BusinessMirror

18 hours ago | businessmirror.com.ph | Paul Wiseman |Lindsay Whitehurst

WASHINGTON—President Donald Trump is waging a trade war without getting approval from Congress: He declared a national emergency to slap import taxes—tariffs—on almost every country on earth. The president is now facing at least seven lawsuits that argue he’s gone too far and asserted power he does not have.

1 day ago | businessmirror.com.ph | Wafaa Shurafa |Jamey Keaten |Sarah El Deeb

KHAN YOUNIS, Gaza Strip — International aid agencies warned Friday that Israeli plans to control aid distribution in Gaza, including a US-backed proposal, will only increase suffering and death in the devastated Palestinian territory, calling on Israel to lift its blockade on food and other supplies, now in its third month. The US ambassador to Israel, Mike Huckabee, said the new US-devised aid system would be launched soon, urging the UN and other aid groups to participate.

1 day ago | businessmirror.com.ph | Kiuyan Wong |Bei Hu

Members of Hong Kong’s financial community crowded into the Foreign Correspondents’ Club on Monday to hear the city’s most famous activist investor David Webb speak at what was labelled a “Farewell Fireside Chat.”Demand was so high the FCC extended the lunch event to all three restaurants in its historic clubhouse in the heart of the city, with at least 230 people attending. Webb announced in February he had months left to live after battling prostate cancer.

2 days ago | businessmirror.com.ph | Toru Fujioka

Japan’s economy likely suffered a contraction in the first three months of this year, signaling underlying fragility even before US tariff measures started hitting the country in earnest, according to economists surveyed by Bloomberg. Gross domestic product adjusted for inflation shrank by 0.3 percent in the first quarter on an annualized basis, according to the median estimate of economists. That result would mean the first quarterly drop in a year.

3 days ago | businessmirror.com.ph | Paul Wiseman |Didi Tang |Jamey Keaten

GENEVA—President Donald Trump said “great progress” was being made in ongoing US-China talks over tariffs menacing the global economy, and even suggested a “total reset” was on the table as tariff negotiations are set to continue Sunday in Switzerland. No major breakthrough was announced in discussions that lasted over 10 hours between US officials, including Treasury Secretary Scott Bessent, US Trade Representative Jamieson Greer, and a delegation led by Chinese Vice Premier He Lifeng.