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Asian markets fluctuate with nervous eye on US jobs data
Asian traders shifted cautiously Thursday ahead of key US jobs data at the end of the week, after Federal Reserve boss Jerome Powell warned it could ramp up its pace of interest rate hikes if the economy shows no sign of slowing.
Medical tourism in spotlight after Mexico kidnapping
As reports swirl around the recent kidnapping in Mexico of four Americans, two of whom were killed, one detail has drawn particular attention -- they had crossed the border for a medical procedure. A 2020 study that surveyed more than 400 people crossing the US–Mexico border found 92 percent cited cost as a key factor in choosing medical tourism.
A year after the Ukraine invasion, oil market much changed
A year after Russia's invasion of Ukraine, the oil market has become more fragmented and uncertain, a dynamic expected to boost crude prices over the long term. The oil market "is radically different in some ways than it was before the invasion of Ukraine," said Jim Burkhard, head of research for oil markets, energy and mobility at S&P Global Commodity Insights.
US to be 'global leader' in energy transition: Energy Secretary
Pointing to key Biden administration policies to mitigate climate change, Energy Secretary Jennifer Granholm promised Wednesday that the United States would lead global energy transition. "The United States will be the global leader of this transition," she added.
EU court halts sanctions against Wagner chief's mother
A European court on Wednesday cancelled EU sanctions imposed on the mother of Russian paramilitary leader Yevgeny Prigozhin, in an embarrassing setback for Brussels' punitive response to Moscow's invasion of Ukraine.
Panama, Canadian group agree to reopen major copper mine
Panama and Canadian giant First Quantum Minerals announced on Wednesday a deal to reopen a major copper mine whose operations had been suspended for three months over a tax dispute. First Quantum, one of the largest copper miners in the world, began commercial copper production at the site in Donoso in 2019, through a company called Minera Panama.
Canada central bank pauses rate hikes, holds at 4.5%
The Bank of Canada on Wednesday became the first major central bank to pause its aggressive monetary policy in recent months, holding its key lending rate at 4.5 percent as inflation eased, after eight consecutive rate increases.
France workers keep up the pressure after mass pensions protests
French unions on Wednesday pressed a standoff with the government over a deeply unpopular pensions overhaul, with fuel deliveries, trains and flights disrupted for a second day following mass rallies. - 'Extra pressure' - Eric Sellini, national coordinator of the CGT union federation at energy giant TotalEnergies, said workers at most fuel shipping sites were again on strike on Wednesday morning.
TikTok seeks to calm Europe's fears over data privacy
TikTok launched a new effort to assuage European leaders' worries over data security on Wednesday, as Western governments consider further bans on the video-sharing app. Their initiative came as the Czech cyber watchdog issued its own warning, describing the Chinese-owned video-sharing app a security threat.
AFP
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