Sunday, May 18, 2025

News: International Business Times

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UK-EU edge towards a reset on e-gates, food and defence

BRITAIN hopes to secure a reset deal with the European Union on Monday (May 19) that would boost defence and security cooperation,...

May 18, 2025 06:52 PM
The commerce ministry’s findings conclude a probe launched in May 2024, shortly after the US sharply increased tariffs on Chinese electric vehicles, computer chips and other imports.

China slaps anti-dumping duties on plastics from US, EU, Japan, Taiwan

CHINA on Sunday (May 18) announced anti-dumping duties as high as 74.9 per cent on imports of POM copolymers, a type of...

May 18, 2025 05:43 PM
Cargo ships are loaded with containers as it is docked at Bangkok Port in Thailand.

Trump’s tariff tide lifts Asean ports again – some more than others

Ports in Vietnam, Malaysia are clear beneficiaries; but swell in shipping volumes straining ports

May 18, 2025 04:38 PM
Economists and executives have said it’s not sustainable for businesses to keep absorbing costs.

Price hikes are beginning to threaten the American consumer

[NEW YORK] For all the worry about tariffs causing pain for American consumers, shoppers have so far been mostly shielded from –...

May 18, 2025 11:30 AM
The process over the last few months to fulfill Trump’s wishes find that many of the ideas proposed in the executive order can’t be easily implemented within existing law and budgetary limits.

Trump puts wealth fund on back burner as ambitions hit limits

[WASHINGTON, DC] US President Donald Trump has put his plan to create a sovereign wealth fund on the back burner after three...

May 18, 2025 11:00 AM
Advocates for the deals argue that if the US doesn’t encourage the world to use American chips, countries with AI ambitions will eventually turn to alternatives from Chinese companies – which have made progress in closing the gap with Nvidia. 

Trump’s rush to cut AI deals in Saudi Arabia, UAE opens rift with China hawks

[HONG KONG] US President Donald Trump’s flurry of artificial intelligence (AI) deals during his tour of the Middle East is opening a...

May 18, 2025 09:00 AM
Treasury holdings by Chinese investors have been on a downward trajectory since 2018, analysts say.

Foreign holdings of US Treasuries top US$9 trillion in March, data shows

[NEW YORK] Foreign holdings of US Treasuries soared to a record high in March, data from the Treasury Department showed on Friday...

May 18, 2025 08:30 AM
Yoon is accused of tacitly encouraging the violence after warning that the country was “in danger”.

South Korea's ex-president Yoon Suk Yeol leaves party ahead of snap election

[SEOUL] South Korea’s ex-president Yoon Suk Yeol left his conservative party on Saturday (May 17) as it gears up for snap elections...

May 17, 2025 02:05 PM
Liang Liang, deputy director at the Beijing Economic-Technological Development Area, says robots will boost productivity and operate in hazardous environments.

China's humanoid robots will not replace human workers, Beijing official says

[BEIJING] China’s humanoid robots will not replace human workers and cause mass unemployment, according to a Chinese official who oversees a tech...

May 17, 2025 01:32 PM
The Indian government has banned all imports from Pakistan in a May 2 notification, including both goods originating from and transiting through its neighbour.

Indian companies, consumers snub Pakistan and its allies

[MUMBAI] A growing number of Indian merchants, companies, and consumers are cutting business ties with Pakistan and some of its allies after...

May 17, 2025 12:04 PM
California has implemented a raft of bills this year limiting specific uses of AI, illustrating the kind of laws that would be blocked under the moratorium.

AI regulation ban meets opposition from state attorneys general over risks to US consumers

[NEW YORK] A Republican proposal to block states from regulating artificial intelligence (AI) for 10 years drew opposition on Friday (May 16)...

May 17, 2025 11:03 AM
Trump’s potential conflicts of interest related to crypto have increasingly become a concern for Democratic senators.

Trump’s crypto project pushes back on Senate inquiry

[CHICAGO] Attorneys for US President Donald Trump’s World Liberty Financial (WLFI) crypto project pushed back against claims about potential conflicts of interest...

May 17, 2025 10:03 AM
The cargo surge at major trade gateways has ship owners scrambling to coordinate berths and adjust vessel schedules.

Container ship owners swamped as US-China trade detente revives demand

[LOS ANGELES] Container ship bookings for China-to-US cargo have surged since the countries declared a 90-day truce on punitive tit-for-tat tariffs last...

May 17, 2025 08:37 AM
Jinko Solar said it will use the 90-day tariff truce to pursue “diversification of global supply chain.

China solar firms to speed up global push amid tariff truce

Trump’s sweeping tariffs policies, including duties on solar imports from four South-east Asian countries, mean further relocation will be necessary

May 16, 2025 10:47 PM
An American flag flutters over a ship and shipping containers at the Port of Los Angeles, in San Pedro California, U.S., May 13, 2025. REUTERS/Mike Blake

US import prices unexpectedly rise in April

Import prices gained 0.1% last month after dropping 0.4% in March

May 16, 2025 09:38 PM

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