Alice Truong

Hong Kong

Digital News Editor at Bloomberg News

digital news editor @business (opinions mine)

Articles

The World Enters the Next Phase of the Global Trade War

2 weeks ago | bloomberg.com | Alice Truong

Welcome to the next phase of the global trade war. President Donald Trump’s so-called reciprocal tariffs are now in effect, pushing levies imposed on China to as high as 104%, along with import taxes on roughly 60 trading partners that run trade surpluses with the US. That comes after a 10% baseline tariff for most US trading partners took effect Saturday. The new round of US levies raises them to their highest level in more than a century and risks a full-blown trade war if other nations hit back.
‘Liberation Day’ Fears Sink Stocks, Push Gold to Another Record

3 weeks ago | bloomberg.com | Alice Truong

April 2 is what Donald Trump has proclaimed to be “Liberation Day,” when the US president is expected to unleash “reciprocal tariffs” upon the world. While many details remain unclear, it’s expected the levies will hit Asia particularly hard. Treasury Secretary Scott Bessent has said the tariffs will target the “dirty 15” that have substantial trade flows and barriers with the US.
Jack Ma's Ant Group Enters US-China Race With AI Breakthrough

1 month ago | bloomberg.com | Alice Truong

Jack Ma’s Ant Group says it has developed techniques for training AI models with Nvidia alternatives — potentially lowering costs by 20%. While Ant is still using Nvidia for AI development, it is now relying mostly on tech from other companies, including AMD, Alibaba and Huawei, for its latest models, according to people familiar with the matter.
Jack Ma-Backed Ant Group Enters US-China AI Race

1 month ago | flipboard.com | Alice Truong

2 days agoJack Ma, cofounder of Alibaba, started with no connections, no money and repeated failures. His ability to embrace rejection, think differently and persist against all odds makes him one of the most influential business leaders of our time. On a crisp autumn morning in 1964, in the historic city of …
Jack Ma Muscles Into the US-China AI Race

1 month ago | flipboard.com | Alice Truong

NowThis Brooklyn apartment complex was built like a Lego setThe building will be affordable housing for seniors; it was designed using passive house principles and was constructed from modular units. When construction started on a new affordable apartment building in Brooklyn, most of the work on the site happened very quickly. Instead of typical …NowChina is turning up pressure on Walmart.
Israel Strikes Gaza, Shattering Ceasefire and Ending Middle East Calm

1 month ago | bloomberg.com | Alice Truong

Israel launched military strikes across Gaza overnight, shattering a shaky ceasefire that had paused 15 months of fighting. Hamas said at least 322 people had been killed or were missing. The strikes — along with others overnight by Israel on Lebanon and Syria as well as US attacks on the Houthis in Yemen since Saturday — have ended the Middle East’s relative calm in recent weeks.
Citi Upgrades China Stocks as US Gets Downgraded in Markets Divergence

1 month ago | bloomberg.com | Alice Truong |Richard Frost

The global stock selloff that extended into Asian markets eventually moderated, with equity indexes trimming losses as crypto and Treasury yields recovered. But investors remain nervous on concerns that tariffs and government spending cuts will torpedo growth in the world’s largest economy. As Citi downgraded US stocks, it upgraded China to overweight in another sign of divergence in their market outlooks.
China’s Stocks Get Upgraded in Divergence From US Markets

1 month ago | flipboard.com | Alice Truong |Richard Frost

5 hours agoBitcoin Following ‘Megaphone Pattern’ – Is It Time To Accumulate BTC? Analyst ExplainsAccording to an X post by crypto trader Merlijn The Trader, Bitcoin (BTC) is following the ‘megaphone pattern’, positioning the top cryptocurrency …8 hours agoAmazon faces massive boycott threat from consumersThe online retail giant is facing a major threat to its sales.
Australia Delivers Long-Awaited Interest Rate Cut and Potential Soft Landing

2 months ago | bloomberg.com | Alice Truong

After more than four years, Australia’s central bank delivered its first interest rate cut. But Reserve Bank of Australia Governor Michele Bullock warned it won’t ease as aggressively as markets anticipate. The RBA lowered its cash rate by a quarter-percentage point to 4.1% in a widely expected decision that comes as US President Donald Trump adds uncertainty to the global outlook.
Chinese Stocks in Hong Kong Are Biggest Winners as Trump Trades Fail

2 months ago | bloomberg.com | Richard Frost |Alice Truong |Filipe Pacheco

Welcome to Hong Kong Edition. Subscribe here if you like this free newsletter. Or email us with any feedback. This week is mostly about winners. We delve into why Chinese stocks in the city are turning victorious, we talk to a running star about how to excel in a marathon, and we revisit the legacy of Hong Kong’s most famous activist investor. Finally, we review the latest outpost by the chef behind the hit Chinese restaurant Wing.