Business and Economy

Business and Economy Latest News

Markets take fresh hit on rate hike worries
Markets take fresh hit on rate hike worries
by  AFP

Asian equities fell again Monday on growing expectations that US interest rates will go much higher and for longer than previously thought. Fears that rates will go even higher -- with some even predicting six percent from the current 4.50-4.75 percent -- are fanning concerns the Fed will tip the economy into recession.

Latvian winner causes a stir at world sommelier championships
Latvian winner causes a stir at world sommelier championships
by  AFP

A competitor from non-wine producing Latvia has caused a stir at this year's Best Sommelier in the World contest, trouncing the entrant from France and claiming the top prize with his dizzying "thirst for knowledge". The new countries that discover wine have such a thirst to learn and share -- they have this incredible enthusiasm and they go very fast," she told AFP after the semi-final.

Energy

Money

Industry

Technology

Economy