Workers making Care Bears at a factory in Ankang, China.CNBCChina’s factory activity slowed in January as the country gears up for fresh U.S. tariffs this month, a private-sector survey showed Monday.The Caixin/S&P Global manufacturing purchasing manager’s index came in at 50.1 in January, missing Reuters poll forecast of 50.5.Manufacturing PMI stayed above the 50 level that separates expansion from contraction for a fourth straight month. It nudged down from 50.5 in December, 51.5 in November and 50.3 in October.The private survey reading follows the official PMI data in January that showed activity unexpectedly contracted to 49.1, after expanding for three…
Author: usaeverydaylife
TOPSHOT – U.S. Secretary of State Marco Rubio (L) shakes hands with Panama Canal Authority Administrator Ricaurte Vasquez during a tour at the Miraflores locks of the Panama Canal in Panama City on February 2, 2025. Mark Schiefelbein | Afp | Getty ImagesU.S. Secretary of State Marco Rubio on Sunday warned Panama’s President Jose Raul Mulino that Washington will “take measures necessary” if Panama does not immediately take steps to end what President Donald Trump sees as China’s influence and control over the Panama Canal.Mulino, after the talks with the top U.S. diplomat in Panama City, signaled he would review agreements involving China and Chinese businesses, and announced further cooperation with the U.S. on migration, but reiterated that his…
WASHINGTON, DC – JULY 24: Israeli Prime Minister Benjamin Netanyahu speaks to reporters alongside Speaker of the House Mike Johnson (R-LA) at the U.S. Capitol Building on July 24, 2024 in Washington, DC. Anna Moneymaker | Getty Images News | Getty ImagesIsraeli Prime Minister Benjamin Netanyahu said Sunday he will discuss “victory over Hamas,” countering Iran and expanding diplomatic relations with Arab countries in his meeting with President Donald Trump.Tuesday’s meeting at the White House will be Trump’s first with a foreign leader since returning to office. It comes as U.S. and Arab mediators begin the daunting work of brokering the next phase of a…
FILE PHOTO: Visitors walk up a stair during the opening of the restoration project at the historic Bimaristan Al-Muayyad Sheikh, one of the oldest hospitals following extensive renovations carried out in partnership between Egypt’s Tourism and Antiquities Ministry and the United States Agency for International Development (USAID), ensuring sustainable management of historic sites at Souk al-Silah district in Old Cairo, Egypt August 18, 2024. REUTERS/Amr Abdallah Dalsh/File PhotoAmr Abdallah Dalsh | ReutersUSAID’s director of security and his deputy were placed on administrative leave Saturday after trying to prevent employees from the Depart of Government Efficiency from accessing secure USAID systems,…
U.S. President-elect Donald Trump and Bitcoin.Cheney Orr | Dado Ruvic | ReutersCryptocurrencies tumbled on Sunday in a risk-off move after President Donald Trump hit Canada, Mexico and China with long-threatened import tariffs.The price of bitcoin was last lower by 3%, according to Coin Metrics, a modest loss compared to the broader crypto market. Earlier, it fell as low as $96,202.42. The U.S. dollar index, which has an inverse relationship with bitcoin, was up nearly 1%.The CoinDesk 20 index, which measures the largest 20 digital assets by market cap, dropped 9%. Ether slumped to its lowest level since November.The slide began Saturday…
The man who has been heavily favored to become Germany’s next chancellor took an extraordinary gamble this week, both for his political future and his country’s longstanding firewall against political extremism.It did not go as he hoped.In an effort to portray himself and his party as tough on immigration, Friedrich Merz, the leader of the poll-leading Christian Democrats, pushed a series of measures tightening borders and accelerating deportations through Parliament this week. He did so with help from the hard-right Alternative for Germany party, or AfD — parts of which have been classified as extremist by German intelligence agencies.On Friday,…
Shein and Temu icons are seen displayed on a phone screen in this illustration photo taken in Krakow, Poland on August 27, 2024. Jakub Porzycki | Nurphoto | Getty ImagesPresident Donald Trump’s tariffs against China, Canada and Mexico target a trade provision that helped fuel the explosive growth of budget online retailers, including Temu and Shein.Trump on Saturday signed executive orders imposing tariffs on the country’s top three trading partners. Goods imported from Canada and Mexico will be slapped with a 25% tariff, while goods from China will be charged a 10% tax. Energy resources from Canada will have a lower…
View of the central business district skyline at sunset in Beijing, China.Sheng Peng | Visual China Group | Getty ImagesAsia-Pacific markets opened lower Monday after U.S. President Donald Trump levied tariffs on Canada, Mexico and China over the weekend.Australia’s S&P/ASX 200 dropped 1.86%.Japan’s Nikkei 225 fell 1.84% at the open, while the Topix lost 1.75%. South Korea’s Kospi dropped 2.32% and the small-cap Kosdaq traded 1.9% lower.Chinese markets remain closed for the Lunar New Year holiday.Caixin/S&P Global services manufacturing activity data for China will be released later in the day. The PMI is expected to come in at 50.5, according…
Traders work at the New York Stock Exchange on Jan. 29, 2025. NYSEStock futures tumbled Sunday night to kick off a new trading month as investors weighed new U.S. tariffs on goods from key trade partners and their potential impact on the economy and corporate profits.Futures tied to the Dow Jones Industrial Average slid 611 points, or 1.4%. S&P 500 futures dropped 1.9%, while Nasdaq-100 futures lost 2.4%.President Donald Trump on Saturday slapped a 25% tariff on goods from Mexico and Canada. He also placed a 10% levy on imports from China. The U.S. does about $1.6 trillion in business with…
The United States and its biggest trading partners were hurtling on Sunday into a new era of protectionism as Canada, Mexico and China said they would adopt countermeasures against new tariffs levied by President Trump.From honey to tomatoes, and from clothes to toilet bowls, a wide range of American goods that cross the border into Canada, worth more than $100 billion, will soon be hit with a 25 percent tariff.“We don’t want to be here,” Prime Minister Justin Trudeau said in a somber televised address from Ottawa on Saturday night in which he spoke of the deep bonds between the…
