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Trump puts world on edge as 'Liberation Day' tariffs loom
Donald Trump had the world's leading economies on edge Tuesday as the US president prepared to unveil a promised raft of tariffs that could trigger a cascading global trade war. - 'Tough' - Critics warn that the strategy risks a global trade war, provoking a chain reaction of retaliation by major trading partners like China, Canada and the European Union.
UK vows £20 million to boost drone and 'flying taxi' services
The UK government said Tuesday it had pledged £20 million ($25.8 million) to help commercial drone services and "flying taxis" take off in Britain. There have been several pilot schemes in the UK too -- from island postal services to rapid blood sample transport -- but commercial drone deliveries have been slower to get off the ground.
Ford's US auto sales dip in first quarter as tariffs loom
Auto giant Ford reported a slight drop in first quarter US sales Tuesday, while investors await details of President Donald Trump's upcoming tariffs this week and assess the effects of duties on major carmakers. But economists warn that Trump's sweeping tariffs on autos and parts, over time, could cause average auto prices to surge by thousands of dollars.
UK Supreme Court opens car loans hearing as banks risk huge bill
The UK's highest court on Tuesday began a hearing to determine whether controversial car loans were unlawful, in a case that could cost banks billions of pounds in compensation. Banks are appealing a landmark ruling by a Court of Appeal in November that deemed it unlawful for car dealers to receive a commission on loans without sufficiently informing borrowers.
Trump signs executive order targeting ticket scalping
With American entertainer Kid Rock at his side, US President Donald Trump signed an executive order Monday clamping down on ticket scalping and live event pricing. By the time you check out, it's $170," said Kid Rock, who wore a straw fedora and American-flag emblazoned red suit to the Oval Office.
Eurozone inflation eases in March as tariff threat looms
Inflation in the eurozone slowed further in March, official data showed on Tuesday, indicating possible breathing room for policymakers despite the threat of turbulence from US trade tariffs. The eurozone inflation data "gives the central bank additional room to prioritize growth without abandoning its inflation mandate," said Daniela Sabin Hathorn, senior market analyst at Capital.com, in a note.
Chinese developer under scrutiny over Bangkok tower quake collapse
A Chinese construction company is facing questions over the deadly collapse of a Bangkok skyscraper -- the only major building in the capital to fall in a catastrophic earthquake that has killed more than 2,000 people in Thailand and neighbouring Myanmar. The Bangkok construction collapse is not the first time CREC and its subsidiaries have come under fire after deadly incidents.
Facing US tariffs, Canadians hunt for business in Europe
With his small steel mill facing hefty US tariffs, Canadian businessman Chris Wyatt is hunting for new European customers at the world's biggest industrial technology fair in Germany. The president slapped 25-percent tariffs on US steel and aluminium imports on March 12, and even briefly threatened to hike the duty to 50 percent on Canadian imports.
Trump says will be 'kind' with tariffs as deadline looms
US President Donald Trump said Monday he would be "very kind" to trading partners when he unveils further tariffs this week, risking global turmoil to address what he says are unfair trade imbalances. Critics warn that the strategy risks a global trade war, provoking a chain reaction of retaliation by major trading partners like China, Canada and the European Union.
AFP
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