Thursday, 2 May 2024

Business

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Pence, Trudeau to discuss Huawei, China trade issues in Ottawa: official

WASHINGTON (Reuters) – U.S. Vice President Mike Pence and Canadian Prime Minister Justin Trudeau will discuss their joint dispute with China over Huawei Technologies Co Ltd during a meeting in Ottawa on Thursday, a senior U.S. administration official said. Pence, known for taking a hard line against China, will travel to the Canadian capital to […]

U.S. stocks fall as trade concerns spark growth fears

NEW YORK (Reuters) – U.S. stocks fell on Wednesday, with the S&P 500 and Nasdaq closing just above key support levels, as worries that a lengthy U.S.-China trade war would crimp global growth pushed investors into the safety of government bonds. Trade tensions between the two largest economies in the world showed little signs of […]

Stocks drop, bond prices rally as trade tensions fan growth fears

NEW YORK (Reuters) – Fears that an escalating trade war between the U.S. and China will slash global economic growth pulled world stock markets down to near two-and-a-half-month lows on Wednesday and continued to feed a rally in safe-haven government bonds. German bond yields fell deeper into negative territory and inched toward record lows around […]

Pound shop is selling pornstar martini and gin and tonic flavour lube

Anyone looking to spice things up in the bedroom may not usually count a pound shop as their first port of call. But it turns out we're wrong, as affordable online retailer PoundShop has been spotted selling both pornstar martini and gin and tonic flavoured lube for £1. Inspired by some of the nation's favourite […]

DealBook Briefing: Could the Trade War Spread to Wall Street?

Good Wednesday morning. (Was this email forwarded to you? Sign up here.) The next trade battle: China’s access to Wall Street? Both inside and outside the White House, there are growing calls for a weakening of China’s links to U.S. financial markets, Keith Bradsher and Ana Swanson of the NYT report. • “Some trade experts […]

Irish employers lag behind UK when it comes to flexible working options for staff

Irish business leaders need better technology and an agile approach if they want to retain talented employees, new research has warned. The survey shows that more than half of Irish office workers believe a four day week will become a reality, while two-in-five believe their roles will be automated in the next five years. The […]

China ready to hit back at U.S. with rare earths: newspapers

BEIJING (Reuters) – China is ready to use rare earths to strike back in a trade war with the United States, Chinese newspapers warned on Wednesday in strongly worded commentaries on a move that would escalate tensions between the world’s two largest economies. President Xi Jinping’s visit to a rare earths plant last week had […]

Russia to consider extending oil output cut with OPEC: deputy PM

NUR-SULTAN (Reuters) – Russia will carefully consider extending its oil output reduction agreement with the Organization of the Petroleum Exporting Countries (OPEC) and other producers, Russian First Deputy Prime Minister Anton Siluanov told Reuters on Wednesday. Moscow will weigh, in particular, the deal’s positive effect on oil prices against losses in market share to United […]

Huawei ban puts South Korea in a familiar place: caught between the U.S. and China

SEOUL (Reuters) – Less than a week after Huawei Technologies was blacklisted by the United States, more than a hundred South Korean politicians and business leaders toured the Chinese tech giant’s headquarters and its lavish new campus outside Shenzhen. Executives from firms such as Samsung Electronics watched demonstrations of high-speed robotics and smart city simulations […]

Mexican authorities raid ex-Pemex chief Lozoya's home: lawyer

MEXICO CITY (Reuters) – Mexican authorities raided the home of the former chief executive officer of state oil firm Pemex, Emilio Lozoya, on Tuesday night when he was not home, his lawyer Javier Coello said in an interview with Milenio Television. Source: Read Full Article