Amazon on Thursday reported better-than-expected revenue and profits for the holiday shopping period, but its stocks dipped in after-hours trading due to disappointing guidance for the current quarter. The Seattle-based e-commerce and technology company said its revenue for the October-December period totaled $187.8 billion, a 10% jump compared with the same period in 2023. Profits…
TOKYO (AP) — Global shares were trading mostly higher Thursday, after a Wall Street rally that followed profit reports from major companies. France’s CAC 40 edged up 0.3% to 7,912.19 in early trading, while Germany’s DAX rose 0.7% to 21,710.10. Britain’s FTSE 100 rose 0.8% to 8,694.89. U.S. shares were set to drift higher with…
BEIJING (AP) — Pakistan’s President Asif Ali Zardari said Wednesday that his country’s friendship with China has “gone through ups and downs” but it won’t be broken down by extremist attacks that have killed Chinese nationals that have killed Chinese nationals. “Pakistan and China will always be friends, all-weather friends,” he said at the opening…
TOKYO (AP) — Asian shares were trading mixed Wednesday as markets mulled the impact of tariffs being imposed by the United States and China. Japan’s benchmark Nikkei 225 recouped earlier losses and was little changed, up less than 0.1% in afternoon trading at 38,820.77. Australia’s S&P/ASX 200 rose 0.5% to 8,416.90. The Hang Seng dropped…
BEIJING (AP) — China countered President Donald Trump’s tariffs on Chinese products with tariffs of its own on multiple U.S. imports Tuesday as well as announcing an antitrust investigation into Google and other trade measures. China said it would implement a 15% tariff on coal and liquefied natural gas products as well as a 10%…
ATLANTA (AP) — President Donald Trump has taken executive action to impose new tariffs on imports from Canada, China and Mexico. The move fulfills campaign promises but also sparked retaliatory moves that could signal an extended trade war with key trading partners and, in the case of Mexico and Canada, the closest U.S. neighbors and…
President Donald Trump signed an order to put tariffs on U.S. neighbors Canada and Mexico, as well as China, starting Tuesday. Canada and Mexico quickly announced retaliatory tariffs, while China said it would take “necessary countermeasures.” The business between the North American nations now exceeds China, totaling $1.8 trillion in 2023. That is far greater…
HONG KONG (AP) — Chinese tech startup DeepSeek ’s new artificial intelligence chatbot has sparked discussions about the competition between China and the U.S. in AI development, with many users flocking to test the rival of OpenAI’s ChatGPT. DeepSeek’s AI assistant became the No. 1 downloaded free app on Apple’s iPhone store on Tuesday afternoon…
WASHINGTON (AP) — The CIA now believes the virus responsible for the COVID-19 pandemic most likely originated from a laboratory, according to an assessment released Saturday that points the finger at China even while acknowledging that the spy agency has “low confidence” in its own conclusion. The finding is not the result of any new…
MANILA, Philippines (AP) — The Philippines launched a comic book on Friday to counter what the country says is China’s disinformation campaign to push its expansive territorial claims in the South China Sea. The 40-page comic book, titled “The Stories of Teacher Jun,” was unveiled by Philippine officials. It contains colorful caricatures of a Filipino…