FRANKFURT, Germany (AP) — The European Union has finalized its sharply higher customs duties on electric vehicles imported from China. EVs are the latest flash point in a broader trade dispute over Chinese government subsidies and Beijing’s burgeoning exports of green technology to the 27-nation bloc. The duties took effect provisionally in July and were…
Australia to increase missile defence and long-range strike capability as the Asia Pacific region enters the ‘missile age’. Australia will increase its missile defence capability after China’s test of an intercontinental ballistic missile (ICBM) in the South Pacific raised “significant concerns” and as the Asia Pacific region enters a “missile age”. Australia plans to increase…
WASHINGTON — As Ukraine braces to face North Korean troops who are believed to be in the Russian border region of Kursk, analysts say China should be concerned about stronger pressure and responses from NATO, which sees Beijing as an enabler of Pyongyang and a supporter of Russia’s war against Ukraine. South Korea’s National Intelligence…
Goldman Sachs Group Inc. said global investors are overstating the risk that financial markets will be plunged into uncertainty by the lack of a clear victor soon after next week’s US presidential election. “While we recognize the tail risk possibilities, we think market participants appear to be somewhat overestimating the probability that a delayed result…
Ukrainian President Volodymyr Zelenskyy said that the thousands of North Korean soldiers expected to reinforce Russian troops on the front line in Ukraine are pushing the almost three-year war beyond the borders of the warring parties. Western leaders say North Korea has sent some 10,000 soldiers to help Russia’s military campaign and warn that its…
The European Union will impose higher tariffs peaking at 45% on electric vehicles from China, ratcheting up trade tensions between the world’s leading export powers. The regulation introducing the levies will be published on the EU’s official journal Wednesday. That paves the way for their entry into force later this week after months of negotiations,…
Ukrainian President Volodymyr Zelenskiy held a phone conversation with South Korean President Yoon Suk Yeol amid growing concerns that North Korean troops and generals are being dispatched to Russia to aid Moscow’s war on Ukraine. “There is only one conclusion — this war is being internationalized and goes beyond the borders of two states,” Zelenskiy…
US increases estimated number of North Korean troops sent to Russia amid fears Moscow’s war on Ukraine could expand. An estimated 10,000 North Korean troops have been sent to Russia to train and fight against Ukraine in “the next several weeks”, the Pentagon has announced, significantly increasing the estimated number of soldiers deployed by North…
state department — Top diplomatic and military officials from the United States and South Korea are set to convene in Washington this Thursday as the two allies closely monitor and express concerns about North Korea’s deployment of about 10,000 troops to Russia. Meanwhile, U.S. officials and analysts say that China could be displeased by Russia’s…
Stocks climbed on Monday, the start of a busy week for corporate earnings and one with key economic data on the way that will set the stage for the next Federal Reserve decision. All major groups in the S&P 500 gained, with the exception of energy shares that joined a plunge in oil as markets…