U.S. President Donald Trump’s sweeping tariffs on imports from key trading partners could add around $1 billion to Nike’s costs, company executives said on a post-earnings call after the sportswear …
BUSINESS
Donald Trump says US-China trade truce has been ‘signed’
Donald Trump said on Thursday the US and China had signed a trade deal two weeks after saying they had reached an understanding in London about how to implement a ceasefire in the countries’ dispute.…
GE Appliances to move washing machine production from China to Kentucky in $490M investment
GE Appliances invests $490 million to relocate washer production from China to Kentucky by 2027, adding 800 full-time jobs amid changing economic policies.
Nike plans to reduce China production to soften US tariff blow, shares jump
Nike said it would cut its reliance on production in China to mitigate the impact from U.S. tariffs on imports, and forecast a smaller-than-expected drop in first-quarter revenue, sending its shares …
Trouble In Paradise For The Brand That Overtook Tesla
The growth of BYD’s global output is falling, and existing inventory is steadily increasing …
US says deal with Beijing will expedite rare earth exports from China
The United States has reached an understanding with China on how to expedite rare earth shipments to the U.S., a White House official said on Thursday, amid efforts to end a trade war between the…
US says it reaches understanding to expedite rare earth exports from China
The United States has reached an understanding with China on how to expedite rare earth shipments to the U.S., a White House official said on Thursday, amid efforts to end a trade war between the…
China imports Argentina soybean meal in trial amid US tensions
Shipment expected to arrive in Guangdong in September as country seeks to secure supplies of key animal feed ingredient during US trade war.
President Trump claims, trade deal with China signed
President Donald Trump said on Thursday that the United States had reached a trade-related agreement with China, though he did not provide any details. The crypto markets are starting to pick up …
Exclusive-China pens Argentine soymeal test deal with eye on US trade war disruption
By Ella Cao, Naveen Thukral and Maximilian Heath BEIJING/SINGAPORE/BUENOS AIRES (Reuters) -Chinese firms have booked the first soymeal cargo from Argentina since Beijing approved Argentine imports in …
Guotai Junan shares jump 470% after Hong Kong crypto licence approval
Guotai Junan wins SFC approval for crypto trading as Hong Kong launches the LEAP framework. Shares surged 470% before falling to €0.35 today.
OpenAI fingers Beijing-backed Zhipu AI as strong contender despite US ban
Banned in the US, but backed at home, Zhipu AI has been dubbed one of China’s “AI tigers” by local outlets since it burst onto the scene in 2019. Now, it has caught the attention…
China’s Digital Currency, Explained
China’s moving to programmable digital money. With full government control, real-time tracking, and instant payments, the e-CNY could change the economy, both in China and globally. Here’s everything …
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