A US federal court has blocked President Donald Trump’s sweeping tariffs, in a major blow to a key part of his economic policies. The Court of International Trade ruled that an emergency law invoked by the White House does not give the president unilateral authority to impose tariffs on nearly every country. The Manhattan-based court […]
China has sent back planes it ordered from the US in its latest retaliation over Trump tariffs, the boss of aircraft maker Boeing has said. Kelly Ortberg said two planes had already been returned, and another would follow after trade tensions between the two countries escalated. Boeing’s chief executive told CNBC that 50 more planes […]
Gold has jumped to a fresh high as investors fret over the impact of the trade war between the US and China. Spot gold touched $3,357.40 (£2,540) per ounce on Wednesday, before dipping from its peak. It has risen by around a third since the start of the year. The rise follows comments by the […]
Chinese billionaire banker Bao Fan, who has been missing for almost a year, has resigned from his financial firm, China Renaissance Holdings Ltd. He stepped down “for health reasons and to spend more time on his family affairs,” the bank said in a statement. Mr Bao’s unexplained disappearance in February last year shocked China’s business and investing […]
Apple is offering rare discounts on its iPhones in China, cutting retail prices by as much as 500 yuan ($70) amid growing competitive pressure in the world’s biggest smartphone market. The U.S. tech giant cut prices of some iPhones by 5%, its Chinese website showed on Monday. The time-limited promotion, branded as a Lunar New […]
Chinese authorities have expressed their commitment to support Ghana to resolve the current short-term liquidity challenges. China will also continue to support Ghana’s medium and long-term developmental aspirations. “China believes in promoting debt sustainability and sustainable development,” the Chinese Minister of Finance, Liu Kun, said. He gave the assurance when the Minister of Finance, Ken […]
China’s population has fallen for the first time in 60 years, with the national birth rate hitting a record low – 6.77 births per 1,000 people. The population in 2022 – 1.4118 billion – fell by 850,000 from 2021. China’s birth rate has been declining for years, prompting a slew of policies to slow the […]
Ghana midfielder Mubarak Wakaso finally left Accra on Thursday to begin his career with Jiangsu Suning six months after he was supposed to have joined the Chinese Super League side. The Chinese billionaire got their private jet and a special permission from the Ghanaian authorities to allow the midfielder to fly to start playing for […]
China’s Ambassador to Israel, Du Wei, has been found dead in his apartment north of Tel Aviv, an Israeli official told BBC News. The official said Israeli police had launched an investigation but initial findings suggested no foul play. Mr Du, 57, was only appointed ambassador in February having previously served as envoy to Ukraine. […]
Nigeria’s anti-corruption agency, the Economic and Financial Crimes Commission (EFCC), has arrested two Chinese nationals for allegedly offering a $250,000 bribe in local currency to one of its senior officials. Meng Wei Kun and Xu Koi were arrested on Tuesday inside in their office in the northern city of Sokoto as they gave the money […]
China has rejected calls for an independent international investigation into the origin of the coronavirus. A top diplomat in the UK, Chen Wen told the BBC the demands were politically motivated and would divert China’s attention from fighting the pandemic. Information about the origin of Covid-19 and how it initially spread could help countries tackle […]
Germany has sparked outrage in China after a major newspaper put together a £130bn invoice that Beijing “owes” Berlin following the impact of the coronavirus pandemic. Germany has followed France, the UK and the US in directing its coronavirus anger at China, where the virus originated. Recent attacks come amid findings that Beijing appeared to […]
