Economy
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US sanctions hit Serbian oil firm operations despite waivers
Serbian oil firm NIS is struggling to buy oil from traders abroad, while at home its former clients are seeking…
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German finance minister says trade tensions bring undoubted risk of recession
Germany is at risk of another recession as a result of trade tensions sparked by tariffs under US President Donald Trump,…
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New Zealand central bank cuts rates citing US tariffs
New Zealand’s central bank cut interest rates on Wednesday citing US trade tariffs, becoming one of the first to respond…
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Trump’s latest tariffs kick in, deepening global trade war
President Donald Trump’s “reciprocal” tariffs on dozens of countries took effect on Wednesday, including massive 104 percent duties on Chinese…
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In China, whispers of change as some companies tell staff to work less
A handful of major Chinese companies like home appliance maker Midea have new badges of honor this year: mandatory clock-off…
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South Korea announces emergency measures for auto industry hit by US tariffs
South Korea on Wednesday announced emergency support measures for its auto sector, seeking to reduce the blow of US President Donald Trump’s tariffs on…
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Defiant Trump and officials vow to stay course as countries scramble over tariffs
US President Donald Trump and his advisers have defended sweeping tariffs on imports and vowed to stay the course, despite…
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Rules on UK car firms relaxed ahead of 2030 petrol vehicles ban
The government has said it is stepping in to help the British car industry by making the rules on manufacturers…
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Over 50 countries have contacted White House to start trade talks, Trump advisor says
More than 50 countries have reached out to the White House to begin trade talks, a top economic advisor to…
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Meta to establish $1B data center in the US
Meta, the American multinational technology company, announced plans to establish a new $1 billion data center in a Wisconsin city…
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