As Canada pushes ahead with a new digital services tax on foreign and domestic technology companies, United States President Donald Trump has retaliated by ending all trade talks and threatened to impose additional tariffs on exports from Ottawa. In a post on his Truth Social platform on Friday, Trump called the new Canadian tax structure…
Nike has said it will cut its reliance on production in China for the United States market to mitigate the impact from US tariffs on imports, and forecast a smaller-than-expected drop in first-quarter revenue. The sportswear giant’s shares zoomed 15 percent at the opening bell on Friday morning after it announced the change in conjunction…
The United States has reached an agreement with China on accelerating shipments of rare earth minerals to the US, amid efforts to end a trade war between the world’s two biggest economies. US President Donald Trump said on Thursday that the US had signed a deal with China the previous day, without providing more details,…
China’s Ministry of Commerce says the two sides “further confirmed the details of the framework.” President Donald Trump says the United States and China have signed a trade agreement amid efforts to end a trade war between the world’s biggest economies. “We just signed with China the other day,” Trump said during an event at…
Through the 12 days of the recent Israel-Iran conflict, China moved quickly to position itself as a potential mediator and voice of reason amid a spiralling regional crisis. The day after Israel’s unprovoked attack on Iran on June 13, Beijing reached out to both sides to express its desire for a mediated solution even as…
Oil prices hit a five-month high over the weekend after the United States struck Iran’s nuclear facilities. Tehran retaliated with an attack on the US Al Udeid Air Base in Qatar, keeping global energy markets on edge. But oil prices dropped sharply on Tuesday after it appeared that Iran was holding off further attacks for…
A new report accuses fashion giants of not considering the welfare of workers affected by climate change in garment factories in Southeast Asia. Fashion brands including luxury label Hermes, sportswear giant Nike, and fast fashion chain H&M are in the hot seat amid new allegations of climate greenwashing after making commitments to slash carbon emissions…