macaubusiness.com

21 hours ago | macaubusiness.com | Hieun Shin

South Korea’s economy unexpectedly contracted 0.1 percent in the first three months of this year, the country’s central bank said Thursday, as the Asian export giant reels from months of political chaos and heightened trade tensions. US President Donald Trump’s threatened 25 percent “reciprocal” tariffs on export-dependent South Korea have rattled Asia’s fourth-largest economy, sending Seoul-listed shares tumbling and pushing the currency to its weakest level since 2009.

1 week ago | macaubusiness.com | Huw Griffith

California is suing the federal government over Donald Trump’s on-again-off-again tariffs, the governor and attorney general said Wednesday, claiming the American president does not have the right to impose them. The move marks the strongest pushback yet against a tariff roll-out that has sent global stock markets into meltdown, and left businesses across the US fretting about uncertainty. “It’s the worst own-goal in the history of this country,” California Governor Gavin Newsom said.

2 weeks ago | macaubusiness.com | Gwen Roley

Canadian Prime Minister Mark Carney is leaning into his banking background as his country fights a trade war with the United States, but his financial ties have also made him a target for conspiracy theories. Incorporating tropes familiar to followers of the far-right QAnon movement, conspiratorial social media posts about the Liberal leader have surged ahead of the country’s April 28 election.

2 weeks ago | macaubusiness.com | Chris Lefkow

A US federal judge ordered the White House on Tuesday to restore the Associated Press’s access to President Donald Trump’s official events, saying it had no right to bar media for their “viewpoints.”AP journalists and photographers have been barred from the Oval Office and from traveling on Air Force One since mid-February because of the news agency’s decision to continue referring to the “Gulf of Mexico” — and not the “Gulf of America” as decreed by Trump.

2 weeks ago | macaubusiness.com | Michel Comte

In a quaint restaurant on the outskirts of Canada’s capital, Sandra McCormack spent a recent morning talking politics with friends in an area that is suddenly in the political spotlight. The area’s neighboring electoral districts — Carleton and Nepean — are starkly different: Carleton is largely rural, picturesque and dotted with small farms, while Nepean is a suburban Ottawa neighborhood, packed with strip malls and single family homes.