Economy

Economy Latest News

Swiftonomics and Beyonce bump: how stars power economies
Swiftonomics and Beyonce bump: how stars power economies
by  AFP

Three years after the pandemic wiped out the live music scene, fans are flocking again to see their favourite stars on stage, with Taylor Swift and Beyonce raking it in with tours that are giving local economies a boost.

Burp tax causes pre-poll stink with New Zealand farmers
Burp tax causes pre-poll stink with New Zealand farmers
by  AFP

New Zealand has a plan to tax farmers for their livestock's burps and farts -- and it's causing a stink ahead of Saturday's general elections. To help combat global warming, New Zealand was one of the first countries to announce it will start pricing agricultural emissions -- in effect taxing burps and farts from livestock.

US extends China chip waiver for Taiwan's TSMC: minister
US extends China chip waiver for Taiwan's TSMC: minister
by  AFP

The United States has extended a waiver to Taiwanese semiconductor giant TSMC to supply US chip-making equipment to its factories in China, the island's economic affairs minister said Friday. Semiconductors have become a flashpoint issue between the United States and China, which are locked in a fierce battle over access to chip-making technology and supplies.

Mysterious rise in US Treasury yields perturbs markets
Mysterious rise in US Treasury yields perturbs markets
by  AFP

The surge in US treasury yields has sparked much anxiety among investors, in part because there is no easy explanation for the rise. Perplexing moves by US treasuries in response to economic news "suggest a shift in bond investors' focus from what monetary policymakers may do, to rising alarm about what fiscal policymakers are doing."

Talks to end Hollywood actors' strike collapse
Talks to end Hollywood actors' strike collapse
by  AFP

Talks between Hollywood actors and studios over an ongoing strike have collapsed, in a blow to hopes for a swift end to a crisis that has crippled the entertainment industry. Last month the studios struck a deal with Hollywood writers, ending that union's separate stoppage.

Delta profits jump as international travel stays strong
Delta profits jump as international travel stays strong
by  AFP

Delta Air Lines reported surging quarterly earnings amid persistently strong demand, while acknowledging a drag from strikes in the US auto and entertainment sectors. Also, Hauenstein acknowledged that Delta was probably the most impacted airline due to strikes by actors and US auto workers.