Latest

Starbucks workers to start US strike on Friday: union
Starbucks workers to start US strike on Friday: union
Economy
by  AFP

Workers at Starbucks will walk off the job Friday in three US cities in a strike their union threatened could spread around the country in the busy run-up to Christmas. The union said Starbucks had not engaged fruitfully for several months, and threatened it was ready to "show the company the consequences."

Asian markets mixed as traders digest Fed's hawkish pivot
Asian markets mixed as traders digest Fed's hawkish pivot
Economy
by  AFP

Equities fluctuated Friday and the dollar maintained its gains against its peers as investors assessed the fallout from the Federal Reserve's outlook for interest rate cuts and possible impact of Donald Trump's presidency on the economy. The legislation would have kept the government open through March and suspended the borrowing limit for president-elect Donald Trump's first two years in office.

US Fed's caution on rate cuts could cause friction with Trump
US Fed's caution on rate cuts could cause friction with Trump
Economy
by  AFP

Donald Trump's imminent return to the White House and uncertainty about his policy proposals has begun weighing on the US Federal Reserve, raising concerns of a reckoning between the central bank and the president-elect. In Trump's orbit, there is also strong disagreement that some of the proposed policies are actually inflationary.

Japanese inflation jumps to 2.7% in November
Japanese inflation jumps to 2.7% in November
Economy
by  AFP

Japanese inflation accelerated in November, with prices rising 2.7 percent on-year partly due to higher energy costs, government data showed Friday. "Core core CPI", which excludes both fresh food and energy prices, stood at 2.4 percent.