Hong Kong will implement part of its revised HK$2 (26 US cents) transport fare scheme in April of next year, five months ahead of schedule, a minister has said, with the move expected to save authorities HK$260 million. Secretary for Labour and Welfare Chris Sun Yuk-han said on Wednesday that the public transport subsidy scheme…
The final list of countermeasures prepared by the Commission to respond to Trump’s steel and aluminum tariffs, which entered force on March 12, will not fully match their estimated impact of €26 billion on EU exports, Trade Commissioner Maroš Šefčovič said after the talks. That’s less than originally intended after EU countries lobbied to remove…
As of press time, BYD was down 11.15 percent, Nio 11.30 percent, Xpeng 11.40 percent and Li Auto 10.82 percent. Trump announced worse-than-expected reciprocal tariffs, and China swiftly responded. Electric vehicle (EV) stocks traded in Hong Kong were hit hard by US President Donald Trump’s new tariff measures, which triggered a selloff in global markets….
Students in Des Moines Public Schools will soon know if they’ll be allowed to have their cell phones during school during the next academic year.The school board is set to vote on its cell phone policy April 15. Members briefly went over the policy during their meeting Tuesday night. School board chair Jackie Norris said…
On Sunday, a few thousand people in Green Bay, Wisconsin, gathered to hear Elon Musk speak — and give away two giant cardboard checks for $1 million. Attendance at the event was limited to people who had added their names to a petition against “activist judges,” created by Musk’s America PAC. He has promised money…
China’s manufacturing activity improved at the fastest pace in four months, according to a private survey, a surprising show of resilience that will be tested as Donald Trump prepares to raise tariffs further on exports into the US. The Caixin manufacturing purchasing managers index rose to 51.2 in March from 50.8 in February, according to…
Coming into the new presidency the playbook for traders was obvious. Bet it all on a core of America First-linked champions, from Tesla Inc. and crypto to smaller companies. Turns out, amid spiraling policy shifts and worsening economic data, whittling yourself down to just a few bold calls has been one of the worst things…
More than 50 of the new entities added to the list are based in China, with others located in Iran, Taiwan, Pakistan, South Africa, and the United Arab Emirates. BIS says the restrictions have been applied to entities that acted “contrary to US national security and foreign policy,” and are intended to hinder China’s ability…
Both the protests and the market fallout could have been worse, Deutsche Bank strategist Jim Reid said in a note to clients on Monday. “The fact that he wasn’t charged with terrorism means the news isn’t as extreme as it could have been,” he argued, noting that “such a move would have led to the…
More than 400 members of the entertainment industry have signed a letter pushing back on OpenAI and Google’s proposal to allow AI models to train on copyrighted content, as reported earlier by Variety. The letter claims both companies “are arguing for a special government exemption” that would allow them to “freely exploit” creative industries. The…