economy

US economic growth slows significantly in first quarter

By Beiyi SEOW WASHINGTON, April 25, 2024 (AFP) - The US economy cooled markedly in the first three months this…

JPMorgan Chase CEO warns inflation could stay high

NEW YORK, April 8, 2024 (AFP) - Inflation could remain elevated for longer than expected, posing a risk to the…

Yellen, Premier Li express hope for US-China cooperation

By Beiyi SEOW BEIJING, April 7, 2024 (AFP) - US Treasury Secretary Janet Yellen and Chinese Premier Li Qiang sounded…

What is the economic impact of the Baltimore bridge collapse?

By Beiyi SEOW with Elodie MAZEIN in New York WASHINGTON, March 27, 2024 (AFP) - Diverted cargo and supply chain…

US lawmakers race to avert weekend government shutdown

By Frankie TAGGART WASHINGTON, March 21, 2024 (AFP) - US lawmakers released a $1.2 trillion package in the early hours…

South Korea’s bitcoin “kimchi premium” surges to two-year high as global prices surge

SEOUL, March 8, 2024 (AFP) - South Korea's so-called "kimchi premium" on bitcoin prices hit a two-year high this week,…

Spain suspends Worldcoin crypto over privacy concerns

MADRID, March 6, 2024 (AFP) - Spain's data protection agency said Wednesday it had ordered the temporary suspension of the…

Trade, submarines feature at ASEAN talks in Australia

MELBOURNE, March 5, 2024 (AFP) - Australia unveiled plans to ramp up investment in Southeast Asia on Tuesday, setting aside…

Australia sets up $1.3 bn fund to grow trade with ASEAN

MELBOURNE, March 5, 2024 (AFP) - Australia unveiled plans to ramp up investment in Southeast Asia on Tuesday, setting aside…

Hong Kong scraps property taxes to revive sluggish market

HONG KONG, Feb 28, 2024 (AFP) - Hong Kong has axed all property transaction taxes in a bid to revive…

Rat on a plane sparks worries for Sri Lanka’s airline

COLOMBO, Feb 27, 2024 (AFP) - Sri Lanka's national airline on Tuesday blamed a rat for grounding a plane for…

Japan inflation slows to 2.0% in January, BOJ faces dilemma between rates and recession

  By Kyoko HASEGAWA TOKYO, Feb 27, 2024 (AFP) - Japanese inflation slowed less than expected to two percent in…

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