Suranjana Tewari Asia Business Reporter Getty Images Li Chenggang is a former World Trade Organisation and UN representative China has unexpectedly appointed a new trade envoy, as officials said the US’s practice of “tariff barriers and trade bullying” is having a serious impact on the global economic order. Li Chenggang, a former assistant commerce minister…
A customer carries merchandise from a Hermes store on Feb. 14, 2025. Scott Olson | Getty Images Europe’s beloved luxury brands may be largely sheltered from the initial effects of sweeping U.S. tariffs, but the risks of a wider economic downturn spell bad news for the sector’s long-awaited recovery. Shares of European luxury stocks LVMH,…
Natalie Sherman BBC News, New York Watch: Key moments in Trump’s ‘Liberation Day’ tariffs announcement President Donald Trump has unveiled plans for sweeping new import taxes on all goods entering the US, in a watershed moment for global trade. The plan sets a baseline tariff on all imports of at least 10%, consistent with a…
Elon Musk’s Twitter profile displayed on a computer screen and Twitter logo displayed on a phone screen are seen in this illustration photo taken in Krakow, Poland on April 9, 2022. Jakub Porzycki | Nurphoto | Getty Images A proposed class-action lawsuit against Elon Musk and his family office Excession can proceed in federal court,…
Ukrainian President Volodymyr Zelensky has said he hopes the US will “stay strong” in the face of Russian demands to lift sanctions as a condition for a ceasefire in the Black Sea. Moscow said a maritime truce announced on Tuesday to allow safe passage for commercial vessels would only begin once Western restrictions on Russia’s…
British Airways crew members arrive at terminal 5 at Heathrow on March 21, 2025 in London, England. Peter Nicholls | Getty Images London’s Heathrow Airport reopened Saturday but travellers are being warned of significant delays as airlines scramble to resume flights and return stranded passengers. Europe’s busiest airport was closed for most of Friday after…
US Justice Department The aftermath of an arson attack on a Tesla dealership in Oregon, pictured in court documents US Attorney General Pam Bondi said Thursday that three defendants accused of vandalism targeting Elon Musk’s Tesla electric vehicle company could face up to 20 years in prison. Bondi said the damage to Tesla cars, dealerships…
US President Donald Trump has warned Iran that it will face “dire” consequences if Yemen’s Houthis continue to attack international shipping lanes. He said the Iranian leadership would from now on be viewed as having pulled the trigger for “every shot fired by the Houthis”, which have long been backed by Tehran. Trump’s threat came…
The Trump administration has sent hundreds of Venezuelans accused of being gang members to a prison in El Salvador, pushing the limits of U.S. immigration law seemingly after a federal judge ordered that the deportation flights not proceed. President Nayib Bukele of El Salvador posted a three-minute video on social media on Sunday of men…
Regan Morris BBC News Reporting fromBurbank, California BBC Tesla facilities across the US are facing protests and vandalism in response to the political role Elon Musk, who owns the car manufacturer, has played in the Trump administration. Most “Tesla Takedown” protests have been peaceful, but a few have been destructive with fires intentionally set at…
