Chinese Vice Premier Ding Xuexiang speaks during COP29 on Nov. 12, 2024.Sopa Images | Lightrocket | Getty ImagesBEIJING — Chinese Vice Premier Ding Xuexiang warned there are “no winners” in a trade war, as the world’s second-largest economy faces the possibility of tariffs under the freshly-inaugurated administration of Donald Trump.”Protectionism leads no where. [A trade war has no winners,” Ding said Tuesday, according to an official English translation. He was speaking at the World Economic Forum in Davos, Switzerland.The vice premier began his address largely by referencing Chinese President Xi Jinping’s speech at Davos in 2017, which took place just…
Author: usaeverydaylife
European business chiefs on Tuesday warned that the region risks falling behind its U.S. and Asian counterparts, if it fails to innovate and adapt to a fast-changing world that is expected to see an acceleration of global policy changes during President Donald Trump’s second term in office.Europe was “always lagging behind” its counterparts in Asia and the U.S. when it comes to innovation, Mario Greco, the chief executive of Zurich Insurance, told CNBC from the World Economic Forum in Davos, Switzerland.”In a world which is going very fast forward, with lots of innovation, it’s a wake up call, again, for…
US President Donald Trump speaks to journalists as he signs an executive order regarding Department of Government Efficiency (DOGE), in the Oval Office of the White House in Washington, DC, on Jan. 20, 2025. Jim Watson | AFP | Getty ImagesRichard Edelman, Edelman “I think Trump gives America a really good chance to revive its animal spirit. There will be less regulation, there will be more energy supply, there will be more of a sense of markets functioning and [less] regulation, and I think Trump is a shot in the arm for business. But I think business has to work its way…
A cartoon image of US President-elect Donald Trump with cryptocurrency tokens, depicted in front of the White House to mark his inauguration, displayed at a Coinhero store in Hong Kong, China, on Monday, Jan. 20, 2025. Paul Yeung | Bloomberg | Getty ImagesBitcoin and other cryptocurrencies sank on Tuesday, as bullish investor sentiment surrounding cryptocurrencies cooled after President Donald Trump’s inauguration.TRUMP, a token launched last week that represents the new U.S. leader, plunged as much as 22% in 24 hours, according to CoinGecko data. Meanwhile, a meme token released Sunday by first lady Melania Trump, crashed 58% in a day. Bitcoin…
Nicolai Tangen, chief executive officer of Norges Bank Investment Management, during a news conference in Oslo, Norway, on Tuesday, Jan. 30, 2024. Norway’s $1.6 trillion wealth fund added to its bets in the biggest technology companies last year after interest in artificial intelligence drove a surge in the sector.Bloomberg | Bloomberg | Getty ImagesInflation driven by tariffs is among the biggest market risks in 2025, Nicolai Tangen, head of the world’s biggest sovereign wealth fund, said Tuesday.”I don’t think I should give any advice to the U.S., but if you look at the risk to financial markets, I think inflation…
At least 10 people were killed and 32 others were injured on Tuesday after a fire broke out at a hotel with more than 200 guests at a skiing resort in western Turkey, the authorities said.The fire at the Grand Kartal Hotel in the town of Kartalkaya in Bolu Province took place over the winter break for schools across the country, a time when families flock to skiing resorts and other vacation spots.The fire started at around 3:30 a.m. local time, when most occupants were asleep, according to news reports. In an effort to evacuate, some occupants strung bedsheets together…
LONDON — European stocks are expected to open slightly higher Tuesday as traders digest the first executive orders that newly inaugurated U.S. President Donald Trump signed on Monday.The U.K.’s FTSE index is seen opening 10 points higher at 8,531, Germany’s DAX up 4 points at 21,004, France’s CAC 40 7 points higher at 7,740 and Italy’s FTSE MIB up 44 points at 36,326, according to data from IG.Global investors will be assessing the potential impact of Trump’s second term in office following his inauguration as the 47th president of the U.S. on Monday. After the ceremony, Trump signed some of his…
New Tesla cars are displayed at a Tesla dealership on December 20, 2024 in Corte Madera, California. Justin Sullivan | Getty ImagesThe value of Tesla’s brand fell by 26% in 2024, a second straight annual decline, with factors including an aging lineup of vehicles, and CEO Elon Musk’s “antagonism,” according to research and consulting firm Brand Finance.Tesla’s brand value now stands at an estimated $43 billion, down from $58.3 billion at the beginning of 2024 and $66.2 billion at the start of 2023, the firm said in its annual ranking. Toyota is the most valuable brand in autos at $64.7 billion,…
ATLANTA — Ohio State broke in another new playoff system for college football by winning it all, rising from the wreckage of a devastating rivalry game loss and running through a gantlet of blue bloods to a national title.Will Howard completed his first 13 passes on the way to 231 yards passing, Quinshon Judkins scored three touchdowns, and the Buckeyes capped coach Ryan Day’s seven-week redemption tour with a 34-23 victory against Notre Dame in the College Football Playoff championship game on Monday night.The longest college football season ever, starting in August and ending on Inauguration Day, turned into an…
In the weeks before he took office, Donald J. Trump repeatedly vowed to carry out the largest deportations in U.S. history and to militarize the border, all while his transition team rebuffed requests from regional leaders to meet over the effects of his promised moves.He made countries such as Mexico targets of his attacks, claiming migrants were flooding the United States with fentanyl and threatening to enforce devastating tariffs. He also zeroed in on Panama, repeatedly asserting that the country had permitted China to take control, compelling the United States to intervene and reclaim the Panama Canal.So as Mr. Trump…
