The China Mail - Economy

Wall Street lifted on hopes for softer Trump tariffs

Wall Street rose sharply on Monday, as the White House indicated that President Donald Trump was contemplating imposing less drastic US tariffs next week than previously thought.

Hyundai announces new $21 billion investment in US manufacturing

South Korean auto giant Hyundai on Monday announced a multi-billion-dollar investment in the United States, including a new $5.8 billion steel plant.

'Delete your data': Genetic testing firm 23andMe files for bankruptcy

Pioneering US genetic testing company 23andMe has filed for bankruptcy and is looking for a buyer two years after hackers gained access to millions of profiles.

Wall Street lifted on fresh hopes for Trump's tariff approach

Europe stocks dipped, but Wall Street rose strongly on Monday as worries about fresh US tariffs expected next week were tempered by hopes that US President Donald Trump was considering a more targeted approach.

Man on trial after burning wife alive in France

A French-Algerian man went on trial in France on Monday for burning to death his wife in 2021, a case that shocked the public and sparked heavy criticism of police for failing to take adequate measures to protect her.

Genetic testing firm 23andMe files for bankruptcy

Pioneering US genetic testing company 23andMe has filed for bankruptcy and is looking for a buyer two years after hackers gained access to millions of profiles.

Chinese EV giant BYD surpasses rival Tesla with record 2024 revenue

Chinese carmaker BYD saw a surge in revenue last year, surpassing the $100 billion mark and beating rival Tesla as the electric vehicle giant accelerates its overseas expansion.

Greenland PM denounces US 'foreign interference' ahead of visit

Greenland's prime minister, Mute Egede, accused Washington on Monday of interfering in its political affairs by sending a US delegation to the Danish territory, which is coveted by US President Donald Trump.

Markets fluctuate as traders prepare for 'Liberation Day'

Equity markets were mixed on Monday as worries about fresh US tariffs pencilled in for next week were tempered by a report that Donald Trump was considering a more targeted approach.

Ingebrigtsen Sr in the dock for abuse of Olympic champ

The father and former coach of double Olympic champion Jakob Ingebrigtsen appears in court in Norway on Monday accused of domestic abuse against his son and daughter.

Indigenous leaders end world voyage with prayer for nature

The leaders of 22 Indigenous peoples from five continents held prayers for nature in Chile on Sunday at the end of a 46-day pilgrimage around the world.

France's Dassault says upping Rafale warplane output

France's Dassault Aviation is looking to ramp up production of its Rafale combat planes, its CEO said on Sunday, after President Emmanuel Macron said the country would increase orders.

Pakistan charges Baloch activist with 'terrorism'

Pakistan on Sunday charged a Baloch rights activist with terrorism, sedition and murder after she led a demonstration which ended in the death of three protesters, according to police documents.

Chinese premier calls for 'dialogue' as US senator visits Beijing

China's number two leader on Sunday called for "dialogue" with Washington, during a meeting in Beijing attended by prominent US business executives and a key congressional ally of President Donald Trump.

China says to pursue 'correct' path of globalisation as trade woes mount

China's number two leader told a gathering of business executives in Beijing on Sunday that the country would pursue economic globalisation despite "fragmentation", a thinly veiled reference to trade turmoil sparked by US President Donald Trump.

'Surf and turf' protest in Spain against factory, mine

Thousands of people on boats and on land staged a "surf and turf" protest in northwest Spain on Saturday against a planned textile factory and the reopening of a copper mine.

Appeal of Vietnam death row tycoon to begin in separate case

The appeal of a Vietnamese property tycoon convicted of money laundering will begin next week, state media said on Saturday, three months after losing her appeal against the death penalty in a separate case.

Pro-Trump senator set to meet Chinese premier

Republican Senator Steve Daines will meet Premier Li Qiang on Sunday, a senior Chinese official announced as the strong supporter of US President Donald Trump visits Beijing.

Venezuelan migrant dreams of US national amputee soccer stardom

Juan Carlos Vargas lost a leg in a road accident but that did not stop him from undertaking a perilous journey from his native Venezuela to the United States.

Prospect of copper mine reopening revives tensions in Panama

Piles of copper concentrate from a Canadian-owned mine closed by the Panama courts in 2023 sit on the shores of the Caribbean Sea and are now approved for export, to the dismay of environmentalists.

AI startup Perplexity confirms interest to buy TikTok

Artificial intelligence (AI) startup Perplexity on Friday expressed its interest in buying TikTok, which faces a deadline to divest from its Chinese owner or be banned in the United States.

Trump admits Musk 'susceptible' on China

President Donald Trump said Friday that Elon Musk should not be allowed to see top secret US plans for any war with China, in a rare admission that his billionaire ally's business links raised potential conflicts of interest.

Jaguar looks to woo younger, richer drivers with $160,000 Type 00

Jaguar's ambition to seduce younger, richer drivers was on full display in Paris with a presentation of its newest prototype, the Type 00, which promises all-electric luxury... at a steep price.

Trump admits Musk 'susceptible' on China amid secret war plan row

President Donald Trump on Friday denied reports that Elon Musk would see top secret US plans for a possible war with China, saying that his billionaire ally's links with Beijing raised potential conflicts of interest.

Heathrow closure could cost millions, disrupt flights for days

Huge travel disruption at London's Heathrow airport caused by a power cut Friday could take several days to remedy and cost millions of pounds, experts estimated.

EU tariffs not a deterrent, says Chinese EV maker XPeng

Chinese electric vehicle maker XPeng said Friday that European Union tariffs on EVs made in China have had a "large economic impact" but will not deter the firm's plans to tap European markets.

Russian central bank holds key rate at two-decade high

Russia's central bank kept its key rate at 21 percent on Friday, locking in two-decade-high borrowing costs as it battles rampant inflation.

Travel chaos after power outage closes London's Heathrow airport

Heathrow airport was completely shut down on Friday after a power outage due to a fire at a London electricity substation, causing travel chaos for passengers around the world and the cancellation or diversion of hundreds of flights from Europe's busiest air hub.

Namibia inaugurates its first woman president

Southern Africa's desert nation of Namibia swore in its first woman president Friday after Netumbo Nandi-Ndaitwah won elections last year that extended the ruling party's 35-year grip on power.

Markets skid into weekend as trade fears cast a pall

Equity markets limped into the weekend on Friday following a tepid lead from Wall Street as the optimism stoked by a dovish US Federal Reserve meeting gave way to long-running fears about Donald Trump's tariff agenda.

Court rules against K-pop group NewJeans in contract dispute

A South Korean court on Friday ruled against popular K-pop girl group NewJeans, which had sought to sever ties with their label ADOR over what they called "mistreatment" by the company.

Turkish clinics vie for UK medical tourists' custom in London

Whether it is a bleached-white smile, a full head of hair or major surgery, more and more Brits are flocking to Turkey for cut-price medical and cosmetic procedures -- and clinics are going out of their way to win their custom.

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