Bloomberg reports the existing U.S. tariffs on billions of dollars in Chinese goods are likely to stay in place until after the 2020 presidential election. Yahoo Finance's Seana Smith and the CEO of China Beige Book, Leland Miller, discuss.
SEOUL (Reuters) -South Korea's government signed an agreement on Monday with Alibaba's AliExpress and PDD Holdings' Temu to promote product safety, the Korea Fair Trade Commission (KFTC) said. The agreement comes after heightened regulatory scrutiny of AliExpress, Temu and other Chinese e-commerce platforms as they significantly expand their user base in South Korea.
A sweeping White House move on China tariffs that is expected to be unveiled early next week "reflects lessons learned," according to a former official who was involved in the process.
Equities fluctuated Monday with traders taking a breather after the past weeks' healthy run as they absorbed weak Chinese data and news that Beijing planned to start selling almost $140 billion of bonds to boost the stuttering economy.Investors did take some heart after it emerged that Chinese authorities were set to begin selling the first batch of almost $140 billion in sovereign bonds this week to raise cash to boost the economy.
Homebuyers with means are turning to an old strategy to get around a new crop of high mortgage rates: all-cash deals.
China is targeting citizens studying abroad for their political activism, rights group Amnesty International said on Monday, with some students reporting harassment of family members back home.Amnesty International on Monday said Beijing's targeting of students has "engendered a 'climate of fear' on university campuses across Western Europe and North America, negatively impacting upon students' human rights."
The world's biggest banks financed fossil fuels to the tune of $705 billion in 2023, with US and Japanese lenders leading the way, an annual report by climate campaigners said Monday.Since the 2015 Paris climate agreement, the top 60 banks have provided a total of $6.9 trillion to the sector, according to the coalition's 15th annual report titled "Banking on Climate Chaos".
Ukrainian troops are locked in intense battles with the advancing Russian army in two border areas, President Volodymyr Zelenskyy said, while the death toll from a Russian apartment building collapse blamed on Ukrainian shelling rose to 15. Zelenskyy said “fierce battles” are taking place near the border in eastern and northeastern Ukraine as outgunned and outnumbered Ukrainian soldiers try to push back a significant Russian ground offensive. “Defensive battles are ongoing, fierce battles, on a large part of our border area,” Zelenskyy said in his nightly video address Sunday.
India's six-week election resumed Monday including in Kashmir, where voters are expected to show their discontent with Prime Minister Narendra Modi's cancellation of their disputed territory's semi-autonomy and the security crackdown that followed."What we're telling voters now is that you have to make your voice heard," said former chief minister Omar Abdullah, whose National Conference party is campaigning for the restoration of Kashmir's former semi-autonomy.
Georgia's parliament green-lit a final vote on a proposed law that critics see as a threat to media freedom and the country’s aspirations to join the European Union on Monday, a day after police dispersed the latest protests against it. The bill is nearly identical to one that the governing Georgian Dream party was pressured to withdraw last year after street protests. Renewed demonstrations have rocked Georgia for weeks, with demonstrators scuffling with police, who used tear gas and water cannons to disperse the crowds.
Germany's domestic intelligence agency was justified in designating the far-right Alternative for Germany as a suspected case of extremism, a court ruled Monday, rejecting an appeal from the opposition party. The administrative court in Muenster ruled in favor of the BfV intelligence agency, upholding a 2022 decision by a lower court in Cologne, German news agency dpa reported. Alternative for Germany, or AfD, has rejected the designation strongly.
An Australian judge Monday lifted a ban on the social media platform X showing Australians a video of a bishop being stabbed in a Sydney church. The temporary ban was put in place April 22, but the judge rejected the application from Australia’s eSafety Commission to extend the court order that would have expired Monday. Australian Federal Court Justice Geoffrey Kennett said he would publish his reasons for imposing and lifting the order later.
China will start selling an initial batch of long-dated bonds this week, the Ministry of Finance announced Monday, as Beijing looks to increase support for the world's second-largest economy.The Ministry of Finance did not specify the number of bonds that will be issued.
Two passengers and a pilot emerged unscathed from a small plane after it was forced to land without landing gear following a mechanical failure at Newcastle Airport in Australia’s New South Wales.
Flash flooding could strike across the South early this week as yet another round of severe storms drench already saturated ground, including parts of Texas where hundreds of people were rescued during torrential downpours last week.
The number of people killed by flash floods and cold lava flow from a volcano in western Indonesia over the weekend has risen to 41 with 17 more missing, a local disaster agency official told AFP Monday.But from this morning it has grown again, the figure reached 41 (dead)," Ilham Wahab, West Sumatra disaster mitigation agency official, told AFP. Rescuers were searching for 17 still missing, three in Agam district and 14 in Tanah Datar, both the worst-hit areas of the flood and home to hundreds
Israeli tanks, under cover of heavy fire from air and ground, pushed further into Jabalia in the northern Gaza Strip on Monday, residents and Hamas media said, while tanks and troops crossed a key highway on the outskirts of Rafah in the south. In Jabalia, tanks were trying to advance towards the heart of the camp, the biggest of Gaza's eight historic refugee camps. Residents said tank shells were landing at the centre of the camp and that air strikes had destroyed clusters of houses.
Chinese banks are tightening scrutiny over trade with Russia for fear of incurring strict new US sanctions over the Ukraine war, testing the "no limits" friendship between the two countries.But Washington's recent vow to go after financial institutions that help Moscow fund the conflict has tested the boundaries of Beijing's bonhomie -- and left its banks fearful of getting cut off themselves.
At least 37 people have been killed, and more than a dozen injured on the Indonesian island of Sumatra after heavy rains triggered flash flooding and a cold lava flow from an active volcano, search and rescue officials said on Sunday.
The long-haul carrier Emirates announced Monday it saw record profits of $4.7 billion in 2023 as the airline fully took flight after the turbulent years of the coronavirus pandemic disrupted its operations. Emirates, owned by Dubai's government, announced revenues of $33 billion, compared to $29.3 billion the year before. “Throughout the year, we saw high demand for air transport and travel related services around the world, and because we were able to move quickly to deliver what customers want, we achieved tremendous results,” Sheikh Ahmed bin Saeed Al Maktoum, the chairman and CEO of Emirates said in a statement.
Lithuanian President Gitanas Nausėda won the most votes in a weekend presidential election, officials said Monday, but he still faces a runoff in two weeks against Prime Minister Ingrida Šimonytė. Nausėda won 44% of the votes and Šimonytė nearly 20%, according to preliminary results published by Lithuania's Central Electoral Commission. It asked whether the constitution should be amended to allow dual citizenship, a decision that would have affected hundreds of thousands of Lithuanians living abroad.
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