SEOUL :Shares in South Korean chipmaker SK Hynix fell 3.1 per cent in early Thursday trade, after President Donald Trump said the U.S. will impose a tariff of about 100 per cent on chips. SK Hynix supplies Nvidia with chips called high-bandwidth memory used in artificial intelligence chipsets.Trump said on…

LOOMING ECONOMIC HIT Keller-Sutter’s meeting with Rubio began at 10:15am (1415 GMT) and was scheduled to last one hour, according to the State Department. “There are currently no plans to meet President Trump, but the situation could change,” a Swiss government official told Reuters. Earlier in the day, the Swiss delegation met with key business leaders, including Roche Chairman Severin Schwan, Partners Group co-founders Alfred Gantner and Marcel Erni, and Daniel Jaeggi, president of commodity…

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Trump, who has signalled frustration with Putin in recent weeks and has given the Russian president until Friday to make peace with Ukraine or face tougher sanctions, hailed Witkoff’s visit as highly productive. But a White House official said the secondary sanctions that Trump has threatened against countries doing business…

Business

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BEIJING: China’s exports beat forecasts in July, as manufacturers made the most of a fragile tariff truce between Beijing and Washington to ship goods ahead of a looming deadline later this month. Outbound shipments from the world’s second-largest economy rose 7.2 per cent year-on-year in July, customs data showed on…

Lifestyle

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