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Khamenei warns of 'strong' response if Iran attacked
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France fines Apple 150 million euros over privacy feature
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UK PM urges nations to smash migrant smuggling gangs 'once and for all'
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Thai authorities probe collapse at quake-hit construction site
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France's Le Pen convicted in fake jobs trial
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Chinese tech giant Huawei says profits fell 28% last year
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Trump says confident of TikTok deal before deadline
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Myanmar declares week of mourning as hopes fade for quake survivors
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Japan's Nikkei leads hefty market losses, gold hits record
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Tears in Taiwan for relatives hit by Myanmar quake
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Venezuela says US revoked transnational oil, gas company licenses
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Arsenal, Tottenham to play pre-season North London derby in Hong Kong
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Japan's Nikkei leads hefty equity market losses; gold hits record
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Israel's Netanyahu picks new security chief, defying legal challenge
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Trump says US tariffs to hit 'all countries'
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Japan-Australia flagship hydrogen project stumbles
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Musk deploys wealth in bid to swing Wisconsin court vote
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Mensik upsets Djokovic to win Miami Open
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China manufacturing activity grows at highest rate in a year
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'Waited for death': Ex-detainees recount horrors of Sudan's RSF prisons
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Japan's Nikkei leads big losses in Asian markets as gold hits record
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Rescue hopes fading three days after deadly Myanmar quake
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'Basketbrawl' as seven ejected in Pistons-Wolves clash
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Four men loom large in Microsoft history
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Computer pioneer Microsoft turns 50 in the age of AI
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Trump calls out both Putin and Zelensky over ceasefire talks
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Kim Hyo-joo tops Vu in playoff to win LPGA Ford Championship
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Economy and especially Trump: Canadians' thoughts on campaigns
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Liberal PM Carney takes lead four weeks before Canada vote
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SpaceX to launch private astronauts on first crewed polar orbit
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Australia open door for Kerr's return as Matildas captain
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Stock markets slide over US inflation, tariff fears
Stock markets took a tumble Friday as a closely watched US inflation reading heated up, adding to concerns over the fallout from an incoming wave of tariffs by President Donald Trump.
Shares in automakers fell further as they brace for 25-percent US levies due to kick in early next week along with a raft of "reciprocal" tariffs tailored to different countries.
The market mood has soured over fears that Trump's tactics will trigger tit-for-tat tariffs that would rekindle inflation, which could put the brakes on interest-rate cuts and spark a recession.
"Investors remain nervous over the economic repercussions from President Trump's tariff threats, just days before he unleashes his 'reciprocal tariffs'" on April 2, said David Morrison, senior market analyst at financial services provider Trade Nation.
In Europe, while London just about held the line, closing barely off in the week's final session, Paris, Frankfurt and Milan all slid around one percent.
But the red was all the more pronounced on Wall Street as the tech-heavy Nasdaq gave up 2.6 percent while the Dow and the broad-based S&P 500 both shed around 1.5 percent.
The slide came after official data showed the Federal Reserve's preferred inflation measure, the personal consumption expenditures (PCE) price index, remained unchanged last month at 2.5 percent.
But another key figure, core inflation, which strips out volatile food and energy costs, rose more than expected at 2.8 percent in February on an annual basis, up from 2.6 percent the month before.
"The (PCE) report isn't devastating, but given the current economic uncertainty and market volatility, investors were looking for reassurance in this report -- not something to fan the flames," said Bret Kenwell, US investment analyst at trading platform eToro.
Paris and Frankfurt stocks dropped, with automakers Volkswagen, Renault and Stellantis, whose brands include Jeep, Peugeot and Fiat, faring particularly badly.
General Motors and Ford had more limited losses on Wall Street.
London finished nearly flat after data showed the UK economy expanded more than initially estimated last year and retail sales rose.
Tokyo's stock market sank 1.8 percent as the world's biggest carmaker Toyota fell, along with Honda, Nissan and Mazda.
Seoul was off 1.9 percent as Hyundai gave up 2.6 percent.
Uncertainty over Trump's plans and long-term intentions has led investors to rush into safe havens such as gold, which hit a new record high of $3,085.96 an ounce on Friday.
Governments around the world have hit out at Trump's latest tariffs, with Canadian Prime Minister Mark Carney saying his country's "old relationship" of deep economic, security and military ties with Washington "is over".
Tariff worries also saw Hong Kong and Shanghai stock markets fall.
Bangkok was in the red when trading was suspended as the Thai capital was shaken by a powerful earthquake in neighbouring Myanmar.
Investors also kept tabs on Beijing, where Chinese President Xi Jinping met business leaders, pledging the country's door would "open wider and wider" -- but also warning of "severe challenges" to the world trading system.
- Key figures around 1645 GMT -
New York - Dow: DOWN 1.5 percent at 41,671.29 points
New York - S&P 500: DOWN 1.8 percent at 5,593.87
New York - Nasdaq: DOWN 2.6 percent at 17,338.65
London - FTSE 100: DOWN 0.1 percent at 8,658.85 (close)
Paris - CAC 40: DOWN 0.9 percent at 7,916.08 (close)
Frankfurt - DAX: DOWN 1.0 percent at 22,461.52 (close)
Tokyo - Nikkei 225: DOWN 1.8 percent at 37,120.33 (close)
Hong Kong - Hang Seng Index: DOWN 0.7 percent at 23,426.60 (close)
Shanghai - Composite: DOWN 0.7 percent at 3,351.31 (close)
Euro/dollar: UP at $1.0823 from $1.0796 on Thursday
Pound/dollar: DOWN at $1.2934 from $1.2947
Dollar/yen: DOWN at 150.11 yen from 151.04 yen
Euro/pound: UP at 83.63 pence from 83.38 pence
West Texas Intermediate: DOWN 1.1 percent at $69.15 per barrel
Brent North Sea Crude: DOWN 0.8 percent at $73.47 per barrel
P.Silva--AMWN