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Global markets were rocked after US President Donald Trump escalated his trade offensive with a sweeping set of new tariffs. The move raised levies on Chinese imports from 20% to a staggering 54%, with Japan and South Korea slapped with 24% ...

As the US-China rivalry intensifies, Malaysia sees a unique opportunity to establish itself as a major hub in artificial intelligence (AI) and semiconductors. Austrian tech firm AT&S recently invested $1.8 billion in its new plant in Kulim, Malaysia. Opened in ...

Europe is gearing up to counter a major wave of tariffs from the United States, promising robust retaliation if necessary. With U.S. President Donald Trump poised to unveil sweeping tariffs on steel, aluminum, and cars on April 2—a day he's ...

The odds of a US recession have jumped as President Trump’s trade war heats up, according to Goldman Sachs. The bank now sees a 35% chance of a downturn within a year—up sharply from its earlier prediction of 20%. Goldman also ...

Copper prices surged to an all-time high this week, with futures in New York touching $5.374 per pound before settling at $5.24—a record close.The 30% rise in copper prices since the start of the year has outpaced gold’s 16% gain ...

Germany has responded sharply to the United States’ planned 25% tariff on imported passenger cars and light commercial vehicles, warning that the move could disrupt global trade and damage key economic sectors on both sides of the Atlantic. Set to take ...

The UK government is set to announce fresh spending cuts in Wednesday’s Spring Statement as Chancellor Rachel Reeves grapples with rising borrowing costs, weakening growth, and a shrinking fiscal buffer. Since the Autumn Budget, bond yields have risen by 20–40 basis ...

Chinese EV heavyweight BYD has outpaced Tesla with a remarkable annual revenue of $107 billion in 2024, achieving a significant 29% growth over the previous year. This surge comes from BYD’s impressive delivery volume of 4.27 million vehicles, which includes fully ...

German software heavyweight SAP has just claimed the crown as Europe’s most valuable publicly traded company, surpassing Danish pharmaceutical giant Novo Nordisk. SAP's share price increased over 1% during morning trading in Frankfurt, further boosting its impressive 40% growth over the ...

Global sportswear brand Nike is bracing for a challenging fourth quarter, projecting a sales drop in the mid-teens percentage range, far worse than Wall Street’s forecast of an 11.4% decline. The sports apparel giant also expects its gross margin to shrink ...

The Bank of England (BOE) has maintained its benchmark interest rate at 4.5%, a decision widely expected by market observers. However, the central bank issued a cautious warning about intensifying global trade uncertainties, driven largely by ongoing tariff disputes, notably between ...

Tencent posted a strong fourth-quarter performance, with profits surging 90%, driven by growth in gaming and advertising revenue. Domestic games revenue in China jumped 23% year-on-year to 33.2 billion yuan, fueled by a low base from the previous year and ...

The global rubber market is heading for another year of tight supply in 2025, with natural rubber production expected to rise only 0.3%, while demand is forecast to grow 1.8%, according to the Association of Natural Rubber Producing Countries (ANRPC). ...

Gold prices surged past $3,000 an ounce for the first time on Friday, hitting a record $3,005 before settling just below the milestone. The spike reflects rising demand for safe-haven assets as global uncertainty intensifies, driven by escalating trade tensions ...

BMW reported a significant 37% drop in annual net profit due to sluggish demand in China and growing tariff-related challenges. Net profit fell sharply year-over-year, sending the figure down from its previous levels, as annual earnings margins for cars shrank to ...