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The Trump administration on Wednesday opened a new trade investigation into manufacturing in foreign countries – an effort that comes after the Supreme Court struck down US President Donald Trump’s previous use of tariffs by declaring an economic emergency. Trump and his team have made clear that they’re seeking to replace the hundreds of billions…
Overseas expansion and a commodity boom have put Chinese companies trading on the mainland in a position to beat their offshore-listed peers in earnings, cementing the outperformance of yuan-denominated stocks since the outbreak of Middle East hostility. The 300 largest mainland-traded companies may post average 2025 profit growth of 6.3 per cent during the coming…
The UN Security Council on Wednesday called for Iran to halt its attacks on Gulf states, in a resolution that did not mention US or Israeli strikes on Iran, prompting Tehran’s ambassador to decry a “blatant misuse” of the international body. The resolution, passed by 13 votes with two abstentions, “demands the immediate cessation of…
Chilean President Gabriel Boric left La Moneda presidential palace for the last time on Wednesday, ending a four-year term with a call for national unity that most observers took as a reference to the Chinese undersea cable dispute that defined his final weeks in office. “I wish success to the incoming government, success for Chile,…
When US and Israeli forces launched airstrikes on Iran, the shock waves were felt far beyond the region. As the conflict escalates, understanding who benefits from this crisis might be as important as counting its costs. Peace benefits ordinary citizens, small businesses, global supply chains and the planet’s climate trajectory. The beneficiaries of war are…
The Strait of Hormuz is effectively closed. Since the beginning of the conflict involving the United States, Israel and Iran on Feb. 28, 2026, oil tanker traffic through the world’s most critical oil shipping choke point has collapsed, dropping by more than 90%. Iran has threatened to destroy any ships, including oil tankers, that pass…
Taiwanese rock band Mayday has sought to calm fans angered by the abrupt cancellation of one of its concerts planned for Hong Kong by inviting them to a free rehearsal, as complaints over the scrapped show soared to more than 100. The city’s customs chief also weighed in on Wednesday, warning that enforcement action would…
Documents released on Wednesday by the British government show officials believed there was a “reputational risk” to appointing Peter Mandelson as the US ambassador because of his relationship with convicted sex offender Jeffrey Epstein. The concerns were raised in a document sent to Prime Minister Keir Starmer in December 2024 before he appointed Mandelson to…
China’s military on Wednesday warned the United States against allowing artificial intelligence (AI) to “determine life and death” in warfare, as a dispute between the Pentagon and AI firm Anthropic highlighted growing tensions over military use of the technology. Speaking at a regular briefing in Beijing, defence ministry spokesman Jiang Bin said the “unrestricted application…
US Energy Secretary Chris Wright, a formerfrackingexecutive, was accused on Tuesday of manipulating global markets after he posted a striking claim onsocial media. The American Navy, he wrote, had “successfully escorted anoiltanker through the Strait of Hormuz to ensure oil remains flowing.” The post on X was deleted minutes later, after “oil prices slid at…
