Economy
Nissan announces 9,000 job cuts, slashes sales forecast
Japanese automaker Nissan on Thursday announced 9,000 job cuts as it slashed its annual sales forecast, saying it was taking urgent measures to tackle "a severe situation". "Facing a severe situation, Nissan is taking urgent measures to turnaround its performance and create a leaner, more resilient business capable of swiftly adapting to changes in the market," a company statement said.
China export growth beats expectations with October surge
Chinese exports surged last month at their fastest pace in more than two years, data showed Thursday, easily topping forecasts and providing optimism about the economy as officials steel for a potential US trade war after Donald Trump was re-elected president.
Equities swing, bitcoin hits record as traders weigh Trump 2.0
Asian equities fluctuated Thursday, while the dollar held gains and bitcoin hit a fresh record as markets try to ascertain the consequences of a second Donald Trump presidency after he pledged to cut taxes and ramp up tariffs with an eye on China.
Trump has vowed sweeping tariffs: What comes next?
US president-elect Donald Trump says "tariff" is the most beautiful word in the dictionary -- and the Republican's second term promises sweeping measures on all $3 trillion worth of US imported goods. - Trump has promised at least a 10 percent tariff on all imports, and a higher level of 60 percent or more on Chinese goods -- stepping up levies on Beijing and others.
US Fed rate cut plans likely unchanged by Trump victory
The US Federal Reserve is widely expected to cut interest rates by a quarter point Thursday, looking beyond the election results to continue easing borrowing costs on the back of cooling inflation.
Ottawa to shut TikTok's Canada operations, says app can still be used
Ottawa said Wednesday it is shutting TikTok's operations in Canada following a security review, but Canadians will still be allowed to use the popular video sharing app. Canada banned TikTok from all government devices last year and launched a security review of the application.
'Drill, baby, drill': Trump policy poses risks, opportunities for oil industry
Donald Trump's election as US president brings back a champion of the oil industry to the White House, but experts warn that his push for low prices could be at odds with petroleum companies' priorities.
Fox News vindicated over early US election call once again
In the 2020 US presidential election, Fox News triggered controversy by calling the state of Arizona for Joe Biden days before competitor outlets deemed it safe to do so. The 2020 Arizona call against Trump had Fox News on the defensive, although they never backtracked and were ultimately vindicated.
Trump's win aided by a relentless focus on the cost of living
Donald Trump's US election victory was, at least in part, down to his success in pinning the blame for a post-pandemic inflationary surge on the Biden-Harris administration.
Economy
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