Japan, UK To Hold Regular Economic Security Talks
The move comes ahead of the second White House stint for Donald Trump, who has promised to levy massive tariffs on China and to raise import duties for others.
Crisis-hit Thyssenkrupp Books Another Hefty Annual Loss
Once a symbol of German industrial might, Thyssenkrupp has suffered as high manufacturing costs at home, falling prices for its products and fierce competition from Asian rivals hammered its traditional steel business.
Markets Mixed After Wall St Losses As Traders Weigh US Rates Outlook
Asian markets were mixed Monday following a sell-off on Wall Street as investors scale back their bets on Federal Reserve interest rate cuts owing to worries Donald Trump could reignite inflation.
Trump Taps Big Tech Critic Carr To Lead US Communications Agency
Carr has "fought against the regulatory Lawfare that has stifled Americans' Freedoms" and will "end the regulatory onslaught that has been crippling America's Job Creators and Innovators, and ensure that the FCC delivers for rural America," Trump said in the statement.
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'Megaquake' Warning Hits Japan's Growth
A "megaquake" alert in August and one of the fiercest typhoons in decades resulted in gross domestic product (GDP) expanding just 0.2 percent between July and September from the previous quarter, according to preliminary government data.
Burberry Launches Turnaround Plan As Posts Loss
Burberry on Thursday added that it had halted dividend payments as it looks to save about GBP40 million.
Dating Apps Move To Friend Zone In Search Of Profits
The giants of the industry -- Bumble and Match, which owns Tinder -- have both created apps catering to friendly meetups, joining countless smaller platforms that have already entered the friend zone.
Trump Victory Signals Golden Era For Crypto Industry
After years of ascendancy following bitcoin's emergence, the cryptocurrency industry had fallen into a "crypto winter," plagued by scandals and hostile regulatory oversight.
As Trump Returns, African Exporters Torn Between Hope And Horror
The fruits are among 1,800 products across 32 African countries benefitting from preferential market access under the African Growth and Opportunity Act (AGOA), with companies in South Africa, Kenya, Nigeria and Ghana reaping the most dollars in profits.
Asian Markets Mixed As Traders Weigh Fed; Bitcoin Above $90,000
Bitcoin sat just above the $90,000 level it broke for the first time Wednesday when it hit a record $93,462, with observers expecting it to soon top $100,000 following pro-crypto pledges from the president-elect.
New Push For EU-South America Trade Deal Despite French Fury
The blockbuster trade pact between the 27-country European Union and Mercosur countries -- Brazil, Argentina, Paraguay and Uruguay -- has been 25 years in the making and would create the world's biggest free trade zone.
Stock Markets Diverge As Trump Fears Build
The prospect of higher prices on the back of Trump's planned tax cuts, import tariffs and an easing of regulations gave fresh impetus to the dollar, which has rallied since the Republican's election win last week.
German Lithium Plant Hopes To Turbo-charge Europe's EV Makers
Now an Australian firm says it can help, with a refinery in Germany set to extract the sought-after mineral from briny underground water deep below a town near the French border.
7-Eleven Owner Announces Counter-bid To Foreign Buyout
With around 85,000 outlets, 7-Eleven is the world's biggest convenience chain. If realized, Couche-Tard's seven trillion yen ($45 billion) takeover would be the largest foreign buyout of a Japanese firm.
Boeing Reaches Settlement To Avert Civil Trial In MAX Crash
Three sources close to the case told AFP that a settlement had been agreed upon out of court, but they gave no details.
Italy And Lufthansa Reach Deal On ITA Airways Stake
Both sides had been locked in tough negotiations on the price and terms of the deal, which will need to be cleared by the European Commission, the EU's antitrust regulator, to ensure fair competition.
Nintendo Courts Non-gamers In 'About-turn' Strategy
Once confined to rectangular screens, chirpy plumber Mario and pointy-eared Princess Zelda are popping up in theme parks and toy stores as Nintendo goes all out to win non-gamer fans.
