Over 100 striking Samsung workers detained by Indian police for planning march
CHENNAI, India — Police on Monday detained 104 striking workers protesting low wages at a Samsung Electronics plant in southern India as they were planning a protest march without permission, with the dispute disrupting output at the key factory for…
Air Canada, pilots’ union reach tentative agreement to avoid shutdown
OTTAWA, Ontario — Air Canada and the union representing its pilots have come to terms on a labor agreement that is likely to prevent a shutdown of Canada’s largest airline. Talks between the company and the Air Line Pilots Association…
US Fed expected to announce its first interest rate cut since 2020
Washington — The Federal Reserve is gearing up to announce its first interest rate cut for more than four years on Wednesday, with policymakers expected to debate how big a move to make less than two months before the U.S….
China’s economy softens in August as Beijing grapples with lagging demand
BEIJING — China’s economy softened in August, extending a slowdown in industrial activity and real estate prices as Beijing faces pressure to ramp up spending to stimulate demand. Data published by the National Bureau of Statistics Saturday showed weakening activity…
Apple faces challenges in Chinese market against Huawei’s tri-fold phone
Taipei, Taiwan — The U.S.-China technology war is playing out in the smartphone market in China, where global rivals Apple and Huawei released new phones this week. Industry experts say Apple, which lacks home-field advantage, faces many challenges in defending…
White House takes aim at Chinese fast fashion
Washington — The White House said on Thursday it is acting on Democratic lawmakers’ demands to close what they see as a legal loophole that allows manufacturers — most from China — to dodge tariffs on low-priced goods and flood…
Analysts see options for US despite China’s mineral export controls
China’s launch of export controls on antimony and certain superhard materials starting September 15 is a reminder, analysts say, that the United States needs to expand its sourcing of the critical mineral as the tech rivalry between the world’s two…
Spain PM asks EU to ‘reconsider’ EV tariffs plan on Chinese electric cars
As he wrapped up a visit to China, Pedro Sanchez, Spain’s prime minister, has asked the EU to “reconsider” its plan to impose tariffs of up to 36 percent on Chinese electric cars. He says Brussels and Beijing need to…
US inflation reaches 3-year low as Federal Reserve prepares to cut interest rates
Washington — The post-pandemic spike in U.S. inflation eased further last month as year-over-year price increases reached a three-year low, clearing the way for the Federal Reserve to cut interest rates next week. Wednesday’s report from the Labor Department showed…
European business confidence in China is at an all-time low, report says
HONG KONG — China must reprioritize economic growth and reforms and boost investor confidence by leveling the playing field for all companies in the country, a European business group said Wednesday. With “business confidence now at an all-time low” over…