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China’s economic growth slows as trade tensions with US flare up
Posted onOsmond ChiaBusiness reporter Getty Images The 4.8% growth in the third quarter marked a slowdown from 5.2% in the three months to July China’s economic growth slowed in the three months to the end of September as problems in the property market persisted and trade tensions with the US flared up. The world’s second-largest economy…
Bitcoin worth $14bn seized in US-UK crackdown on alleged scammers
Posted onLauren Turner and Osmond Chia Reuters The US government has seized more than $14bn (£10.5bn) in bitcoin and charged the founder of a Cambodian business empire, Prince Group, with allegedly masterminding a massive cryptocurrency scam. UK and Cambodian national Chen Zhi was charged on Tuesday in New York for allegedly engaging in a wire-fraud conspiracy…
Oil back above $100 as conflicting reports emerge on US-Iran talks
Posted onIn morning trading, Japan’s Nikkei 225 was 0.8% higher, the Hang Seng in Hong Kong was up by 1.6%, while South Korea’s Kospi rose by 2.2%. They had fallen sharply on Monday as Asian countries are heavily dependent on oil and gas that would normally pass through the strait.
Ford says it took an extra $900m Trump tariff hit last year
Posted onThe vehicle manufacturer had said it was backing away from plans to make large EVs, citing lacklustre demand and recent regulatory changes under Trump. The business case for leaning heavily into EV production, specifically large-sized EV models, has “eroded”, the company had said.
US and China agree framework of trade deal ahead of Trump-Xi meeting
Posted onThe US and China have agreed the framework of a potential trade deal that will be discussed when their respective leaders meet later this week, the US trade secretary has said. Scott Bessent told the BBC’s US news partner CBS that this included a “final deal” on TikTok’s US operations and a deferral on China’s…
Meir Matters supplies air fryers in Stoke-on-Trent cookery scheme
Posted onEthan Saunders,Meirand Richard Price,West Midlands BBC Michelle Swift, director of Meir Matters, says they previously ran a similar scheme with slow cookers Air fryers are to be given out free by a community group that has been teaching people how to cook as part of a scheme to help them eat more healthily. Meir Matters…
