Porsche slows EV rollout, trims 2025 profit forecast amid weak demand, China pressures and US tariffs. Porsche AG on Friday dialled back plans for its electric vehicle rollout due to weaker demand, pressure in key market China and higher U.S. tariffs, causing the luxury sportscar maker and its parent Volkswagen to slash their 2025 profit…
President Donald Trump‘s simmering trade feud with India, a key U.S. economic and defense partner, has raised fears that New Delhi could be pushed deeper into Russia and China’s orbit. Trump imposed a 25-percent tariff of all Indian goods coming into the United States from August 1 as well as an unspecified extra penalty for…
SHANGHAI, – China stocks dipped on Wednesday as many traders were reluctant to take fresh positions ahead of the long Labour Day holiday, while data showed new export orders plummeted due to aggressive U.S. tariffs. ** But the Hong Kong market rose slightly, aided by a jump in tech stocks, and a rebound in property…
British semiconductor company Alphawave IP Group on Tuesday said the UK takeover panel has extended the deadline for a takeover offer by US chipmaker Qualcomm to May 12. Alphawave said it is in discussions with Qualcomm and, accordingly, agreed to extend the previous deadline of April 29 for the U.S. chipmaker to make a formal…
A look at what happened in the US government this week Updated: 10:03 PM EDT Apr 11, 2025 President Donald Trump rolled back his tariffs against most of the world while increasing them against China, the financial markets had one of the most chaotic and historic weeks in history, more high-profile court cases against the…
Chinese President Xi Jinping issued his first public response to sweeping U.S. tariffs, warning that Washington’s “unilateral bullying” could lead to its own global isolation. Speaking alongside Spanish Prime Minister Pedro Sanchez in Beijing, Xi called on the EU to join forces with China, urging unity against U.S. economic pressure. The U.S. under President Donald…
BEIJING – President Xi Jinping has put emphasis on creating a community with a shared future with China’s neighboring countries and striving to open new ground for its neighborhood work. President Xi made the comments at a central conference on work related to neighboring countries, which was held in the Chinese capital, Beijing, from April…
In response to former U.S. President Donald Trump’s aggressive tariffpolicies on Chinese and Vietnamese imports, global tech giants Apple andSamsung are steadily shifting their manufacturing base to India. The move isseen as a strategic pivot to minimize reliance on China and maintain a competitiveedge in the American market. The “Make in India” initiative is gaining…
President Donald Trump has denied that he intended to crash the stock market after he previously posted a video on Truth Social about him crashing the market on purpose. The president addressed the matter while aboard Air Force One, during a press gaggle with reporters as he returned to Washington, D.C., after playing golf all…
Apr 02, 2025 09:55 AM IST CHINA-STOCKS/MIDDAY:China and Hong Kong stocks rise ahead of US tariff announcement SHANGHAI, – China and Hong Kong stocks edged up on Wednesday, buoyed by tech shares, as markets awaited U.S. President Donald Trump’s new reciprocal tariffs on global trading partners. China and Hong Kong stocks rise ahead of US…