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The 2026 Fifa World Cup was supposed to be a record-breaking economic windfall for the United States. But as the tournament gets under way, the numbers reveal a more complicated story.
The offering is expected to be popular with central banks and sovereign funds seeking to diversify away from US dollar assets
The offering is expected to be popular with central banks and sovereign funds seeking to diversify away from US dollar assets
Hong Kong authorities have charged two companies and seven people over the devastating fire at the Wang Fuk housing complex last November.
Top U.S. chip tool maker Applied Materials is expanding sharply in Singapore to meet global AI-driven demand. (Source photos by Cheng Ting-Fang and Applied Materials)
MANILA, Philippines — President Ferdinand Marcos Jr. on Wednesday announced that the local government of General Santos City would receive P100 million in financial assistance for the repair of its city hall damaged by the magnitude 7.8 earthquake that struck Mindanao earlier this week.
SEOUL, June 10 (Yonhap) -- South Korea's customs agency has detected a combined 415.4 billion won (US$272 million) worth of illegal foreign exchange trading this year through May, the finance ministry said Wednesday, amid government-wide efforts to curb market volatility.
The European Central Bank is expected to hike interest rates on Thursday, as policymakers address the threat of second-round inflation effects amid elevated energy prices.
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For the last couple of years, all things in the critical minerals and gold sectors have dominated the ASX greatest hits list, particularly in a post-Donald Trump trade-war world.
A cargo vessel reported being approached by a small craft carrying six armed people about 88 nautical miles southwest of Yemen's Balhaf on Wednesday, the United Kingdom Maritime Trade Operations said.
China is already the world’s dominant builder of bulk carriers and container ships. Now, it is also capturing a rising share of hi-tech gas carrier orders
China is already the world’s dominant builder of bulk carriers and container ships. Now, it is also capturing a rising share of hi-tech gas carrier orders
A cargo vessel reported being approached by a small craft carrying six armed people around 88 nautical miles from Yemen's industrial port town of Balhaf on Wednesday, the United Kingdom Maritime Trade Operations (UKMTO) said.
From tariff turmoil and stock shocks to market meltdowns, the global financial system has never been in such flux.
Retail giant Kmart is setting up its first physical showroom for furniture and homewares as it seeks a bigger slice of a $35 billion market, with Rob Scott, the chief executive of its parent company Wesfarmers, saying bricks-and-mortar outlets remain critical despite growth in online commerce.
Dubai’s AHS Properties has acquired Shangri-La hotel on Sheikh Zayed Road in a deal valued at Dh1.1 billion ($272 million), and also plans to launch a Dh25 billion project this year, its chief executive has said.
Brokerage says manufacturing scale, low costs drive China's robot push
Taiwanese tech giant Foxconn plans to invest in 1 gigawatt of solar and wind power in Vietnam. (Nikkei montage/Source photos by AP and Shintaro Ino)
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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…
SEOUL, June 10 (Yonhap) -- The chief of the country's financial regulator said Wednesday that his agency is accelerating moves to ease rules on so-called network separation in order to help financial companies better respond to rising security threats in the artificial intelligence (AI) age.
Private credit lender Blue Owl Capital is opening an office in Abu Dhabi’s ADGM, the latest wall street firm to join the rapidly growing list of global asset managers calling the emirate’s financial hub home despite war-driven uncertainties.
SK Telecom said Wednesday it would team up with Japan’s NTT and Taiwan's Chunghwa Telecom to launch a $500 million artificial intelligence investment fund focused on startups in data centers, semiconductors, cloud infrastructure and AI services.
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Una operadora de divisas habla por teléfono junto a una pantalla que muestra el Korea Composite Stock Price Index (KOSPI) y la tasa de cambio entre el dólar estadounidense y el won surcoreano, en la sala de operaciones del Hana Bank en Seul, Corea del Sur, el miércoles 10 de junio de 2026. (AP Foto/Ahn Young-joon)
SEOUL, June 10 (Yonhap) -- The government's 13.5 trillion won (US$8.9 billion) in cash handouts is estimated to have created an additional 2.8 trillion won in sales and contributed 0.12 percent to the country's economic growth last year, a central bank report showed Wednesday.
Wed 10 Jun 2026 at 3:23pm
Group earmarks W5tr for debt relief, financing support for vulnerable borrowers, small businesses
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…
Founded in 1899, Brookfield invests in infrastructure, including renewable energy, utilities, toll roads, ports and data centers. (Nikkei montage/Source photos by Brookfield)
BRUSSELS, June 10 (Yonhap) -- South Korean President Lee Jae Myung was set to hold summit talks Wednesday with the prime minsiter of Belgium and leaders of the European Union (EU), with enhancing trade with the region likely to be the main topic.
ZAMBALES, Philippines – The Department of Environment and Natural Resources (DENR) has partnered with the provincial government of Zambales to delineate foreshore lands and profile occupants in accretion areas, boosting public safety, environmental protection and economic development.
A currency trader talks on the phone near a screen showing the Korea Composite Stock Price Index (KOSPI) and the foreign exchange rate between U.S. dollar and South Korean won at the foreign exchange dealing room of the Hana Bank headquarters in Seoul, South Korea, Wednesday, June 10, 2026. (AP Photo/Ahn Young-joon)
Menopause is a billion-dollar industry in 2026, rising to fill a historically invisible area of women’s health. Companies like Clue, Oura and Metluma have all launched products dedicated to the life transition.
Manenji Chikwekwete, a low-cost coffin maker, at his workplace in Harare, Zimbabwe, March 13, 2026.(AP Photo/Aaron Ufumeli)
SEOUL, June 10 (Yonhap) -- South Korea's bourse operator on Wednesday activated a sell-side sidecar for the benchmark Korea Composite Stock Price Index (KOSPI) as the index slid sharply.
The ruling Democratic Party and the government on Wednesday vowed measures to curb inflationary pressure and stabilize the foreign exchange market as the country continues to be buffeted by the war in the Middle East.
Viking Mines has kicked another goal at its Linka tungsten project in Nevada, USA, delivering an impressive 76 per cent recovery to produce a high-value 56.9 per cent tungsten oxide concentrate in its latest round of metallurgical testwork.
Hong Kong carrier Cathay Pacific's controlling shareholder, Swire, is using the airline to raise funds. (Photo by Yuki Kohara)
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China's Tencent has vowed to step up investment in AI and other businesses as its battle with ByteDance and Alibaba heats up. © Reuters
Seven Network staff are bracing for mass job cuts, with up to 200 roles expected to be axed this week.
As the daytime high temperature soars into the 80s, a United States Postal Service postman keeps cool by standing in the shade of a gasoline station sign posting the per-gallon prices for the various grades of fuel available Thursday, June 4, 2026, in central Denver. (AP Photo/David Zalubowski)
Moonlight Resources has tabled another swag of broad, near-surface gold hits from drilling at its Clermont project in Queensland, with the latest results successfully extending the company’s Leo Grande Central prospect towards its Leo Grande South target area.
Readers discuss the critical role of superconnectors in a fragmented global economy, China’s ability to thrive in the face of adversity, and US sanctions on Cuba
Readers discuss the critical role of superconnectors in a fragmented global economy, China’s ability to thrive in the face of adversity, and US sanctions on Cuba
Malaysian Prime Minister Anwar Ibrahim delivers a speech during Nikkei's Future of Asia forum in Tokyo on June 10. (Photo by Sae Kamae)