Australia announces plans to ban debit card surcharges
Australian Prime Minister Anthony Albanese says move would help ease cost of living for households.
Category Archives: Economy
Google signs deal with startup to build small nuclear reactors to power AI
Deal with Kairos Power comes as tech giants are scouring the globe for electricity sources to power data centres.
Malaysia’s stock market, once dubbed ‘world’s worst’, is making a comeback
Malaysian stocks are having a moment in the sun amid robust economic growth and influx in investment by US tech giants.
Indonesia eyes hefty tariffs on China as businesses decry cheap imports
Jakarta is proposing 200 percent tariffs on Chinese goods, citing the United States' policies as an inspiration.
Malaysia could reach high-income status by 2028, World Bank says
Southeast Asian economy on track to reach milestone within four years after 2024 growth forecast raised to 4.9 percent.
Houthi Red Sea attacks still torment global trade, a year after October 7
Yemen's rebel group has launched some 130 attacks in the crucial waterway since the start of the war in Gaza.
Could US port strike be the ‘October surprise’ that trips up Kamala Harris?
Strike by 45,000 dock workers threatens to stoke inflation just five weeks out from US presidential election.
After vowing to halt Japan’s economic decline, Kishida leaves mixed legacy
Japanese leader's 'new capitalism' produced some positive results but economy still faces major obstacles, analysts say.
Components for pagers used in Lebanon blasts not from Taiwan, minister says
CEO of Taiwan-based Gold Apollo released after questioning over role in deadly explosions.
Facebook owner Meta bans RT, other Russian state media
Tech giant's announcement comes days after Washington unveiled sanctions against Russian state media.
Elon Musk deletes post about Harris, Biden assassination after backlash
White House condemns Tesla CEO's post on X as 'irresponsible'.
Trump promises to scrap all taxes on overtime if re-elected
Republican candidate says workers who put in more than 40 hours should not pay taxes on overtime.
Harris-Trump debate: The stat about incomes that may swing the US election
Inflation-adjusted median household income rose last year for the first time since the pandemic, new data shows.
Europe needs ‘massive’ investment drive to catch global competitors: Report
Ex-ECB chief Mario Draghi's report says Europe's economy faces 'existential challenge' to catch up with the US, China.
Telegram CEO Pavel Durov hits out at ‘misguided’ arrest
Tech founder says French authorities are putting innovation at risk in first public comments since his detention.
Indonesian fruit-pickers say seasonal work in UK left them drowning in debt
Migrant workers say they were fired within weeks of arriving at UK farm after failing to meet impossible targets.
Japanese scientists graft living skin onto ‘smiling’ robot
Researchers say breakthrough could pave the way to realistic humanoids in the future.
China’s Xi promises one million jobs for Africa
Xi pledges $51bn in new financing for African countries at Forum on China-Africa Cooperation.
New Zealand’s young leaving in record numbers as cost of living bites
New Zealanders are seeking opportunity overseas at unprecedented rates amid disillusionment over house prices and jobs.
Australia’s economy posts worst performance since 1992, excluding pandemic
Gross domestic product declines 1.5 percent on per capita basis following successive interest rate hikes.