The United States and China reached a “framework” agreement aimed at implementing a deal based on bilateral trade talks that started in Geneva, Switzerland last month, the White House said. The clarification came shortly after US President Donald Trump said that the US had signed a trade deal with Beijing a day earlier, offering no…
LOUISVILLE, Ky. (AP) — GE Appliances announced a nearly half-billion-dollar project Thursday that it says will create 800 new jobs and shift production of clothes washers from China to its massive manufacturing complex in Kentucky. The $490 million investment positions the Kentucky home appliances company to rank as the biggest U.S. manufacturer of washing machines,…
General Motors, one of America’s top carmakers, leads US companies in its exposure to China, perched in a delicate position as bilateral trade tensions persist amid US President Donald Trump’s steep 55 per cent tariffs on Chinese imports, according to a research report published this week. But GM is hardly alone. Elon Musk’s electric vehicle…
The remarks show how the mood has changed across the bloc on the potential pact it hopes to agree with the Donald Trump administration. Brussels at first trashed the agreement that London struck with Washington, but now the EU is coming to terms with the prospect that keeping a 10 percent baseline tariff is the…
Last April, Xi Jinping, president of the People’s Republic of China, said in a speech that in the past five years, China has built “the world’s largest and most complete new energy industry chain.” That was no idle boast. While much of the focus has been on solar, China is also a leader in both…
The dollar has lost 10.48% of its value against other currencies on the DXY index, year to date. Currencies usually move against each other in fractions of a percent, so that’s a relatively massive collapse in value. The dollar was down 0.55% this morning, at the time of writing. And—you guessed it—the person responsible is…
Trump Mobile has quietly stopped claiming its forthcoming phone will be made in the U.S. The company now uses more vague language in its marketing. It has also reduced the technical specs for the phone and stopped offering a specific date for the launch of its service. When the Trump Organization announced its cellular brand…
The Shanghai Gold Exchange opened its first offshore warehouse in Hong Kong on Thursday, a move that is likely to bolster the international trading of its contracts. The vault witnessed several transactions of spot gold contracts after it became operational, according to a statement from Bank of China (Hong Kong), which runs the warehouse. Analysts…
Home » Travel News Pick » Germany, United Kingdom, UAE, China, Singapore: Top Global Travel & Tourism Fairs in 2025 Showcase Industry Innovations and Opportunities Thursday, June 26, 2025 The year 2025 is set to be a transformative one for the global travel and tourism industry as major international fairs will take place across the…
Traders work on the floor at the New York Stock Exchange on June 23, 2025. Brendan McDermid | Reuters An aggressive trade war, Middle East escalation and AI competitions overseas — None of 2025’s big curveballs managed to spoil the market’s epic comeback from the year’s lows as stocks stand within reach of a new…