Political pressure is mounting over a plan by a Hong Kong conglomerate to sell its Panama ports to BlackRock, the American investor, raising questions about the future of the $19 billion deal. John Lee, the leader of Hong Kong, added his voice on Tuesday to escalating warnings from China, saying the transaction deserved “serious attention.” … Read more
At first, the misbehavior she alleges is comically petty. She writes about realizing that Zuckerberg’s subordinates are letting him win at the board game the Settlers of Catan. (Another time, when she beats him, he accuses her of cheating.) Sandberg baffles her by appearing to claim, falsely, that she’d been booked on an Asiana flight … Read more
President Trump is using tariffs to rewire the global economic order in a flurry of on-again, off-again maneuvers, arguing they will boost U.S. factories and generate revenue. But his strategy has already triggered retaliation from major trading partners, rattled markets and upended diplomatic ties. On Wednesday, the European Union announced up to $28 billion in … Read more
Taiwanese authorities said they had detained a cargo ship crewed by Chinese nationals, which investigators believe may have severed an undersea communications cable near the island on Tuesday. It was the latest in a series of murky incidents that have prompted theories that China and Russia may be turning to cable sabotage as a form … Read more
They spent up to 10 years at sea, toiling in some of the harshest conditions distant-water fishing crews can face. Many never set foot on land because their Chinese captains did not want them to be seen by the port authorities. Most of their salaries went directly to their government, and some of their catch … Read more
Friedman: You know, what concerns me about Trump, Patrick, is that he’s got a real upside. The upside is that he is ready to shake up the game board. And the game board sometimes really does need to be shaken up. Why are we still talking about the Israeli-Palestinian conflict? Why are there still Palestinian … Read more
President Trump’s readiness to use coercive tariffs presents a profound threat to the postwar economic and political order, introducing an unpredictability to global commerce that makes it difficult for trade partners to know how to react — and next to impossible for businesses to plan. But he is not the only danger the world economy … Read more
Indian Overseas Congress chief Sam Pitroda said the India-China border dispute has been “blown out of proportion” because the US “has a tendency to define an enemy”. His comments came in response to US President Donald Trump’s offer to mediate in the issue during Prime Minister Narendra Modi’s visit to Washington last week. “I don’t … Read more
President Trump announced sweeping tariffs on foreign steel and aluminum on Monday, re-upping a policy from his first term that pleased domestic metal makers but hurt other American industries and ignited trade wars on multiple fronts. The president signed two official proclamations that would impose a 25 percent tariff on steel and aluminum from all … Read more
President Trump is moving forward with extensive tariffs on America’s closest trading partners. Beginning Tuesday, companies bringing products into the United States from Canada and Mexico will pay a 25 percent tariff; importers bringing products in from China will pay an additional 10 percent on top of existing levies. The president has insisted that these … Read more