There was a time when gourmet European cheese was an uncommon ingredient in Hong Kong restaurants. The assumption was that local diners did not like cheese, finding it unappealing, expensive and stinky – and certainly not the preferred post-dinner alternative to dessert. Plus, it was presumed that Asians were mostly lactose intolerant. Jeremy Evrard set…
US President Donald Trump said on Thursday that Washington and Beijing were talking and expressed confidence that a deal on tariffs would be reached soon but declined to say if he had spoken to Chinese President Xi Jinping, as a brewing trade war threatens to roil the global economy. “We are confident that we will…
Donald Trump says the US will strike a “very good” trade deal with China, as both countries remain locked in a tariff war. Several Asian countries have started negotiations with the US over his levy policy but despite facing the highest tariffs China has not. A White House website page states that some Chinese goods…
A pedestrian jogs along the Bund across from buildings in Pudong’s Lujiazui Financial District in Shanghai, China, on Thursday, Jan. 2, 2025. Bloomberg | Bloomberg | Getty Images Asia-Pacific markets traded mostly lower Wednesday after Wall Street declined overnight as investors assessed quarterly earnings, while tariff worries continued to weigh on investor sentiment. Japan’s Nikkei…
Japan’s competition watchdog ordered Google LLC on Tuesday to stop unfairly pressuring smartphone makers to preinstall its search and browser apps in violation of the antitrust law. In issuing its first “cease and desist order” against a tech giant, the Japan Fair Trade Commission concluded that Google, which dominates the online search market, had unfairly…
Concerns over earthquakes have contributed to a decline in the number of Hong Kong residents joining tour groups to some popular Asian destinations this Easter, despite prices falling by as much as 15 per cent over last year’s level, one of the city’s largest travel agents has said. Steve Huen Kwok-chuen, executive director of EGL…
Beijing’s 22 million residents were asked to stay indoors on Saturday, as powerful winds swept across northern China. The winds toppled trees, disrupted travel and sports, and caused dust storms across the region. The winds, which in Beijing reached 101 miles per hour on Saturday afternoon local time, stemmed from a polar vortex in Mongolia…
As Washington singles out China for its biggest tariff squeeze, Beijing’s efforts to stabilise its periphery and bolster ties with the neighbours have an added urgency, according to observers. In his address to the conference, Xi called for the “breaking [of] new ground” in China’s relations with neighbouring countries, which he said were at a…
Warren Buffett (Trades, Portfolio) isn’t backing downnot even when markets are rattled. Berkshire Hathaway (NYSE:BRK.A) (NYSE:BRK.B) just priced a 90 billion ($629 million) six-part yen bond deal, right as global markets wobble under the weight of rising tariffs and recession fears. Japanese firms are scrapping bond sales left and right. But Buffett? He’s issuing paper…
BANGKOK (AP) — Asian shares sank Friday after U.S. stocks gave up much of their historic gains from the day before. The deepening worries over President Donald Trump’ s trade war initially helped pull Japan’s Nikkei 225 share index down 5.6%. By mid-morning in Tokyo, it was down 4.7% at 32,969.95. The yen surged against…