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Executives at Silicon Valley chip maker Intel say 'fluid' US trade policies and regulatory moves have increased the chances of economic slowdown

Intel Chief Vows To Thin Ranks At US Chip Maker

New Intel chief executive Lip-Bu Tan on Thursday announced upcoming layoffs at the struggling US chip maker as White House tariffs and export restrictions muddy the market.
AFP news Apr 25, 2025
Trump has defended Tesla but the company's sales have fallen

Tesla's EU Sales Plunge As Musk Takes Flak

Tesla electric car sales in Europe plunged in the first three months of the year, industry data showed Thursday, in a fresh blow to its boss Elon Musk who has been criticised for his work in US President Donald Trump's administration.
AFP news Apr 24, 2025
WASHINGTON, DC - MARCH 11: X Æ A-Xii, the son of White House Senior Advisor, Tesla and SpaceX CEO Elon Musk, plays with a toy car as Musk and U.S. President Donald Trump speak alongside a Tesla Model Y and a Cyber Truck on the South Lawn of the White Hous

Musk To Reduce White House Role As Tesla Profits Plunge

Elon Musk will significantly scale back his Trump administration work in May to focus on Tesla, the billionaire announced Tuesday as the electric vehicle maker reported a 71 percent drop in first-quarter profits.
AFP news Apr 23, 2025
Swiss pharma giant Roche has its headquarters in Basel

Roche Says Will Invest $50 Bn In US, As Tariff War Uncertainty Swells

Swiss pharmaceutical giant Roche on Tuesday announced plans to invest $50 billion in the United States over the next five years, following in the footsteps of rival Novartis, with US President Donald Trump's tariff war fuelling uncertainty in the sector.
AFP news Apr 22, 2025
Alleged scam centre workers beside dismantled electronic appliances during a crackdown operation in Myanmar

Asian Scam Centre Crime Gangs Expanding Worldwide: UN

Asian crime networks running multi-billion-dollar cyber scam centres are expanding their operations across the world as they seek new victims and new ways to launder money, the UN said on Monday.
AFP news Apr 21, 2025
Klaus Schwab was the driving force behind the World Economic Forum becoming an annual gathering of the world's rich and powerful

Davos Meet Founder Klaus Schwab Steps Down From WEF Board

The World Economic Forum said on Monday that its founder Klaus Schwab has stepped down from the board, turning a page in the history of the organisation that hosts the annual meeting of wealthy, famous and influential global elites at the luxury Swiss ski resort of Davos.
AFP news Apr 21, 2025
A container ship unloads its cargo at Kwai Chung Container terminal in Hong Kong

US Unveils New Port Fees For Chinese-linked Ships

The United States unveiled new port fees on Chinese built and operated ships Thursday, in a bid to boost the domestic shipbuilding industry and curb China's dominance in the sector.
AFP news Apr 18, 2025
Netflix has made a priority of bolstering its ad platform as viewers turn away from traditional television to streaming shows on demand

Netflix Earnings Top Forecasts Despite Economic Turmoil

Netflix on Thursday reported quarterly earnings slightly better than analysts expected, saying it is staying focused on what it can control as the overall economy is roiled by US President Donald Trump's trade war.
AFP news Apr 18, 2025
Mark Zuckerberg took direct aim at the US government's argument that he sought to neutralize rivals when his company Facebook, now Meta, bought Instagram and WhatsApp

Zuckerberg Denies Meta Bought Rivals To Conquer Them

Meta chief executive Mark Zuckerberg on Wednesday denied in court that his company bought rival services Instagram and WhatsApp to neutralize them, as his testimony in a landmark antitrust case came to a close.
AFP news Apr 17, 2025
US Federal Reserve Chair Jerome Powell, seen in early April, said Trump's tariffs could push up prices and slow growth

Trump Tariffs Could Put US Fed In A Bind, Powell Warns

US President Donald Trump's tariffs will likely push up prices and constrain growth, and could put the Federal Reserve in the unenviable position of having to choose between tackling inflation and unemployment, the central bank's chair said Wednesday.
AFP news Apr 17, 2025
The largest US exporter, Boeing has been caught in the crossfire of Trump's trade war with China

Boeing Faces Fresh Crisis With US-China Trade War

US aviation giant Boeing, fresh off a crippling labor dispute and quality control crisis, has now found itself drawn into the escalating trade conflict between Washington and Beijing.
AFP news Apr 16, 2025

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