News

LVMH shares slump after luxury giant's Q1 sales miss forecast
LVMH shares sank on Tuesday after the world's largest luxury group posted first quarter revenue that undershot expectations as U.S. shoppers curtailed the purchase of beauty products and cognac while ...
Trump administration freezes about $2.3 billion in funding to Harvard
The U.S. Department of Education said on Monday it was freezing about $2.3 billion in federal funds to Harvard University ...
Exclusive: Nissan to cut Japanese production of top-selling US model due to tariffs, source says
Nissan will cut Japanese production of its top-selling U.S. model, the Rogue SUV, over May-July, said a person familiar with the matter, becoming the latest global automaker to alter manufacturing ...
China's murky bankruptcies expose hazards for foreign investors
One of China's top officials overseeing Hong Kong affairs, Xia Baolong, said on Tuesday that the United States' tariff war was "extremely shameless" and aims to "take away Hong Kong's life".
Another Columbia student arrested by US immigration officials
A U.S. judge in Vermont on Monday ordered the Trump administration not to deport a Columbia University student and ...
South Korea unveils $23 billion support package for chips amid US tariff uncertainty
South Korea announced on Tuesday an increase in its support package for the country's vital semiconductor industry to 33 ...
Russia jails soldier for 15 years for voluntarily surrendering to Ukraine, Kommersant reports
A Russian military court on Tuesday jailed a soldier for 15 years after convicting him of desertion and voluntary surrender to Ukraine, Russia's first such prosecution, the Kommersant newspaper ...
Italian teen set to be first millennial saint was 'ordinary child', says mother
Carlo Acutis, a British-born Italian boy who built websites to spread his faith, will be proclaimed the Catholic Church's first saint of the millennial generation this month, elevating him to the same ...
Banks vote to loosen climate coalition membership rules
The world's leading bank coalition looking to help tackle climate change has voted to ditch some of its more stringent membership rules to better reflect the slow pace of change in the real economy, ...
Australia asks Indonesia about Russian request to base aircraft in Papua
Australia's Prime Minister Anthony Albanese said his government has asked Indonesia about a report in defence publication Janes that Russia has requested basing military aircraft in Papua, as the ...
European shares rise after Trump touts auto-related tariff break, LVMH slumps
European shares edged higher on Tuesday as investors digested fast-changing U.S. tariff plans, while LVMH slumped after disappointing first-quarter revenue from the world's largest luxury group ...
At China's largest trade fair, exporters say US markets are 'frozen'
Candice Li says that after Washington raised tariffs on Chinese goods by 145%, U.S. orders for the medical devices her firm is making have vanished.