China Says It Spoke With Neighbors on Planned Mega-Dam's Impacts
'China has carried out cooperation on hydrology reporting, flood prevention and disaster alleviation with relevant downstream countries and has had necessary communication with them,' said Chinese Foreign Ministry spokesman Guo Jiakun during a regular press conference on Wednesday.
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New York Post
12 minutes ago
- New York Post
Trump confirms possible China trip, but insists ‘not seeking' Xi summit
President Trump has revealed that he may jet over to China in the near future, but rebuffed suggestions that he is seeking a summit with Beijing counterpart Xi Jinping amid intense trade negotiations between the two economic superpowers. 'The Fake News is reporting that I am SEEKING a 'Summit' with President Xi of China. This is not correct, I am not SEEKING anything!' Trump wrote on Truth Social late Monday from Scotland, where he wrapped up a five-day visit Tuesday. 'I may go to China, but it would only be at the invitation of President Xi, which has been extended. Otherwise, no interest! Thank you for your attention to this matter.' Staffers for Trump and Xi have held discussions about setting up a meeting between the two leaders, potentially on the sidelines of the annual Asia-Pacific Economic Cooperation (APEC) meeting in South Korea, which takes place Oct. 30-Nov. 1, Reuters reported last week. It is unclear whether any discussions of Trump traveling to China directly have been broached. 3 President Trump confirmed ongoing talks with China about him meeting with leader Xi Jinping. Xinhua News Agency via Getty Images 3 President Trump and Chinese leader Xi Jinping's last in-person meeting took place in 2019. XinhuaTrump and Xi last met face-to-face in June 2019 on the sidelines of the G-20 summit in Osaka, Japan. The US and China have until Aug. 12 to reach a full-fledged trade agreement following a months-long truce that has seen duties temporarily come down from up to 145% on Chinese exports to the US and 125% on American goods. Negotiators from Washington and Beijing are holding a third round of talks this week in Stockholm. 'We have a good relationship with China,' Trump told reporters Monday at his Turnberry club on the west coast of Scotland. 'China's tough.' In 2024, China was the third-largest US trading partner among individual nations — behind only Mexico and Canada — with trade between the two nations amounting to $582.4 billion. Further complicating negotiations is Trump's looming threat to impose secondary tariffs of 100% against countries that trade with Moscow until the Kremlin ends its invasion of Ukraine and agrees a peace deal. China and India, in particular, have continued to purchase energy from Russia throughout the 41-month-old war on Ukraine. China has also been accused of providing Moscow's arms industry with critical supplies. 3 The Trump administration is currently involved in trade negotiations with China. Getty Images Beyond trade tensions, US officials have repeatedly warned about Chinese cyber attacks, such as the Salt Typhoon operation that breached American telecommunications systems. On Monday, the Financial Times reported that the Trump administration blocked Taiwanese President Lai Ching-te from stopping in New York City during a planned diplomatic visit to Central America later this year. China has long claimed sovereignty over the island state of Taiwan, which has its own currency, military and government. The US adheres to the One China Policy on paper, which acknowledges Beijing's claim, but takes no position on it.
Yahoo
16 minutes ago
- Yahoo
US confirms 15% EU tariffs: Where China & other countries stand
Markets (^GSPC, ^IXIC, ^DJI) are bracing for a turbulent week as the White House confirms key details in a new EU trade deal. Yahoo Finance Senior Reporter Ben Werschkul and Siebert Financial chief investment officer Mark Malek break down what's in the agreement, where US–China talks stand, and which countries could face tariffs next. To watch more expert insights and analysis on the latest market action, check out more Market Domination here. The EU trade agreement and US-China talks as well, Ben. What what is the latest? Yeah, Josh. So we've got a lot of trade headlines coming this week that are going to go through all the week. Just to sort of start people off, there's kind of three main buckets, I think, of of deals. The complete is the one you mentioned, which is the European Union. That was the deal that was announced yesterday. And we've kind of spent the whole day today trying to figure out exactly what was in it because it was very unclear. We do have some clarity on there now with the White House confirming this afternoon that this 15% tariff rate will be very broad and apply most importantly to pharmaceuticals and semiconductors with future sectoral tariffs there are coming there now. So that sort of let lends a certain amount of stability and that's the where the European Commission president has used repeatedly since announcing this deal that there's a lot of there's a lot of folks that aren't happy with this deal in Europe, but at least we sort of know exactly what the parameters there are, more or less, from this European Commission deal. Um kind of in in process is the China one you mentioned. That talks were talks began today. They just wrapped up for the day in Stockholm, Sweden. The the Chinese delegation was seen leaving a little bit ago. And the main focus there is um is an extension of uh of a tariff pause. The if you remember in Geneva about 90 days ago, there was a pause on triple-digit tariffs to to our current rate. What what markets are looking for is an extension there as well as a bunch of other issues that are that are that are forefront there, especially no backsliding on some of these issues like rare earth minerals and and semiconductor export controls, which are which are top of mind. It's also sort of hopefully from these negotiators' perspective, set the stage for a big Trump Xi meeting later this year. And then the third bucket I would add as well is a number of wild cards that I think will markets will be watching closely this week ahead of a Friday deadline for reciprocal tariffs. Canada is a big is a big front there. Trump has threatened 30% tariffs there. The Canadian prime minister talks about how they're in the intense phase right now. South Korea is another one. Mexico is