Colombia raises import tariffs on Ecuadorian goods from 30% to 100% amid escalating trade tensions
Colombia's Ministry of Commerce, Industry and Tourism has implemented a significant increase in import tariffs on goods from Ecuador, raising the rate from 30 percent to 100 percent. This development comes in response to Ecuador's announcement of a similar hike, marking an escalation in trade tensions between the two countries, both of which are facing ongoing issues related to drug trafficking and economic stability. The tariff adjustment was confirmed on Friday, following Ecuador's decision to increase its import taxes as part of a broader strategy to address what it perceives as an unfavorable trade balance with Colombia. The Ecuadorian government... [Continue Reading]
360LiveNews | 11 Apr 2026 01:32 LONDON
US Court of International Trade hears case on President Trump's import tariffs following Supreme Court ruling
The scrutiny of former President Donald Trump’s import tariffs has intensified, as a three-judge panel of the US Court of International Trade recently began hearing a critical case aimed at overturning temporary tariffs implemented after a Supreme Court ruling invalidated his previous, more extensive tariffs. This moment marks a significant chapter in the ongoing legal battle over Trump’s controversial trade policies, which have profoundly affected international trade relations and domestic economics. The tariffs in question, set at 10 percent on global imports, went into effect on February 24. A coalition comprising 24 predominantly Democratic-led states and two small businesses is... [Continue Reading]
360LiveNews | 10 Apr 2026 19:33 LONDON
Australia and Singapore reaffirm commitment to uninterrupted fuel supply during Prime Minister Albanese's visit
In a significant development for international energy cooperation, Australia and Singapore have reaffirmed their commitment to maintaining an uninterrupted fuel supply amidst ongoing global energy shocks. This commitment was articulated during Australian Prime Minister Anthony Albanese's recent visit to Singapore, where he engaged in discussions focused on the importance of Australia's liquefied natural gas (LNG) supply to the Southeast Asian nation. The visit, which began on Thursday, highlights the deepening economic ties and resilience agreements between the two countries. During his media address, Albanese asserted the reliability of Australia as a pivotal supplier of LNG, stating, "Australia has been a... [Continue Reading]
360LiveNews | 10 Apr 2026 15:20 LONDON
Tencent Updates WeChat Content Governance Rules to Ban AI and Automated Content Production
Tencent Holdings has introduced updated content governance rules for its super app WeChat, reflecting growing concerns regarding the proliferation of automated and AI-generated content. The updated guidelines, which were announced on Thursday, specifically ban the use of artificial intelligence, scripts, and other automated methods for content production and distribution, aimed at curbing low-effort, mass-produced posts. The decision to enforce these new regulations comes amid an increasing reliance on AI technologies that risk displacing human creators in content creation. In an official statement, WeChat emphasized that "official accounts and service accounts must not use AI, scripts, APIs or other automated methods... [Continue Reading]
360LiveNews | 10 Apr 2026 15:05 LONDON
China's Cross-border Interbank Payment System sees single-day transactions exceed 1 trillion yuan amid rising yuan settlement demand
China has witnessed a significant increase in currency transactions, with single-day payments via its Cross-border Interbank Payment System exceeding 1 trillion yuan. This surge reflects the growing demand for yuan settlements, particularly influenced by recent tensions in the Middle East, according to analysts. The demand was further bolstered by a 50% increase in average daily transaction values in March, which reached 920.45 billion yuan, marking the highest level recorded in over a year. Additionally, the number of transactions rose sharply to 35,740, up from 25,930 in February, indicating a robust operational momentum. Ding Shuang, chief economist at Standard Chartered, noted... [Continue Reading]
360LiveNews | 09 Apr 2026 14:41 LONDON
Philippines to Boost Role in Global Critical Minerals Market with Support from US and Japan
The Philippines is set to enhance its engagement in the global critical minerals and rare earths market, with substantial backing from the United States and Japan. A recent report from the US-based think tank Centre for a New American Security (CNAS) outlines the collaborative efforts required to leverage the Philippines' rich mineral reserves. As the global demand for critical minerals surges, Washington and Tokyo view Manila's assets as essential for reducing reliance on China, which has dominated this sector. The report emphasizes the necessity for the Philippine government to initiate reforms aimed at reducing bureaucratic obstacles and addressing corruption in... [Continue Reading]
360LiveNews | 08 Apr 2026 14:13 LONDON
Hong Kong's Mandatory Provident Fund reports over HK$100 billion in losses for March, its worst monthly performance in 25 years
Hong Kong’s Mandatory Provident Fund (MPF) is facing significant financial setbacks, poised to report over HK$100 billion (approximately US$12.8 billion) in losses for March, marking its worst monthly performance in dollar terms since its establishment 25 years ago. The downturn, which lies in tandem with the Hang Seng Index's plummet to a three-year low, indicates severe impacts of recent global stock market instability and regional uncertainties. The fallout from the volatile global financial markets, exacerbated by ongoing tensions in the Middle East region, has left 4.8 million MPF members grappling with unprecedented losses, averaging HK$21,542 per member over the first... [Continue Reading]
360LiveNews | 06 Apr 2026 08:09 LONDON
