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The government plans to introduce emergency tariff-rate quota programs and release government stockpiles as part of its all-out efforts to address growing concerns over consumer price hikes stemming from the Middle East crisis, the finance ministry said Thursday.
Hello, this is Dylan Butts writing to you from Singapore. Welcome to another edition of CNBC's Daily Open.
SEJONG, May 14 (Yonhap) -- The government plans to introduce emergency tariff-rate quota programs and release government stockpiles as part of its all-out efforts to address growing concerns over consumer price hikes stemming from the Middle East crisis, the finance ministry said Thursday.
In April 1986, Mario Maccarone, now 64, and Mario De Pasquale, 72, opened a cafe in Melbourne that became a Fitzroy landmark. Now retired, the elder Mario is still a frequent visitor.
Allegiant Air said Wednesday it has completed its purchase of Sun Country Airlines, finalizing a deal that combines two low-cost carriers at a turbulent time for the budget airline industry following the recent shutdown of rival Spirit Airlines.
South Korean stocks opened at a new high Thursday, attempting to reach another historic milestone of 8,000, as large-cap shares took a cue from an overnight rally on Wall Street, boosted by major tech companies.
Ahead of the crucial talks, security has been heightened in Beijing, with the US president set to meet Xi at the Great Hall of the People
SEOUL, May 14 (Yonhap) -- South Korean stocks opened at a new high Thursday, attempting to reach another historic milestone of 8,000, as large-cap shares took a cue from an overnight rally on Wall Street, boosted by major tech companies.
India's government hopes that language skills and keen IT knowledge will help children from the country become future leaders in the world of artificial intelligence. (Photo by Koji Uema)
President Donald Trump talks during an arrival ceremony Wednesday, May 13, 2026, at Beijing Capital International Airport in Beijing, with Eric Trump, right. (AP Photo/Mark Schiefelbein)
California’s sky-high prices are forcing some into desperate measures — including living in parking lots, Buddhist communes and relying on gym memberships just to shower.
US President Donald Trump heads into a series of meetings with China's Xi Jinping in Beijing on Thursday, aiming to secure economic wins, maintain a fragile trade truce and navigate thorny issues such as the Iran war and arms sales to Taiwan.
Asia-Pacific markets were set to open higher Thursday as investors look to a high-stakes meeting between U.S. President Donald Trump and his Chinese counterpart Xi Jinping for clues on the future of U.S.-China ties and global trade.
Japan easing decades-old restrictions on arms exports opens a big opportunity for the country's defense industry in a world increasingly hungry for weapons.
WASHINGTON, May 14 (Yonhap) -- U.S. President Donald Trump and Chinese President Xi Jinping were set to hold summit talks in Beijing on Thursday, with trade, the U.S.-Israeli war on Iran, Taiwan and technological competition expected to top the agenda.
Founded in 2016, CXMT is widely regarded as China’s only domestic DRAM maker to have achieved mass production
Founded in 2016, CXMT is widely regarded as China’s only domestic DRAM maker to have achieved mass production
Watch Federal Court Justice Michael O’Bryan deliver his decision live here.
Stronger demand has reduced grade-A vacancy rates in Central to a four-year low of 9.6 per cent
Stronger demand has reduced grade-A vacancy rates in Central to a four-year low of 9.6 per cent
A federal judge on Wednesday cast doubt on the motives behind the Securities and Exchange Commission’s $1.5 million settlement over Elon Musk’s purchase of Twitter, suggesting the deal may have been inked with the sole purpose of avoiding penalizing him personally.
How Trump Changed the Way He Talks About China2:23
New York City has let outdoor dining — a lifeline to restaurants during the pandemic and since — stagnate, issuing less than a fifth as many permits this spring as it did during the height of the program.
People visit the Overlook Walk connecting Pike Place Market and the Seattle waterfront on Elliott Bay, Saturday, April 25, 2026, in Seattle. (AP Photo/Lindsey Wasson)
Former New York City Judge Edward Harold King leaves Brooklyn federal court, Wednesday, May 13, 2026, in New York, after making an initial appearance on a charge of wire fraud conspiracy in connection with an alleged real estate investment scam. (AP Photo/Michael R. Sisak)
The CGT discount not only increased the benefit to non-wage earners, it did so in a way that incentivised investing in rental properties rather than shares
One of Ventura’s longest-running businesses is preparing to shut its doors for good after being tied to the local community for more than 100 years.
Oakland residents will have one less place to buy khakis and hoodies this summer, with a major retailer pulling up stakes in the Bay Area metropolis.
Calbee plans to cut ink usage by changing its packaging designs to black and white. (Photo by Hazuru Urushiyama)
Large Japanese companies continue to tap growth potential overseas, but foreign businesses also have their eye on firms in Japan. (Photo by Tomoki Mera)
Japan is looking to bolster domestic production of such non-cutting-edge semiconductors as analog devices and microcontrollers. (Photo by Ryosuke Eguchi)
Topic:Business, Economics and Finance
'Citizen dividend'Top presidential aide's proposal raises fears of anti-market thinking
Iran’s absent Supreme Leader is begging employers to “avoid layoffs” as the nation’s economic woes continue to face pressure from the US blockade in rare public remarks — admitting that the nation is facing punishing economic conditions.
SAN FRANCISCO / NEW YORK — Microsoft is shopping for artificial-intelligence startups as the software company prepares for a future independent of its once-vital partner OpenAI, five people familiar with the matter said.
The Australian market is expected to open slightly down as markets continue to make sense of the federal budget, while results from GrainCorp and Xero are out today.
Angus Taylor to give budget reply speech tonight. Follow today’s news live
General Motors quietly laid off about 500 to 600 employees this week in a sweeping global shakeup that reportedly blindsided workers with unsettling emails, abrupt virtual meetings and growing fears that artificial intelligence is reshaping the automaker’s workforce.
Shinoken looks to operate low-rise buildings with 20 to 100 studio units, catering to single professionals. (Shinoken Group)
Indonesia generates 140,000 metric tons of waste per day. © ANTARA
Kevin Warsh is sworn in during his nomination hearing to be a member and chairman of the Federal Reserve Board of Governors before the Senate Banking, Housing and Urban Affairs Committee on Capitol Hill, in Washington Tuesday, April 21, 2026. (AP Photo/Jose Luis Magana)
Costco’s famously chaotic gas lines could soon get a whole lot shorter… at one giant location.
Dai-ichi Life's Kazuyuki Shigemoto said yield curves will flatten if the Bank of Japan hikes interest rates twice this year. (Photo by Shinichi Arakawa)
Homes in Austin are lingering on the market for the same number of days it took China to complete the world’s widest underwater roadway: 110.
A rebound for technology stocks led Wall Street to records, even though the majority of U.S. stocks fell following another discouraging update on inflation.
Washington — In a rare departure from the Trump administration's typically triumphant tone, US Vice President JD Vance on Wednesday acknowledged that consumer inflation was "not great" in April.
Cisco shares soared in extended trading on Wednesday after the company issued results and guidance that topped Wall Street's projections.
The “National SME Strategy Framework 2026” to empower Small and Medium Enterprises (SMEs), the backbone of the Sri Lankan economy, locally and globally, was officially launched yesterday (13) under the patronage of Minister of Industry and Entrepreneurship Development, Sunil Handunnetti, and Deputy Minister Chathura…