Us Firms Say Confidence in China Has Hit An Alltime Low
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KPMG readies challenge to US law firms
Big Four accounting firm wins panel endorsement for Arizona license to offer legal services to corporate AmericaFinancial Times - 19h -
China discussing using Musk as broker in TikTok deal
Officials consider involving billionaire confidant of Donald Trump in effort to save video app from US banFinancial Times - 20h -
Brown-Forman laying off 648 people as stock price hits 10-year low and sales decline
Jack Daniels whiskey maker Brown-Forman Corp. said Tuesday it would cut 12% of its work force or about 648 jobs in the face of a 10-year-low in its stock price and four straight quarters of ...MarketWatch - 21h -
Starmer has ‘full confidence’ in Reeves despite pressure on UK chancellor
Prime minister says she is doing a ‘fantastic job’ but declines to promise she will be in post at the next electionFinancial Times - 1d -
GSK to buy US cancer drug firm IDRx for up to $1.15bn
Massachusetts-based company is working on new treatments for gastrointestinal cancers. Business live – latest updates GSK has struck a deal worth up to $1.15bn (£950m) to acquire a ...The Guardian - 1d -
China’s trade surplus hits annual record of almost $1tn
Rise in exports expected to increase tensions with US and other trade partnersFinancial Times - 2d -
US streamlines deportation flights to China
The Biden administration repatriated more than 500 Chinese nationals in the last year, laying the groundwork for systematic deportations across the Pacific Ocean. On Friday, the Department of ...The Hill - 4d -
US hits Venezuela with new sanctions after Maduro's 'illegitimate' inauguration
The Biden administration announced a slew of new sanctions against allies of Venezuelan President Nicolás Maduro in opposition to his claim of election victory, calling his Friday inauguration ...The Hill - 4d -
China has ample fiscal space to bolster growth this year
Yahoo News - 4d -
Low water supply causing ‘a real challenge’ in battling wildfires, says L.A. Fire Dept. Official
Capt. Erik Scott, Public Information Officer for the Los Angeles Fire Department, joins Meet the Press NOW with the latest on the fight against wildfires in Los Angeles County.NBC News - 5d -
Winter storm to hit US south again, carrying in snow and freezing weather
Cities cancel flights and school in anticipation as Dallas, Texas, is expected to get a year’s worth of snow. Parts of Texas and the US south are getting hit with yet another winter storm.. The ...The Guardian - 5d -
How business is bracing for a US-China trade war
President-elect Trump talked tough on tariffs on his way to securing a resounding win for Republicans in November, and now businesses are preparing for a trade war that could eclipse the one that ...The Hill - 6d -
Two men killed in shooting at German firm were brothers, police say
Yahoo News - 6d -
The Deep South has fallen to a college football low point
With no teams left in the College Football Playoff, the region's long-running domination of the sport appears to be at an end. So what gives?Yahoo Sports - 6d -
China’s currency hits 16-month low on Trump tariff fears
Renminbi under pressure from stronger dollar and concerns about incoming US president’s trade plansFinancial Times - Jan. 8 -
Shein lawyer refuses to tell MPs if fashion firm uses Chinese cotton
Yinan Zhu declined to say whether it retailer's suppliers used Chinese cotton amid concerns over forced labour.BBC News - Jan. 7 -
FirstFT: US corporate bankruptcies hit 14-year high
Also in today’s newsletter, Trump reiterates ambition to buy Greenland and Wall Street’s top regulator steps downFinancial Times - Jan. 7 -
Another year of big wage hikes likely at big Japan firms, business lobby chair says
Yahoo News - Jan. 7 -
China’s yuan hits 16-month low amid fears over Trump tariffs
CSI 300 blue-chip stock index also trades weakly, hitting its lowest point since September. China’s currency hit a 16-month low on Monday, despite efforts by the central bank and stock exchanges to ...The Guardian - Jan. 6 -
Fed has hit the pause button for rates, and may only cut once this year, experts say
