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· Niña Myka Pauline Arceo
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· Niña Myka Pauline Arceo
Wary mood to mark Xi-Trump summit with irritants aplenty on both sides: analysts
Observers noted the number of recent strategic and trade blows, including the war on Iran, have not derailed the meeting from going ahead
· Mark Magnier
Wary mood to mark Xi-Trump summit with irritants aplenty on both sides: analysts
Observers noted the number of recent strategic and trade blows, including the war on Iran, have not derailed the meeting from going ahead
· Mark Magnier
Palmer Luckey's Anduril Secures $5B At $61B Valuation To Supercharge Killer Drone Production
Palmer Luckey's Anduril announced a $5 billion Series H funding round at a $61 billion valuation, led by Thrive Capital and Andreessen Horowitz. This comes as President Trump's 'war economy' and the rise of 'war unicorns' gain momentum.
· Tyler Durden
Walmart suits face bloodbath as retailer targets corporate layoffs
Walmart is cutting or relocating about 1,000 corporate workers as the retail giant overhauls its technology and product teams amid a broader push into artificial intelligence and automation.
· Ariel Zilber
Wholesale inflation surges 6% — biggest increase since 2022: ‘Alarm bells at the Fed’
US wholesale inflation came in hot last month. Producer prices rose 6% from a year earlier, most since December 2022, as the 10-week Iran war pushed up energy prices and put pressure on companies to pass along higher costs to consumers.
· Associated Press
Jerusalem’s future depends on supporting small business growth - opinion
Every Jerusalem Day brings the same set of speeches about a unified, eternal capital. Less commonly mentioned is the fact that, according to the National Insurance Institute’s most recent analysis, Jerusalem is Israel’s second-poorest large city (only Modi’in Illit ranks lower). The Jerusalem district’s poverty rate…
· STEVE FLEISCHER
Has Labor’s tax reform killed ‘rent-vesting’ for young Australians seeking a foothold in the housing market?
Changes to capital gains tax and negative gearing will make the strategy of renting in a preferred area while buying a cheaper property elsewhere less attractive, experts say
· Luca Ittimani
US President Trump arrives in Beijing for two-day summit with Xi Jinping
US President Donald Trump arrived in Beijing on Wednesday for his highly anticipated summit with Chinese leader Xi Jinping at a restless moment for a world worried about war, trade and artificial intelligence.
· AfricaNews
Senate is set to confirm Kevin Warsh as Federal Reserve chairman
Kevin Warsh testifies 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)
· Christopher Rugaber
Tiny Iran war relief vs huge Covid aid reflects limited economic impact, says Al Ghurair | The National
The Dh6.2 billion ($1.69 billion) relief for bank customers in the UAE is nothing compared to the Dh200 billion in assistance the UAE Central Bank extended during the Covid pandemic, reflecting the far smaller impact of the current crisis on the country's economy, the UAE Banks Federation chairman Abdul Aziz Al Ghur…
· Sarmad Khan
Brazil's instant payment system PIX under US scrutiny
Brazil is a politically divided country, but there’s one thing that those on all sides of the political spectrum love: PIX, the country’s instant payment system that allows users to pay for everything, from ice cream on the beach to clothes in a shopping mall and even a car. Now it faces scrutiny from the U.S. gover…
· Mauricio Savarese
EU Imports of Russian LNG Surge to Highest Level Since Ukraine Invasion
The European Union’s imports of Russian liquefied natural gas climbed to their highest levels since early 2022 in the first quarter of this year, according to a report by the Institute for Energy Economics and Financial Analysis (IEEFA).
· AFP
‘I don’t think about Americans’ financial situation,’ says Trump amid Iran talks
With US inflation at a three-year high, US president insisted he’s not focused on economic hardship sparked by the conflict
· Joseph Gedeon
Trump arrives in Beijing for first US presidential visit in nearly a decade
President Donald Trump landed in Beijing on Wednesday, accompanied by an entourage that included Nvidia's Jensen Huang and Elon Musk, after pledging to urge China's Xi Jinping to "open up" to US business at the start of their two-day summit.
· REUTERS
‘That remark bust from me like a truth fountain’: Keating’s kitchen phone call that changed the economy
Paul Keating has described his most important declaration about the state of the economy as a weighty truth lifted from his shoulders – but it may not have happened but for a woman washing some heavy pots.
