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Korea, Singapore and New Zealand Advance Green Trade Pact Talks

Officials from Korea, Singapore, and New Zealand reviewed progress on the plurilateral Green Economy Partnership Agreement ahead of APEC meetings.

RBA Inflation Target Origins: Why Australia Chose a Range Over Zero

The Reserve Bank of Australia’s decision to raise interest rates amid rising inflation has renewed scrutiny on its monetary policy framework, particularly the origins and rationale behind its specific 2 to 3 per cent target range.

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Oil at the root of Guyana-Venezuela border row

The discovery of vast oil deposits is blamed for reigniting a decades-old territorial dispute between Venezuela and Guyana that fast worsened as Guyana started granting licenses to multinationals to exploit crude in waters claimed by both countries.

Stellantis warns thousands in US of potential job cuts

Stellantis has notified thousands of workers in the US states of Ohio and Michigan of potential layoffs, attributing the move partly to California rules that limit where vehicles can be sold.

Wall Street stocks shrug off strong jobs data

Wall Street stocks shrugged off data showing that hiring unexpectedly accelerated in the United States last month even though it might dent chances of an interest rate cut early next year.

US unemployment ticks down as job market remains robust

The United States saw its jobless rate dip in November while hiring rose more than expected, government data showed Friday, fueling optimism that the world's biggest economy may achieve the elusive goal of avoiding recession, while also taming inflation.

Once the bane of big tech, Vestager's star wanes

Margrethe Vestager is preparing to return to her day job as the European Union's competition chief after a hard-fought and ultimately unsuccessful bid to lead the bloc's lender.

New trains, new tracks: US rail to get much-needed facelift

Old-fashioned, slow, infrequent and often non-existent, trains have long been the poor relation of cars and planes in the United States.

US unemployment ticks down as hiring accelerates

The United States saw its jobless rate edge down in November while hiring rose more than expected, government data showed Friday, as policymakers mull the need for further efforts to cool the economy.

Krispy Kreme doughnuts, the latest US chain to try its luck in France

US doughnut chain Krispy Kreme has opened its first shop in Paris, hoping to follow in the footsteps of other American fast-food franchises have won over the French in recent years.

Spain's Calvino beats Vestager to head bloc's lender

Spain's economy minister Nadia Calvino on Friday won the race to lead the European Investment Bank, the bloc's lending arm whose significance has grown since war broke out in Ukraine.

Spain finance chief Calvino to head EU's lending arm

Spain's Economy Minister Nadia Calvino, the newly-named European Investment Bank (EIB) chief, is a politician who is well-versed in EU lore and a pragmatist with experience of navigating power struggles.

Gaza and Instagram make an explosive mix in Hollywood

Hollywood celebrities are paying the price for taking sides in the Gaza war -- plastering their social media accounts with slogans such as "Free Palestine" or "I stand with Israel".

'At capacity' New York squeezes homeless migrants

Blanca, an asylum seeker with two daughters, must leave the New York City shelter she has called home for the past year after Christmas to make room for new arrivals.

Tech shares lift US stocks as yen surges

US stocks rebounded Thursday behind strong gains in tech shares ahead of key US jobs data, while the yen surged against the dollar, weighing on Japanese shares.

US, Mexico to boost cooperation on foreign investment screening

The United States and Mexico plan to form a working group on foreign investment screening to guard against national security threats, officials said Thursday, as Washington pushes to shift supply chains toward trusted partners.

Washington Post staffers walk off the job in 24-hour strike

Hundreds of staff at The Washington Post, one of America's most storied newspapers, walked off the job Thursday in a 24-hour strike after 18 months of contract negotiations failed to secure a deal.

Striking Washington Post staffers walk off the job

Hundreds of staff at the Washington Post, one of America's most storied newspapers, walked off the job Thursday in a 24-hour strike, their union said, after 18 months of contract negotiations failed to secure a deal.

Venezuela-Guyana tensions soar, US mounts military exercises

The United States announced joint military flight drills in Guyana on Thursday as soaring tensions over a contested oil-rich region with neighbor Venezuela prompted the UN Security Council to call an urgent meeting.

Stock markets diverge, oil in slight rebound

Global stock markets diverged on Thursday, on the eve of key US jobs data, as oil prices rebounded slightly from five-month lows.

US firm Arctos Partners acquires 'minority stake' in Paris Saint-Germain: club

French champions Paris Saint-Germain said on Thursday US investment firm Arctos Partners had acquired a minority stake in the Qatari-owned French club.

EU to resume negotiations on world's first AI law on Friday

The European Union failed to clinch a deal Thursday on a sweeping law on artificial intelligence after nearly 24 hours of negotiations, but vowed to continue talks the next day.

Stock markets retreat, oil in slight rebound

European and Asian stock markets retreated Thursday on the eve of key US jobs data, as oil prices rebounded slightly from five-month lows.

Bitcoin rally shines spotlight on investor risks

A much-anticipated US approval of wider bitcoin trading has helped the world's biggest cryptocurrency reach 20-month heights, risking however pain for new investors unaccustomed to its volatility.

Asia, Europe track Wall St stock losses as US jobs market softens

Asian stocks sank Thursday, extending a rollercoaster week across world markets as investors jockey for position ahead of key US jobs data and oil struggled to bounce back after hitting a five-month low.

EU tells China 'differences' must be addressed

EU President Ursula von der Leyen told Chinese leader Xi Jinping on Thursday that the bloc and its biggest trading partner must address their differences, as they began the first in-person EU-China summit in over four years.

China says exports rise for first time in seven months

Chinese exports rose in November for the first time in seven months, officials said Thursday, as the country navigates a troubled recovery from the Covid-19 pandemic.

EU leaders meet China's Xi for summit with high stakes but low expectations

European leaders met Chinese President Xi Jinping in Beijing on Thursday for talks dominated by divisions between the bloc and its largest economic partner over everything from trade to the war in Ukraine.

New York's Met takes a feminist look at global fashion

New York's Metropolitan Museum has pulled the curtain back on its latest blockbuster exhibit, showcasing women couturiers many of whom have been kept in the shadows of obscurity until now.

G7 leaders agree to restrict imports of Russian diamonds: statement

G7 leaders agreed on Wednesday to restrict imports of Russian diamonds from next year in a tightening of sanctions over Moscow's invasion of Ukraine, they said in a statement.

US oil prices slide below $70 a barrel; mixed day for global stocks

US oil prices finished below $70 a barrel for the first time since July on Wednesday on a mixed day for global equities, as traders pondered hopes for interest rate cuts from the European Central Bank and the US Federal Reserve.

COP28 head presses nations to reach climate 'compromise'

The Emirati head of the UN's climate conference pressed countries on Wednesday to strive for common ground and reach a "historic" deal by early next week, giving negotiators days to untangle disagreements over the fate of fossil fuels.

Big US banks balk at new capital rules in Senate hearing

Large US banks railed against new proposed capital requirements at a congressional hearing on Wednesday, joining Senate Republicans in casting the measures as crimping loans to everyday Americans.

Rwanda threatens pull out from migrants deal if UK acts unlawfully

Rwanda on Wednesday warned that it would pull out of a treaty to accept migrants if the UK does not respect international law, as hardliners in London turned the screw on Prime Minister Rishi Sunak.

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American Marconi Wireless News - Economy (English)