China

Stock market today: Dow, S&P 500, Nasdaq rally on trade optimism as Trump says ‘buy stock now’

May 12, 2025

US stocks climbed on Thursday after President Trump unveiled a US-UK trade deal and signaled optimism for upcoming China talks, boosting spirits that the tide in the global trade war has turned. The tech-heavy Nasdaq Composite (^IXIC) rose roughly 1%. The S&P 500 (^GSPC) climbed around 0.6%, while the Dow Jones Industrial Average (^DJI) also […]

Controversial military personnel nominee faces Senate panel this week

May 12, 2025

Senate lawmakers on Tuesday will consider the controversial nomination of retired Army Brig. Gen. Anthony Tata to oversee military personnel policies, a key leadership post which has been open through the first 100 days of President Donald Trump’s second term in office. Tata was originally nominated for the Under Secretary of Defense for Personnel and […]

US-UK trade deal: How good is Trump’s deal for America?

May 12, 2025

The Trump administration, which has seen markets panic at its tariff announcements, was eager to sell the announcement as significant, describing it as a "breakthrough". In the UK, Sir Keir Starmer, who also has incentive to want to be seen as a solid negotiator, called it "historic", while noting there was more work to be […]

China, America, And India Compete Over Gulf Energy

May 12, 2025

The Yemeni Houthis' attacks on shipping in the Middle East have not only triggered an international … More supply chain crunch, but also raised questions about China's role and immunity. Getty Images President Donald J. Trump will set off on a trip to the Middle East to try to do what Biden could not: corral […]

Trump Says He’s Willing to Lower China Tariffs at Some Point

May 12, 2025

(Bloomberg) — Supply Lines is a daily newsletter that tracks global trade. Sign up here. Most Read from Bloomberg President Donald Trump said he is willing to lower tariffs on China at some point because the levies now are so high that the world’s two largest economies have essentially stopped doing business with each other. […]

New CIA videos encourage Chinese citizens to spy for US: ‘Find peace’

May 12, 2025

Yahoo is using AI to generate takeaways from this article. This means the info may not always match what's in the article. Reporting mistakes helps us improve the experience. Yahoo is using AI to generate takeaways from this article. This means the info may not always match what's in the article. Reporting mistakes helps us […]

Canada to build small modular nuclear reactor, first within G-7

May 12, 2025

BNN Bloomberg is Canada’s definitive source for business news dedicated exclusively to helping Canadians invest and build their businesses. Canada approved a $20.9 billion (US$15.1 billion) plan to build a new, smaller kind of nuclear power plant, providing a significant shot in the arm for the nascent industry. Ontario Power Generation Inc. won approval to […]

Stocks jump in Japan, Taiwan on trade optimism; bitcoin soars

May 12, 2025

Men stand in front of an electronic stock quotation board inside a builidng in Tokyo, Japan April 8, 2025. REUTERS/Issei Kato/File Photo Purchase Licensing Rights , opens new tab Summary U.S. deal with UK is first since Trump's tariff pause U.S. officials to meet with Chinese negotiators on Saturday Bitcoin leaps to highest since January; […]

Trump’s tariffs deal a blow to the bottom line of US companies

May 12, 2025

U.S. President Donald Trump is presenting the trade war as a way to protect American industry from foreign competition. The tariffs, however, are directly affecting his own companies’ bottom lines. Dozens of major businesses across multiple sectors have warned in their first-quarter earnings reports of the impact they will suffer from Trump’s new trade policy. […]

How Donald Trump’s tariffs threaten Canadians’ access to prescription drugs

May 12, 2025

If the United States imposes 25 per cent tariffs on exports from Canada, nearly all economists agree a recession is inevitable. Estimates are that between 600,000 to 2.4 million jobs are at risk. Based on previous recessions, the unemployment rate could rise to 10 per cent and stay stuck at that level for some time. […]