Walmart shares tumbled on Thursday after the retailing giant provided a 2025 sales and profit forecast that was lower than analysts had expected, with executives warning about new challenges in an uncertain economic landscape. Walmart slipped $6.93, or 6.7%, to $97.07 in early afternoon trading on Thursday. The outlook from the nation’s largest retailer for…
Hong Kong’s M+ museum has signed an agreement with the Museum of Modern Art (MoMA) in New York to collaborate in several areas in the first such deal between the famed US institution and an Asian counterpart, which comes amid escalating geopolitical tensions. Separately, the visual arts museum in the West Kowloon Cultural District said…
Trump weighs reciprocal tariffs President Trump says reciprocal tariffs will increase U.S. revenue, but some warn of risks 02:43 Washington — President Trump said Tuesday that he could impose hefty tariffs on automobile imports, but said he would have more to say in early April. “I probably will tell you that on April 2, but…
Malaysia’s trade minister has reaffirmed his country’s commitment to strengthening investment ties with Hong Kong amid worries that the US could impose further punitive measures targeting the city and mainland China. Tengku Zafrul Aziz, Malaysia’s minister for investment, trade and industry, said on Monday that Asean would continue to engage with the United States while…
Malaysia’s trade minister has reaffirmed his country’s commitment to strengthening investment ties with Hong Kong amid worries that the US could impose further punitive measures targeting the city and mainland China. Tengku Zafrul Aziz, Malaysia’s minister for investment, trade and industry, said on Monday that Asean would continue to engage with the United States while…
Hong Kong developers will continue to price their swollen inventory of new flats at discount prices to attract buyers in 2025 as hopes of lower interest rates fade and concerns grow about a liquidity crunch among builders. “Expecting interest rate cuts to support the property market is unlikely for this year,” said Chau Kwong-wing, chair…
President Donald Trump is taking a blowtorch to the rules that have governed world trade for decades. The “reciprocal’’ tariffs that he announced Thursday are likely to create chaos for global businesses and conflict with America’s allies and adversaries alike. The regulations that have controlled international commerce for many years are being overturned by President…
The headlines from Trump’s first weeks in office – CBS News Watch CBS News It has been 25 days since President Trump returned to the Oval Office, and he has kept his campaign promises, which have included mass firings, sweeping layoffs, and the upending of international policy, and all of that in just the last…
Brazil’s President Luiz Inácio Lula da Silva cast China in a harsh light on Friday, assigning blame to Beijing, along with American and European companies, for practices that have allowed the country to pull off rapid technological advances. Discussing Brazil’s international relations in a radio interview, Lula said China has become a technological powerhouse by…
One of the most striking things about an otherwise expansive Donald Trump, willing to hold court in the Oval Office and then do the longest press conference he has done with a visiting foreign leader so far, was his reticence on China and reluctance to say anything that could be deemed critical of the country….