Elon Musk’s Tesla and BMW AG have sued the European Union’s (EU) executive, adding to a flurry of cases by Chinese carmakers attacking tariffs peaking at 45% on imports of electric vehicles (EVs) into the bloc.

Tesla, BMW sue EU after China-made EVs hit by tariffs

Members of US President-elect Donald Trump’s incoming economic team are discussing slowly ramping up tariffs month by month, a gradual approach aimed at boosting negotiating leverage while helping avoid a spike in inflation, according to people familiar with the matter.

Trump's team studying gradual tariff hikes under emergency powers — Bloomberg

Chinese automakers captured their smallest share of Europe’s electric-vehicle (EV) market in eight months, after new tariffs added as much as 35% to the cost of importing cars to the region.

Chinese EV makers hit EU wall as tariffs add to import costs

Canada is examining the use of export taxes on major commodities it exports to the US — including uranium, oil and potash — if incoming US President Donald Trump carries out his threat to impose broad tariffs.

Canada could retaliate with export taxes on uranium, oil if Trump starts trade war — Bloomberg

New Zealand believes it should be exempt from any sweeping US tariffs that President-elect Donald Trump might impose when he takes office and has instructed officials to make its case, Finance Minister Nicola Willis said.

New Zealand pleads case with US for no new tariffs under Trump

The US will raise import tariffs on Chinese solar wafers, polysilicon and some tungsten products from the beginning of next year, following a four-year review by the Biden administration.

US to increase tariffs on China’s wafers, polysilicon from 2025

Canada’s provincial premiers are helping to assemble a list of possible retaliatory measures if US President-elect Donald Trump follows through on a threat to apply 25% tariffs against all goods the US imports from its northern neighbour.

‘We can’t sit back’: Canada’s provincial premiers float retaliatory options against Trump

China has told its automakers to halt big investment in European countries that support extra tariffs on Chinese-built electric vehicles (EVs), two people briefed about the matter said, a move likely to further divide Europe.

China telling carmakers to pause investments in EU countries backing EV tariffs, Reuters reports

China unleashed its harshest public critique to date of President Joe Biden’s trade policies, saying the US administration has become a “destroyer of the multilateral trading system.”

“Clearly, the United States is a ‘unilateralist and bullying hegemonist,’” said Li Chenggang, China’s ambassador to the World Trade Organization, in prepared remarks Wednesday in Geneva.

China blasts ‘bullying’ US for flexing economic might on trade

KUALA LUMPUR (Nov 10): The European Union (EU) is preparing for a new trade war with the US after Washington approved the Inflation Reduction Act aimed at helping the national production.

Quoting Spanish newspaper Diario on Wednesday (Nov 9), Russian government-controlled T...

EU preparing for new trade war with US — Spanish newspaper

As much as 17.5 gigawatts (GWac) of planned US solar capacity installations in 2022 are in doubt after the Department of Commerce (DOC) opened an investigation into panel imports from Southeast Asia.

US probe into solar imports threatens solar capacity installations in 2022

KUALA LUMPUR (Feb 1): Ending tariffs for products imported from China, creating incentives for US firms to diversify their supply base and addressing some of the supply chain security issues are the steps the US can take to shore up supply chains.

Trade war launched by Trump proven futile, say academics

The Biden administration raised concern about some of the policy tools China is using to spur its economy, saying they crowd out international companies and will skew markets.

Biden signals continued Beijing tension over industrial policy

WASHINGTON (Nov 14): United States (US) President Donald Trump said Wednesday that he will make a decision soon on whether to impose tariffs on imported cars and auto parts, Yonhap news agency reported.

Trump made the remark to reporters at a meeting with Turkey's president at the White...

Trump says he will decide on auto tariffs soon 

IN the name of “US national security and economic strength”, the Biden-Harris administration on Jan 13 released an Interim Final Rule on Artificial Intelligence Diffusion. This rule imposes new restrictions on the export of US-developed chips that power artificial intelligence (AI) systems. The a...

Cover Story: Is Malaysia’s chip sector prepared for the storm?

Who knows what will befall mankind by 2034? Donald Trump will be gone; the planet will be warmer and probably whackier. As for football, Saudi Arabia will stage the Fifa World Cup final on a lofty perch some 350m above ground. Players will have chips implanted and VAR will be reading their minds....

Business Of Sports: City and Haaland take sensational RM1 bil, 10-year gamble

(Jan 29): Microsoft Corp and OpenAI are investigating whether data output from OpenAI’s technology was obtained in an unauthorised manner by a group linked to Chinese artificial intelligence (AI) startup DeepSeek, according to people familiar with the matter.

Microsoft probing if DeepSeek-linked group improperly obtained OpenAI data — Bloomberg

KUALA TERENGGANU (Jan 30): A vegetable trader lost RM214,700 after being duped by a fraudulent investment scheme advertised on Facebook.

Woman loses over RM200,000 to fake investment scam

KUCHING (Jan 30): The number of flood victims in Sarawak almost doubled as of 8am on Thursday, when 5,385 people from 1,505 families sought shelter at temporary relief centres, compared to 2,981 people from 862 families on Wednesday night.

