Economy

Economy Latest News

Waymo leads autonomous taxi race in the US
Waymo leads autonomous taxi race in the US
by  AFP

Waymo's autonomous vehicles have become part of the everyday landscape in a growing number of US cities, serving as safe transport options, tourist attractions, and symbols of a not-so-distant future. But for tourists and business travelers, their first Waymo ride often becomes the most memorable part of a trip to the Golden Gate city.

Brewer Heineken unveils $2.75 bn investment in Mexico
Brewer Heineken unveils $2.75 bn investment in Mexico
by  AFP

Dutch brewing giant Heineken announced Wednesday a $2.75 billion investment in Mexico -- the latest vote of confidence in Latin America's second-largest economy despite US President Donald Trump's trade war. In April, rival brewer Grupo Modelo, which makes Corona beer, announced an investment of more than $3.6 billion in Mexico to modernize its plants.

Steel startup aims to keep Sweden's green industry dream alive
Steel startup aims to keep Sweden's green industry dream alive
by  AFP

The spectacular fall of battery maker Northvolt led to fears over several Swedish green industry projects, but startup steelmaker Stegra believes it can confound the doubters. Behind Stegra is investment firm Vargas Holding, which was also a co-founder of battery maker Northvolt.

Trump touts 'done' deal with Beijing on rare earths, Chinese students
Trump touts 'done' deal with Beijing on rare earths, Chinese students
by  AFP

US President Donald Trump touted ties with China as "excellent" on Wednesday, saying the superpowers reached a deal after two days of talks aimed at preserving a truce in their damaging trade war. "Our deal with China is done," Trump wrote, adding that the agreement was still "subject to final approval with President Xi (Jinping) and me."

US inflation edges up as Trump tariffs flow through economy
US inflation edges up as Trump tariffs flow through economy
by  AFP

US consumer inflation ticked up in May, in line with analyst expectations, government data showed Wednesday as President Donald Trump's sweeping tariffs began to ripple through the world's biggest economy. Despite the wide-ranging duties, analysts said it will take months to gauge the impact on consumer inflation.

Russians struggle with 'crazy' prices
Russians struggle with 'crazy' prices
by  AFP

Russian pensioner Roman Paltievich stared at the prices for apricots, tomatoes and watermelons stacked high on stalls at a Moscow market -- foods that he now struggles to fit into his budget. - Filling up the fridge - Many of those navigating the aisles at Moscow's Preobrazhensky market were also worried about high prices.