Construction begins on the East Harbour Transit Hub in Toronto. (Andrew Francis Wallace/Toronto Star via Getty Images) · Andrew Francis Wallace via Getty Images Canada’s economy shrank 0.1 per cent on a monthly basis in April, Statistics Canada said on Friday, a slower pace than analysts had expected. The contraction was largely the result of…
A U.S. official told top global semiconductor makers he wanted to revoke waivers they have used to access American technology in China, people familiar with the matter said, a move that could inflame trade tensions. Currently, South Korea’s Samsung Electronics and SK Hynix as well as Taiwan Semiconductor Manufacturing enjoy blanket waivers that allow them to…
A former high-ranking US official on a trip to Hong Kong has accused the Trump administration of miscalculating Beijing’s power and called on the country to open up communications amid escalating trade tensions. Kurt Campbell, former US deputy secretary of state in the Biden administration, told a conference hosted by the American Chamber of Commerce…
A former high-ranking US official on a trip to Hong Kong has accused the Trump administration of miscalculating China’s power and called on the United States to open up communications amid escalating trade tensions. Kurt Campbell, former US deputy secretary of state in the Biden administration, told a conference hosted by the American Chamber of…
(Reuters) -U.S. stock index futures fell on Thursday, with a brief equity rally fizzling out as investors assessed the latest twists and turns in the Trump administration’s erratic trade policy, and a bevy of mixed corporate results. Wall Street jumped for a second consecutive session on Wednesday on signs the White House was open to…
A company linked to Philippines tycoon Carlos Chan and the producer of Oishi snacks bought two ground floor shops in Hong Kong’s Wan Chai district for HK$128 million (US$16.5 million), according to official documents, adding to the group’s real estate holdings in the city. Miyazaki Development bought the properties in York Place at 22 Johnston…
By Andrea Shalal WASHINGTON (Reuters) -Major geopolitical risk events, including trade tensions, can trigger large corrections in stock prices, the International Monetary Fund said in a report on Monday. That in turn can generate market volatility which can threaten financial stability, it said in a chapter from its forthcoming Global Financial Stability Report. The IMF…
The United States has exempted tariffs on laptops, smartphones, and other tech items in the ongoing trade war with China. This move is expected to benefit tech companies globally. Machines used to make semiconductors have also been exempted from tariffs. The decision comes as a relief for China, with the US ‘blinking first’ in the…
Apr 10, 2025 The Trump administration’s strategy to pressure Apple into relocating iPhone production to the United States faces skepticism, as experts suggest the move remains improbable despite high tariffs. According to a report by Yahoo Finance, the tariffs on Chinese products have reached 145%, yet Apple’s entrenched supply chain and cost implications make a…
Catch up on some of SCMP’s biggest China stories of the day. If you would like to see more of our reporting, please consider subscribing. 1. China to strengthen strategic ties with neighbours, Xi Jinping says Chinese President Xi Jinping has pledged to strengthen strategic bonds with neighbouring nations by “appropriately” managing differences and enhanced…