The view of Nanjing Road East Pedestrian Mall, the main shopping street in Shanghai.Bruce Yuanyue Bi | The Image Bank | Getty ImagesAsia-Pacific markets traded mixed as investors assessed the phone call between U.S. President Donald Trump and Chinese President Xi Jinping.Trump and Xi spoke on Thursday and agreed that officials from the U.S. and China will meet soon to continue negotiations aimed at ending the ongoing trade war.The call, which Trump described as “very good,” lasted for about 90 minutes, focusing “almost entirely” on trade and yielded a “very positive conclusion for both countries,” Trump wrote in a Truth Social…
Author: usaeverydaylife
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailRoss Veitch, CEO of WeGo, discusses the demand of travel across the Gulf ahead of Eid holidays, and he gives a key lesson to travelers, “don’t book last minute”. Source link
Singapore-based online grocery retailer Webuy staff is offloading containers filled with goods shipped from China.SINGAPORE — Vincent Xue runs an online grocery retail business, offering fresh produce, canned food, packaged easy-to-cook ingredients to cost-conscious local consumers in Singapore.Xue’s Nasdaq-listed Webuy Global sources primarily from suppliers in China. Since late last year, one third of his suppliers, saddled with excess inventory in China, have offered steep discounts of up to 70%.”Chinese domestic markets are too competitive, some larger F&B manufacturers were struggling to destock their inventories as weak consumer demand drags,” he said in Mandarin, translated by CNBC.Xue has also gotten…
Artificial intelligence makes people more valuable, according to PwC’s 2025 Global AI Jobs Barometer report. Pixdeluxe | E+ | Getty ImagesDespite widespread fears that artificial intelligence could automate jobs and cut employees’ wages, AI actually makes people “more valuable, not less,” new research by professional services firm PwC found.”What causes people to react in this environment is the speed of the tech innovation,” PwC Global Chief AI Officer, Joe Atkinson told CNBC Make It. “The reality is that the tech innovation is moving really, really fast. It’s moving at a pace that we’ve never seen in a tech innovation before.””What…
The view of protesters during the rally at Britain’s Parliament Square. Sopa Images | Lightrocket | Getty ImagesPeople across Europe say their countries are in decline and society is broken, according to a new Ipsos poll shared with CNBC.Negative sentiment has grown in the past four years across Europe’s major economies – with citizens in Great Britain, Germany, France and Italy all increasingly sharing the belief that society is “broken” over the past four years.Ipsos U.S. President Clifford Young on Thursday told CNBC “the predisposition towards populism and anti-establishment sentiment is very stable and high at a global level.”Populist sentiments…
Shingo Akikuni is best known as the chef at SHINGO, a one-Michelin-starred Japanese restaurant in Miami. He grew up in Japan and returns yearly as a visitor. The fourth-generation sushi chef told CNBC Travel how he spends his time there.Where he eats Ginza Sushi AokiAkikuni’s first recommendation is where he was trained as a chef. The restaurant — which was opened over 50 years ago — is led by a chef who “makes himself available for not only locals, but also people that are visiting from abroad,” Akikuni said through a translator. NodaFor more contemporary flavors, Akikuni recommends visitors try fusion restaurants run by…
People walk past Reserve Bank of India signage in front of an installation stall at Global Fintech Fest in Mumbai, India, on Aug. 28, 2024.Indranil Aditya | Nurphoto | Getty ImagesIndia’s central bank delivered an outsized cut to its benchmark policy rate, bringing it to 5.5% from 6%, its lowest level since August 2022.This also marks a third straight rate cut since February, and comes below the median estimates of 5.75% in a Reuters poll.The decision comes after a better-than-expected GDP growth figure in its fiscal fourth quarter, with the economy expanding 7.4% year-on-year compared to the 6.7% estimated by…
U.S. President Donald Trump and Elon Musk attend a press event in the Oval Office of the White House in Washington, D.C., U.S., May 30, 2025. Nathan Howard | ReutersDonald Trump and Elon Musk seemed inseparable not so long ago: attending events together, doing joint interviews and showering praises on each other. All that changed overnight.Trump and Musk traded barbs in a rather public feud, with the U.S. president threatening to pull back billions of dollars in government contracts for Musk’s companies, while the Tesla CEO suggested Trump could not have won the election without him.The hostilities began when Trump…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailThe ‘Fast Money’ traders talk Pres. Trump and Elon Musk’s public feud and what it means for markets as Tesla stock takes a big hit.04:31Thu, Jun 5 20255:29 PM EDT Source link
In this photo illustration, Bank of Japan (BOJ) logo is seen on a smartphone screen.Pavlo Gonchar | SOPA Images | LightRocket | Getty ImagesThe Bank of Japan should continue to proceed with monetary tightening, which would support a “normalization of the yen’s weakness” and rebalancing of bilateral trade, the U.S. Treasury Department said on Thursday.”BOJ policy tightening should continue to proceed in response to domestic economic fundamentals including growth and inflation, supporting a normalization of the yen’s weakness against the dollar and a much-needed structural rebalancing of bilateral trade,” the Treasury said in its exchange-rate report to Congress.”Treasury also stresses that government investment vehicles, such as large public pension funds, should invest abroad for risk-adjusted return…
