AFP

AFP

Small businesses warn of Trump tariff impact on toy industry at Comic-Con

AFP|Published

Toy companies have been fretting about the impact of Trump's global tariff blitz on the industry, particularly when it comes to China.

Cognac maker Remy Cointreau lifts guidance after China deal

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A major reason behind the improvement is the agreement earlier this month by European brandy exporters to raise prices in China to avoid anti-dumping duties, ending ...

New cryptocurrency may be aiding Russia to dodge sanctions

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Multiple rounds of international sanctions have been imposed on Moscow since its February 2022 invasion of Ukraine seeking to ramp up economic pressure to halt the ...

Nestle struggles amid weak China market

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Nestle's net profit falls sharply as the Swiss food giant grapples with sluggish consumer spending in China, raising concerns about its future growth. Discover how ...

Who makes laundry smell nice? Meet the professional 'noses'

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These busy heroes of the world of smells and aromas shape the connection millions of consumers have with everyday items.

The Pacific island nation that wants to mine the ocean floor

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Fringed by sparkling lagoons and palm-shaded beaches, Pacific nation the Cook Islands has opened its vast ocean territory for mining exploration.

Trump announces 'massive' Japan trade deal

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In an attempt to slash his country's colossal trade deficit, the US president has vowed to hit dozens of countries with punitive "reciprocal" tariffs if they do ...

Mozambique nears deal to revive Total’s $20 billion LNG plan

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As Mozambique's President Daniel Chapo nears a deal with TotalEnergies to restart a $20 billion LNG project, can the nation overcome its security challenges?

World's major courts take growing role in climate fight

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Almost 3,000 climate cases have been filed up to the end of 2024, in nearly 60 countries, according to the Grantham Research Institute, using data compiled by the ...

BP appoints new chairman after energy strategy reset

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Manifold will take the role at a challenging time for BP, following a difficult trading year and pressure from investors to boost its share price.

G20 nations agree central bank independence 'crucial'

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In a significant move, G20 finance ministers emphasise the need for central bank independence, countering US President Trump's ongoing criticisms of Federal Reserve ...

US Congress approves $9 bn in Trump cuts to foreign aid, public media

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The cuts achieve only a tiny fraction of the $1 trillion in annual savings that tech billionaire and estranged Trump donor Elon Musk vowed to find before his acrimonious ...

China mulls economy-boosting measures to counter 'severe situation'

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Retail sales rose far less than expected last month and were much weaker than May, suggesting efforts to kickstart consumption have fallen flat.

Swatch profits plunge on weak China sales

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Swatch Group's profitability takes a hit as weak sales in China overshadow growth in other regions, with net sales falling 11. 2% and profits plunging 88%. The company ...

Huawei reclaims top spot in China's phone market: data

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Huawei has reclaimed its position as the leading smartphone brand in China, outpacing Apple and local competitors, according to the latest IDC report. This significant ...

UK fines Barclays bank £42m for crime risk failings

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Barclays bank has been fined £42 million by the UK's FCA for serious lapses in financial crime risk management, raising concerns about the effectiveness of banking ...

Tech giants scramble to meet AI's looming energy crisis

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Experts at McKinsey, a US consulting firm, describe a race to build enough data centers to keep up with AI's rapid growth, while warning that the world is heading ...

Skidding Nissan to halt production at Japanese plant

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One of Nissan's six domestic plants, Oppama exmployed around 3,900 people as of October 2024 and began operations in 1961, according to the company's website.

Tesla marks India entry with first showroom

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Tesla has officially entered the Indian market with the opening of its first showroom in Mumbai, aiming to attract new customers as sales decline in the US and Europe. ...

EU says could target €72bn of US goods if tariff talks fail

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The European Commission unveils a bold proposal to target €72 billion worth of US goods if tariff negotiations with Washington fail, as tensions rise following President ...

IEA sees anaemic global oil demand growth amid tariff turmoil

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Global oil demand growth is faltering, with several countries feeling the pinch from US tariffs, according to the International Energy Agency (IEA). What does this ...

Boeing evades MAX crash trial with last-minute settlement

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Boeing has reached a confidential settlement with Paul Njoroge, who lost his family in the tragic 737 MAX crash of 2019, thus avoiding a federal trial set for Monday. ...

BRICS' criticism brings Trump 10% tariff threat

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US President Donald Trump responds to BRICS' criticism of his trade policies with a stark warning of a 10% tariff on nations aligning with the bloc, as tensions ...

OPEC+ to hike petrol output to 548 000 bpd in August

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OPEC+ members, including Saudi Arabia and Russia, have announced a surprising increase in oil output to 548 000 barrels per day in August, defying analyst expectations ...

BRICS nations to denounce Trump tariffs

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At the upcoming BRICS summit in Rio de Janeiro, leaders from Brazil, Russia, India, China, and South Africa are set to address Donald Trump's controversial tariffs, ...