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Why GM, Ford stocks are falling after Trump’s tariff plan for Mexico and Canada
Stocks of GM and Ford took a hit, amid concerns that Trump’s plan for tariffs on imports from Mexico and Canada could cut auto sales more than a million cars.Business - MarketWatch - Yesterday -
Trump tariffs on Canada would push up US petrol prices, say oil producers
President-elect’s threat could add 25% to the cost of crude from US’s biggest foreign supplierWorld - Financial Times - Yesterday -
Trump tariff plan could raise prices, blow up his own trade deal with Mexico, Canada
Trump's plan for tariffs against Canada and Mexico could dramatically raise prices for Americans and threaten a trade agreement negotiated by his own administration.Top stories - ABC News - 10 hours ago -
Oil watchers say inflation risks will stave off Trump's Canada tariff threat
Higher fuel prices are on the cards if President-elect Donald Trump implements tariffs on Canada, said industry experts.Business - CNBC - 11 hours ago -
Canada is already examining tariffs on certain US items following Trump's tariff threat
A government official says Canada is already examining possible retaliatory tariffs on certain items from the United States should President-elect Donald Trump follow through on his threat to ...World - ABC News - 8 minutes ago -
How Russia, China and Iran Are Interfering in the Presidential Election
Eight years after Russia interfered in the 2016 presidential election, foreign influence with American voters has grown more sophisticated. That could have outsize consequences in the 2024 race.Tech - The New York Times - October 29 -
Why Europe’s car crisis is mostly made in China
The once-lucrative market is now highly competitive and more Chinese EVs are being exported, compounding slower sales at homeWorld - Financial Times - October 29 -
China loses third of its billionaires as economy falters
ByteDance chief Zhang Yiming leads country’s ‘rich list’ with $49bn fortuneWorld - Financial Times - October 29 -
TikTok founder becomes China's richest man
Zhang Yiming's fortune has leapt to almost $50bn, according to a newly published rich list.Top stories - BBC News - October 29 -
India's growing influence means trouble for China’s alliance
India is becoming more important, something not good for China.Politics - The Hill - October 29 -
FirstFT: Harris calls on America to ‘turn the page’ on Trump
Also in today’s newsletter, Ukraine and Russia hold secret talks, while Alphabet and Reddit shares rise after resultsWorld - Financial Times - October 30 -
China’s Latest Security Target: Halloween Partygoers
Last year, the Shanghai government said Halloween celebrations were a sign of “cultural tolerance.” This year, the police rounded up people in costume.World - The New York Times - October 30 -
Volkswagen profit plunges 64% as China sales slide
Europe’s largest carmaker highlights ‘urgent need’ for cost reductions and efficiency gainsBusiness - Financial Times - October 30 -
UK borrowing costs rise as Reeves’ spending plans unnerve investors
Ten-year gilt yield hits five-month high after chancellor’s first BudgetBusiness - Financial Times - October 30 -
AstraZeneca China president under investigation by Chinese authorities
British drugmaker says Leon Wang is ‘co-operating with an ongoing investigation’Business - Financial Times - October 30 -
How Volkswagen Lost Its Way in China
A brutal price war, sudden shifts in consumer demand and human rights issues in Xinjiang have left VW stumbling in a market it led for 40 years.Business - The New York Times - October 31 -
China warning hits another medical equipment maker
Smith & Nephew shares slumped on Thursday as it became the second health equipment company in a week to warn that Chinese sales were getting hit hard.Business - MarketWatch - October 31