Author: Press Room

HONG KONG: Asian and European markets battled on Tuesday (Apr 8) to recover from the previous day’s tariff-fuelled collapse, though Donald Trump’s warning of more measures against China and Beijing’s vow to “fight to the end” raised concerns of a spiralling trade war. Equities across the world have been hammered since the US president unveiled sweeping levies against friend and foe, upending trading norms, sparking talk of a global recession and wiping trillions of company valuations. Investors fought to claw back some of those losses as they try to assess the possibility that Washington could temper some of the tariffs.…

The next German government, likely to be led by the centre-right CDU, is expected to be tougher on migration.Germany has suspended the admission of refugees through a United Nations programme, according to a document seen by the Reuters news agency, as a new conservative-led coalition government prepares to take office. Reuters reported on Tuesday that the Federal Ministry of the Interior had made the decision as negotiations between the centre-right Christian Democrats (CDU) and the centre-left Social Democrats (SPD) continue, with both sides likely to agree on a tougher migration and asylum policy. The German dpa news agency also reported…

The Trump administration has dismissed the few remaining health officials who oversaw care for some of the world’s most vulnerable people: more than 500,000 children and more than 600,000 pregnant women with H.I.V. in low-income countries.Expert teams that managed programs meant to prevent newborns from acquiring H.I.V. from their mothers and to provide treatment for infected children were eliminated last week in the chaotic reorganization of the Health and Human Services Department.Some of the consequences of the dismissals are only now coming to light.While it was known that some staff members devoted to H.I.V. prevention in other countries had been…

President Trump’s top trade official defended the administration’s aggressive tariff moves on Tuesday, arguing before a Senate committee that the U.S. economy is facing “a moment of drastic, overdue change” after decades of being propped up by the financial sector and government spending.The remarks by Jamieson Greer, the United States trade representative, came as the Trump administration faced blowback from trading partners, businesses and investors over Mr. Trump’s approach. The president’s moves this month to impose a 10 percent global tariff and steep “reciprocal” tariffs on dozens of countries have already triggered a trade war with China and caused other…

Check out the companies making headlines before the bell: Levi Strauss — The jeans maker surged 11% after the company reiterated its full-year outlook. However, Levi noted that it excludes any impact from the White House’s tariffs. The company also posted first-quarter adjusted earnings of 38 cents per share, which was 52% higher versus the year-ago period. Its $1.53 billion in revenue also marked a 3% increase compared to last year. Health insurers — Health-care stocks jumped after The Wall Street Journal reported Monday that the Trump administration will increase payment rates for Medicare insurers to 5.06% next year, compared…

Film at Lincoln Center, the nonprofit organization that programs the New York Film Festival, has named the British movie executive Daniel Battsek its next president.From 2016 until early 2024, Battsek, 66, was chairman of the British production company Film4, overseeing the financing of “Three Billboards Outside Ebbing, Missouri” (2017) and “The Banshees of Inisherin” (2022), among other releases.Battsek will succeed Lesli Klainberg, who had led Film at Lincoln Center since 2014 before stepping down last year.In an interview, Battsek, who will take over in May, said the centrality of film in the New York City cultural landscape had always appealed…

Meghan Markle revealed she was fighting for her life after she gave birth to one of her children.The Duchess of Sussex made the vulnerable medical confession during the first episode of her new podcast, “Confessions of a Female Founder.” Her first guest was the founder of the dating app Bumble, Whitney Wolfe Herd. “We both had very similar experiences, though we didn’t know each other at the time with postpartum, and we both had preeclampsia. Postpartum preeclampsia,” Markle shared on her podcast. “It’s so rare and so scary.”MEGHAN MARKLE’S LATEST PODCAST PLOY ON SHAKY GROUND AFTER ‘TOXIC’ DRAMA, BITTER DISPUTES: EXPERT…

Technology stocks bounced Tuesday after three rocky trading sessions, spurred by rising optimism that President Donald Trump could potentially negotiate tariff deals with world leaders.Nvidia and Tesla led the Magnificent Seven group’s gains, rallying about 5%. Meta Platforms, Amazon, Apple and Microsoft and Alphabet rose about 2%.The sector is coming off a wild trading session after speculation that the White House could potentially delay tariffs fueled volatile swings. Alphabet, Meta Platforms, Amazon and Nvidia finished higher, while Apple, Microsoft and Tesla posted losses.Trump’s wide-sweeping tariff plans have sparked violent turbulence over the last three trading sessions. Trading volume on Monday…

Emirates President Tim Clark warned that the aviation industry is in “uncharted territory” as U.S. President Donald Trump’s sweeping tariffs and trade disputes weigh on global growth and threaten to drive up costs for airlines worldwide.”Right now, we are in troubled times,” Clark told CNBC in an interview recorded March 20 — ahead of Washington’s announcement of its latest global levies.  “It’s uncharted because it involves a measure of reset to a level that the global economy probably hasn’t seen since the financial crisis of 2008-2009,” Clark said, pointing to growing pressures on carriers and to the ripple effect across the…

Chris Sununu, the Republican former governor of New Hampshire, announced on Tuesday that he would not run for Senate in 2026, dashing the hopes of President Trump and others in their party that he would help flip a seat in the state after a Democratic senator’s retirement.Mr. Sununu, who served for four two-year terms as governor, was once a vocal critic of Mr. Trump’s — he endorsed Nikki Haley in the 2024 primary race — but the president had warmed to the possibility of luring the popular former governor into the Senate race.“I hope he runs,” Mr. Trump said on…