China’s leaders have sent a clear message about the effects of the Trump administration’s sweeping tariffs: Things will be painful, but it is nothing that the country cannot handle.A commentary on Sunday in the Communist Party mouthpiece, the People’s Daily, said Beijing had prepared for a trade war with the United States and that China could potentially come out stronger as a result.“The abuse of tariffs by the United States will have an impact on China, but ‘the sky will not fall,’” it said. “China is a super economy. We are strong and resilient in the face of the U.S.…
Author: usaeverydaylife
“The Japanese yen will be a good — and probably the best — candidate to hide from trade tensions and a U.S. recession, for a whole host of familiar reasons,” said Ebrahim Rahbari, head of rates strategy at Absolute Strategy Research.Zhang Xiaoyu | Xinhua News Agency | Getty ImagesInvestors are flocking to safe haven assets after U.S. President Donald Trump announced a swathe of reciprocal tariffs last week — and some are looking at the Japanese yen, bonds, as well as a few other “exotic” assets.”The Japanese yen will be a good — and probably the best — candidate to…
Defense stocks were once considered socially unacceptable investments, but fund managers are slowly changing tack as the sector has rallied in recent years. Europe’s aerospace and defense sector has jumped 24% since the beginning of the year, with the recent surge tied to increased geopolitical volatility. In early March, the European Commission proposed an 800-billion-euro ($878.3 billion) increase in defense spending . The move came after the U.S. halted all military aid to Ukraine amid a public spat between newly elected White House leader Donald Trump and Ukrainian leader Volodymyr Zelenskyy, with the EU saying the funding could mobilize Europe…
His father was marched to a forest and killed, like so many victims of the Khmer Rouge in Cambodia. Before he was led away, the father told his young son, Uon Chhin, to stand up and speak the truth, even if it might compromise his liberty.Decades later, Mr. Uon Chhin became a journalist during the muckraking heyday of the free press in Cambodia. But in 2017, he and a colleague at Radio Free Asia were charged with espionage. Their nine-month imprisonment presaged an evisceration of human rights in Cambodia by Hun Sen, the longtime leader who refashioned a young democracy…
TOPSHOT – A monk walks past a collapsed building in Mandalay on April 1, 2025, a few days after the deadly Myanmar earthquake. Sai Aung Mainsai Aung Main | Afp | Getty ImagesMyanmar’s ruling military junta is seizing the aftermath of a deadly earthquake as an opportunity to regain control amid a grueling civil war. But a lasting ceasefire remains unlikely, analysts say.The massive 7.7 magnitude earthquake two weeks ago, one of the strongest to hit Myanmar in a century, jolted a nation already devastated by a brutal civil war that displaced millions and decimated its economy.The official death toll rose…
Bill Ackman, CEO of Pershing Square Capital Management, speaks during an interview for an episode of “The David Rubenstein Show: Peer-to-Peer Conversations,” in New York on Nov. 28, 2023.Jeenah Moon | Bloomberg | Getty ImagesBillionaire investor Bill Ackman said that America was heading toward a self-inflicted “economic nuclear winter” as a result of U.S. President Donald Trump’s tariff policy rollout.”By placing massive and disproportionate tariffs on our friends and our enemies alike and thereby launching a global economic war against the whole world at once, we are in the process of destroying confidence in our country as a trading partner,”…
“Big firms have gotten much, much bigger,” said Alexandre Lazarow, managing partner of Fluent Ventures. “At the same time, there’s been an explosion of [small] venture capital firms … so I think we’ve seen the rise of specialization and the rise of regionalization in tech.”Johnnygreig | E+ | Getty ImagesThe venture capital industry has been facing a great deal of churn at the senior level, with reports of many top-level executives leaving legacy firms.In Silicon Valley, some high-profile departures include Matt Miller from Sequoia and Sriram Krishnan from Andreessen Horowitz. On the other side of the world, two senior executives Abheek…
Amadou Bagayoko, a Malian guitarist and composer who with his wife, the singer Mariam Doumbia, formed Amadou & Mariam, inventing a broadly accessible sound that made fans of people worldwide who otherwise knew little about music from Africa, died on Friday in Bamako, Mali’s capital. He was 70.His death was announced by the Malian government, which did not provide a cause. He and Ms. Doumbia lived in Bamako.In the late 2000s and early 2010s, Amadou & Mariam was regularly described as the new century’s most successful African musical act.Mr. Bagayoko, who grew up listening to Led Zeppelin and Pink Floyd,…
In 2023, Sophia Kanavos and her mom put the Women’s Power Series conference on for the first time.”We get invited to a lot of business conferences, a lot of stuff in Las Vegas, Orlando,” says the 28-year-old, who works in acquisitions and development at her family’s real estate company, Flag Luxury Group. “Those are upwards of $2,500 for a two-day event where probably 85% of the speakers and attendees are men.”Instead, “we wanted to create a half-day conference for women in business, by women,” she says. It would have various price points so women of different means could attend, and…
Jakub Porzycki | Nurphoto | Getty Images U.S. President Donald Trump’s tariffs and subsequent actions by other nations have cast a shadow over investors’ portfolios. Markets largely fell all around the world following the announcements, and the sell-off has extended into Monday. Trump and his administration has been defiant, with the U.S. president saying “it won’t be easy” and urging Americans to “hang tough” in a Truth Social post late Friday. Over the weekend, the European Union was reported to also be readying tariffs, targeting up to $28 billion of U.S. imports, marking the latest escalation in this conflict. China and Canada had also announced retaliatory measures last week. With…
