Latest

Tokyo recovers some losses as most Asian markets rise
Tokyo recovers some losses as most Asian markets rise
Business and Economy
by  AFP

Tokyo stocks rose Tuesday, recovering some of the losses suffered in the previous day's rout, as the yen weakened against the dollar, while most other Asian markets started the day on a positive note following another record on Wall Street. All three main indexes on Wall Street rose, with the Dow chalking up another record, and most of Asia followed suit.

Qatar Airways seeking 25% stake in Virgin Australia
Qatar Airways seeking 25% stake in Virgin Australia
Business and Economy
by  AFP

Qatar Airways unveiled a bid to take a 25 percent stake in troubled airline Virgin Australia on Tuesday, a deal that could shake up Australia's Qantas-dominated market. That could significantly shake up Australia's air travel market which is currently dominated by Qantas, a pseudo-flag carrier beset by allegations of price gouging and deliberate overbooking.

US port officials gird for strike as labor talks stay stuck
US port officials gird for strike as labor talks stay stuck
Business and Economy
by  AFP

Officials at 14 ports along the US East and Gulf coasts were making last-minute preparations on Monday for a likely labor strike that could drag on the US economy just ahead of a presidential election. - At Monday's news conference, New York officials emphasized that they have been preparing for a likely US dockworkers strike.

US Fed Chair sees 'further disinflation' in economy
US Fed Chair sees 'further disinflation' in economy
Business and Economy
by  AFP

The United States is set to see inflation cool further towards policymakers' target, Federal Reserve chair Jerome Powell said Monday, with interest rates likely to come down over time, too. Powell's speech comes more than a week after the Federal Reserve slashed interest rates by half a percentage point, marking its first reduction since 2020.