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Bank of England cuts rates to 4.25% as it sees tariff hit to growth
[LONDON] The Bank of England cut its main interest rate by 0.25 percentage points to 4.25 per cent on Thursday, despite an unexpected three-way split among policymakers as US...
Toyota sees 180 billion yen profit hit in two months from tariffs
[TOKYO] Toyota Motor said US President Donald Trump’s tariffs will result in a 180 billion yen (S$1.6 billion) hit to operating income in just two months, with the Japanese...
Toyota sees US$1.3 billion profit hit in two months on tariffs
[TOKYO] Toyota Motor said US President Donald Trump’s tariffs will result in a 180 billion yen (S$1.6 billion) hit to operating income in just two months, with the Japanese...
AMD Faces $1.5 Billion Revenue Hit Amid U.S. Chip Export Curbs to China
In April 2025, the American government placed further restrictions on the export of chips to China, requiring firms such as AMD and Nvidia to secure a license prior to...
Low-cost carriers hit hardest by US travel demand slump
[CHICAGO] A slump in travel demand due to President Donald Trump’s trade war has left all US airlines reeling, but the pain is most acute at budget carriers.
Southwest, Frontier...
Nvidia CEO says China AI market is on course to hit US$50 billion
Jensen Huang is lobbying against the tightening of restrictions on his company and peers that limit their access to China, the biggest market for semiconductorsPublished Wed, May 7, 2025...
Hong Kong’s freight forwarding industry hit by trade war, SCMP reports
Published Tue, May 6, 2025 · 12:04 PM[HONG KONG] Hong Kong’s freight forwarding industry is reeling from the US-China trade war with 41 per cent of container capacity from...
Shein, Temu ramp up advertising in UK and France as US tariffs hit
[NEW YORK] Shein and Temu, fast-fashion e-commerce platforms that ship merchandise from China, boosted their spending on digital ads in Europe in April, data from market intelligence firm Sensor Tower showed,...
