Economy

Economy Latest News

German flying taxi start-up's rescue deal collapses
German flying taxi start-up's rescue deal collapses
by  AFP

A German flying taxi start-up said on Friday it would halt operations after a deal to rescue it fell through, the latest turbulence to hit the sector. In December another German flying taxi start-up, Volocopter, filed for insolvency after struggling to overcome hurdles in developing a two-seater electric air taxi. sr/jsk/sbk

Tech, auto, medicines: who will pay Donald Trump's tariffs?
Tech, auto, medicines: who will pay Donald Trump's tariffs?
by  AFP

After steel and aluminium, US President Donald Trump has set his sights on slapping 25 percent tariffs on semiconductors, cars and pharmaceuticals. Here's a look who would be hit the hardest if US import tariffs on semiconductors, cars and pharmaceuticals go into force.

US, China economic leaders raise 'serious concerns' in first call
US, China economic leaders raise 'serious concerns' in first call
by  AFP

US Treasury Secretary Scott Bessent and his Chinese counterpart He Lifeng raised mutual concerns on trade and economic issues in their introductory call Friday, as tensions between the world's two biggest economies simmer under President Donald Trump's second term.