
-
Man Utd post sixth straight annual loss despite record revenues
-
Australian teen Gout Gout revels in world championships debut
-
AI may boost global trade value by nearly 40%: WTO
-
New Zealand star Miller out of Women's Rugby World Cup semi-final
-
Lyles and Gout Gout advance to world 200m semi-finals
-
S.Africa commission begins probe into alleged links between politics and crime
-
PSG women in audacious bid to sign Barca's Putellas
-
Jefferson-Wooden eases into world 200m semis and sets sights on being next Fraser-Pryce
-
Germany's Merz vows 'autumn of reforms' in turbulent times
-
EU says India's Russian oil purchases, military drills hinder closer ties
-
Gold worth 600,000 euros stolen in Paris museum heist
-
Top music body says AI firms guilty of 'wilful' copyright theft
-
Trump gets royal treatment on UK state visit
-
Ostrich and emu ancestor could fly, scientists discover
-
Former boxing world champion Hatton 'excited for the future' before death: family
-
Stocks, dollar calm before expected US rate cut
-
After mass Nepal jailbreak, some prisoners surrender
-
Poison killed Putin critic Navalny, wife says
-
Australia coach expects Cummins to play 'key part' in Ashes
-
Hong Kong leader plans to fast-track border mega-project
-
Ben & Jerry's co-founder quits, says independence 'gone'
-
Erasmus keeps faith with Springbok squad after record All Blacks win
-
Hong Kong leader unveils plan to boost growth with border mega-project, AI push
-
Israel says opening new route for Gazans fleeing embattled city
-
New Zealand's historic athletics worlds a decade in the making
-
Trump to get royal treatment on UK state visit
-
Benfica sack Lage after shock defeat, Mourinho next?
-
Israel says to open new route for Gazans fleeing embattled city
-
Nestle share price slips as chairman follows CEO out the door
-
German suspect in Madeleine McCann case freed from prison
-
US tennis star Townsend apologises for 'crazy' Chinese food post
-
Peru evacuates 1,600 tourists from Machu Picchu amid protest
-
Nepal mourns its dead after anti-corruption protests
-
UK inflation stable ahead of central bank rate call
-
India checks Maoist rebel offer of suspending armed struggle
-
Israel to open new route for Gazans fleeing besieged city
-
Lower shipments to US, China weigh on Singapore August exports
-
Inside the hunt for the suspect in Charlie Kirk's killing
-
Junta accused of coveting power in crucial Guinea referendum
-
TV writer Hagai Levi: boycott risks hitting Israel's critical voices
-
Sri Lanka to ban predatory pet fish to protect ecosystems
-
'Genius' De Bruyne leads Napoli in emotional return to Man City
-
World number one Sabalenka out of China Open with injury
-
Estimated 16,500 climate change deaths during Europe summer: study
-
'Fifa' successor 'FC 26' polishes the beautiful game
-
Park Chan-wook's murder comedy to open Asia's biggest film festival
-
India's gaming fans eye illegal sites after gambling ban
-
EU business lobby head says China rare earths snag persists
-
Botox under burqas: Cosmetic surgery in vogue in Afghanistan
-
Asian stocks swing as traders bide time ahead of US rate decision
RYCEF | -0.06% | 15.64 | $ | |
JRI | -1.01% | 13.92 | $ | |
CMSC | 0.29% | 24.39 | $ | |
RBGPF | 0% | 77.27 | $ | |
BCC | -3.31% | 82.39 | $ | |
GSK | -0.62% | 40.05 | $ | |
SCS | 0.06% | 16.88 | $ | |
NGG | -1.04% | 70.88 | $ | |
RIO | -0.44% | 63.44 | $ | |
BCE | -1.11% | 23.43 | $ | |
VOD | -0.34% | 11.77 | $ | |
CMSD | 0.04% | 24.46 | $ | |
AZN | -0.63% | 77.56 | $ | |
BP | 0.64% | 34.43 | $ | |
RELX | -0.36% | 46.69 | $ | |
BTI | -0.43% | 55.79 | $ |

US trade envoy finds China's shipbuilding policies warrant 'urgent action'
The US Trade Representative said Thursday that its probe into China's practices in the shipbuilding, maritime and logistics sectors found that Beijing's undermining of fair competition warranted "urgent action."
The conclusion comes after the USTR launched an investigation last year, responding to a petition by five unions.
"Beijing's targeted dominance of these sectors undermines fair, market-oriented competition, increases economic security risks, and is the greatest barrier to revitalization of US industries," USTR Katherine Tai said in a statement.
Tai added that the findings, under Section 301 of the Trade Act, "set the stage for urgent action to invest in America and strengthen our supply chains."
Beijing's commerce ministry hit back Friday, saying it was "strongly dissatisfied and firmly opposes" the probe, adding that its conclusions were "full of false accusations against China."
A Section 301 investigation was a key tool President-elect Donald Trump's first administration used to justify tariff hikes on Chinese goods.
Tai said Thursday that the United States builds fewer than five ships each year -- a sharp decline from in the 1970s -- while China builds more than 1,700.
The USTR investigation found China's efforts to dominate the sector "unreasonable" as they displace foreign firms and create dependencies on the world's second biggest economy.
The USTR added that Beijing also has "extraordinary control over its economic actors and these sectors."
In its Friday response, Beijing's commerce ministry said that "historically, the decline of the US shipbuilding industry has had nothing to do with China."
"China's shipping market has always been open to the world and has never adopted discriminatory policies against foreign ships and foreign companies," it said in a statement.
It added that "China's industrial policy is mainly guiding rather than mandatory and treats Chinese and foreign companies equally."
"The US 301 investigation is based on domestic political needs and the aim to suppress China's development," it said.
A decision on what actions to take would be considered in the next stage of the US probe.
On Thursday, Alliance for American Manufacturing president Scott Paul applauded the pursuit of the investigation.
"Failing to take decisive action will leave our shipbuilding capabilities at the mercy of Beijing's persistent predatory market distortions," Paul said.
B.Finley--AMWN