STOCKHOLM (Reuters) – Sweden’s Volvo Cars, which is controlled by Chinese auto maker Geely, will need up to two years to expand its U.S. car production in order to avoid hefty import tariffs, CEO Hakan Samuelsson told daily Dagens Nyheter (DN) on Friday. Volvo Cars is one of the most exposed automakers to U.S. President…
A look at the day ahead in European and global markets from Ankur Banerjee Fears of a sharp downturn in the global economy have sent markets convulsing once more, with action focused on currencies and bonds as the escalating U.S.-China trade war has investors throwing out the usual playbook and fleeing dollar-based assets. Stock futures…
MUMBAI (Reuters) – The Indian rupee is likely to rally at open on Friday, lifted by the dollar’s slump likely triggered by investors exiting from U.S. assets amid mounting U.S. and China trade frictions. The 1-month non-deliverable forward indicated that the rupee will open at 86.18 to 86.20 against the U.S. dollar compared with 86.6875…
A CBS News anchor fought back tears while reporting on Thursday’s fatal helicopter crash in the Hudson River near New York City. During CBS New York’s live coverage of the crash, anchor Kristine Johnson learns in the middle of her reporting that all six passengers on the helicopter – three adults and three children –…
PARIS (Reuters) – French automotive suppliers Novares and Valeo are asking customers to cover the full cost of new U.S. duties upfront, company executives said, underlining the hit to global carmakers from President Donald Trump’s tariffs on car imports. The U.S. began collecting tariffs of 25% on foreign auto imports from April 3, which Trump…
By Aishwarya Venugopal and Savyata Mishra (Reuters) – Aggressive tariffs on China-made clothes, bags and shoes by U.S. President Donald Trump could benefit off-price retailers such as TJ Maxx and Ross who rely on expansive sourcing strategies and inventory management. TJ Maxx-owner TJX Cos, Ross Stores and Burlington Stores often acquire clothing, accessories and other…
(Reuters) – China’s top leaders plan to meet as soon as Wednesday to hammer out measures to boost the economy and stabilise capital markets, people with knowledge of the matter said, as trade war with the United States escalates. Economists have warned that the fusillades on trade could shave one to two percentage points off…
Dave Portnoy, the outspoken founder of Barstool Sports, posted a simple question on X last week that hit a nerve in the crypto world: “If the point of Bitcoin is to be independent of the U.S. Dollar and nonregulated, why does it basically trade exactly like the U.S. stock market nowadays?” Don’t Miss: That one…
Home News China plans big move, Xi Jinping army set to attack this country in next…, US Intelligence Report reveals shocking details, Donald Trump may… leaders of the Chinese Communist Party (CCP) believe that it would be impossible for the U.S. to prevent a Chinese invasion of Taiwan. Beijing: In a concerning development that could…
This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in. Trump on Monday threatened China with extra tariffs of 50%. Trump last week hit China with a 34% tariff rate, in addition to 20% tariffs imposed earlier. China retaliated by imposing a 34% rate…