Mexican economy shrinks for first time in three years
Mexico’s economy suffered its first contraction in three years in the fourth quarter of 2024, official figures showed Thursday, as the country braces for US President Donald Trump’s threatened tariffs. Gross domestic product (GDP) shrank by 0.6 percent in the three months to December from the previous quarter, the first decline since 2021, the national […]
Samsung Electronics posts 129.85% jump in Q4 operating profit
Samsung Electronics said Friday its operating profits surged 129.85 percent year-on-year in the fourth quarter of 2024, but fell from the previous quarter as it struggled to meet demand for chips used in artificial intelligence servers. The company is the flagship subsidiary of South Korean giant Samsung Group, by far the largest of the family-controlled […]
Asian markets mostly rise but worries over tariffs, AI linger
Most Asian markets edged up Friday at the end of a week beset by volatility after China’s DeepSeek unveiled a groundbreaking chatbot, while sentiment was dampened after Donald Trump confirmed he hit Canada and Mexico with hefty tariffs. Traders were rattled by news that the Chinese startup had created a programme that apparently matched the […]
