TRADE WARS - INTERN DAILY

US leads massive economic stimulus effort against coronavirus, EU shuts borders

Mar 17, 2020 (AFP)

After coming under criticism that they were mismanaging the response, both London and Washington announced massive economic stimulus packages. President Donald ...

China industrial output contracts for first time in decades

Mar 16, 2020 (AFP)

Industrial production for January and February shrank 13.5 percent in the first two months of the year, markedly worse than a Bloomberg poll of analysts which f...

Virus credit crunch risks turning firms into zombie army

Mar 16, 2020 (AFP)

Amid signs that banks and investors have already retrenched their lending, central banks are trying to ensure that the flow of credit to businesses remains open...

US ramps up virus response with shutdowns, rate cut

Mar 16, 2020 (AFP)

The fast-spreading outbreak has claimed almost 70 lives in the United States, disrupting every walk of life as Americans panic-buy essentials and brace for what...

China tightens quarantine for international arrivals

Mar 16, 2020 (AFP)

After declaring they had "basically curbed" the spread of the disease within China, where the virus first emerged, authorities have now ordered international ar...

Unlike 2008, world's economic doctors feud over cure

Mar 16, 2020 (AFP)

Today, as the world fights to immunise global growth from the coronavirus pandemic and Obama's successor Donald Trump rips up the rulebook of cooperation, there...

US-China trade truce at risk as virus hits global economy

Mar 15, 2020 (AFP)

The United States also faces huge disruptions from the deadly virus while a diplomatic spat between Beijing and Washington threatens to derail the phase-one dea...

China to cut banks' reserve requirement to combat virus fallout

Mar 13, 2020 (AFP)

The People's Bank of China (PBoC) said in a statement that it would cut the reserve requirement ratio (RRR) on March 16 by 50 to 100 basis points for banks that...

China allows some firms to resume work at virus epicentre

Mar 11, 2020 (AFP)

The decision came a day after President Xi Jinping paid his first visit to the capital of Hubei province since it was placed under lockdown in late January afte...

China inflation slips but stays high on virus, food worries

Mar 10, 2020 (AFP)

Analysts said the figure would likely remain elevated for some time as measures put in place around the country to contain the deadly epidemic have put a huge d...

China's Trip.com says no pay for top execs while virus rages

Mar 10, 2020 (AFP)

CEO Jane Sun said in an internal letter circulated on Monday that she and Chairman James Liang will forego compensation and other senior managers will voluntari...

Japan unveils fresh economic package to offset virus damage

Mar 10, 2020 (AFP)

The package came as the government ramps up its response to the virus, which has infected more than 500 people across the country and been linked to nine deaths...

China exports plunge on coronavirus epidemic

Mar 07, 2020 (AFP)

Exports fell 17.2 percent from a year ago, the biggest drop since February 2019 during the trade war with the United States, and imports dropped 4 percent, acco...

The impatience of being idle: China's factory workers chafe under quarantine

Mar 04, 2020 (AFP)

He is one of China's 290 million rural migrant workers and many like him are mired in uncertainty, confined to their homes since late January, worried about a p...

Chinese virus-related slump to slash $50 bn in global exports: UN

Mar 04, 2020 (AFP)

A fresh report from the UN Conference on Trade, Investment and Development (UNCTAD) said the European Union, the United States and Japan will be hardest-hit by ...

Coronavirus drags Hong Kong business outlook to record low: data

Mar 04, 2020 (AFP)

The Purchasing Managers' Index (PMI) for the city's economy plunged to its lowest mark since the gauge began, worse than the SARS outbreak in 2003 and the globa...

Foxconn says China factories operating at 50% over virus outbreak

Mar 03, 2020 (AFP)

Also known by its official name Hon Hai Precision Industry, Foxconn is the world's biggest contract electronics manufacturer and makes Apple's iPhones as well a...

China's Jingye says to seal British Steel rescue next week

Mar 03, 2020 (AFP)

The announcement, which will preserve 3,200 jobs out of around 5,000, follows reports that the deal could have fallen through for the former state-owned company...

Virus hammers garment industries in Cambodia, Vietnam

Mar 02, 2020 (AFP)

The death toll from the virus, which emerged from Wuhan in central China, has reached over 3,000 worldwide -- the bulk of the fatalities in the mainland. Beijin...

Macau casino takings plunge record 88% after virus closures

Mar 02, 2020 (AFP)

The former Portuguese colony took the unprecedented step in early February of shutting much of its lucrative entertainment sector for two weeks -- including cas...