TRADE WARS - AFRICA DAILY

China's July factory activity weakens on soft demand

Jul 31, 2022 (AFP)

The Purchasing Managers' Index (PMI), a key gauge of manufacturing activity in the world's second-biggest economy, came in at 49.0 in July, down from 50.2 June ...

Estonia blocks Russian student visas

Jul 28, 2022 (AFP)

"The continuation of sanctions against Russia is essential to ensuring relentless pressure on the country," Foreign Minister Urmas Reinsalu said in a statement....

Asia's richest woman loses half her wealth in China property crisis

Jul 28, 2022 (AFP)

Yang Huiyan, a majority shareholder in Chinese property giant Country Garden, saw her net worth plunge by more than 52 percent to $11.3 billion from $23.7 billi...

China's industry minister faces corruption probe

Jul 28, 2022 (AFP)

Xiao Yaqing is among the biggest names caught up in President Xi Jinping's anti-corruption drive, and the investigation into him comes ahead of a key leadership...

Macau to open bidding for six casino licences

Jul 28, 2022 (AFP)

The former Portuguese colony is the only territory in China where casinos are permitted, and issues just six operating concessions for a multibillion-dollar ind...

Biden, Xi agree to hold face-to-face summit

Jul 28, 2022 (AFP)

Although this was their fifth phone or video call since Biden took office a year and a half ago, the summit would be their first in-person meeting as leaders. N...

Most Asian markets down as Fed prepares latest hike

Jul 27, 2022 (AFP)

The selling followed a steep drop on Wall Street fuelled by concerns that four-decade high inflation and rising borrowing costs were keeping Americans from spen...

Most markets rise as traders prepare for Fed meeting

Jul 27, 2022 (AFP)

The reports from Wall Street titans including Microsoft and Alphabet helped soothe anxiety ahead of an expected Federal Reserve interest rate hike. The day star...

Truss joins UK Conservative rival in vowing tough line on China

Jul 27, 2022 (AFP)

Foreign Secretary Truss marked the opening Thursday of the Commonwealth Games, in the English city of Birmingham, by saying the club of former UK colonies was a...

Asian traders cautious ahead of results, Alibaba lifts Hong Kong

Jul 26, 2022 (AFP)

A shock cut in US retail titan Walmart's profit outlook poured fuel on concerns that surging inflation and rising borrowing costs are hammering consumer spendin...

Biden undecided on China tariffs ahead of Xi call: W.House

Jul 26, 2022 (AFP)

John Kirby, spokesman for the National Security Council, said the administration believes the tariffs imposed during a trade war under former president Donald T...

China sales drop darkens Adidas outlook

Jul 26, 2022 (AFP)

The Nike rival now sees net profit for the year coming in at 1.3 billion euros ($1.3 billion) compared to its earlier forecast of between 1.8 and 1.9 billion eu...

Croatia opens bridge around Bosnia to get to Dubrovnik

Jul 26, 2022 (AFP)

The 2.4-kilometre (1.5-mile) span reaches out from the Croatian mainland to the Peljesac peninsula that connects with the southern part of Croatia's coastline n...

UK PM rivals spar over tax, China in first head-to-head TV debate

Jul 25, 2022 (AFP)

The primetime debate kicked off a crucial 12-day period featuring three such live TV duels and four husting events in front of Conservative party members who wi...

Stock markets drift lower as traders prepare for big week

Jul 25, 2022 (AFP)

While the US central bank is widely expected to hike borrowing costs by 75 basis points, traders will be poring over policymakers' views on the outlook for the ...

Why is the world worried about China's property crisis?

Jul 24, 2022 (AFP)

The boycott came with many developers struggling to manage mountains of debt, and fears swirling that the crisis could spread to the rest of the Chinese -- and ...

Stocks mixed as traders eye weak data, euro drops

Jul 22, 2022 (AFP)

The euro gave back most of the gains enjoyed after the European Central Bank ramped up borrowing costs more than forecast, with energy concerns and Italian poli...

Euro up as Russia gas returns, equities struggle ahead of ECB decision

Jul 21, 2022 (AFP)

The news helped Asian markets, which recovered from an early sell-off to end mixed following news that the Nord Stream 1 pipeline's taps had been switched back ...

Uruguay says pursuing China trade deal with or without Mercosur partners

Jul 21, 2022 (AFP)

As Argentina appealed for a common front at a Mercosur summit in Paraguay, Uruguay's President Luis Lacalle Pou stood his ground, announcing that delegations fr...

HSBC's China investment bank adds Communist Party committee: FT

Jul 21, 2022 (AFP)

HSBC Qianhai Securities installed a CCP committee after HSBC's stake in the joint venture increased from 51 to 90 percent, the FT said, citing two people famili...