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Trump tariffs weigh on Germany as institutes cut forecasts
Leading economic institutes Thursday slashed their 2025 growth forecast for Germany to near stagnation, warning Europe's struggling top economy will face extra pain from US President Donald Trump's tariff blitz.
Taiwan's TSMC says first quarter revenue up 42 percent
Taiwanese chipmaking giant TSMC reported Thursday a better-than-expected revenue for the first quarter on strong demand for AI technology, after tariffs slapped onto major economies by US President Donald Trump caused global uncertainty. TSMC chairman and chief executive C.C. Wei has said the firm expected "2025 to be another strong growth year" as AI-related demand continues to surge.
Vietnam says it will start trade talks with United States
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.
Expo 2025 in Japan: five things to know
A multi-eyed mascot, a vast wooden Grand Ring, 160 countries and regions strutting their stuff, and robots and sushi galore: Expo 2025 begins Sunday in Osaka, Japan. - Grand Ring - Encircling dozens of national pavilions is the Grand Ring -- recognised by Guinness World Records as the planet's largest wooden architectural structure.
Japan's World Expo touts unity, and algae, in turbulent times
World Expo opens on Sunday with host Japan aiming to bring humanity together, despite global turmoil and tepid public enthusiasm for the six-month event showcasing innovation as well as Hello Kitty in algae form. But 55 years on Japan is less of a trendsetter and opinion polls show low levels of enthusiasm for the Expo among the public.
Papua New Guinea lifts ban on forest carbon credits
Papua New Guinea will "immediately" lift a ban on forest carbon credit schemes, the Pacific nation's climate minister told AFP on Thursday, opening up its vast wilderness to offset global emissions. Environment Minister Simo Kilepa told AFP that, with new safeguards now in place, this three-year moratorium would "be lifted immediately".
AI surge to double data centre electricity demand by 2030: IEA
Electricity consumption by data centres will more than double by 2030, driven by artificial intelligence applications that will create new challenges for energy security and CO2 emission goals, the IEA said Thursday. According to the IEA, data centre electricity consumption will reach about 945 terawatt hours (TWH) by 2030.
Samsung under pressure as US tariffs rattle South Korean economy
Sipping tea on her break outside a Samsung Electronics factory in northern Vietnam, worker Nguyen Thi Mai said she had heard about US President Donald Trump's tariffs, but hoped it would not affect business. For Samsung, high-end televisions are their key driver of revenue stateside, Yong Seok-woo, president and head of the visual display business at Samsung Electronics told reporters.
Asian stocks crack higher as Trump delays painful tariffs
Asian stocks rocketed Thursday as investors breathed a huge sigh of relief after Donald Trump announced a pause on crippling tariffs on US partners, with Chinese markets even brushing off his decision to ramp up duties on Beijing to 125 percent. The extra tariffs on Beijing, however, were "based on the lack of respect that China has shown to the world's markets", Trump said.
AFP
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