· Shane Wright
Moscow invites far-right German politicians to ‘Putin’s Davos’
BERLIN — A top adviser to Russian President Vladimir Putin has invited politicians from the Alternative for Germany (AfD) party to an economic forum in June in an illustration of how the Kremlin is cultivating ties with Germany’s far right.
· Pauline von Pezold, Milena Wälde
Chinese tech giant Alibaba posts profit drop amid AI drive
BEIJING — Chinese tech giant Alibaba said Wednesday that net profit dropped by nearly a fifth during its most recent fiscal year, weighed by challenges in the domestic economy and an expensive push into artificial intelligence.
· Agence France-Presse
Africa should 'let the past be' and welcome all foreign investment, says mogul Elumelu
Africans should welcome all foreign investors and put colonial hang-ups behind them, Nigerian businessman and philanthropist Tony Elumelu told AFP.
· AfricaNews
Beefeaters on patrol and Trump in China: photos of the day – Wednesday
View image in fullscreenBeijing, ChinaDonald Trump disembarks from Air Force One as he arrives for his state visit to China, his first in 10 years. The Iran war, trade, artificial intelligence and Taiwan are expected to dominate the US president’s talks with Chinese leadersPhotograph: Evan Vucci/ReutersShareView ima…
· Natasha Rees Bloor
What to know about Nigerian airstrikes against militants that kill civilians
In this photo released by Amnesty International Nigeria, a patient receives treatment at the Yariman Bakura Specialist hospital in Gusau, Nigeria, Monday, May 11, 2026, after a Nigerian military airstrike struck a market on Sunday. (Amnesty International Nigeria Via AP)
(2nd LD) Trump arrives in Beijing for summit talks with Xi on trade, Iran, Taiwan, other topics
(ATTN: ADDS more info in paras 3-4, 6) By Song Sang-ho
· Song Sang-ho
Russia targets Ukraine with more than 200 drones in daytime assault
Moscow and Kyiv trade long-range attacks after brief truce and Donald Trump’s assertion war could end soon
· Peterbeaumont
Indian jewelers brace for 10% sales dip as gold tariffs nearly triple
A saleswoman shows off gold necklaces inside a jewelry store in Kolkata on Jan. 28. Dealers are reeling now that Prime Minister Narendra Modi has asked Indians to curtail purchases of the precious metal.
· SOUMYAJIT SAHA
Dubai Taxi Company to acquire National Taxi for $395m in Abu Dhabi push | The National
Dubai Taxi Company is to acquire National Taxi for Dh1.45 billion ($394.8 million), a move that will boost its strategy to widen its market reach across the emirates, including Abu Dhabi.
· Alvin R Cabral
Xi will play nice with Trump at the Beijing summit – but will he play ball? | The National
There will be plenty on the agenda as US President Donald Trump and his Chinese counterpart, Xi Jinping, meet in Beijing: AI, trade, Taiwan and the ongoing crisis in the Gulf, to start with.
· Sholto Byrnes
Producer prices shot up 6%, adding to pressure on companies to raise prices for customers
Customers shop in the produce section of a grocery store on Monday, May 11, 2026, in Portland, Ore. (AP Photo/Jenny Kane)
· Paul Wiseman
Turkey lifts trade restriction with Armenia to improve ties
Turkey’s President Recep Tayyip Erdogan, right, and Armenia’s Prime Minister Nikol Pashinyan shake hands before a meeting at Prague Castle in Prague, Czech Republic, Thursday, Oct. 6, 2022. (Turkish Presidency via AP, File)
(LEAD) Trump arrives in Beijing for summit talks with Xi on trade, Iran, Taiwan, other topics
(ATTN: ADDS photo, more info in paras 3, 17) By Song Sang-ho
· Song Sang-ho
Wholesale inflation jumps 6% in April on annual basis, biggest increase since 2022
Wholesale prices in April posted their highest annual increase in more than three years, signaling more nettlesome inflation as pipeline costs intensify.
· Jeff Cox
Trump gets red-carpet welcome after he lands in Beijing for closely watched summit with Xi Jinping
BEIJING — President Trump touched down in China’s capital Wednesday evening ahead of a crucial summit with Xi Jinping, after promising to call on the Asian power to “open up” to American business.
· Samuel Chamberlain, Emily Goodin
Nissan expects first net profit for three years in FY26
Nissan Motor is beginning to see results from Re:Nissan, the restructuring plan Ivan Espinosa, the president and CEO appointed last year, is implementing. (Photo by Marina Inoue)
· Staff Writer
Lee to meet Nobel economic laureate Howitt on economic policy this week
President Lee Jae Myung will meet Nobel economics laureate Peter Howitt later this week to listen to his opinions on the country's economic policies, a presidential spokeswoman said Wednesday.
