BUSINESS

China and the United States -- the world's two largest economies -- are engaged in a mounting tit-for-tat trade row that has sparked global recession fears and rattled markets

IMF Slashes China Growth Forecasts As Trade War Deepens

The IMF said Tuesday it now believed China's economy will only grow by four percent this year, well below Beijing's official target as it fights a mounting trade war with the United States that threatens to hammer the global economy.
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Donald Trump's attacks on Jerome Powell have fanned fears about the independence of the Federal Reserve

Gold Hits Record, Stocks Slip As Trump Fuels Fed Fears

Bullion hit another record Tuesday while the dollar steadied and equities mostly fell as Donald Trump's latest salvo against Federal Reserve boss Jerome Powell added fuel to fears about the central bank's independence.
Chinese battery giant CATL has launched a new sodium-ion battery it says will "restructure" the EV industry

China's CATL Launches New EV Sodium Battery

Chinese battery giant CATL launched on Monday a new sodium-ion battery it says will restructure the electric car industry, and a new system to combine two battery technologies into one car.
Pope Francis created the first pontifical Instagram account

Francis, A Pope For The Internet Age

As an at-times unwitting star on social media, Pope Francis knew how to exploit the internet to preach the gospel, broadening the Church's appeal while modernising its communications.
Klaus Schwab was the driving force behind the World Economic Forum becoming an annual gathering of the world's rich and powerful

Davos Meet Founder Klaus Schwab Steps Down From WEF Board

The World Economic Forum said on Monday that its founder Klaus Schwab has stepped down from the board, turning a page in the history of the organisation that hosts the annual meeting of wealthy, famous and influential global elites at the luxury Swiss ski resort of Davos.
Tony Gilroy at the Hollywood launch event for the second season of "Andor"

Star Wars Series 'Andor' Back For Final Season

If "Andor" -- which returns from Tuesday for its second and final season -- has been received as one of the very best "Star Wars" TV series, that is largely thanks to the grittier, more adult approach taken by its creator Tony Gilroy.
Analysts say US chipmakers like Nvidia, whose CEO Jensen Huang is seen here, will face intensified competition from China and other countries due to new constraints imposed by the US government on chip sales to China

Analysts Warn US Could Be Handing Chip Market To China

As the Trump administration attempts to choke off exports of strategically important computer chips to China, experts say the effort might well backfire, fueling innovation at Chinese firms that could help them seize the world semiconductor market.
Infographic showing the change in US 10-year Treasury yield since Donald Trump's inauguration on January 20, 2025

Trump Goes To War With The Fed

Donald Trump's simmering discontent with the US Federal Reserve boiled over this week, with the president threatening to take the unprecedented step of ousting the head of the fiercely independent central bank.
Visitors donned their best 'Star Wars' costumes for the Celebration event in suburban Tokyo

Ryan Gosling To Star In New 'Star Wars' Film

After his scene-stealing turn as Ken in the 2023 blockbuster hit "Barbie," Oscar-nominated actor Ryan Gosling is taking on another huge pop culture franchise: the "Star Wars" universe.

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