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IMF, World Bank are key counterweights to China: Yellen
US Treasury Secretary Janet Yellen said Tuesday that international financial institutions like the IMF and World Bank "reflect American values" and serve as key counterweights to "unsustainable lending from others like China."
UK news group apologises to staff for sexual harassment: report
UK publisher Guardian News & Media has apologised to women who said a veteran ex-columnist at The Observer newspaper had sexually assaulted or harassed them, US media reported.
Fed starts interest rate meeting as inflation continues to cool
The US Federal Reserve on Tuesday kicked off a two-day meeting to set its benchmark lending rate, with fresh signs of cooling inflation increasing the chance it will pause its aggressive cycle of rate hikes. The Fed has raised its benchmark lending rate by five percentage points to between 5.00 and 5.25 percent since March last year.
US consumer inflation eases for 11th straight month
Consumer inflation in the United States cooled for an 11th straight month on an annual basis in May, the Labor Department said Tuesday, in an encouraging sign for policymakers. On a monthly basis, CPI rose 0.1 percent in May, decelerating from 0.4 percent in April, the Labor Department said.
France to 're-shore' production of 50 key medicines: Macron
France will bring home production of around 50 crucial medications for which it currently depends on imports, President Emmanuel Macron said Tuesday, hoping to battle shortages of items like antibiotics and paracetamol.
'Final Beatles record' out this year aided by AI: McCartney
A "final Beatles record", created with the help of artificial intelligence, will be released later this year, Paul McCartney told the BBC in an interview broadcast on Tuesday. McCartney did not name the song that has been recorded but according to the BBC it is likely to be a 1978 Lennon composition called "Now And Then".
Ex-Samsung exec charged with stealing chip tech for China factory
South Korea has charged a former Samsung executive accused of stealing company secrets worth hundreds of millions of dollars to set up a copycat chip factory in China, prosecutors told AFP on Tuesday. The Suwon district prosecutor's office said he unsuccessfully tried to set up a copycat production facility in the Chinese city of Xian -- where Samsung already has a chip factory.
Ubisoft teases VR version of hit game 'Assassin's Creed'
French videogame powerhouse Ubisoft on Monday announced that a virtual reality version of its blockbuster "Assassin's Creed" franchise will be available by year's end.
Asian markets struggle to match Wall St as inflation data looms
Markets were mixed in Asia on Tuesday, with investors awaiting the release of key US inflation data later in the day that could play a big role in the Federal Reserve's keenly anticipated interest rate decision.
AFP
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