As President Donald Trump intensifies his trade war to stack up tariffs on many Asian countries that produce the goods that consumers in the U.S. rely on, low-cost Asian retail upstarts Temu and Shein may yet find a way back to big success in the U.S. market. The Asian rivals to Amazon were directly targeted…
This photo taken on Nov. 24, 2022 shows the building of Bank of Korea BOK in Seoul, South Korea. South Korea’s central bank on Thursday raised its policy rate to curb inflation, delivering six back-to-back rate hikes for the first time. (Photo by Wang Yiliang/Xinhua via Getty Images) Wang Yiliang | Xinhua News Agency |…
An undated photo of a signage at Singapore state investor Temasek Holdings’ headquarters in the Southeast Asian city-state. Bryan van der Beek | Bloomberg | Getty Images Singapore state investment company Temasek Holdings’ net portfolio value soared to a record high of 434 billion Singapore dollars ($324 billion) for its financial year ended March. That’s…
WASHINGTON, DC – JULY 7: An aide picks up a page from a letter to Japan and South Korea, signed by U.S. President Donald Trump, announcing 25% tariffs beginning on August 1st, during the daily press briefing in the Brady Press Briefing Room at the White House on July 7, 2025 in Washington, DC. Andrew…
Customers shop at a supermarket in Qingzhou City, East China’s Shandong Province, Aug 9, 2023. Costfoto | Nurphoto | Getty Images China’s producer prices plunged 3.6% in June from a year earlier, marking its largest decline in nearly two years, as a deepening price war rippled through the economy that’s already grappling with weakening consumer…
Shigeru Ishiba, Japan’s prime minister, speaks during a news conference at the prime minister’s official residence in Tokyo, Japan, on Monday, Nov. 11, 2024. Kiyoshi Ota | Via Reuters U.S. President Donald Trump’s tariff letters that threaten steep duties on several countries, including key allies, have led to “shock” and “regret” even as nations expressed…
The evening skyline in Victoria, Australia. Prasit Photo | Moment | Getty Images Australia’s central bank held its policy rate at 3.85%, saying it needed more time to assess inflation data. Economists polled by Reuters had been expecting a cut of 25 basis points to 3.6%. In its statement Tuesday, the Reserve Bank of Australia…
Latest wage data highlights that inflation could be taking a substantial bite out of incomes in Japan, despite incomes in the country rising. Source link
Tesla CEO Elon Musk and U.S. President Donald Trump at the Oval Office of the White House on May 30, 2025. Kevin Dietsch | Getty Images U.S. President Donald Trump lashed out against Elon Musk after he formed a new political party, calling the move “ridiculous,” and saying the tech billionaire had gone “completely off…
President of the United States Donald J. Trump delivers remarks to a crowd at an America250 rally in Des Moines, Iowa, United States, on July 3, 2025. Kyle Mazza | Anadolu | Getty Images U.S. President Donald Trump announced that an additional 10% tariff will be charged to countries “aligning themselves with the anti-American policies…
