Shares of French food giant Danone climbed sharply on Monday after the company posted stronger-than-expected second-quarter sales, buoyed by a resurgence in demand across China and steady performance in its core nutrition and dairy segments. The company reported a 6.4% increase in like-for-like sales for the April–June period, outpacing analysts’ average estimates of around 5.1%. […]
The United States quietly postponed a high-level meeting with Taiwanese officials earlier this month as it prepared to re-enter sensitive trade negotiations with China, the Financial Times has reported, signaling a cautious recalibration in Washington’s approach to the two rival powers. According to sources cited by the FT, the Biden administration opted to delay the […]
German automaker Mercedes-Benz has revised its full-year profit margin forecast downward, citing growing cost pressures from newly imposed U.S. tariffs the latest sign that transatlantic trade tensions are beginning to bite into Europe’s industrial giants. The luxury carmaker, which had previously targeted an adjusted return on sales between 9% and 11% for its core auto […]
China’s troubled real estate giant, China Evergrande Group, is once again in the spotlight as it stares down the barrel of delisting from the Hong Kong Stock Exchange a move that signals deeper turbulence for the country’s ailing property sector. The company, once the world’s most indebted property developer, has struggled to restructure its liabilities […]
The official draw, held Tuesday at the AFC House in Kuala Lumpur, placed China and North Korea in Group B, alongside Thailand and Uzbekistan. The draw immediately set off buzz across Asia, with fans and analysts eyeing the China–North Korea clash as a potential early decider in the race for group dominance. “This is a […]
Speaking at a press briefing on Tuesday, Raimondo revealed that Trump’s team is actively working behind the scenes to finalize a set of trade frameworks that could be unveiled in early August. While she declined to specify which countries are involved, she confirmed that high-level talks with the EU and China remain ongoing. “The former […]
Speaking during a campaign stop in Michigan on Monday, Trump dismissed speculation that he was actively seeking a face-to-face meeting with Xi, saying “there’s no summit planned, and I’m not looking for one right now.” However, he added that he might consider traveling to China “at the appropriate time,” emphasizing the importance of keeping diplomatic […]
European equities opened cautiously, with the STOXX 600 wavering between gains and losses after data showed rising import costs linked to recently imposed tariffs between the European Union, the United States, and China. Sectors heavily exposed to global trade particularly autos, manufacturing, and consumer goods bore the brunt of investor anxiety. The euro dipped to […]
In its latest World Economic Outlook update released Tuesday, the IMF raised the collective GDP growth forecast for emerging market and developing economies to 4.2% in 2025, up from the previous estimate of 4.1%. The revision comes amid signs of economic stabilization and policy support in China, the world’s second-largest economy, which plays an outsized […]
U.S. Central Command (CENTCOM) announced on Thursday that it has killed a senior Islamic State (ISIS) operative in a targeted strike in Syria’s Aleppo province, dealing a significant blow to the terror group’s remaining leadership in the region. In a statement released early Friday morning, CENTCOM confirmed that a precision drone strike on July 24 […]
