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Beijing set an ambitious annual growth target of around five percent on Wednesday, vowing to make domestic demand its main economic driver as an escalating trade war with the United States hit exports

China Vows To Fight US Trade War 'To The End'

China vowed to fight a trade war with the United States "to the end" on Thursday, as tariffs from Washington buffeted the global economy and threatened to hit Beijing's lagging growth.
AFP news Mar 06, 2025
Alibaba and other tech giants have enjoyed a revival in recent months, after being hit by a long-running government crackdown

China's Alibaba To Invest $50 Bn In AI, Cloud Computing

Chinese tech giant Alibaba said Monday it will spend more than $50 billion on artificial intelligence and cloud computing over the next three years, a week after co-founder Jack Ma was seen meeting President Xi Jinping.
AFP news Feb 24, 2025
The return of the iconic Renault 5 as an electric car is bringing customers into dealerships and having a 'halo effect' on sales of other models, the company says

Renault Revs Up Profitability In 2024

Renault confirmed on Thursday it defied headwinds in the car industry by boosting revenue and attaining record profitability in 2024 thanks to the success of its new line up of vehicles, although net profit sank as it scaled back its partnership with Nissan.
AFP news Feb 20, 2025
Experts have warned it is often Americans who end up paying the cost of tariffs on imports

Trump Says US Auto Tariffs To Be Around 25%

US President Donald Trump expanded his offensive against trading partners on Tuesday, threatening 25 percent tariffs on imported cars, and similar or higher duties on pharmaceuticals and semiconductors.
AFP news Feb 19, 2025
UK annual inflation jumped more than expected in January

UK Annual Inflation Jumps More Than Expected

Britain's annual inflation rate rose more than expected last month, official data showed Wednesday, adding pressure to the Labour government which is also facing sluggish economic growth.
AFP news Feb 19, 2025
HSBC's share price has risen to an 11-year high in Hong Kong

HSBC Targets $1.5 Bn In Annual Cost Savings After Revamp

Banking giant HSBC said Wednesday that CEO Georges Elhedery's plan since October to simplify the company's structure and geographic setup will yield $1.5 billion in annual cost savings by the end of 2026.
AFP news Feb 19, 2025
Donald Trump warned he will impose 25 percent tariffs on imported cars

Asian Markets Swing As Traders Assess Latest Tariffs Volley

Asian markets were mixed Wednesday after President Donald Trump broadened his tariff threats, while traders were also assessing the geopolitical outlook after the first high-level official US-Russia talks since the invasion of Ukraine.
AFP news Feb 19, 2025
A truck prepares to enter the United States at a border crossing in Blackpool, Canada, a country which has vowed to hit back if Washington goes ahead with 25 percent tariffs on Canadian imports

US Tariffs Threat A 'Shock' To Canadian Businesses

Donald Trump's threats of import tariffs have sent shockwaves through Canada, forcing businesses to question their dependence on the United States -- a reassessment that is creating headaches for many sectors.
AFP news Feb 19, 2025
Digital giants like Meta have recently muscled in to the world of subsea cables

Meta Plans Undersea Cable To Link Five Continents

Facebook and Instagram parent company Meta has said it will lay an undersea cable stretching across five continents to carry data, including for developing artificial intelligence.
AFP news Feb 18, 2025
While India's electric car market is small, it still represents a growth opportunity for Tesla which is battling increased Chinese competition

Tesla Begins Hiring In India After Musk And Modi Meet

Electric vehicle maker Tesla has begun hiring in India, with the company of tycoon Elon Musk issuing advertisements days after US President Donald Trump's right-hand man met with India's premier.
AFP news Feb 18, 2025
Alibaba led a rally in tech firms in Hong Kong

Asian Markets Mixed As Traders Pare Hong Kong Tech Rally

Asian markets were mixed Tuesday with Hong Kong resuming its tech-led rally after a meeting between President Xi Jinping and China's top business leaders fanned hopes that a long-running crackdown on the private sector is coming to an end.
AFP news Feb 18, 2025

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