The Federal Reserve is going to sit on the sidelines and may only cut rates once this year, according to prominent economists attending the American Economic Association meeting in San Francisco ...MarketWatch - Jan. 6 -
UK firms plan price rises as business confidence falls to lowest level since 2022 ‘mini-budget', survey finds
Firms across hospitality, manufacturing, construction and healthcare expressed concerns about how they would cover additional tax costs.CNBC - Jan. 6 -
Assad’s fall is an opportunity for a US win over China
Trump may believe that Syria is “not our fight,” but the competition with China is very much ours and will undoubtedly be a focus of his administration.The Hill - Jan. 5 -
US set for IPO comeback as private equity firms seek to offload holdings
Bankers hope strong 2024 gains for Wall Street equities and pro-business policies will drive listings reboundFinancial Times - Jan. 5 -
At 19, Tom Holland beat 1,500 actors for 'Spider-Man' role: He had 'the charisma, the confidence, the energy,' director says
The actor used his athleticism to help land the role of the acrobatic wall crawler.CNBC - Jan. 4 -
China has cost the U.S. millions of jobs. Trump will change that — not necessarily for the better.
Trump needs to make friends in Asia or his China tariffs will hurt Americans.MarketWatch - Jan. 4 -
Only US leadership can stop China’s economic power in Latin America
The only way to stop China’s accelerated advance in Latin America continues to be democracy and the counterweight of greater leadership from Europe and the U.S.The Hill - Jan. 4 -
Chinese cyber firm linked to botnet attack sanctioned in US
The federal government hit Chinese cyber group Integrity Technology Group with new sanctions on Friday, citing alleged computer intrusion incidents against those in the U.S. At the direction of the ...The Hill - Jan. 3 -
Covid surges across US after holidays amid low booster uptake
Test positivity, emergency room visits, hospitalizations and deaths are increasing as expert warns: ‘It’s still dangerous’. . Covid is once again surging across the US after an unusual relative ...The Guardian - Jan. 3 -
'Unprecedented': The most punctual global airline last year was 'absolutely' a surprise, analytics firm CEO says
Aeromexico, Saudia and Delta Air Lines were the most on-time global airlines in 2024, according to a report by aviation company Cirium.CNBC - Jan. 3 -
Antony Blinken: ‘China has been trying to have it both ways’
The outgoing US secretary of state on putting pressure on Beijing over Ukraine, the ‘road map’ for Syria — and why America must co-operate in order to leadFinancial Times - Jan. 3 -
Sabres Hit New Low In Latest Epic Collapse
The Sabres suffered another ugly loss, this time to the Avalanche.Yahoo Sports - Jan. 3 -
Chinese stock market slump deepens with bond yields hitting record lows as PBOC reportedly signals rate cuts
Economic data on tap appeared thin on Friday, while investors in Asia continue to assess China's monetary easing policy, political chaos in South Korea.CNBC - Jan. 3 -
China Hits Dozens of U.S. Companies With Trade Controls
The move was the latest escalation in the back and forth between Beijing and Washington over products considered vital to national security.The New York Times - Jan. 2 -
China hits dozens of U.S. companies before expected Trump tariffs
China's Ministry of Commerce adds 28 U.S. entities to export control list to "safeguard national security and interests."CBS News - Jan. 2 -
The Panama Canal Has a Big Problem, but It’s Not China or Trump
Climate change is causing drought conditions that are making the Panama Canal harder to operate and more expensive to pass through.The New York Times - Jan. 1 -
Number of US venture capital firms falls as cash flows to tech’s top investors
Risk-averse financial institutions concentrate money on biggest Silicon Valley VCs in trend that threatens smaller groupsFinancial Times - Jan. 1 -
US investors in China venture funds race to comply with new tech rules
Financial institutions rush to secure assurances their money is not being used to develop Chinese technologyFinancial Times - Jan. 1