7 d. ago No US tariffs on ‘unavailable natural resources’: commerce chief

US Commerce Secretary Howard Lutnick on Thursday said Washington would refrain from imposing tariffs on natural resources the country does not hold in abundance amid tough questioning by House lawmakers about American consumers facing rising prices. “In our trade deals, our expectation is we will not have tariffs on unavailable natural resources, but we will have market access for our farmers and our ranchers,” said Lutnick in testimony at a budget hearing of the House Appropriations...

Politics

9 d. ago China and EU schedule crunch talks to resolve economic deadlock

China and the European Union have agreed to hold a new round of trade talks to pave the way for a high-level leaders’ summit next month, but analysts said it remained to be seen whether the two sides could resolve the impasse in their bilateral economic relations. The talks were announced by the European Commission following a meeting between China’s commerce minister, Wang Wentao, and EU trade chief Maros Sefcovic on the sidelines of a World Trade Organization event in Paris on Tuesday. They...

Economics

2 w. ago OKX sees tipping point for blockchain tech amid rising crypto sentiment

OKX, one of the world’s largest cryptocurrency exchanges by trading volume, is preparing for explosive growth in blockchain adoption in the coming years, according to chief commercial officer Lennix Lai, although plans for the Hong Kong market remain on the back burner. In a report co-produced by OKX and Blockworks Research, the companies outline a bright future for the adoption of blockchain technology across myriad industries, from traditional finance to video gaming. Many of the use cases...

Politics

2 w. ago Second Malaysian minister quits as fallout from ruling party polls spreads

Malaysia’s Natural Resources and Environment Minister Nik Nazmi Nik Ahmad quit his post on Wednesday, the second minister to exit Anwar Ibrahim’s cabinet after a bitter internal election in his ruling party that voted in the prime minister’s daughter as his second-in-command. Nik Nazmi’s exit follows firebrand leader Rafizi Ramli, who announced his exit from cabinet earlier Wednesday as Anwar’s administration risks falling apart from accusations of nepotism over the elevation of his daughter,...

Politics

2 w. ago Second Malaysian minister quits as fallout from ruling party polls continues

Malaysia’s Natural Resources and Environment Minister Nik Nazmi Nik Ahmad quit his post on Wednesday, the second minister to exit Anwar Ibrahim’s cabinet after a bitter internal election in his ruling party that voted in the prime minister’s daughter as his second-in-command. Nik Nazmi’s exit follows firebrand leader Rafizi Ramli, who announced his exit from cabinet earlier Wednesday as Anwar’s administration risks falling apart from accusations of nepotism over the elevation of his daughter,...

Politics

2 w. ago Malaysia rocked by resignations of two ministers as Anwar faces sternest test

Two Malaysian ministers quit Prime Minister Anwar Ibrahim’s cabinet on Wednesday, as accusations of nepotism over the political rise of his daughter Nurul Izzah Anwar threaten to destabilise the government and unravel his control over the ruling party. In the gravest challenge yet to Anwar’s two-year-old administration, Economy Minister Rafizi Ramli and Natural Resources and Environment Minister Nik Nazmi Nik Ahmad announced their resignations within hours of each other. While the two political...

Politics

2 w. ago Malaysia rocked by resignations of 2 ministers as Anwar faces sternest test

Two Malaysian ministers quit Prime Minister Anwar Ibrahim’s cabinet on Wednesday, as accusations of nepotism over the political rise of his daughter Nurul Izzah Anwar threaten to destabilise the government and unravel his control over the ruling party. In the gravest challenge yet to Anwar’s two-year-old administration, Economy Minister Rafizi Ramli and Natural Resources and Environment Minister Nik Nazmi Nik Ahmad announced their resignations within hours of each other. While the two political...

Politics