New Fed Chairman Kevin Warsh won’t immediately get what he wants
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Newest first · UTC+11:00Elon Musk’s SpaceX IPO draws $70B in orders from retail investors, leaving many on sidelines: report
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· Thomas Barrabi
Trump’s ‘I love the inflation’ remark sparks backlash
WASHINGTON, D.C. — United States President Donald Trump on Wednesday brushed off concerns about consumer inflation surging to a fresh three-year high in May, on the back of soaring energy prices caused by his war on Iran.
· Agence France-Presse
Abu Dhabi's Masdar finalises deal to acquire Repsol stake for $978m | The National
Abu Dhabi clean energy company Masdar has finalised a deal to acquire nearly half of Spain's Repsol, further scaling the former's green energy portfolio on the global level.
· Alvin R Cabral
SpaceX IPO marks the end of the no-brainer benchmark index trade
"Expert, reliable, considered, actionable opinion"
· Jennifer Hughes
Everything is bigger in Texas — including its economy, as residents get richer, population booms
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· Fox News
B1G2, Canon PH to expand access to ESET’s cybersecurity solutions
B1G2 Technologies, the exclusive distributor of ESET products in the Philippines, is pleased to announce a strategic partnership with Canon Marketing Philippines. This collaboration enables Canon Philippines to enhance its business solutions portfolio with award-winning cybersecurity solutions from ESET, the largest…
· The Manila Times
$20 million worth of fake World Cup jerseys seized ahead of tournament
Hong Kong customs officials have intercepted 230,000 suspected counterfeit products worth nearly $20 million, including thousands of fake football jerseys destined for World Cup fans. Authorities say demand for tournament merchandise is fuelling a booming global counterfeit trade.
· AfricaNews
Mortgage rates climb again, nearing a yearly high as Iran war keeps borrowing costs elevated
A “For Sale” sign is seen on Tuesday, Jan. 6, 2026, in Portland, Ore. (AP Photo/Jenny Kane, File)
· Alex Veiga
Facing independence in a brave new world
AS one of the earliest bastions of democracy in Asia, the Philippines remains both a model and a cautionary tale in its pursuit of freedom in the face of external pressures. In an increasingly globalized world marked by persistent local challenges, the country is not immune to emerging geopolitical and economic forc…
· Angelo Del Prado
Global minimum tax eyed to protect tax base
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· Niña Myka Pauline Arceo
SEC: Binance partner’s systems still being tested
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· Nazylen Joy Mabanglo
Cautious spending seen benefiting sari-sari stores
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· Niña Myka Pauline Arceo
Middle East war a threat to PH development gains
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· Niña Myka Pauline Arceo
Israel's reputation problem runs deeper than PR - opinion
Iran fired a barrage of ballistic missiles into Israel on Sunday, and US President Donald Trump publicly ordered the prime minister of Israel “not to retaliate.” Trump also told the Financial Times that Benjamin Netanyahu “won’t have any choice” because the American president calls “all the shots.”
· DOUGLAS BLOOMFIELD
Will European investment into Palestinian economy undermine Israel’s efforts to end pay-for-slay?
A recent European financial investment in the West Bank may threaten Israeli efforts to see the Palestinian Authority abandon its pay-for-slay policy, even if the money has bypassed the PA, an expert told The Jerusalem Post on Thursday.
· DANIELLE GREYMAN-KENNARD
Gold slumps to 6-month low even as inflation fears rise. Here's why bullion is out of favor
Gold bounced higher Thursday from a six-month low as some traders covered short positions following the precious metal's recent, sharp sell-off. But growing concern that inflation is pushing higher, possibly forcing the Federal Reserve into raising rates later this year are likely to limit any full-scale recovery.
· Deena Zaidi
Wholesale inflation in May hit highest level since November 2022 on soaring energy costs
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· Taylor Herzlich
Opec cuts oil demand outlook for this year again as Iran war disrupts markets | The National
Opec has lowered its oil demand outlook for this year for the second consecutive time, while remaining confident of a “resilient” global economy amid the disruption caused by the US-Iran war.
· Alvin R Cabral
Can African small businesses benefit from China's zero-tariff policy? {Business Africa}
China's decision to grant zero-tariff access to exports from 53 African countries has been welcomed as a landmark step in strengthening Africa-China economic ties. The policy promises to improve market access for African goods and potentially boost exports, investment, and industrial development across the continent.
· AfricaNews
SpaceX stock fund in Japan halts new inflows after investors pile in
Elon Musk's rocket and AI company is set to begin trading June 12 on the Nasdaq market. © AP
· Staff Writer
Pauline Hanson is becoming a problem for Labor – but her focus on battlers could be her kryptonite
Labor talking points this week concede Australians are frustrated with an economy that ‘isn’t working for them’. The goal will be to convince voters One Nation isn’t either
· Dan Jervis Bardy, Tom Mcilroy
Forget Tarik Skubal, Dodgers have to trade for bullpen help
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· Dylan Hernandez
What naphtha shortage? China extends petrochemicals lead during Iran war
Japanese companies primarily produce chemicals using naphtha, at large complexes like these that line Tokyo Bay in Chiba prefecture. (Photo by Tomoki Mera)
· Staff Writer
AI wealth boom sending San Francisco home prices surging: ‘It’s ridiculous’
Employees at artificial intelligence companies are coming into gargantuan sums of money amid boom in IPOs
· Uwa Ede Osifo
China’s space start-ups eye IPO boom as SpaceX heads for record listing
China’s emerging aerospace firms are lining up to list as SpaceX’s blockbuster flotation shines a spotlight on the sector
· Themis Qi
China’s space start-ups eye IPO boom as SpaceX heads for record listing
China’s emerging aerospace firms are lining up to list as SpaceX’s blockbuster flotation shines a spotlight on the sector
· Themis Qi
From gasoline to groceries, prices surge across America
US inflation accelerated to a three-year high in May as soaring energy costs linked to the US-Israeli war on Iran pushed prices higher across the economy, according to government data. Food prices also rose sharply.
