Economy

Economy Latest News

Asian markets dip after US tech slide
Asian markets dip after US tech slide
by  AFP

Asian markets mostly fell Wednesday morning, mirroring a rout of US tech titans the previous day as investors await signals of an interest rate cut in the world's largest economy. The previous day on Wall Street saw several major technology firms lose significant market share, including Nvidia, Palantir and Oracle.

US agrees to talks with Brazilian WTO delegates on tariffs
US agrees to talks with Brazilian WTO delegates on tariffs
by  AFP

The United States has agreed to Brazil's request to enter talks with the World Trade Organization (WTO) to discuss the 50 percent tariffs imposed by Washington, according to a recent letter. "The United States accepts the request of Brazil to enter into consultations," read a letter dated August 15 from the Washington WTO delegation and published on the organization's website.

UK drops demand for access to Apple user data
UK drops demand for access to Apple user data
by  AFP

Britain has dropped its request for access to Apple users' encrypted data, which had created friction between London and Washington, US intelligence chief Tulsi Gabbard said Tuesday. Gabbard said the request "would have enabled access to the protected encrypted data of American citizens and encroached on our civil liberties".

Google agrees to US$36m fine over Android search deals
Google agrees to US$36m fine over Android search deals
by  AFP

Google has agreed to pay a Aus$55 million (US$36 million) penalty for striking "anti-competitive" deals to pre-install only its own search engine on Android mobile phones sold by two leading Australian telecoms firms. The court would now decide whether the agreed penalty and other orders were "appropriate", the Australian Competition and Consumer Commission said in a statement released on Monday.

'Call of Duty' to fire starting gun at Gamescom trade show
'Call of Duty' to fire starting gun at Gamescom trade show
by  AFP

Mega-selling first-person shooter franchise "Call of Duty" will blow open the Gamescom video games trade fair Tuesday, headlining a wave of new releases as the industry weathers a rough patch. Exhibitors may be less ecstatic than fans at this year's Gamescom as the industry endures an extended rough patch.

Asian markets cautious after Zelensky-Trump talks
Asian markets cautious after Zelensky-Trump talks
by  AFP

Asian markets were little changed Tuesday after Wall Street treaded water and US President Donald Trump held what he called "very good" talks with Ukrainian and European leaders on ending the three-year war.

Panama hopes to secure return of US banana giant Chiquita
Panama hopes to secure return of US banana giant Chiquita
by  AFP

Panamanian President Jose Raul Mulino will meet with representatives of US banana giant Chiquita Brands in Brazil later this month amid a push for the company to resume operations in his country after it laid off its entire workforce due to a strike, a minister announced Monday.

'Things will improve': Bolivians look forward to right's return
'Things will improve': Bolivians look forward to right's return
by  AFP

Bolivians on Monday began looking to a future without the ruling socialists of the past two decades, after the first round of presidential and parliamentary elections were won by a resurgent right. Both Paz, son of former president Jaime Paz (1989-1993), and Quiroga, who served a year as president in the early 2000s, launched their second-round campaigns Monday with calls for unity.