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US-China trade tensions back as port fees take effect
Posted onThe US and China started charging new port fees on each other’s ships on Tuesday, as trade tensions between the world’s two biggest economies increase. China says its levies aim to safeguard the country’s shipping industry from “discriminatory” measures and apply to US-owned, operated, built, or flagged vessels but not Chinese-built ships. It comes in…
Venezuelan MPs approve bill to open up oil sector to private firms
Posted onThe assembly, dominated by lawmakers who are allies of former president Nicolás Maduro, passed the bill with the backing of interim President Delcy Rodríguez, who assumed office after Maduro was seized in a US military operation earlier this month.
What are tariffs, how do they work and why is Trump using them?
Posted onGetty Images US President Donald Trump has introduced tariffs on goods reaching it from countries around the world. Trump argues that the move will boost American manufacturing and create jobs, but critics warn of higher prices and damage to the global economy. But he has also used the taxes to make other demands, and has…
Gold surges past record $4,000 an ounce as uncertainty fuels rally
Posted onThe price of gold has hit a record high of more than $4,000 (£2,985) an ounce as investors look for safe places to put their money over concerns about economic and political uncertainty around the world. Gold has seen its biggest rally since the 1970s, rising by around a third since April when US President…
How my on-air ‘brain fog’ moment sparked a big debate
Posted onZoe KleinmanTechnology editor BBC Due to “brain fog” BBC technology editor Zoe Kleinman had to hold notes during a recent live TV report When I rather nervously shared a personal post about dealing with brain fog at work on the social network LinkedIn last week, I had no idea that it would have such an…
Nestle to axe 16,000 jobs as new boss pushes to cut costs
Posted onFood and beverage giant Nestle said it will cut 16,000 jobs over the next two years, as its new CEO Philipp Navratil pushes to focus on products with the “highest potential returns”. The Swiss company must “change faster” to keep pace with a changing world and adopt a “performance mindset” that does not accept losing…