Sarawak floods: Number of victims almost doubles to 5,385

(Jan 30): SoftBank Group Corp is in discussions to invest as much as US$25 billion (RM109.75 billion) in OpenAI, in a move that would potentially make it the artificial intelligence (AI) startup’s biggest backer.

SoftBank in talks to invest up to US$25b in OpenAI — Bloomberg

TOKYO (Jan 30): Asian share markets were mixed in thin trading on Thursday, as much of the region was on holiday for the Lunar New Year, while the US dollar trod water after the Federal Reserve signalled a pause in policy easing.

Asia stocks mixed, dollar steady as traders consider Fed rate pause

Being a top banker in the nation’s most important government-owned bank is a privileged position. Doors open as one wanders through the corridors of power, gourmet lunches served as the inner workings of politics and business are laid bare. A nod, a smile or the calculated silence — what more a s...

My Say: A top banker’s rare candid view of seven missed opportunities for the nation

MEXICO CITY (Jan 29): Meta Platforms on Wednesday said it has agreed to pay about US$25 million (RM109.75 million) to settle a lawsuit by President Donald Trump over the company's suspension of his accounts after the Jan 6, 2021, attack at the US Capitol.

Meta to pay US$25m to settle Trump's 2021 lawsuit over suspended accounts

Meta Platforms META.O beat Wall Street expectations for fourth-quarter revenue on Wednesday but predicted sales in the current first quarter may not meet forecasts, sending mixed signals about how its bets on pricey artificial intelligence-powered tools are paying off.

The Facebook and Instagram parent company expects first quarter revenue between $39.5 billion and $41.8 billion, compared with analysts' average estimate of $41.72 billion, according to data compiled by LSEG.

Meta sends mixed signals as quarterly sales beat estimates but outlook muted

TOKYO (Jan 30): Asian share markets were mixed in thin trading on Thursday,&nbsp;as much of the region was on holiday for the Lunar New Year, while the US dollar trod water after the Federal Reserve signalled a pause in policy easing.

BRUSSELS (Jan 29): The European Commission presented on Wednesday its plans to reverse industrial decline in the bloc, and step up efforts to compete with the United States and China in new fields such as artificial intelligence (AI), to lower energy costs, and to cut red tape.

EU points way to competitive future to catch US, China rivals

(Jan 30): The Bank of Japan (BOJ) made a significant step towards shrinking its massive balance sheet last week, while market watchers were fixated on the biggest interest rate increase from the central bank in 18 years.&nbsp;

BOJ to slice almost US$500b off balance sheet with QT move

(Jan 30): SoftBank Group Corp&nbsp;is in discussions to invest as much as US$25 billion (RM109.75 billion) in OpenAI, in a move that would potentially make it the artificial intelligence (AI) startup’s biggest backer.

(Jan 30):&nbsp;Stocks slipped and short-dated bond yields rose, though both pared bigger moves as early concern that the US Federal Reserve was growing more worried about inflation got tamped down by chair Jerome Powell.

Stocks fall on Fed day as tech mixed in late hours

(Jan 29): Microsoft Corp and OpenAI are investigating whether data output from OpenAI’s technology was obtained in an unauthorised manner by a group linked to Chinese artificial intelligence (AI) startup DeepSeek, according to people familiar with the matter.

(Jan 30):&nbsp;It’s not a skip, it’s a pause — and maybe an extended one.

Powell signals Fed on hold as Trump’s economic policies take shape

Microsoft&nbsp;on Wednesday forecast disappointing growth in its cloud computing business, sending its shares down more than 5% as investors worry about big spending, elusive artificial intelligence revenue and growing competition from cheaper AI models from China.

Microsoft shares slide as cloud forecast, AI spending disappoint

KUALA TERENGGANU (Jan 30): A&nbsp;vegetable trader lost RM214,700 after being duped by a fraudulent investment scheme advertised on Facebook.

Meta&nbsp;Platforms&nbsp;META.O&nbsp;beat Wall Street expectations for fourth-quarter revenue on Wednesday but predicted sales in the current first quarter may not meet forecasts, sending mixed signals about how its bets on pricey artificial intelligence-powered tools are paying off.

The Facebook and Instagram parent company expects first quarter revenue between $39.5 billion and $41.8 billion, compared with analysts' average estimate of $41.72 billion, according to data compiled by LSEG.

Being a top banker in the nation’s most important government-owned bank is a privileged position. Doors open as one wanders through the corridors of power, gourmet lunches served as the inner workings of politics and business are laid bare. A nod, a smile or the calculated silence — what more a s...

MEXICO CITY (Jan 29): Meta Platforms on Wednesday said it has agreed to pay about US$25 million (RM109.75 million) to settle a lawsuit by President Donald Trump over the company's suspension of his accounts after the Jan&nbsp;6, 2021, attack at the US&nbsp;Capitol.

KUCHING (Jan 30): The number of flood victims in Sarawak almost doubled as of 8am on Thursday, when 5,385 people from 1,505 families sought shelter at temporary relief centres, compared to 2,981 people from 862 families on Wednesday night.

Who knows what will befall mankind by 2034? Donald Trump will be gone; the planet will be warmer and probably whackier. As for football, Saudi Arabia will stage the Fifa World Cup final on a lofty perch some 350m above ground. Players will have chips implanted and VAR will be reading their minds....

Trade War

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Trade War

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