Business

Adidas, Nike, PUMA say new tariffs on China would be ‘catastrophic’

WASHINGTON, United States (AFP) — Adidas, Nike and PUMA on Tuesday urged US President Donald Trump to prevent the shoe industry from falling victim to the trade war with China, saying new tariffs could be “catastrophic.” In a letter to …

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Samsung shares surge as Huawei struggles

SEOUL, South Korea (AFP) — Samsung Electronics surged more than four percent Tuesday on the back of its chief rival Huawei’s mounting problems, including a decision by Google to sever ties with the Chinese mobile phone maker. US internet giant …

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Asian markets tick up after Trump tweets but uncertainty remains

HONG KONG, China (AFP) — A series of tweets by Donald Trump playing up the chances of a trade deal with China provided a much-needed boost to Asian equities Wednesday but investors trod cautiously as analysts warned of more volatility …

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Asian markets track big losses on Wall St after China retaliates

HONG KONG, China (AFP) — Asian markets extended a global sell-off Tuesday following hefty losses on Wall Street that came in response to China’s hike in tariffs on $60 billion of US imports, ramping up tensions in a trade war …

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China fires back at US with tariff hike on goods worth $60 billion

by Poornima WEERASEKARA BEIJING, China (AFP) — China said Monday it will raise tariffs on $60 billion worth of US goods from June 1, in retaliation for the latest round of US tariff hikes and Washington’s plans to target almost …

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Amazon offers employees $10,000 to quit, launch delivery business

WASHINGTON, United States (AFP) — Amazon said Monday it was offering employees $10,000 to quit their jobs and become independent package delivery entrepreneurs for the online retail colossus. An Amazon statement said the latest incentive would also include three months …

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Lack of US-China trade deal weighs on Asian markets

HONG KONG, China (AFP) — Markets in Asia were largely down in morning trade on Monday as the lack of a US-China trade deal cast a cloud over the market. Investors watched the latest developments warily in the trade war …

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US-China trade talks resume, Trump says deal still ‘possible’

by Douglas Gillison with Ryan McMorrow in Beijing WASHINGTON, United States (AFP) — US and Chinese officials returned to the bargaining table late Thursday amid a sudden flare-up in hostilities, while President Donald Trump held out hopes of salvaging a …

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China’s exporters fret over Trump tariffs

by Ryan MCMORROW BEIJING, China (AFP) — With the eyes of the world on Washington for this week’s high-stakes trade talks between China and the United States, none will be more focused than those of Chinese exporters who are increasingly …

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Asian markets resume downward spiral on growing trade fears

HONG KONG, China (AFP) — A red wave swept across Asia trading floors Wednesday as investors grow increasingly concerned that the China-US trade deal, which appeared all by ready to sign, could fall through. After months of healthy gains across …

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Asian markets plunge as Trump threatens to hike China tariffs

HONG KONG, China (AFP) — President Donald Trump sent Asian markets plunging Monday after threatening to hike tariffs on $200 billion of Chinese goods at the end of the week in a bid to speed up stuttering trade talks between …

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US-China trade dilemma: how to hold Beijing’s feet to the fire

by Delphine TOUITOU WASHINGTON, United States (AFP) — US and Chinese officials say a historic deal ending their ongoing trade war could be imminent, but a key question is how can Washington be sure Beijing will live up to its …

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