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Nintendo unveils high-priced Switch 2 console as Trump’s tariffs bite

New device will cost $449.99 in June release that games industry hopes will turbocharge sales

Published on: April 02, 2025 | Source: Financial Times - World favicon Financial Times - World

Europe's pharma industry braces for tariffs as carve-out hopes fade

Europe's pharmaceutical sector is bracing for the potential impact of U.S. tariffs as hopes of an industry-wide exemption by President Donald Trump fade.

Published on: April 02, 2025 | Source: CNBC International favicon CNBC International

Tariffs will likely raise much less money than White House projects, economists say

White House trade adviser Peter Navarro said tariffs would raise about $600 billion to $700 billion a year. Economists say that's nearly impossible.

Published on: April 02, 2025 | Source: CNBC International favicon CNBC International

Can the world’s free-traders withstand Trump’s attack?

Much will depend on the courage of Europe

Published on: April 02, 2025 | Source: Economist - Finance favicon Economist - Finance

Trump's tariff gambit will raise the stakes for an economy already looking fragile

President Donald Trump is set Wednesday to begin the biggest gamble of his nascent second term.

Published on: April 02, 2025 | Source: CNBC International favicon CNBC International

Tesla China-made EV sales fall 11.5% in March as competition rises

The U.S. carmaker is facing a headwinds in China, in particular mounting challenges from local rivals like BYD.

Published on: April 02, 2025 | Source: CNBC International favicon CNBC International

Markets won't get the certainty they want from Trump's tariff announcement

Questions will remain over how and which countries will respond, and what the impact on inflation and interest rates will be.

Published on: April 02, 2025 | Source: CNBC International favicon CNBC International

'Most interesting and important sector': Asia's family offices are putting their money in AI

"Our family office clients are focusing on this as perhaps the most interesting and important sector," UBS' LH Koh says of artificial intelligence.

Published on: April 02, 2025 | Source: CNBC International favicon CNBC International

Norway urged to scrap ban on $1.8 trillion wealth fund investing in weapons makers

The debate over how Norway's wealth fund should respond to the security landscape comes at a time of higher defense spending and soaring industry profits.

Published on: April 02, 2025 | Source: CNBC International favicon CNBC International

CNBC Daily Open: Trump tariffs could be hours away β€” but might be milder than thought

Investors were slightly assuaged by reports that tariffs could be lower than expected, pushing up stocks. It is, however, too early to let down your guard.

Published on: April 02, 2025 | Source: CNBC International favicon CNBC International

Locked in a trade balancing act with the U.S., the UK hopes it can escape some Trump tariffs

With its more balanced trading relationship with the U.S., the U.K. is hoping it might escape the full brunt of Trump's import duties.

Published on: April 02, 2025 | Source: CNBC International favicon CNBC International

U.S. reaffirms commitment to Taiwan as Beijing conducts live fire drills in East China Sea

Chinese military extended into second day a joint exercise involving its army, navy and rocket forces near the coast of Taiwan.

Published on: April 02, 2025 | Source: CNBC International favicon CNBC International

Andreessen Horowitz in talks to help buy out TikTok’s Chinese owners

Venture capital group could join last-gasp bid by allies of Donald Trump to take control of video app owned by ByteDance

Published on: April 01, 2025 | Source: Financial Times - World favicon Financial Times - World

FirstFT: Andreessen Horowitz could join bid to buy out TikTok’s Chinese owners

Also in today’s newsletter, China launches military exercises around Taiwan, and Indonesia’s new sovereign wealth fund vows transparency

Published on: April 01, 2025 | Source: Financial Times - World favicon Financial Times - World

Shares of Trump-friendly Newsmax leap 2,200% after Wall Street debut

Rightwing media mogul makes windfall on paper as stock in lossmaking conservative cable TV channel soar

Published on: April 01, 2025 | Source: Financial Times - World favicon Financial Times - World

UK will refocus green quangos to clear β€˜way for progress’, says minister

Environment Agency and Natural England to prioritise development as well as nature, says Steve Reed

Published on: April 01, 2025 | Source: Financial Times - World favicon Financial Times - World

Investors flock to gold funds as fears over Trump tariffs mount

Biggest inflow since onset of pandemic pushes bullion to fresh highs as traders hunt for haven assets

Published on: April 01, 2025 | Source: Financial Times - World favicon Financial Times - World

