Politico, in a statement to readers from CEO Goli Sheikholeslami and Editor-in-Chief John Harris, said Thursday that it is not getting a government subsidy.
Hong Kong’s Hang Seng dropped 1.4% to 22,969.03 as China and the U.S. accused each other of breaching their tariff agreement reached in Geneva last month.Tokyo’s Nikkei 225 lost 1.3% to 37,470.67, while the Kospi in Seoul added 0.1% to 2,698.97.
Australia’s S&P/ASX 200 retreated 0.2% to 8,414.10.India’s Sensex lost 0.4% while the Taiex in Taiwan fell 1.6%.On Friday, Wall Street closed its best month since 2023. The S&P 500 retreated less than 0.1% to end at 5,911.69 and the Dow industrials Jones Industrial Average edged 0.1% higher to 42,270.07. The Nasdaq composite fell 0.3% to 19,113.77.
Gap, the company behind Banana Republic and Old Navy fell 20.2% after saying tariffs on imports from China and other countries could add up to $300 million to its costs this fiscal year. It has strategies set to mitigate up to half of that before it hits its profits.Hopes had largely been rising that the worst of such worries had passed, which in turn sent stocks rallying, after Trump paused his tariffs on both
. That all sent the S&P 500 in May to its first winning month in four and its best since November.
But the tariffs remain in place while the White House appeals the ruling by the U.S. Court of International Trade, and the ultimate outcome is still uncertain.“In the 35 years I’ve been in the Amazon, it’s the first time I’ve seen it this low,” said Jugalvis Valencia, 61, a boat tour guide. He worries that a repeat drought next year will dry up some parts of the river completely.
“If we have a similar summer next year, it’s possible that (the river) will get cut off and we’ll be stuck in Leticia,” he said.People from the Tikuna Indigenous community wait to receive aid from a nonprofit amid a drought on Amazon River in Loma Linda, near Leticia, Colombia, Sunday, Oct. 20, 2024. (AP Photo/Ivan Valencia)
People from the Tikuna Indigenous community wait to receive aid from a nonprofit amid a drought on Amazon River in Loma Linda, near Leticia, Colombia, Sunday, Oct. 20, 2024. (AP Photo/Ivan Valencia)A man from the Tikuna Indigenous community carries a cistern from a nonprofit that can be used to catch and store rainwater for the community amid a drought in Loma Linda, near Leticia, Colombia, Sunday, Oct. 20, 2024. (AP Photo/Ivan Valencia)