technically up for tariffs on Friday with no action there. So a lot a lot of different a lot of different elements going that we're going to be tracking all week. A lot of moving parts there, Mark. I want to bring you in here as well. What do you make of these market moves today, Mark? Well, it's interesting. You know, I would have expected to see a more positive response to the EU deal. Uh but um I mean it came out pretty quickly. I don't think a lot of us were expecting it. We weren't expecting it to be as uh as crisp as it was. But I think when people sharpen their pencils, they start to look at it, and you know, just a couple of weeks ago, we were talking about a 10% effective tariff. Uh now we've moved it up to a 15% effective tariff. That looks like it's going to be sort of the baseline at this point. Uh but I think when people started sharpening their pencils and looking down into it, they thought, okay, well, these are where the costs are going to come in and these are the positives, these are the negatives. It's kind of like sort of a mixed result, but net net, I think it's very, very positive. Related Videos AstraZeneca CFO talks tariffs & shifting focus to US market Boeing's Q2 beat signals turnaround is 'continuing to progress' Market needs strong earnings & jobs data to maintain highs Fed expected to hold rates steady, but 2 officials might dissent Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
41 minutes ago
- Yahoo
SergeFerrari Group: Revenue of €178.7 Million in the First Half of 2025
Continued sales momentum in the 2nd quarter of 2025 Growth exceeds 10% in the first six months of 2025 SAINT-JEAN-DE-SOUDAIN, France, July 29, 2025--(BUSINESS WIRE)--Regulatory News: SergeFerrari Group (FR0011950682 – SEFER), SergeFerrari Group (FR0011950682 - SEFER), a leading global supplier of innovative flexible composite materials, listed on Euronext Paris – Compartment C, today announced its revenues for the first half of 2025. Breakdown of sales by geographic area (unaudited) (€ thousands) 2ndquarter2025 2ndquarter2024 Ch. atcurrentscope andexchangesrates Ch. atconstantscope andexchangesrates H1 2025 H1 2024 Ch. atcurrentscope andexchangesrates Ch. atconstantscope andexchangesrates Europe 69,068 66,730 +3.5% +3.2% 128,589 120,519 +6.7% +6.5% Americas 14,979 8,325 +79.9% +86.4% 23,399 16,003 +46.2% +48.7% Asia – Africa – Pacific 15,512 13,387 +15.9% +16.0% 26,743 25,382 +5.4% +5.4% Total revenues 99,558 88,442 +12.6% +13.0% 178,731 161,904 +10.4% +10.5% Sébastien Baril, SergeFerrari Group's chairman of the Executive Board, stated: "Signs of improvement in our historic markets are gradually materializing. Serge Ferrari recorded an increase in revenues of over 10% in the first half of the year. This performance encourages us to continue our efforts to increase our operating leverage, our customer service and the flexibility of our cost structure in an environment where adaptability and responsiveness remain key." Q2 2025 activity The Group reported revenue of €99.6 million in the 2nd quarter of 2025, up 12.6% on a current scope and exchange rate basis, and up 13.0% on a constant scope and exchange rate basis compared with the same period last year. This change is due to: A currency effect of -0.4 %; A volume effect of -3.0%, due mainly to a fall in volumes of modular structures, for which the end markets are declining; A favorable price-mix effect of +16.0%, driven by a confirmed recovery in activities that have traditionally been profitable for the Group, such as Solar Protection and the new Solutions business lines, as well as the impact of price increases introduced to mitigate the negative effect of high inflation on certain raw materials. H1 2025 activity The Group posted sales of €178.7 million in the first half of 2025, up by more than 10% on both current and constant scopes and exchange rates. Half-year sales trends by geographical region are as follows: Europe posted solid revenue growth of 6.7% on a current scope and exchange rate basis and 6.5% on a constant scope and exchange rate basis, with sales of almost €129 million over the period, thanks to historic markets that remain well oriented. After a difficult 2024 exercise in North American markets, sales in the Americas rebounded strongly in the first half. Growth accelerated sharply between the 1st and 2nd quarters, taking half-year sales up to €23.4 million, representing growth at constant scope and exchanges rates of +49%. Sales in the Asia-Africa-Pacific region were up 5.4% on H1 2024, both on a current and constant scope and exchange rates basis, due to good momentum in the various markets. Outlook Based on a seasonal history between the first (driven by solar protection activity and tense architecture) and the second half of the fiscal year, the group will focus (despite an uncertain context, particularly on the geopolitical level) on maintaining its trajectory initiated with Transform 2025 that aims at increasing its adaptability and profitability. Financier calendar Publication of first half 2025 results on September 10, 2025, after market close. ABOUT SERGEFERRARI GROUP The Serge Ferrari Group is a leading global supplier of composite materials for Tensile Architecture, Modular Structures, Solar Protection and Furniture/Marine, in a global market estimated by the Company at around €6 billion. The unique characteristics of these products enable applications that meet the major technical and societal challenges: energy-efficient buildings, energy management, performance and durability of materials, concern for comfort and safety together, opening up of interior living spaces etc. Its main competitive advantage is based on the implementation of differentiating proprietary technologies and know-how. The Group has manufacturing facilities in France, Switzerland, Germany, Italy and Asia. Serge Ferrari operates in 80 countries via subsidiaries, sales offices and a worldwide network of over 100 independent distributors. At the end of 2024, SergeFerrari Group posted consolidated revenues of €323.6 million, more than 80% of which was generated outside France. SergeFerrari Group is listed on Euronext Paris – Compartment C (ISIN code: FR0011950682). SergeFerrari Group shares are eligible for the PEA-PME and FCPI investment schemes. View source version on Contacts Valentin Chefson Head of Relations Investisseursinvestor@ NewCap Investor Relations – Financial Communication Théo MartinTel. : 01 44 71 94 94sferrari@