US watchdog halts Apple cases after Trump picks group’s lawyer for top job

National Labor Relations Board freezes pair of disputes after Crystal Carey nominated as agency’s general counsel

Published on: April 01, 2025 | Source: Financial Times - World favicon Financial Times - World

US says it will seek death penalty for Mangione in UnitedHealthcare killing

Case involving murder of Brian Thompson has unleashed fraught debates over country’s for-profit healthcare

Published on: April 01, 2025 | Source: Financial Times - World favicon Financial Times - World

Trump's upcoming tariffs 'will be effective immediately,' White House says

Trump's reciprocal tariffs follow other import duties he has already announced, including tariffs on goods from Canada and Mexico and industry-specific tariffs.

Published on: April 01, 2025 | Source: CNBC International favicon CNBC International

DOJ to seek death penalty for Luigi Mangione in CEO Brian Thompson murder case

Luigi Mangione is accused of stalking UnitedHealthcare CEO Brian Thompson and killing him outside a New York hotel in December.

Published on: April 01, 2025 | Source: CNBC International favicon CNBC International

Starmer braced for Trump tariffs as UK seeks better outcome than EU

Prime minister still hopes to secure a trade deal with the US president

Published on: April 01, 2025 | Source: Financial Times - World favicon Financial Times - World

Carmakers fined more than €550mn for European recycling cartel

EU and UK watchdogs act after finding multiple manufacturers co-ordinated positions on vehicle recycling

Published on: April 01, 2025 | Source: Financial Times - World favicon Financial Times - World

South Africa’s ANC calls Trump Afrikaner refugee plan β€˜madness’

Main party in governing coalition dismisses US accusations of white minority oppression

Published on: April 01, 2025 | Source: Financial Times - World favicon Financial Times - World

Trump administration suspends federal grants to Princeton University

Latest escalation against elite schools follows withdrawal of funding from Columbia and Harvard

Published on: April 01, 2025 | Source: Financial Times - World favicon Financial Times - World

Berlin seeks to deport EU citizens over pro-Palestinian protests

Irish, Polish and US activists appeal rulings based on events at university sit-in against Israeli offensive in Gaza

Published on: April 01, 2025 | Source: Financial Times - World favicon Financial Times - World

Trump signs off Chagos Islands deal between UK and Mauritius

Agreement has security implications for joint military base with US on Indian Ocean archipelago

Published on: April 01, 2025 | Source: Financial Times - World favicon Financial Times - World

Cliff Asness's AQR multi-strategy hedge fund returns 9% in the first quarter during tough conditions

The Apex strategy from Cliff Asness' firm, which combines stocks, macro and arbitrage trades with $3 billion in assets under management, gained 9% in Q1.

Published on: April 01, 2025 | Source: CNBC International favicon CNBC International

The multiple tragedies of Myanmar

Years of conflict and repressive military rule will hamper earthquake relief

Published on: April 01, 2025 | Source: Financial Times - World favicon Financial Times - World

China launches large-scale military exercises around Taiwan

Aircraft carrier Shandong makes closest pass as Taipei seeks to strengthen preparedness

Published on: April 01, 2025 | Source: Financial Times - World favicon Financial Times - World

China senses an opportunity in Trump’s cultural revolution

Policymakers in Beijing believe they will benefit from the destruction of America’s global credibility

Published on: April 01, 2025 | Source: Financial Times - World favicon Financial Times - World

What price will the UK pay for a trade deal with Donald Trump?

Sir Keir Starmer may have to make concessions on Britain’s digital services tax and agriculture

Published on: April 01, 2025 | Source: Financial Times - World favicon Financial Times - World

Inside the Aman Nai Lert, Bangkok: an exclusive

The family home-inspired hotel is an homage to the man who shaped the modern city

Published on: April 01, 2025 | Source: Financial Times - World favicon Financial Times - World

US factory activity shrinks as tariffs weigh on demand and hiring plans

Inventories rise to highest level since 2022 as producers stockpile goods

Published on: April 01, 2025 | Source: Financial Times - World favicon Financial Times - World

Trump tariffs drive imports into US foreign trade zones

Policy uncertainty fuels surge in use of approved facilities that temporarily exempt businesses from paying levies

Published on: April 01, 2025 | Source: Financial Times - World favicon Financial Times - World