China’s economy slows in April as trade war blues hit retail sales, housing and investment | World News

[ad_1] China’s economy slows in April as trade war blues hit retail sales, housing and investment (Photo: AP) China’s economy showed signs of slowing in April as President Donald Trump’s trade war took a toll, with retail sales, property and investment coming in weaker than economists had forecast. Industrial production slowed as Trump’s painfully high […]

US retail sales little changed, signs of pullback after pre-tariff rush | World News

[ad_1] US retail sales little changed, signs of pullback after pre-tariff rush (Photo: AP) Retail sales in the United States were near-flat in April, government data showed Thursday, with indications that spending is slowing after consumers rushed to beat higher prices from President Donald Trump’s sweeping tariffs.Overall sales nudged up 0.1 percent to $724.1 billion […]

Rights groups take UK govt to court over Israel arms sales

[ad_1] A split image showing destruction in Gaza and a UK government office making arms export decisions (Representative Image: AI-generated) Rights groups and NGOs are dragging the UK government to court on Tuesday accusing it of breaching international law by supplying fighter jet parts to Israel amid the war in Gaza.Supported by Amnesty, Human Rights […]

Europeans Shun Tesla, Even as Electric Vehicle Sales Rise

[ad_1] Tesla sales in Germany and Britain fell to their lowest point in more than two years in April, cementing a wider trend of Europeans shunning the U.S. automaker, despite growing demand for battery-powered vehicles in Europe. Registrations of new Tesla vehicles dropped nearly 46 percent in Germany and 62 percent in Britain from a […]

Arms maker Saab posts record sales as Europe rearms

[ad_1] Representative image (AP) STOCKHOLM: Swedish defence group Saab on Friday reported soaring quarterly earnings and record sales as European countries beef up their defence capacities amid geopolitical tensions and uncertainties.The company noted, however, that the uncertainties, including those over US President Donald Trump’s tariffs scheme, also “present challenges and make it difficult to predict […]