economy

Fear of change: Negative politics wins Australia election

Australia's conservative government held on to power at national elections thanks to a highly effective negative campaign warning voters against…

China fires back at US with tariff hike on goods worth $60 billion

by Poornima WEERASEKARA BEIJING, China (AFP) -- China said Monday it will raise tariffs on $60 billion worth of US…

Wall Street sags after record-breaking session

by Roland JACKSON NEW YORK, United States (AFP) -- Wall Street pulled back from records on Wednesday as investors digested…

Oil prices jump as Trump cracks down on Iranian exports

by Richard CARTER NEW YORK, United States (AFP) -- Oil prices jumped to near six-month highs on Monday as the…

Asian markets resume rally on earnings hopes, trade optimism

HONG KONG, China (AFP) -- Asian markets chalked up healthy gains Monday as investors cheered a strong start to the…

World’s first 5G phone released in South Korea

  by Claire Lee Agence France Presse SEOUL, South Korea (AFP) -- Telecom giant Samsung Electronics on Friday released the…

Japan business confidence drops in April: BoJ survey

TOKYO, Japan (AFP) -- Confidence among Japan's biggest manufacturers fell sharply this quarter, the Bank of Japan's quarterly business survey showed…

Billionaire Buffett: nations must help economic ‘roadkill’

WASHINGTON, United States (AFP) -- Billionaire investor Warren Buffett said Thursday that wealthy countries are obliged to take care of…

Japan’s factory output rises, unemployment stays low

TOKYO, Japan (AFP) -- Japan's closely watched factory output rose modestly in February with unemployment staying at record low levels,…

US-China trade talks open in Beijing

by Ryan MCMORROW BEIJING, China (AFP) -- The United States and China open the latest round of their trade talks…

Cradle of Venezuela oil industry is a scene of desolation

by Margioni BERMÚDEZ MENE GRANDE, Venezuela (AFP) -- Greasy slicks continue to darken the ground in Mene Grande, a modest…

UAE regrets inclusion in EU tax blacklist

The United Arab Emirates has slammed a European Union decision to add it to a tax haven blacklist despite the…

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