A cargo aircraft skids off a Hong Kong runway into the sea, killing 2 airport workers
HONG KONG (AP) — A cargo aircraft skidded off a Hong Kong runway and collided with a security patrol car before both fell into the sea early Monday. The two people in the car died, while the four crew members on the plane were rescued unhurt. The flight, arriving from Dubai, United Arab Emirates, was landing at Hong Kong International Airport around 3:50 a.m., according to Hong Kong’s airport authority. The crash closed one runway, but two others were not affected and operations were normal at one of Asia's busiest airports. The Boeing 747 was being flown by Turkey-based ACT Airlines under lease by Emirates, the long-haul and cargo carrier based in Dubai.
To hit back at the United States in their trade war, China borrows from the US playbook
WASHINGTON (AP) — China has expanded its export rules on rare earths, requiring foreign firms to get approval for exporting products containing even small amounts of China-originated materials. This move mirrors the U.S.'s foreign direct product rule, which restricts China's access to certain U.S. technologies. Experts say China is adopting U.S. strategies in trade disputes. Since 2018, China has developed laws and policies to retaliate in trade conflicts, similar to U.S. practices. These include the Unreliable Entity List and the Anti-Foreign Sanction Law. While these tools help China counter U.S. actions, they also risk escalating tensions.
Trump suggests US will buy Argentinian beef to bring down prices for American consumers
ABOARD AIR FORCE ONE (AP) — President Donald Trump says the United States could purchase Argentinian beef in an attempt to bring down prices for American consumers. He told reporters aboard Air Force One during a flight Sunday from Florida to Washington that "If we do that, that will bring our beef prices down.” Trump promised earlier this week to address the issue as part of his efforts to keep inflation in check. U.S. beef prices have been stubbornly high for a variety of reasons, including drought and reduced imports from Mexico due to a flesh-eating pest in cattle herds there.
How Americans are feeling about their chances on the job market, according to an AP-NORC poll
WASHINGTON (AP) — Americans are increasingly worried about their ability to find a good job under President Donald Trump. That finding from an Associated Press-NORC Center for Public Research poll is a potential warning sign for the Republican president and his party as a promised economic boom is giving way to hiring freezes and higher prices. About half of U.S. adults are “not very confident” or are “not at all confident” they could find a good job if they wanted to. That's up from 37% when the same question was asked two years ago. People also worried about high prices for groceries, housing and gasoline, and rising electricity bills.
Asian shares advance, with Japan's benchmark surging after ruling party forms new coalition
BANGKOK (AP) — Asian markets have surged after Wall Street finished a winning week, overcoming worries over bank lending and the trade war with China. U.S. futures edged higher while oil prices fell. Japan's benchmark Nikkei 225 jumped 2.9%, briefly hitting a new record, after its ruling Liberal Democrats found a new coalition partner, securing support for its leader Sanae Takaichi to become the country’s first female prime minister. On Friday, the S&P 500 rose 0.5% and the Dow industrials also added 0.5%. The Nasdaq composite climbed 0.5%. Bank stocks steadied on Friday, while President Donald Trump eased some trade concerns after saying very high tariffs on China are not sustainable.
Vietnam’s love affair with gas bikes is colliding with a new electric reality
HANOI, Vietnam (AP) — Vietnam is racing to electrify its motorbike market, one of the largest in Southeast Asia with 77 million bikes on the road. The capital Hanoi plans to ban gasoline-powered motorcycles from its city center in 2026, and Ho Chi Minh City is weighing a similar move. The government hopes a third of Vietnam's cars and a fifth of its motorbikes will run on electricity by 2030. But challenges remain: gas-powered bikes are far cheaper and many worry about range and charging. Vietnamese electric vehicle maker VinFast and smaller startups see a massive opportunity, but big players like Honda and Yamaha say the timeline is too fast.
Trump's immigration crackdown weighs heavy on the US labor market
President Donald Trump’s sweeping crackdown on immigration is throwing foreigners out of work and shaking the American economy and job market. And it’s happening at a time when hiring is already deteriorating amid uncertainty over Trump’s erratic trade policies. Immigrants do jobs – cleaning houses, picking cotton, painting fences – that most native-born Americans won’t. They also bring the technical skills and entrepreneurial energy that have helped make the United States the world’s economic superpower. Trump is attacking immigration at both ends of spectrum, deporting low-wage laborers and discouraging skilled foreigners from bringing their talents to the United States.
Kering sells beauty division to L'Oreal and says the companies will collaborate on wellness products
French luxury goods company Kering said Sunday it is selling its beauty division to L’Oreal for 4 billion euros ($4.66 billion). Under the agreement, Clichy, France-based L’Oreal will acquire the House of Creed high-end fragrance company as well as licenses to create beauty and fragrance products for Kering brands like Gucci, Bottega Veneta and Balenciaga. Kering and L’Oréal said they are also exploring joint business opportunities in the wellness and longevity market. L’Oreal previously acquired the beauty license for Kering’s Yves Saint Laurent brand in 2008.
Shutdown impact: What it means for workers, federal programs and the economy
WASHINGTON (AP) — The federal government shutdown is approaching the second longest on record and there's no end in sight. Some lawmakers predict it could surpass the 35-day shutdown from President Donald Trump’s first term. The nation’s 1.3 million active-duty service members have gotten a temporary reprieve. But hundreds of thousands of federal civilian employees are being furloughed and facing financial stress. The travel economy is taking a big hit with tourist sites such as Smithsonian museums in the nation's capital closed. There have been air controller shortages in some cities and flight delays. The longer the shutdown lasts, the more it could be a drag on the economy.
The next major film studios could be in Nevada if some unions have their way
LAS VEGAS (AP) — Trade unions in Nevada want the state to offer tax incentives to major film studios to bring more movie making to the Vegas area. They are pushing for lawmakers to pass a $95 million tax credit proposal as part of a planned special session. Major studios like Sony Pictures and Warner Bros. say they will build a production studio in the Vegas suburbs if the incentives are available. Nevada unions say it would bring badly needed jobs and attract more tourists to the state. Still, Nevada would have to compete with California and cities like Atlanta that already offer robust financial perks to movie studios.
