Portsuppe
SearchSourcesAboutDE/EN
Home/Finance/News

Finance news

13,400 items

25d06/02

US government appeals against judge’s order for Trump tariff refunds

The Trump administration on Tuesday formally appealed against a judge’s order for refunds of the US president’s global tariffs after they were struck down by the Supreme Court earlier this year. At stake is some US$166 billion in revenue. A refunds system handled by US Customs and Border Protection (CBP) has already begun to process repayments. Last month, the CBP said in a court filing that it was on track to process about US$85 billion in repayments, with US$20.6 billion approved for...

◇ unclassifiedchina · asia · usa
25d06/02

‘At least 1 firm under Kazakh wealth fund will list in Hong Kong this year’

At least one company under Kazakhstan’s sovereign wealth fund will list on the Hong Kong stock exchange this year, the head of the city’s Trade Development Council has said. Council chairman Frederick Ma Si-hang on Tuesday also underscored the country’s huge potential, noting that Kazakhstan was seeking to privatise its state-owned companies and Hong Kong had emerged as the ideal location due to its mature capital market. A high-level delegation organised by the council and led by Chief...

◇ unclassifiedchina · asia
25d06/02⚠ war-conflict · 1/5

How realistic is it that the state will soon make use of the assets of small investors and how do you deal with this?

It's no secret that the state is running out of money. It is unlikely that anything will change in the future and is becoming increasingly unrealistic. The last government already proposed social contributions on capital income. How are you dealing with development? As a relatively young employee, the topic concerns me extremely. Is it even smart to save a fortune if it will eventually be taken away from you anyway? Why should you go without for the rest of your life?

Social◇ unclassifiedgermany · uk
25d06/02

Canada and Mexico tell US they want free trade deal renewed

Canada and Mexico on Tuesday called for a 16-year renewal of the North American free trade agreement with the United States, in hopes of binding the three countries to a pact that US President Donald Trump has openly questioned. The agreement is vital for Canada and Mexico, as the US is their main trading partner and the destination for 75 and 80 per cent of their exports, respectively. In a letter Monday, Ottawa’s minister in charge of Canada-US trade Dominic LeBlanc said: “Canada recommends...

◇ unclassifiedchina · asia · usa
25d06/02⚠ war-conflict · 3/5

How China’s ‘Excalibur of the East’ souvenir swords sparked airport security warning

During mainland China’s recent May Day holiday, a 2,500-year-old sword went viral on Chinese social media – but not for the reason you might think. Lasting from May 1 to 5, the May Day holiday – also known as “Golden Week” – sees large numbers of domestic tourists flocking to popular travel destinations across China, including the Hubei Provincial Museum, which houses the famous Sword of Goujian. Many of them end up buying a replica of the sword in the souvenir shop. As a result, the main...

◇ unclassifiedchina · asia · usa
25d06/02

Why China’s C909 jet is rapidly being deployed in Xinjiang

China’s domestically made regional jet, the C909, has struggled to compete with market leaders Airbus and Boeing since it launched a decade ago. But there is one place where it is thriving: the far-western Chinese region of Xinjiang. Chinese airlines have rolled out C909s in Xinjiang at a rapid clip over the past few years. The first C909 touched down in the region as recently as June 2023. Now, there are 30 of them being used on more than 120 routes in the remote territory, according to state..

◇ unclassifiedchina · asia · usa
25d06/02⚠ war-conflict · 3/5

India’s Oman Bet Looks Timely As Hormuz Crisis Deepens

Late last year, when India and Oman officially signed the Comprehensive Economic Partnership Agreement (CEPA), there was no war with Iran cutting off the Strait of Hormuz, and the advanced timing of this now is turning out to be more fortuitous than initially expected. The agreement came into effect on June 1st, just in time to give India access to Oman’s trade routes as an alternative to Hormuz. The pact, ratified by the Omani Sultan in February this year, will see Oman eliminate customs duties

◇ unclassifiedmiddle-east · russia · usa
25d06/02⚠ war-conflict · 2/5

Trump team abandons US$1.8 billion ‘slush fund’ to compensate supporters

The US Justice Department on Tuesday dropped a contentious plan to create a US$1.8 billion compensation programme that critics had denounced as a “slush fund” for President Donald Trump’s political allies. “We are not moving forward with the fund,” Acting Attorney General Todd Blanche said during testimony before a House committee. The about-face is a setback for one of Trump’s most divisive second term initiatives, which had drawn criticism from Democrats, legal experts and numerous Republicans

◇ unclassifiedchina · asia · usa
25d06/02

Can China fill funding and leadership gaps after America quit the WHO?

Vanuatu had a clear goal at last month’s annual assembly of the World Health Organization in Geneva – securing new international aid for the Pacific island nation. “I’m here to lobby for support,” said Jenny Stephens, Vanuatu’s director of public health. “We are experiencing the global funding cuts – it’s affecting our programmes like malaria, TB and HIV. We’re already struggling.” Vanuatu’s health programmes are among thousands in the Global South that have been halted or cancelled since the...

◇ unclassifiedchina · asia · usa
25d06/02⚠ war-conflict · 3/5

China Draws Down Billion-Barrel Stockpile as Iran War Cuts Imports in Half

The Iran War and the oil and gas market disruption it has caused have prompted a massive drop in Chinese crude oil imports. These were estimated at a little over 6 million barrels daily last month, down from almost 11.40 million barrels daily in February. The twist: China is the country that can afford such a slump, thanks to its inventories. May imports stood at a daily average of 6.36 million barrels, Kpler data cited by Reuters’ Clyde Russell showed this week. This was down from 8.10 million

◇ unclassifiedmiddle-east · russia · usa
25d06/02⚠ war-conflict · 3/5

Trump-Netanyahu relationship under growing strain over Iran: ‘you’re crazy!’

They went to war together against Iran, but Donald Trump and Benjamin Netanyahu’s relationship is under strain after the US president reportedly called the Israeli premier “crazy”. Trump unleashed a profane tirade over the phone at Netanyahu over Israel’s threats to bomb the Lebanese capital Beirut, fearing it would undermine talks with Tehran, the Axios news outlet and ABC News reported. It underscored the increasingly shaky ties between two right-wing allies with lots to lose politically from.

◇ unclassifiedchina · asia · iran
25d06/02

China-Kazakhstan grain-trading deal shows shifting Asian food order

In a move that could rattle global grain markets, China and neighbouring Kazakhstan – Central Asia’s largest grain producer and a key Belt and Road Initiative partner – agreed last week to establish a joint grain-trading platform during talks in Astana. The two sides also discussed long-term supply contracts, logistics hubs, dry ports and technology cooperation in storage and processing. Although full details remain limited, reports indicate the platform will be modelled on China’s state-managed

◇ unclassifiedchina · asia
← PrevPage 334 / 447Next →