Arnault says he hopes tensions with China on luxury quiet down
Billionaire Bernard Arnault said he hopes a planned visit to France next month by China’s Xi Jinping will help smooth trade relations between Paris and…
Swiss watch exports plunge as China and Hong Kong demand dries up
Monthly Swiss watch exports suffered their biggest decline since 2020 as demand for premium and luxury timepieces in key markets including China and Hong Kong…
U.S. Cargo and Passenger Airlines Gained 760 Jobs in February 2024; Employment Remains 5.7% Above Pre-Pandemic February 2020
U.S. airline industry (passenger and cargo airlines combined) employment increased to 796,203 workers in February 2024, 760 (0.10%) more workers than in January 2024 (795,554)…
China vows to act after US calls for tariffs on steel products
China slammed a US plan to impose new restrictions on its steel and aluminum products, saying it will take action to protect the country’s interests.
S&P 500 suffers its longest slide since January: Markets Wrap
The stock market saw its longest losing streak since January as a handful of big techs sold off — despite a slide in bond yields.
Yellen fully expects fresh sanctions on Iran in coming days
US Treasury Secretary Janet Yellen warned that the US will strengthen its sanctions on Iran within days after the nation’s recent attack on Israel.
Biden seeks higher tariffs on Chinese steel, aluminum to support US firms
President Joe Biden is calling for higher tariffs on Chinese steel and aluminum, part of a series of steps to shore up the American steel…
Cook says Apple considers making gadgets in Indonesia in pivot from China
Apple Inc. is weighing the possibility of making some of its gadgets in Indonesia, as the iPhone maker explores production bases beyond its longtime stronghold…
Xi rebuffs Scholz pressure to rein in Chinese manufacturing
Chinese leader Xi Jinping told the German chancellor that a surge in clean-technology exports from the Asian nation has helped the world tackle inflation, pushing…
Swiss Parliament rejects joining Russia sanctions task force
Switzerland’s parliament rejected a proposal for the government to join a US-led sanctions task force against Russia, saying cooperation with the body as an independent…
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