· Yonhap
Oil price spike turmoil far from over, IEA says as inventories are depleted at “record pace"
Oil price spikes are likely over the peak summer demand period as rapidly depleting inventories pile more pressure on the market, the International Energy Agency warned in its latest monthly update released on Wednesday.
· Joseph Wilkins
Oil spill near Iran's Kharg Island raises questions over its source | The National
An oil slick covering around 45,000 square kilometres of sea near Iran's main crude export centre has been detected by satellite imagery, but Tehran said the spill did not originate from local infrastructure.
· Fadah Jassem
Netherlands protests US proposal to further bar chip giant ASML from China market
While the chipmaking-gear giant is already banned from selling advanced kit to China, new rule would make low-end products off-limits too
· Finbarr Bermingham
Netherlands protests US proposal to further bar chip giant ASML from China market
While the chipmaking-gear giant is already banned from selling advanced kit to China, new rule would make low-end products off-limits too
· Finbarr Bermingham
Futures, Yields And Oil All Rise As Trump Arrives In China
US equity futures are up (alongside oil and yields, go figure), reversing yesterday's modest losses, as optimism around the earnings potential of AI outweighs concerns over hot inflation readings bringing dip buyers back to drive tech stocks higher, with traders betting that the tech rally has further room to run wh…
· Tyler Durden
Trump arrives in Beijing for summit talks with Xi on trade, Iran, Taiwan, other topics
BEIJING, May 13 (Yonhap) -- U.S. President Donald Trump arrived in Beijing on Wednesday for a much-anticipated summit with Chinese President Xi Jinping, where the leaders are expected to discuss an array of knotty issues, including trade, the U.S.-Israeli war on Iran and Taiwan.
· Song Sang-ho
Hong Kong Airport Authority takes over 11 Skies retail from New World: sources
Ahead of Terminal 2’s opening, sources tell SCMP that the authority has assumed control of 70 per cent of the troubled project
· Denise Tsang
Hong Kong Airport Authority takes over 11 Skies retail from New World: sources
Ahead of Terminal 2’s opening, sources tell SCMP that the authority has assumed control of 70 per cent of the troubled project
· Denise Tsang
Lee to meet Nobel economic laureate Howitt on economic policy this week
SEOUL, May 13 (Yonhap) -- President Lee Jae Myung will meet Nobel economics laureate Peter Howitt later this week to listen to his opinions on the country's economic policies, a presidential spokeswoman said Wednesday.
· Woo Jae-yeon
UAE delegation meets Syria's President Al Shara as economic ties gather momentum | The National
A delegation led by Minister of Foreign Trade Dr Thani Al Zeyoudi met Syrian President Ahmad Al Shara in Damascus during the first UAE-Syria Investment Forum, as the countries move to expand economic engagement.
· Clotilde Bigot
World Cup transport prices cut after fan backlash
MetLife Stadium will be known as New York/New Jersey Stadium for the tournament as part of Fifa's policy on corporate sponsored names
· Bbcsport
MSCI's index rebalance drops Indonesian stocks and rupiah hits record low
The potential outflow from active and passive investors due to the stock exclusion is estimated at around US$1.7 billion. (Photo by Yuki Kohara)
· Staff Writer
Senate Democrats will push Republicans to vote on CFPB changes
Sen. Elizabeth Warren, D-Mass., questions Health and Human Services Secretary Robert F. Kennedy Jr. as he testifies before a Senate Committee on Finance hearing on Capitol Hill, Wednesday, April 22, 2026, in Washington. (AP Photo/Jose Luis Magana)
· Ken Sweet
UAE deepens economic ties with Damascus, eyes major investment in Syria's postwar reconstruction
The UAE is looking to increase its role in Syria via investment. Of the many countries that embraced the new government in Damascus, the UAE has taken a more cautious approach.
· SETH J. FRANTZMAN
One trip, one ticket: New EU rules aim to ease train travel
The EU plans to force railway companies operating across the bloc to sell rivals’ tickets on their websites and share data with booking platforms, under new rules that are intended to boost train travel.
· The Local
Alibaba AI revenue logs triple-digit growth for 11th quarter amid strategic reshuffle
First-time disclosure of AI-related sales illustrates pivot towards full-stack capabilities as Hangzhou tech giant embraces ‘token economy’ to fuel growth
· Ann Cao