Experts believe a wider spat with Europe would be much more damaging than the current tit-for-tat with China.Traderead more
After the Fed released minutes of its last meeting, the bond market signaled it fears the Fed will not be aggressive enough with its rate cutting.Market Insiderread more
The Fed minutes also note that "a couple" members wanted a 50 basis point cut, based primarily on the weak inflation readings.The Fedread more
Markets pay particular attention to Italy's spending, given its public debt pile. This stands at above 130% of its growth rate, one of the highest in the world.Politicsread more
Office phones, printers, building control systems and more — these may not sound like computers but they can all be hacked according to cybersecurity pros.Technologyread more
Software stocks are the place to be in tech as the sector mounts a recovery from its recent pullback, some analysts say.Trading Nationread more
Flight bookings to Hong Kong have fallen 10%, hit by the unrest in the city, said Alan Joyce, the chief executive of Australian carrier Qantas Airways.Airlinesread more
South Korea will scrap an intelligence-sharing pact with Japan amid an intensifying dispute over history and trade, South Korea's presidential office said on Thursday.Asia Politicsread more
Analysts generally doubt how effective the People Bank of China's latest interest rate announcement will be in significantly helping businesses grow.China Economyread more
Toyota's revolutionary approach to manufacturing turned it from a tiny Japanese automotive latecomer into one of the biggest car companies in the world. But its designs have...Autosread more
These in-demand skills can command top pay packets, says Feon Ang of professional networking site LinkedIn.Get Aheadread more
China’s embassy in Washington has issued a security advisory to Chinese nationals traveling to the United States, the latest such warning as trade tensions escalate between the two countries.
The embassy warned Chinese tourists to be aware of issues including expensive medical bills, the threats of public shootings and robberies, searches and seizures by customs agents, telecommunications fraud and natural disasters.
“Public security in the United States is not good. Cases of shootings, robberies, and theft are frequent,” the embassy said in the alert published on Thursday to its website.
“Travelers in the United States should be alert to their surroundings and suspicious individuals, and avoid going out alone at night.”
Aside from an additional warning about the risk of natural disasters, the advisory was similar to one the embassy posted in January.
Tensions are high between the two countries over the threat of tariffs.
U.S. President Donald Trump’s administration is set to impose tariffs on $34 billion worth of additional goods from China on Friday citing unfair Chinese trade practices, and has threatened successive waves of duties on up to $450 billion in Chinese imports.
China has vowed to retaliate in kind with its own tariffs on U.S. agricultural products and other goods and to take more “qualitative” measures if Trump escalates the conflict.
China’s Foreign Ministry, when asked on Tuesday if the timing of the alert was politically motivated, said the summer was the high season for Chinese going to the United States and that Chinese embassies had an obligation to warn citizens about potential risks abroad.
“This kind of reminder from the Chinese embassy in the relevant country, I think this is absolutely a matter that is in the scope of our duty,” ministry spokesman Lu Kang told a regular news briefing.
There was little mention of the latest embassy alert on Chinese social media.
China frequently issues travel warnings for Chinese abroad, generally in war-afflicted regions.
But some foreign governments have argued that Beijing uses other means, such as curtailing outbound tourism, to settle political or trade scores, though the Chinese government typically denies such issues are linked.
China banned all group tours to South Korea for part of 2017 in the wake of Seoul’s decision to install the U.S. Terminal High Altitude Area Defense system (THAAD), which has a powerful radar Beijing worries can penetrate Chinese territory.