· RT
From gasoline to groceries, prices surge across America
US inflation accelerated to a three-year high in May as soaring energy costs linked to the US-Israeli war on Iran pushed prices higher across the economy, according to government data. Food prices also rose sharply.
· RT
Look inside Santa Monica TMNT Pizzeria paying tribute to mutant crime-fighting turtles
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· Brian Gallagher
AI is going to determine who rules the world | The National
In just three years, Nvidia’s market value has surged from less than $300 billion to more than $5 trillion, creating more wealth than the entire annual economic output of Germany. OpenAI, founded barely a decade ago, is now privately valued at about $850 billion.
· Yasar Jarrar
Global growth is slowing to lowest level since pandemic, says World Bank
Forecast for this year downgraded to 2.5% and inflation expected to jump as a result of war in the Middle East
· Heatherstewart
World Bank cuts global growth forecast to 2.5% as Iran war lifts energy prices
A woman walks past the World Bank building in Washington on April 5, 2021. (AP Photo/Andrew Harnik, File)PRNTO
· Paul Wiseman
China’s BYD claims Germany’s plug-in hybrid crown, disrupting market of iconic auto giants
A three-fold jump in BYD’s German registrations highlights shift towards lower-tariff models, as company chairman says ‘the worst is over’
· Huizhao Huang
China’s BYD claims Germany’s plug-in hybrid crown, disrupting market of iconic auto giants
A three-fold jump in BYD’s German registrations highlights shift towards lower-tariff models, as company chairman says ‘the worst is over’
· Huizhao Huang
Iran war fuels slowest global growth since Covid, World Bank warns | The National
The global economy is this year set to expand at its lowest rate since the Covid-19 pandemic, with nearly zero growth forecast for Gulf nations as a result of the Iran war, the latest World Bank report has found.
· Fareed Rahman
Lee, Mattarella agree to deepen cooperation under new special strategic partnership
Since 2017, I have covered South Korea’s political and economic landscape as a reporter, with a focus on foreign affairs, inter-Korean relations and security.As a foreign affairs reporter, I closely follow developments from the Ministry of Unification, the Foreign Ministry and the Defense Ministry, tracking shifts i…
· Jung Min-kyung
Citic Securities breaks Fitch’s rating ceiling with first ‘A’ category for Chinese brokerage
Award of an A-minus rating seen as a milestone in China’s efforts to build globally competitive investment banks
· Karen Tian
Citic Securities breaks Fitch’s rating ceiling with first ‘A’ category for Chinese brokerage
Award of an A-minus rating seen as a milestone in China’s efforts to build globally competitive investment banks
· Karen Tian
How rising US inflation data is piling pressure on Donald Trump
James Politi in Washington
· James Politi
Zelle makes a leap abroad with an India launch and a new stablecoin, ZelleUSD
Options to use the Zelle payments network are seen on a mobile banking app in New York, Dec. 20, 2024. (AP Photo/Patrick Sison, File)
· The Associated Press
Iran threatens Elon Musk's companies in Middle East: Iranian state media
Iran will consider all of Elon Musk's companies in the Middle East as military targets as it retaliates against the U.S., Iranian state media outlet Fars reported Thursday.
· Kevin Breuninger
Hong Kong, Indonesia move towards direct transactions in yuan, rupiah
Agreement between People’s Bank of China, HKMA and Bank Indonesia aims to enhance efficiency and encourage use of the currencies
· Zhu Wenqian
Hong Kong, Indonesia move towards direct transactions in yuan, rupiah
Agreement between People’s Bank of China, HKMA and Bank Indonesia aims to enhance efficiency and encourage use of the currencies
· Zhu Wenqian
US producer prices rose 6.5% in May on higher energy prices, largest yearly jump since November 2022
People shop in the produce section of a grocery store on Monday, May 11, 2026, in Portland, Ore. (AP Photo/Jenny Kane)
· Paul Wiseman
Carbon dioxide removal slow to take off, alarming scientists
Milan – Carbon dioxide removal experts have sounded the alarm in Milan this week over a shortfall in research and investment in the nascent sector, viewed as essential for mitigating climate change.
· No Author
South Korea's stock market rout isn't a vote against the country, market exchange chief says
The selloff in South Korean stocks is not because foreign investors have lost confidence in the country, its stock market chief told CNBC.
· Lim Hui Jie
ECB Hikes Rates For First Time Since 2023 (As Expected); Cuts Growth, Hikes Inflation Outlook
As fully expected, The ECB hiked its key rate by 25bps (for the first time since 2023) as the policymakers battle with the dilemma of economic weakness combined with rising inflation.
· Tyler Durden
Workers at one of Australia’s most crucial ports are going on strike
Union members at one of Australia’s busiest and most profitable ports have voted to go on strike, after weeks of ongoing fears about potential industrial action and its impact on the country’s economy.
· Hannah Murphy