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Xi Jinping wants you to know that he will not be cowed.Confronted with the latest threat from President Trump of an additional 50 percent tariff on Chinese goods unless Beijing reverses its retaliatory levies on U.S. imports, China’s top leader has remained defiant. His Ministry of Commerce on Tuesday accused the United States of “blackmail” and declared that Beijing would “fight to the end.”But behind the bravado is a more complicated set of realities for Mr. Xi that makes it politically and economically untenable to offer concessions to the country’s single largest trading partner and chief rival for global influence.…

There was a time, not long ago, when Israel’s resumption of the war in the Gaza Strip three weeks ago — a renewed offensive that has already claimed more than a thousand casualties — would have unleashed fierce Western pressure on Benjamin Netanyahu, the country’s prime minister.The condemnations would have been swift, in public and in backroom conversations. The demands for restraint would have come from Europe and the White House, where during four years, President Joseph R. Biden Jr. sometimes tried, and often failed, to contain Mr. Netanyahu’s impulses.Now Mr. Biden is gone, and President Trump has made it…

Boris Johnson, the former British prime minister, was cruising slowly through what appeared to be a wildlife park when, without warning, the ostrich stuck its head through the open driver’s side window to give Mr. Johnson a feisty peck.“Ow!” Mr. Johnson can be heard shouting, as his toddler giggles with amusement.The incident was shared on Sunday in a video posted to Instagram by Mr. Johnson’s wife, Carrie Johnson, accompanied by the caption, “Too funny not to share 😂.”In the clip, after Mr. Johnson yelps, he seems to express some profanities (though they are somewhat inaudible). He then grabs the steering…

There have certainly been better times to be looking at your financial portfolio. “I was just meeting with my accountant,” Calgary resident Shannon Matheson said.“Things are in the minus… it’s ouchy.” “It’s not been great,” said Darrin Ambrose, another Calgary resident.Trillions have been lost from the global stock market since the U.S. Trump administration announced retaliatory tariffs on dozens of countries — leading to economic volatility, poor sentiment and lots of red on index screens around the world.The Canadian dollar, Toronto Stock Exchange (TSX) and crude oil all finished lower on the day Monday, despite an earlier rally.Adding to the…

A group of WA biotechs have urged the State Government to match the existing Federal research and development tax incentive in a move they are certain will attract and retain talent.

JAKARTA: Indonesia announced a spate of concessions for US imports on Tuesday (Apr 8), including reducing taxes on electronic goods and steel, ahead of trade negotiations with Washington over President Donald Trump’s sweeping tariffs. South East Asia’s biggest economy will send a high-level delegation to the United States next week seeking a deal to ease the impact of a 32 per cent tariff due to take effect on Wednesday. Indonesia plans to buy liquefied petroleum gas, liquefied natural gas and soybeans from the United States as part of the negotiation efforts, said chief economic minister Airlangga Hartarto, who will lead…

In SummaryA large portion of the workforce in Africa, estimated at 85.8%, is employed in the informal sector.Africa’s FDI inflows reached a record $94 billion in 2024, a surge of 84%–with experts projecting a double-figure increase by the end of 2025.In 2024, Foreign Direct Investment (FDI) flows into Africa surged to a record $94 billion, representing an 84% increase, driven by a megaproject in Egypt’s Ras El-Hekma peninsula, according to UN Trade and Development (UNCTAD).Deep Dive!!Africa’s business landscape in 2025 presents a tapestry of opportunities and challenges, shaped by its diverse economies, rich natural resources, and burgeoning digital transformation. For…

The death toll from flooding in the Democratic Republic of the Congo (DRC) has continued to rise as authorities race to evacuate people. The floods over the weekend, prompted by heavy rains, cut access to more than half of the capital Kinshasa. By Sunday evening, the death toll had risen to 33 as authorities struggled to evacuate and support hundreds of families trapped in their homes. The DRC’s Interior Minister Jacquemain Shabani announced on state television late on Sunday that 10 more people had been confirmed dead, adding to the previous day’s count of 23. The heavy rains began last…

President Donald Trump’s „Liberation Day“ tariffs imposed a 10% baseline on all imports — with steeper rates for countries with trade deficits — sparking pushback from Democratic governors trying to shield their states from any fallout.While the Trump administration has maintained that the aggressive new tariffs will ultimately strengthen the U.S. economy and protect American workers, Trump’s new tariff orders have impacted global markets as Democratic governors unite in opposition.Govs. Gavin Newsom, J.B. Pritzker, Josh Shapiro, Jared Polis, Tim Walz and Kathy Hochul are among the growing list of Democratic governors speaking out against Trump’s tariffs – and, in some…

This time, maybe the stock market is the economy.Financial markets around the world have plummeted in the days since President Trump announced sweeping tariffs, setting off a global trade war. The S&P 500 declined more than 10 percent in two days last week, and it swung wildly on Monday amid news of further tariffs and rumors of delays. Stock indexes in Asia and Europe have fallen sharply as well.Experts often caution that the stock market can be a misleading measure of the broader economy. Share prices can move for a host of reasons — technological developments, shifts in consumer preferences,…