Economy

Economy Latest News

Waste pickers battle for recognition at plastic treaty talks
Waste pickers battle for recognition at plastic treaty talks
by  AFP

As diplomats negotiate behind closed doors in Busan on a treaty to curb plastic pollution, the waste pickers who are on the front lines of the problem are fighting for recognition. In 2022, a UN resolution recognised the contribution of waste pickers to the fight against plastic pollution, and the sector wants that enshrined in any deal in Busan.

Yen rallies on rate hike bets as equity markets swing
Yen rallies on rate hike bets as equity markets swing
by  AFP

The yen rallied Friday after forecast-busting inflation data out of Tokyo boosted talk of another Japanese interest rate cut next month, while equity markets were mixed as traders weigh the economic outlook during a second Trump administration. The stronger yen weighed Japanese exporters and pushed Tokyo stocks lower on Friday.

PlayStation at 30: How Sony's grey box conquered gaming
PlayStation at 30: How Sony's grey box conquered gaming
by  AFP

Japanese electronics giant Sony is set to celebrate 30 years since it launched the PlayStation console, the little grey box that catapulted the firm into the gaming big league. - Sony 'humiliated' - The original PlayStation can trace its history to a falling out between the two great Japanese firms.

'Black Friday' deals target inflation-weary US consumers
'Black Friday' deals target inflation-weary US consumers
by  AFP

The annual Black Friday shopping day has always been about finding the best deals, but this year retailers are preparing for a US consumer more zealously fixated than ever on getting value for their money. "They're becoming increasingly resourceful in their shopping behaviors, waiting to buy until (the) last moment of need, focusing on deals and then stocking up when they find them," he said.

Canada watchdog sues Google over 'anti-competitive' ad tech
Canada watchdog sues Google over 'anti-competitive' ad tech
by  AFP

Canada's competition watchdog announced Thursday it was taking Google to court, accusing the company of "anti-competitive behavior" in online advertising. France's competition watchdog fined Google 220 million euros in June 2021 for favoring its own services in the online advertising sector.

Biden slams Trump tariff threats as 'counterproductive'
Biden slams Trump tariff threats as 'counterproductive'
by  AFP

President Joe Biden on Thursday warned against damaging relations with Canada and Mexico, after Donald Trump threatened to slap tariffs on both US neighbors when he takes office in January. Sheinbaum said Thursday that after her talks with Trump, "there is not going to be a potential tariff war."

Uber and Bolt unveil women-only service in Paris
Uber and Bolt unveil women-only service in Paris
by  AFP

Two rival ride-hailing platforms announced on Thursday options allowing Parisian women to order a car driven by a female driver in a bid to ensure "greater safety" for its customers. The change will ensure "greater safety" for its women customers, said Uber, with some 1,500 female drivers already available in Paris.