Nike said Tuesday it had withdrawn a shoe displaying an early version of the American flag, with US media reporting the decision came after former NFL quarterback Colin Kaepernick warned the design was associated with slavery. Nike had unveiled the Air Max 1 USA featuring an American Revolution-era design known as the Betsy Ross flag […]
President Donald Trump said Monday that tanks and warplanes will take part at the event he’s hosting — in a major change of tradition — to celebrate the July 4 holiday. Opponents have criticized the US president for placing himself at the center of the independence day holiday Thursday by planning a speech from the […]
As the United States and China pursue trade talks, there is a “good chance” that more US firms will be granted licenses to sell products to controversial Chinese telecoms giant Huawei, White House economic advisor Larry Kudlow said Sunday. Kudlow’s comments came after President Donald Trump and China’s Xi Jinping agreed on Saturday to a […]
Confidence among Japan’s biggest manufacturers fell sharply in the second quarter to June, the Bank of Japan’s quarterly business survey showed Monday, suggesting a stuttering recovery for the world’s third-largest economy. But experts noted while the data showed lingering concern, it did not reflect the relief over a truce reached over the weekend in the […]
by Hiroshi HIYAMA / Sara HUSSEIN US President Donald Trump on Sunday hailed trade talks with his Chinese counterpart Xi Jinping as “far better than expected” and vowed to hold off on further tariffs as negotiations continue. “The quality of the transaction is far more important to me than speed. I am in no hurry, […]
by Jerome CARTILLIER / Claire LEE US President Donald Trump heads for the Demilitarized Zone dividing the two Koreas on Sunday and a possible impromptu summit with North Korean leader Kim Jong Un, in what would be a remarkable diplomatic spectacle. Trump did not mention Kim when he took to Twitter early Sunday to say […]
Nike reported increased quarterly sales, but lower profits Thursday as executives pointed to higher women’s athletics sales due in part to the Women’s World Cup. Earnings were dented somewhat by higher company spending, including on new technologies, such as a “Nike Fit” shoe sizing program that uses a smartphone to scan a consumer’s foot. Profits […]
Google said Thursday it supports a global agreement on taxation that could allocate more taxes from multinationals to jurisdictions outside their home countries. “We support the movement toward a new comprehensive, international framework for how multinational companies are taxed,” said a blog post from Karan Bhatia, Google’s vice president for public affairs and public policy. […]
The 22-year-old son of a business tycoon has dropped US$117 million on a luxury home in Hong Kong, the latest purchase to highlight the huge wealth gap in a city currently rocked by political protests. The crammed financial hub regularly tops various rankings of cities with the least affordable housing in the world, with even […]