Dutch Court To Rule In Shell Climate Appeal
The ruling at the Hague Appeals Court comes as governments of some 200 countries gather at the COP29 talks in Azerbaijan to discuss the future of the planet including a transition to clean energy.
China Planning To Cut Taxes On Home Buying: Report
Regulators are preparing a proposal that would enable major cities such as Shanghai and Beijing to reduce the deed tax for buyers to as low as one percent from the current level of up to three percent, Bloomberg News said, citing people familiar with the matter.
SAHPRA Warns On Fake Versions Of Type 2 Diabetes Drugs Ozempic, Mounjaro
SAHPRA mentioned an increase in suspected counterfeit Ozempic, also known as semaglutide, which is one of the GLP-1 products registered by Novo Nordisk. In South Africa, Ozempic is available in two forms: a 0.25 mg and 0.5 mg/dose pen, and a 1 mg/dose pen.
China Says To Impose Anti-dumping Measures On EU Brandy
China announced provisional tariffs on EU brandy imports last month, saying the alleged "dumping" threatened "substantial damage" to the domestic industry.
China's 'Singles Day' Shopping Spree In Spotlight As Spending Flags
"Singles Day" -- launched by tech giant Alibaba in 2009 -- has ballooned into an annual blockbuster period for retail, with days of discounts luring customers to the country's online shopping platforms.
Sony Quarterly Net Profit Jumps But Forecast Unchanged
The yen's weakness against the dollar and euro had a positive impact on takings in those key sectors, the Japanese conglomerate said.
US Fed Chair Says Will Not Leave Early If Asked By Trump
Speaking at a press conference after unveiling a quarter point interest rate cut, Powell -- whose term as Fed chair ends in 2026 -- added that firing any of the Fed's seven governors was also "not permitted under the law."
Facing Trump's Return, EU Confronts Economic Challenges
Confronted with the return of Donald Trump, EU leaders on Friday are set to commit to deeply reform Europe's economy and tackle challenges highlighted by a blockbuster report.
China Poised To Approve More Help For Ailing Economy
Economists predict Beijing will approve hundreds of billions of dollars of help, with a focus on indebted local governments as well as cash for banks aimed at writing off non-performing loans.
Ottawa To Shut TikTok's Canada Offices, Says App Can Still Be Used
Ottawa is not imposing restrictions on Canadian users of TikTok, which has come under scrutiny for its ownership under China-based ByteDance.
Trump Has Vowed Sweeping Tariffs: What Comes Next?
Trump has promised at least a 10 percent tariff on all imports, and a higher level of 60 percent or more on Chinese goods -- stepping up levies on Beijing and others.
US Fed Rate Cut Plans Likely Unchanged By Trump Victory
The US central bank sits just a short walk from the White House, where Democratic President Joe Biden will soon hand back the keys to Donald Trump following the Republican's election win.
China Export Growth Beats Expectations With October Surge
The reading also came after Beijing began unveiling a raft of measures aimed at kickstarting growth with an emphasis on the troubled property sector, boosting hopes that years of post-Covid malaise may be nearing an end.
Nissan Announces 9,000 Job Cuts, Slashes Sales Forecast
Nissan and its domestic rivals are also struggling to stand their ground in China, as fast-growing electric vehicle firms backed by Beijing race ahead.
Obesity Drug Maker Novo Nordisk Posts Strong Profit
Danish pharmaceutical giant Novo Nordisk, maker of the blockbuster diabetes and weight-loss drugs Ozempic and Wegovy, posted Wednesday strong third-quarter earnings despite being held back by production constraints.
PlayStation 5 Pro Goes On Sale, Will Gamers Pay Hefty Price To Play?
The upgraded version of Sony's flagship gaming console is retailing for $699.99 in the United States -- $250 more than the previous PlayStation 5 model.
South Korea Fines Meta For Illegal Collection Of User Data
The firm, which also owns Instagram, violated South Korean laws prohibiting the use of information on political opinions, religious beliefs and people's sex life unless the individual provides explicit consent, Seoul's Personal Information Protection Commission said.
