filipinos in the disputed South China Sea, said the Philippine coast guard. There were no injuries among Filipino crewmen of the…
TAIPEI, Taiwan — TAIPEI, Taiwan (AP) — Taiwan’s Ministry of National Defense issued a report saying it is training soldiers to shoot down drones and actively looking to procure new anti-drone weapons systems, which comes in response to Chinese drone incursions. The report released Thursday said Taiwan has developed a strategy to deal with the…
LONDON — A supply of U.S. Tomahawk cruise missiles to Ukraine could help “push Russia back,” Margus Tsahkna — the foreign minister of NATO ally Estonia — told ABC News, after U.S. President Donald Trump said he had “sort of made a decision” on whether to green-light the long-range weapon for Ukrainian use. Tsahkna said…
Japan’s Nikkei stock index jumped nearly 5% on Monday and the yen weakened after its ruling party chose an ultra-conservative as its leader and likely first woman prime minister. Other Asian markets also were mostly higher. U.S. futures climbed and oil gained about $1 a barrel. The Liberal Democrats elected Sanae Takaichi, an ally of…
Cultural milieu and the arts Hong Kong’s is truly a mixed culture. Not only does the territory celebrate festivals and holidays of the East and the West, such as the Dragon Boat Festival, the Mid-Autumn Festival, the Lunar (Chinese) New Year, Christmas, the Western New Year, and others, but it also enjoys hundreds of annual…
HONG KONG — Beijing’s top diplomat in Hong Kong met with the city’s new U.S. Consul General this week to warn her against interfering in the territory’s internal affairs, his office said in a statement Thursday. Cui Jianchun, commissioner of the Hong Kong office of China’s foreign ministry, met with U.S. top diplomat Julie Eadeh…
HONG KONG — Tropical Storm Matmo edged closer to the Philippines on Thursday and was expected to intensify into a typhoon that could threaten southern China this weekend, just about a week after the region was battered by Ragasa, one of the strongest storms to hit Asia in years. Matmo, which had maximum sustained winds…