Economy

Economy Latest News

Bitcoin close to record as cautious markets eye US election
Bitcoin close to record as cautious markets eye US election
by  AFP

Bitcoin was close to $73,000 in early Asian trade Wednesday, approaching a record high with investors keeping a cautious eye on the US presidential election. With the uncertainty surrounding the very tight US election, safe-haven gold also reached a record high of $2,782.17 on Wednesday.

UK's Labour govt prepares to deliver decisive first budget
UK's Labour govt prepares to deliver decisive first budget
by  AFP

Britain's new Labour government unveils its first budget on Wednesday, with Prime Minister Keir Starmer warning of tax rises and public spending cuts as he focuses on long-term growth. The government has confirmed that the budget will include tax rises, cuts to public spending and changes to fiscal rules to enable borrowing billions more to invest.

Beijing files WTO complaint over EU's new taxes on Chinese EVs
Beijing files WTO complaint over EU's new taxes on Chinese EVs
by  AFP

Beijing said Wednesday it had lodged a complaint with the World Trade Organization over the European Union's decision to impose hefty tariffs on Chinese-made electric cars. China slammed Brussels's decision on Wednesday morning, saying it did not "agree with or accept" the tariffs and had filed a complaint under the World Trade Organization's (WTO) dispute settlement mechanism.

'New wave' as start-up sweeps up Thai ocean plastic
'New wave' as start-up sweeps up Thai ocean plastic
by  AFP

As a long-tail boat arrives at a fishing village on the southern Thai island of Koh Chang, residents gather to sell their wares -- not seafood, but plastic. On Koh Chang, a 30-minute speedboat ride from the sleepy southern town of Ranong, the Tide boat's arrival prompts a flurry of activity.

Who should get paid for nature's sequenced genes?
Who should get paid for nature's sequenced genes?
by  AFP

Much of the vanilla that flavors our ice cream today is artificial, derived from the genetic signature of a plant that hundreds of years ago was known only to an Indigenous Mexican tribe.

Google reports strong growth driven by AI, Cloud
Google reports strong growth driven by AI, Cloud
by  AFP

Google's parent company Alphabet reported robust third-quarter results on Tuesday, with revenue climbing 15 percent year-over-year to $88.3 billion, powered by strong performance from its crucial advertising business and growth in cloud services.

Bolivia 'going from bad to worse': At the barricades with Morales supporters
Bolivia 'going from bad to worse': At the barricades with Morales supporters
by  AFP

At a traffic stop on a road leading to the central Bolivian city of Cochabamba, a group of coca-chewing demonstrators man a barricade of tree trunks. On Tuesday, 12 police officers were injured in clashes with demonstrators near the central town of Mairana, the second such incident in four days as the security forces move in to try to clear the roads.

Biden unveils $3 bn US ports boost, takes aim at Trump
Biden unveils $3 bn US ports boost, takes aim at Trump
by  AFP

US President Joe Biden on Tuesday unveiled a $3 billion investment towards port infrastructure in Maryland -- and took a swipe at Republican White House candidate Donald Trump a week before Election Day.