WORLD
Trump weighs measures to bring farm workers back to US legally
Foreign-born workers comprise nearly 20% of the US labor force, compared with about 17% prior to the pandemic, according to Bureau of Labor Statistics data
BUSINESS
Why Trump’s dream of made-in-the-USA iPhones isn’t going to happen
Apple is unlikely to move iPhone production to the US in the foreseeable future for a variety of reasons, including the shortage of facilities and labor needed to produce the devices
MARKETS
Chinese stocks end three-day winning run as US tariffs hit 145%
A key gauge of Hong Kong-listed Chinese stocks dropped as much as 0.9% in early Friday trade, while the onshore CSI 300 Index shed 0.6%
WORLD
Asia on course for 3rd straight weekly fall as China, Japan stocks tumble on tariff woes
A gauge of Asian stocks is on track for its third consecutive week of decline as market relief turned to angst after the White House clarified US tariffs on China rose to 145%
WORLD
Scott Bessent emerges as Wall Street man-of-the-hour trade negotiator
The former hedge fund manager has vaulted to the front of the line in President Donald Trump’s list of advisers in recent days
BUSINESS
Gold climbs to $3,200 for first time as recession anxiety mounts
Bullion gained as much as 1.3% in early Asian trading on Friday
WORLD
Wall Street plummets as tariff-war woes fuel exodus from US assets
The S&P 500 Index ended the day down 3.5% as investors seized on Wednesday’s historic rebound to sell
BUSINESS
Byju’s US lenders sue founder, wife, top aide over missing cash
Two US bankruptcy judges have largely sided with the lenders, finding recently that Raveendran’s brother and the company, Think & Learn, better known simply as Byju’s, violated their fiduciary duties by wrongly transferring $533 million away from creditors.
WORLD
China to reduce import of Hollywood films as Donald Trump hikes tariffs
The countermeasure was previously floated by two influential Chinese bloggers, who on Tuesday posted an identical set of steps they said authorities were mulling to hit back at Trump’s earlier tariff threats.
WORLD
EU to put counter tariffs against US on hold for 90 days as Trump announces pause
The EU will move forward with the tariffs that would hit around €21 billion ($23.2 billion) of US goods and then immediately suspend them when they take effect, according to people familiar with the matter, who spoke on the condition of anonymity.
WORLD
Asean deeply concerned by US tariffs, wants good China ties
Trump escalated duties on Asia’s largest economy to 125% with effect from Thursday, with Beijing reciprocating with an 84% tariff on all imports from the US.
WORLD
European stocks surge most since 2020; gold gains
The Stoxx 600 rose more than 7% at open, the biggest intraday gain since 2020, and Asian stocks advanced
TECHNOLOGY
Can AI models run without expensive chips? This Indian startup may have found a way
AI startup Ziroh Labs' framework, called Kompact AI, was developed in partnership with the Indian Institute of Technology, Madras
WORLD
Trump isolates China with tariff pivot, setting up Xi showdown
US tariffs on Chinese imports rose to a record 125% Thursday noon China time while those on dozens of countries were paused
WORLD
Wary Asian officials seek to ensure Trump tariff reprieve sticks
Some — like Vietnam that had been facing a 46% levy, and Japan with a 24% surtax — pressed ahead with efforts to ensure the reprieve becomes permanent for their economies.
WORLD
‘Is it real?!’ How NYSE trading floor reacted after Trump's tariff pause
Wall Street had been practically begging for the reprieve, which is scheduled to last 90 days
BUSINESS
Chinese shares climb for third day as investors bet on stimulus
A key gauge of Hong Kong-listed Chinese shares gained as much as 3% in early Thursday trading, while the onshore benchmark CSI 300 Index added 1.7%.
WORLD
Billionaires score best-ever day as stocks soar on tariff pause
The S&P 500 Index jumped the most since 2008 following Trump’s mid-day announcement, reversing steep losses over the past few days
WORLD
Asian stocks join relief rally on Trump's 90-day tariff pause, treasuries gain
Indexes across the region advanced Thursday and equity-index futures for Europe surged more than 9% after the S&P 500 rallied 9.5% Wednesday
WORLD
Treasuries ‘fire sale’ sends long-term yields soaring worldwide
While the selling eased into the European trading day, speculation continued to swirl about the reasons investors were turning their backs on US sovereign debt.
BUSINESS
Amazon cancels some inventory orders from China after tariffs
The timing of the cancellations, which had no warning, led the vendors to suspect it was a response to tariffs.
WORLD
Jamie Dimon says recession is the 'likely outcome’ of tariff upheaval
In his annual shareholder letter released Monday, Dimon urged a quick resolution to uncertainties tied to the tariffs 'because some of the negative effects increase cumulatively over time and would be hard to reverse'
WORLD
EU adopts tariffs on €21 billion of US goods in metals dispute
The tariffs will target politically sensitive American states and include products such as soybeans from Louisiana, home to House Speaker Mike Johnson, as well as diamonds, agricultural products, poultry and motorcycles.
WORLD
Treasuries ‘fire sale’ sends long-term yields soaring worldwide
The yield on 30-year Treasuries surged as much as 25 basis points to a level unseen since November 2023
