Gold reached $3,500 an ounce for the first time Tuesday as US President Donald Trump's tariffs and verbal assault on the Federal Reserve prompted investors to snap up the safe haven asset.
Global tax plans targeting billionaires and multinational companies are running aground, with the United States torpedoing reforms under President Donald Trump.
The World Economic Forum said on Monday that its founder Klaus Schwab has stepped down from the board, turning a page in the history of the organisation that hosts the annual meeting of wealthy, famous and influential global elites at the luxury Swiss ski resort of Davos.
As businesses push for a return to pre-pandemic norms, some leaders are using promotion prospects as a softer incentive to encourage in-office attendance.
The global economy is likely to avoid a recession despite the hit to growth from US President Donald Trump's tariff rollout, the head of the International Monetary Fund said Thursday.
Businesses are adding high surcharges to help recover rising wage costs. The extra spending estimate comes from ABS retail data, showing Aussies spend around AU$5.3 billion at cafes, restaurants, and takeaways, with an average 15% surcharge.
Woolworths has confirmed that most of its stores across Australia will shut on Good Friday. Coles supermarkets will be closed across the country on Good Friday. Kmart and Target will also shut all their stores nationwide for the day. Bunnings, Aldi, and all Westfield shopping centres will be closed on Good Friday as well.
US President Donald Trump's aggressive but fast-changing trade policy has foisted difficult questions on carmakers that they have not yet been forced to answer.
China told Washington on Wednesday to "stop threatening and blackmailing" after US President Donald Trump said it was up to Beijing to come to the negotiating table to discuss ending their trade war.
China is expected to post first-quarter growth of around five percent on Wednesday, buoyed by exporters rushing to stave off higher US tariffs but still weighed by sluggish domestic consumption, analysts say.
Stock markets rose Tuesday as auto firms were boosted by US President Donald Trump's suggestion of flexibility over steep tariffs on the sector.
South Korea on Tuesday announced plans to invest almost $5 billion extra in the country's semiconductor industry, citing "growing uncertainty" over US tariffs.
China has told its airlines to stop taking deliveries of jets from American aviation giant Boeing, a report said Tuesday, as a trade war between Beijing and the United States deepens.
Collins Foods said if they can't find a buyer within a year, they will look at other ways to shut down the Taco Bell stores.
Britain's economy grew far more than expected in February, official data showed Friday, in a rare piece of good news for the Labour government as it grapples with unpredictable US tariffs.
Vietnam and the United States agreed to start negotiations on a reciprocal trade agreement, Hanoi said on Thursday, hours after Washington delayed imposing an enormous tariff on the Southeast Asian manufacturing powerhouse.
"Coles and Woolworths have had it too good for too long and Tasmanians are paying the price," Tasmanian Greens Senator Nick McKim said. "A lack of competition means shoppers here are paying at least AU$15 more on a basket of essential groceries compared to Aldi, which adds up to hundreds of dollars a year."
India's central bank cut interest rates in the world's fifth-largest economy on Wednesday as US President Donald Trump's tariffs kicked in and policymakers warned of "challenging global economic conditions".
Adjusted to today's median values, the recent growth equals about a $230,000 increase, which is roughly half the size of earlier percentage peaks but far more significant in terms of money.
China is trying to tariff-proof its economy by boosting consumption and investing in key industries, but analysts say it remains critically vulnerable to the economic storm triggered by Donald Trump's 104% levies on its goods.
As the world reels from US President Donald Trump's tariffs onslaught, here is a look back at some major trade wars since the 19th century:
- 19th century Opium Wars -
In the mid-19th century, two conflicts over the opium trade, which became known as the Opium Wars, pitted China against the British Empire.
Troubled Australian casino operator Star Entertainment says it has been thrown an 11th hour multi-million dollar lifeline by US-based casino giant Bally's Corporation.
Indonesian stocks closed down nearly eight percent on Tuesday after a weeklong public holiday break, its biggest fall in more than a decade as uncertainty over US President Donald Trump's global tariffs roil markets.
According to the Treasury's modeling, the U.S. tariffs and China's retaliatory measures would lead to a 0.1% drop in Australia's real GDP for the year.
Fearing that US President Donald Trump's 25 percent tariffs on imported cars and auto parts could spark "paranoia" among buyers and drive up prices, Arthur Bibbs has decided to go ahead and buy a secondhand truck now.
A top Chinese official has vowed to protect US firms and pledged his country will remain a "promising land" for foreign investment, Beijing said Monday, after it slapped 34 percent tariffs on US imports.
Monday's stock market collapses in Asia and Europe after China retaliated to steep US tariffs revived memories of similar market turmoil after the Covid pandemic and the last global financial crisis.
The Australian dollar is struggling to stay above 60 US cents after falling to a five-year low of $0.5933 earlier in the day.
TikTok on Friday was hours from a deadline to find a non-Chinese owner or face a ban in the United States.
Across Asia, factory workers, directors, trade associations and analysts voiced concern Thursday that US President Donald Trump's stinging tariffs could put jobs at risk and hammer key sectors of industry.
