Bombay Durpun - Economy

Featured

Global stocks mostly higher in thin pre-Christmas trade

Global stocks mostly pushed higher on Tuesday in thin Christmas Eve trade as investors waited to see if a so-called Santa Claus rally would sweep the market.

Global stocks mostly rise in thin pre-Christmas trade

Global stocks were mostly higher on Tuesday, boosted by a tech rally on Wall Street, but gains remained modest in thin Christmas Eve trade.

Last news

'Taste of love': Donkey milk cheese meets success in Albania

"Donkey milk has the taste of love," said Fatiko Basha as she caressed her favourite, Liza, before collecting the animal's milk. It also makes what is reputed to be one of the most expensive cheeses in the world.

Fears for the future as drug deaths among young Finns soar

At a popular meeting spot for substance abusers near central Helsinki, even the addicts warn that Finland has a spiralling drug problem, particularly among young people.

Asian markets rise after Wall St record; eyes on China

Equities mostly rose in Asian trade Thursday following another record day on Wall Street fuelled by inflation data that reinforced expectations for a US interest rate cut next week, while traders also remained hopeful for more measures to stimulate China's economy.

'Alarming' US mystery drones confound officials, scare locals

A rash of unexplained drone sightings in the skies above New Jersey has left locals rattled and sent US officials scrambling for answers.

Korean Air buys majority stake in rival Asiana Airlines

South Korea's flag carrier Korean Air said Thursday it had bought a majority stake in rival Asiana Airlines for $1 billion, making it the effective owner four years after first expressing its takeover intentions.

Tokyo to make day care free to boost birth rate

Tokyo plans to make day care free for all preschool children starting in September, the city governor has announced as part of efforts to boost Japan's low birth rate.

Amid weak eurozone and political turmoil, ECB to cut rates again

Faced with a stuttering economy, political turbulence in the eurozone and the prospect of renewed trade tensions with the United States, the European Central Bank is Thursday set to cut interest rates again.

Lithium-rich Bolivia lags behind in race to mine key metal

In a patch of South America rich in lithium, used to make batteries for electric cars and other tech, Bolivia is lagging behind its neighbors in the race to mine the key metal.

Video game bosses gather at 'darkest hour' for industry

The movers and shakers of the video game industry will gather Thursday in Los Angeles to celebrate the annual Game Awards, the sector's equivalent of the Oscars.

Nasdaq surges above 20,000 after US inflation data matches estimates

American and European stock markets mostly rose on Wednesday after inflation data cemented expectations that the US Federal Reserve will trim interest rates next month.

US-China officials to hold economic talks before Trump return

Economic officials in outgoing President Joe Biden's administration are set to meet their Chinese counterparts this week for talks, in a final effort to strengthen ties before Donald Trump's White House return.

Stocks mostly rise as US inflation data boosts rate cut hopes

US and European stock markets mostly rose on Wednesday after inflation data cemented expectations that the Federal Reserve will trim interest rates next month.

EU conservatives seek to stall 2035 combustion engine ban

The largest group in the European Parliament, the conservative EPP, joined calls Wednesday to "reverse" a ban on combustion engine vehicles starting in 2035, citing the struggles of the automotive industry.

Canada central bank makes half point rate cut to 3.25%

Canada's central bank on Wednesday lowered its key lending rate by 50 basis points to 3.25 percent, seeking to aid a slowing economy facing uncertainty following a tariff threat from US President-elect Donald Trump.

Google unveils latest AI model, Gemini 2.0

Google on Wednesday announced the launch of Gemini 2.0, its most advanced artificial intelligence model to date, as the world's tech giants race to take the lead in the fast developing technology.

US consumer inflation rises for second straight month in November

US consumer inflation ticked up for a second consecutive month in November, driven by housing and food prices among other sectors, according to government data published Wednesday, complicating the Federal Reserve's rate cut deliberations.

Stocks struggle for direction before US inflation data

Stock markets struggled for direction Wednesday as traders awaited key US inflation data with the Federal Reserve expected to cut interest rates next week.

Balkan journalists battle deluge of malicious lawsuits

Serbian journalist Radmilo Markovic has gone over every full stop and comma of an article about the powerful mayor of Belgrade that has landed him in court.

Indonesia's new coal phase-out goal sets 'daunting task'

Meeting Indonesia's pledge to phase out coal power in just 15 years and reach net-zero emissions by mid-century is a "daunting task" that will require immediate and ambitious action, experts warn.

Argentina's Milei touts US trade deal, says 'happy times' ahead

Argentine President Javier Milei promised Tuesday that inflation will soon be "little more than a bad memory" and vowed to pursue a free trade deal with the United States next year.

Asian markets mixed ahead of US inflation data, eyes on China

Markets diverged on Wednesday ahead of US inflation data that could play a key role in the Federal Reserve's interest rate decision next week, while traders were also keeping tabs on Beijing hoping for more economic support measures.

Ecuadoran workers accuse 'monster' Japanese company of exploitation

Ex-employees of a Japanese textile company in Ecuador told Tuesday of their dire living and working conditions, after the country's constitutional court ruled the firm kept its staff in a slave-like setting.

Nippon Steel slams 'inappropriate' politics in US deal

Nippon Steel on Wednesday slammed the "inappropriate" role of politics after Bloomberg News reported that President Joe Biden would block its planned takeover of US Steel.

Global stocks mostly fall ahead of ECB, US inflation data

Global stock markets mostly retreated Tuesday as traders eyed looming US inflation data and a key European interest rate call amid global political upheaval.

Biden says Trump economic plan will be 'disaster'

Outgoing US President Joe Biden on Tuesday branded his successor Donald Trump's economic plans a "disaster," in a speech hailing his own legacy.

New York appeals dismissed PepsiCo plastic pollution suit

New York state this week appealed the dismissal of a pollution lawsuit against soda giant PepsiCo, accusing its single-use plastic packaging of posing a scourge on waterways and public health.

US disburses $20 bn Ukraine loan backed by profits from Russian assets

The United States announced Tuesday that it has disbursed a $20 billion loan for Ukraine backed by the interest earned on frozen Russian assets, as part of a $50 billion G7 support package.

World stock markets diverge as rate calls loom

Global stock markets diverged Tuesday as traders eyed looming US inflation data and a key European interest rate call amid global political upheaval.

Airlines chief says jet manufacturers need to deliver

World airlines are "cautiously optimistic" for 2025, the industry body's head told AFP on Tuesday, while slamming the big plane manufacturers for not delivering new aircraft fast enough.

Boeing resumes production at Seattle plants after strike

Boeing has resumed production on the 737 MAX after a nearly three-month stoppage due to a lengthy labor strike in the Seattle region.

World stock markets mixed as rate calls loom, geopolitics weighs

Global stock markets were mixed Tuesday as traders eyed looming US inflation data and a key European interest rate call amid global political upheaval.

US firms up $6.2 bn Micron funding to boost chipmaking

US President Joe Biden's administration finalized nearly $6.2 billion in funding for Micron Technology on Tuesday, firming up a deal to boost domestic semiconductor production before Donald Trump returns to the White House.

Bombay Durpun - Economy (English)