TRADE WARS - SATURN DAILY

Maldives vows China-backed building boom, Indians out

Apr 23, 2024 (AFP)

He thanked voters for the landslide victory by his People's National Congress, which promised a boom in building apartments, bridges and new airports with Chine...

EU parliament votes forced labour ban with China in its sights

Apr 23, 2024 (AFP)

The law does not directly mention China, but many lawmakers hope it will be used to block imports from China involving the region where the Uyghur Muslim minori...

EU lawmakers greenlight new rules to rein in national spending

Apr 23, 2024 (AFP)

Brussels spent two years negotiating an overhaul of its budget rules that pitted fiscally hawkish states against the bloc's most indebted nations. A majority of...

Markets up ahead of US data and earnings, London hits fresh record

Apr 23, 2024 (AFP)

The apparent easing of Iran-Israel tensions after the rivals launched missile attacks against each other continued to weigh on oil prices, while the yen inched ...

Markets bounce as MidEast fears ease, US inflation in view

Apr 22, 2024 (AFP)

With Iran downplaying Israel's reported attack on the country, which came days after a drone and missile strike by Tehran, tensions between the regional rivals ...

Slovenia's umbrella doctor weathers the economic storm

Apr 21, 2024 (AFP)

"Everything can be repaired! I believe I can repair 98 percent of all the umbrellas I get," the 56-year-old laughs, waving around a 50-year-old model to demonst...

Splashy Saudi mega-project NEOM chases Chinese funds

Apr 21, 2024 (AFP)

The roadshow for NEOM, brainchild of de facto ruler Crown Prince Mohammed bin Salman, travelled from Beijing to Shanghai to Hong Kong, where for two days would-...

Hong Kong regulator to investigate PwC auditing of Evergrande

Apr 20, 2024 (AFP)

Heavily indebted Evergrande has become a symbol of the years-long crisis in China's property market, and last month its onshore unit was accused of a $78 billio...

Oil surges, equities sink as Iran blasts fan MidEast escalation fears

Apr 19, 2024 (AFP)

The reports followed another batch of data indicating the US economy remained in rude health and compounded concerns that the Federal Reserve will hold off cutt...

EU seeks to take on China, US to reverse economic decline

Apr 18, 2024 (AFP)

From supply chain disruptions following the coronavirus pandemic to an energy crisis after Russia's invasion of Ukraine, Europe's economy has faced multiple cha...

At G7, Blinken seeks European support for pressure on China

Apr 18, 2024 (AFP)

The Americans hope in particular that European nations will pressure China to reduce military support for Russia, at a time when, according to Washington, Russi...

Markets rise as traders consider US rate outlook

Apr 18, 2024 (AFP)

Oil edged up after the previous day's losses, which were fuelled by data indicating softer demand in the United States and fading fears of a regional war in the...

Family affair: Two more Arnault sons join LVMH board

Apr 18, 2024 (AFP)

The pair joined their elder siblings on the board of directors of the company, which houses brands such as Dior and Louis Vuitton, meaning four of Bernard Arnau...

L'Oreal sales up despite 'sluggish' China beauty market

Apr 18, 2024 (AFP)

Sales in the first three months of the year climbed by 8.3 percent to 11.24 billion euros (around $12 billion), despite its North Asia market falling by almost ...

China central bank's ex-deputy accused of taking bribes

Apr 18, 2024 (AFP)

Fan Yifei first came under investigation in November 2022 for "suspected violations of discipline and law", a term typically used in cases of alleged graft. Chi...

Biden denies China trade war on trip to US steel heartland

Apr 17, 2024 (AFP)

Biden was unveiling the latest in a series of protectionist measures in a campaign speech to United Steelworkers union in Pittsburgh, on the second day of a thr...

China says US shipbuilding probe 'full of false accusations'

Apr 17, 2024 (AFP)

The US Trade Representative (USTR) announced earlier that it was launching the investigation in response to a recent petition by five US unions. China's commerc...

Stocks mixed after selloff as Fed, Middle East dampen sentiment

Apr 17, 2024 (AFP)

While traders are nervously awaiting Israel's next move after Iran's missile and drone attack at the weekend, the lack of an immediate response has seen them fo...

China posts forecast-beating 5.3% growth in first quarter

Apr 16, 2024 (AFP)

For January-March, gross domestic product (GDP) reached 29.6 trillion yuan ($4 trillion) -- an increase of 5.3 percent, compared with 5.2 in the previous quarte...

Chinese economy beats growth expectations in first quarter

Apr 16, 2024 (AFP)

Beijing has set a goal of around five percent for 2024, which officials have already admitted will "not be easy" and which analysts said was ambitious given the...