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India's Modi in Sri Lanka for defence and energy deals

Sri Lanka's leader rolled out the red carpet on Saturday for Prime Minister Narendra Modi, as Colombo balances ties with neighbouring giant India and its biggest lender, China.

Fractious Republicans seek unity over Trump tax cuts

US senators were set to vote Saturday on unlocking trillions of dollars for sweeping tax cuts promised by President Donald Trump, despite bitter infighting among the majority Republicans over the savings that will be needed to fund them.

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US Fed's preferred inflation gauge shows some cause for concern

The US Federal Reserve's preferred inflation measure was largely unchanged last month, according to government data published Friday, but a widely scrutinized gauge of underlying price pressures rose.

Germany says 'nothing off table' in US tariff row

Germany said Friday it hopes the EU and United States can negotiate an agreement on US auto tariffs but the bloc was ready to retaliate, warning: "Nothing is off the table."

Stock markets drop as autos suffer more tariff-fuelled losses

Auto companies bore the brunt of stock market losses again on Friday after President Donald Trump announced steep tariffs on vehicle imports to accompany a wave of US levies next week.

No 'spring revival' for Germany as unemployment rises

Germany's unemployment rate unexpectedly rose in March after holding steady for two months, data showed Friday, with economists lamenting no "spring revival" was in sight for Europe's ailing top economy.

Pilgrim walks across Bosnia to help heal the lasting wounds of war

Josip Jelinic knelt down in the pouring rain, leaned on a wooden crucifix and uttered words that are still rare in Bosnia, 30 years after the end of a brutal civil war.

Asian markets sink as autos suffer more tariff-fuelled losses

Auto companies once again took the brunt of the selling on another tough day for markets Friday after President Donald Trump announced steep tariffs on vehicle imports to go with a wave of other US levies pencilled in for next week.

Japan PM says Trump's tariff views hard to understand

Japanese Prime Minister Shigeru Ishiba said Friday that Donald Trump's views on tariffs were "difficult to understand" after the US president announced 25 percent levies on imported cars and parts.

The UK car loan scandal that could cost banks billions

Banks may have to pay out tens of billions of pounds if the British Supreme Court upholds a judgment ruling controversial car loans are unlawful, in a case beginning in April.

'My entire life': Saudi tailor keeps robe-making craft alive

Saudi tailor Habib Mohammed's shop once made ornate, hand-woven cloaks for royals, a time-honoured craft he is determined to preserve even as mass-produced garments flood the market, threatening his traditional business.

Regulator clears Qatar Airways-Virgin Australia alliance

Australia's competition regulator gave the go-ahead Friday for Qatar Airways to launch an alliance with Virgin Australia.

US judge orders Trump admin to save 'Signalgate' chat

A US judge ordered Donald Trump's administration on Thursday to preserve messages from a chat group used by top national security officials to discuss plans for an attack on Yemen's Huthi rebels.

Autos lead market losses after Trump unveils sharp tariffs

Automakers were battered Thursday as stock markets fell on both sides of the Atlantic after US President Donald Trump announced significant tariffs on imported vehicles and parts, pressing ahead with tough trade policies many fear will spark a recession.

Rubio warns Venezuela of force if it attacks oil-rich Guyana

Top US diplomat Marco Rubio on Thursday issued a stern warning against Venezuela if it attacks its newly oil-rich neighbor Guyana, brandishing the power of the US military to protect the small South American nation.

Era of close ties with US 'is over': Canada PM Carney

The era of deep economic, security and military ties between Canada and the United States "is over," Prime Minister Mark Carney said Thursday, after President Donald Trump announced steep auto tariffs.

US auto industry stunned by tariffs meant to save it

The 25 percent tariffs on automobiles announced by President Donald Trump are meant to revitalize American industry, but Detroit's giants were stunned Thursday by their scale and faced a beating on Wall Street.

Argentina seeking $20 billion IMF loan

Argentina has sought a $20 billion loan from the International Monetary Fund, the country's economy minister said Thursday, as the government struggles to hold on to foreign reserves while propping up an ailing currency.

Space telescope Gaia sent into 'retirement' but legacy endures

Europe's Gaia space telescope was powered down and sent into "retirement" on Thursday after a decade revealing the secrets of the Milky Way, but its observations will fuel discoveries for decades to come.

BBC launches survey on its future ahead of funding review

The BBC launched a UK-wide poll on Thursday asking audiences for their views on its future, as the cash-strapped British public broadcaster braces for a funding review.

Walmart to invest billions in Mexico despite US tariff threat

US retail giant Walmart said Thursday that it would invest more than $6 billion in Mexico this year, despite President Donald Trump's escalating trade wars with Washington's partners and competitors alike.

Autos lead market losses after Trump tariffs

Shares in automakers led stock market losses Thursday after US President Donald Trump announced painful tariffs on imported vehicles and parts as he presses hardball trade policies many fear will spark a recession.

Crisis-hit German rail operator reports another massive loss

German rail operator Deutsche Bahn reported another massive annual loss Thursday as it battles a "serious crisis" but said government plans to ramp up infrastructure spending could get it back on track.

Star-mapping space telescope Gaia sent into 'retirement orbit'

After more than a decade mapping out our home galaxy, the Gaia space telescope was powered down and sent into "retirement orbit" around the Sun on Thursday, the European Space Agency said.

Tariff-hit British Steel confirms plan to shut blast furnaces

Chinese-owned British Steel confirmed Thursday plans to shut blast furnaces and other operations in England, saying US President Donald Trump's tariffs on the sector were partly to blame for a decision which could cost up to 2,700 jobs.

Hundreds of fungi species threatened with extinction: IUCN

Deforestation, farming and climate-fuelled fires are driving increasing threats to fungi, the lifeblood of most plants on Earth, the International Union for Conservation of Nature warned on Thursday.

Tariff-hit British Steel confirms furnace closures

Chinese-owned British Steel confirmed Thursday plans to shut blast furnaces and other operations in England, blaming a decision that risks up to 2,700 job losses partly on US tariffs.

Macron hosts Europe's 'coalition of willing' to protect Ukraine

French President Emmanuel Macron on Thursday was hosting European leaders including Ukraine's Volodymyr Zelensky on Thursday for a summit aimed at boosting Ukrainian security ahead of any potential ceasefire with Russia.

Rubio offers US security for oil-rich Guyana as Venezuela looms

Secretary of State Marco Rubio heads Thursday to Guyana to offer to put the newly oil-rich nation under the US security umbrella as neighboring Venezuela asserts claims.

Global outcry as Trump heaps 25% tariffs on foreign-built vehicles

World powers on Thursday blasted US President Donald Trump's steep tariffs on imports of vehicles and car parts, vowing retaliation as a widening trade war intensifies.

Autos lead market losses after Trump's latest tariffs salvo

A plunge in automakers hit Asian and European equities on Thursday after Donald Trump announced painful tariffs on all imported vehicles and parts as he presses hardball trade policies many fear will spark a recession.

China rebuffs Trump offer of tariff concessions if Beijing agrees TikTok deal

China rebuffed on Thursday a suggestion from US President Donald Trump that he might offer to reduce tariffs on the country to get Beijing's approval for the sale of popular social media platform TikTok.

Pressing matters: White House shake-up boosts pro-Trump media

It was a moment that instantly went viral -- a White House reporter asking Volodymyr Zelensky why he wasn't wearing a suit in the Oval Office just before his huge row with Donald Trump.

Japan warns of 'significant impact' from US tariffs

Japan's government warned Thursday of a "significant impact" on its economic ties with the United States and on global trade, after President Donald Trump announced import tariffs on cars.

The Japan Times - Economy (English)