India to resume issuing tourist visas to Chinese citizens
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Arab Times
22 minutes ago
- Arab Times
Asian shares mixed as investors focus on US trade talks with China
TOKYO, July 29, (AP): Asian shares were mixed Tuesday ahead of a second day of trade talks between Chinese and US officials, while US futures and oil prices rose. Japan's benchmark Nikkei 225 fell 0.8% to 40,674.55 on broad selling of major companies including automakers and big banks. Hong Kong's Hang Seng dropped 0.6% to 25,398.83, while the Shanghai Composite gained 0.3% to 3,607.41. Analysts said investors were watching for the latest from US President Donald Trump and US trade talks with talks with China in Stockholm. US Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng were meeting in the Swedish capital. "Aside from addressing economic imbalances, tariffs are also now well entrenched in the geo-political arena,' Tan Boon Heng of the Asia & Oceania Treasury Department at Mizuho Bank said in a commentary. Australia's S&P/ASX 200 edged 0.1% higher to 8,704.60. South Korea's Kospi gained 0.3% to 3,230.57. US stock indexes drifted through a quiet Monday after the United States agreed to tax cars and other products coming from the European Union at a 15% rate, lower than Trump had threatened. Many details of the trade deal are still to be worked out, and Wall Street is heading into a week full of potential flashpoints that could shake markets, including an interest rate decision Wednesday by the Federal Reserve. The widespread expectation on Wall Street is that Fed officials will wait until September to resume cutting interest rates, though a couple of Trump's appointees could dissent in the vote. The Fed has been on hold with interest rates this year since cutting them several times at the end of 2024. The S&P 500 was nearly flat, edging up by less than 0.1% to 6,389.77 and setting an all-time high for a sixth straight day. The Dow Jones Industrial Average dipped 0.1% to 44,837.56, while the Nasdaq composite added 0.3% to its own record, closing at 21,178.58. Tesla rose 3% after its CEO, Elon Musk, said it had signed a deal with Samsung Electronics that could be worth more than $16.5 billion to provide computer chips for the electric-vehicle company. Samsung's stock in South Korea jumped 6.8% on Monday, but only 0.3% on Tuesday.
Boston Globe
23 minutes ago
- Boston Globe
Top Chinese, US trade officials huddle in Sweden for second day of thorny talks over tariffs
The United States has struck deals over tariffs with some of its key trading partners — including Britain, Japan and the European Union — since President Donald Trump announced 'Liberation Day' tariffs against dozens of countries in April. China remains perhaps the biggest unresolved case. Advertisement 'The Chinese have been very pragmatic,' Greer said in comments posted on social media by his office late Monday. 'Obviously we've had a lot of tensions over the years. We have tensions now, but the fact that we are regularly meeting with them to address these issues gives us a good footing for these negotiations.' 'Whether there will be a deal or not, I can't say,' Greer added in the clip posted on X from MSNBC's 'Morning Joe'. 'Whether there's room for an extension, I can't say at this point. But the conversations are constructive and they're going in the right direction.' Many analysts expect that the Stockholm talks, at a minimum, will result in an extension of current tariff levels that are far lower than the triple-digit percentage rates as the U.S.-China tariff tiff crescendoed in April, sending world markets into a temporary tailspin. Advertisement The two sides backed off the brink during bilateral talks in Geneva in May and agreed to a 90-day pause — which is set to end on Aug. 12 — of those sky-high levels. They currently stand at U.S. tariffs of 30% on Chinese goods, and China's 10% tariff on U.S. products. Other issues on the agenda include access of American businesses to the Chinese market; Chinese investment in the U.S.; components of fentanyl made in China that reach U.S. consumers; Chinese purchases of Russian and Iranian oil; and American steps to limit exports of Western technology, like chips that help power artificial intelligence systems. Wendy Cutler, a former U.S. trade negotiator and now vice president at the Asia Society Policy Institute, said that Trump's team would face challenges from 'a large and confident partner that is more than willing to retaliate against U.S. interests.' Rollover of tariff rates 'should be the easy part,' she said, warning that Beijing has learned lessons since the first Trump administration and 'will not buy into a one-sided deal this time around.' On Monday, police have cordoned off a security zone along Stockholm's vast waterfront as rubbernecking tourists and locals sought a glimpse of the top-tier officials through a phalanx of TV news cameras lined up behind metal barriers. Flagpoles at the prime minister's office were festooned with the American and Chinese flags.
Metro
24 minutes ago
- Metro
Tech secretary suggests Nigel Farage is on side of Jimmy Savile over online law
To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video Science Secretary Peter Kyle has said Nigel Farage is on the side of modern-day equivalents of Jimmy Savile, over his opposition to the Online Safety Act. One of the most contentious parts of the law, introducing age verification to websites hosting porn and other 'adult content', came into effect on Friday. The changes have generated backlash from internet users, and Farage used a Reform UK press conference yesterday to pledge his party would repeal the act if elected to government. In an appearance on Sky News this morning, Kyle said the move would stop 'strange adults getting in touch with children'. He said: 'We have people out there who are extreme pornographers peddling hate, peddling violence. Nigel Farage is on their side. Make no mistake about it, if people like Jimmy Savile were alive today, he'd be perpetrating his crimes online, and Nigel Farage is saying he's on their side, not the side of children.' Craig Munro breaks down Westminster chaos into easy to follow insight, walking you through what the latest policies mean to you. Sent every Wednesday. Sign up here. Asked twice to clarify if he was claiming the Reform leader was on the side of Savile, one of the worst sexual predators in British history, the Science Secretary did not backtrack. Kyle added: 'Nigel Farage is on the side of turning the clock back to the time when strange adults, strangers can get in touch via messaging apps with children.' In a post on X following the broadcast, Farage called the minister's comments 'disgusting', writing: 'He should do the right thing and apologise.' Kyle responded by quoting the post and adding: 'If you want to overturn the Online Safety Act you are on the side of predators. It is as simple as that.' More Trending Speaking on Sky News later in the morning, former Reform chairman Zia Yusuf said the comments were 'one of the most outrageous and disgusting things a politician has said in the political arena that I can remember'. To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video He continued: 'Levelling that allegation, talking about Jimmy Savile in that way, does nothing other than denigrate the victims of Jimmy Savile.' Yusuf previously suggested the Online Safety Act was turning the UK in a 'dystopian Chinese surveillance state'. A petition calling on the government to repeal the act has gathered more than 380,000 signatures online, meaning Parliament will consider it for a debate. Hello, I'm Craig Munro and I'm Metro's man in Westminster. Every Wednesday, I write our Alright, Gov? newsletter with insights from behind the scenes in the Houses of Parliament – and how the decisions made there will end up affecting you. This week we had a look at concerns from those in power about potential riots this summer – and had room for an exclusive warning about care worker visas and a quiz about Tory frontbenchers. Click here to sign up Get in touch with our news team by emailing us at webnews@ For more stories like this, check our news page. MORE: Buying gluten free costs me hundreds of pounds – it's not my fault MORE: Readers discuss migrant protests, Labour's left-wing, water systems and wealth tax MORE: The 100-word emergency alert system message being sent to millions of phones in weeks
