Showing 1 - 10 of 104,469
Moody’s sees key risk to Malaysia credit rating from tariffs
Published on 06/05/2025
» Tariff shocks pose a major threat to Malaysia’s sovereign credit rating, given the potential disruption to economic growth and fiscal consolidation, according to Moody’s Investors Service.
Ford sees $1.5 billion tariff hit this year, suspends 2025 forecast
AFP, Published on 06/05/2025
» NEW YORK — Ford reported a 65% drop in first-quarter profits Monday, citing a near-term drag on auto sales from new vehicle launches, as it withdrew its forecast amid tariff uncertainty.
'Makes no sense': Hollywood shocked by Trump's film tariffs announcement
AFP, Published on 06/05/2025
» LOS ANGELES - Hollywood reacted on Monday with skepticism to US President Donald Trump's announcement of 100% tariffs on foreign films, with movie insiders calling it a policy made up on the fly by a president who fails to understand how the industry works.
Trump praises Fed chair Powell, vows not to remove him
Business, Published on 06/05/2025
» WASHINGTON - US President Donald Trump said he will not remove Jerome Powell as Federal Reserve Board chairman before his term ends in May 2026 while describing the central banker as "a total stiff" and repeating calls for the Fed to lower interest rates.
Tourism officials wary of Vietnam
Business, Molpasorn Shoowong, Published on 06/05/2025
» Tourism operators fear Thailand will lose its position as the top Southeast Asian destination to Vietnam in a few years as the latter reported nearly 50% inbound market growth in March compared with the pre-pandemic period, while Thailand struggles with sluggish growth.
US tariffs to batter Thai steel industry
Business, Lamonphet Apisitniran, Published on 06/05/2025
» US President Donald Trump's tariffs are expected to deal a blow to the steel market, which is likely to see a decline in steel consumption, says the EAF Long Product Steel Producers Association.
Asian equities win in US recession
News, Published on 06/05/2025
» If a recession materialises in the United States this year, the relative performance of US and Asian equities will likely be quite different from what investors have seen in past decades. Indeed, the latter may be the "risk-off" trade this time around.
France, EU take aim at Trump's assault on science, seek to lure US researchers
AFP, Published on 05/05/2025
» PARIS - French President Emmanuel Macron and European Commission head Ursula von der Leyen took aim at Donald Trump's policies on science on Monday, as the European Union seeks to encourage disgruntled US researchers to relocate to Europe.
Catholic Church's direction in the balance as conclave looms
AFP, Published on 05/05/2025
» VATICAN CITY - Catholic cardinals will enter into conclave this week to choose a new pope, with the Church's 1.4 billion members holding their breath over an uncertain outcome.
US lawmaker targets Nvidia chip smuggling to China with new bill
Published on 05/05/2025
» SAN FRANCISCO - A US lawmaker plans to introduce legislation in coming weeks to verify the location of artificial-intelligence chips like those made by Nvidia after they are sold. The effort to keep tabs on the chips, which drew bipartisan support from US lawmakers, aims to address reports of widespread smuggling of Nvidia's chips into China in violation of US export control laws. Nvidia's chips are a critical ingredient for creating AI systems such as chatbots, image generators and more specialised ones that can help craft biological weapons. Both President Donald Trump and his predecessor, Joe Biden, have implemented progressively tighter export controls of Nvidia's chips to China. But Reuters and other news organisations have documented how some of those chips have continued to flow into China, and Nvidia has publicly claimed it cannot track its products after they are sold.