Asian markets track Wall St down with Nvidia, US jobs in view
Asian stocks sank Tuesday, tracking more losses on Wall Street as investors grow increasingly worried about frothy tech valuations, with focus turned to earnings this week from AI chip titan Nvidia. Building anxiety that this year’s record rally linked to all things artificial intelligence has made some traders question whether the billions spent on the […]
US to cancel flights as longest govt shutdown drags on
US officials said the scheduled capacity for flights was being cut by 10 percent in 40 busy air traffic areas nationwide on Friday, as the longest government shutdown drags on. Federal agencies have been grinding to a halt since Congress failed to approve funding past September 30, with some 1.4 million federal workers, from air […]
Drugmaker AstraZeneca profit jumps as US business grows
British pharmaceutical giant AstraZeneca announced surging quarterly profit Thursday on strong sales of cancer drugs and as the group zones in on the United States, pressured by President Donald Trump. Net profit jumped 77 percent to $2.53 billion in the third quarter compared with the July-September period one year earlier, AstraZeneca said in a statement. […]
Bridging Business and Humanity: How Natalia Denegri Redefined Success in the U.S.
Success is not just about fame or fortune – it’s about making a difference. Few people show that better than Natalia Denegri, an Argentine Italian entrepreneur, TV host, and philanthropist who turned her passion and determination into a platform for positive change. Based in South Florida for over a decade, Denegri has built two thriving […]
S. African president eyes better US tariff deal ‘soon’
South African President Cyril Ramaphosa said Wednesday that his country has advanced to “text-based” negotiations with Washington towards securing a better tariff deal — and hoped one would materialise “soon”. The South African government has been seeking to negotiate a better tariff deal with the United States, after US President Donald Trump’s administration hit the […]
Trump extends delay on US TikTok ban until mid-December
US President Donald Trump on Tuesday extended a delay on enforcing a ban against TikTok until December 16, marking the fourth postponement of a law designed to force the app’s sale from its Chinese owner. The announcement, made through an executive order, came despite Trump telling reporters Tuesday that the United States and China had […]
Trump’s pick for US Fed governor vows to uphold independence
Donald Trump’s pick to join the Federal Reserve’s board of governors pledged Thursday to uphold US central bank independence if confirmed, as the institution faces growing political pressure from the president to slash interest rates. “The Federal Open Market Committee is an independent group with a monumental task, and I intend to preserve that independence,” […]
Trump, Intel announce deal giving US a 10% stake in chipmaker
Chipmaker Intel has agreed to give the US government a 10-percent stake in its business, the company and President Donald Trump announced Friday. The deal came after Trump’s administration said Intel should give Washington an equity stake in exchange for large grants committed when Joe Biden was president. Under the agreement, the US government will […]
Starbucks receives bids for stake in China business: US media
Starbucks has received around 30 offers from investment firms seeking a stake in the company’s China business, US media reported Wednesday. The coffee chain’s China business, its second biggest after its US operation, drew non-binding offers from a mix of Chinese and foreign private equity firms valuing the enterprise at between $5 and $10 billion, […]
Chinese manufacturers in fighting spirits despite scrapped US orders
On a sweltering spring day, workers at a Christmas tree factory in eastern China rhythmically assembled piles of branches, wiping away sweat as they daubed white-paint snow onto plastic pine needles. Like countless other companies in the manufacturing powerhouse of Zhejiang province, its products are geared largely towards export — a sector freshly menaced by […]