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Trump, China's Xi set to speak on tariff battle
Trump, China's Xi set to speak on tariff battle
by  AFP

US President Donald Trump and Chinese counterpart Xi Jinping are expected to speak by phone on Tuesday, just hours after slapping tariffs on each other's economies in an escalating trade war. White House Press Secretary Karoline Leavitt said on Monday that Trump was due to talk to Xi, but said Tuesday that "I don't have any updates on when that call will take place."

Despite tariff reprieve Canadians worry 'damage already done' to US ties
Despite tariff reprieve Canadians worry 'damage already done' to US ties
by  AFP

The trade war may be on hold, but in a Canadian border city where the unhindered flow of auto parts across the bridge to Detroit supports thousands of jobs, the future remains uncertain. Ford has been employing people in Windsor for more than 100 years and without auto jobs the city would be plunged into a "huge recession," he said.

Spain moves to slash working week to 37.5 hours
Spain moves to slash working week to 37.5 hours
by  AFP

Spain's minority leftist government on Tuesday approved a plan to reduce the working week to 37.5 hours in one of the world's fastest-growing developed economies. The Socialists committed to reduce the working week from 40 hours to 37.5 hours without any loss of salary by the end of 2025 as part of their 2023 coalition deal with the far-left party Sumar.

Ferrari reports another record-breaking year
Ferrari reports another record-breaking year
by  AFP

Italian luxury carmaker Ferrari posted another set of record results on Tuesday, with net profit surging to more than 1.5 billion euros last year. Ferrari had already posted a net profit for 2023, up 34 percent to 1.25 billion euros.

Ordinary Chinese stoic in the face of escalating US trade war
Ordinary Chinese stoic in the face of escalating US trade war
by  AFP

After China announced retaliatory tariffs against the United States, walkers along Shanghai's waterfront were stoic Tuesday in face of both the cold and the prospect of an escalating trade war. "The United States has been carrying out some very severe measures and policies against China.