Economy
Asian trade cautious ahead of key rate decisions
Traders in Asia were cautious on Monday after US shares receded, and as anticipation builds for the Bank of Japan to finally ditch its negative interest rate. "He has previously said that policy will remain accommodative after the removal of the (negative interest rate policy) and has ruled out the possibility of successive rate hikes," Kenny noted.
Australian taxi drivers win $178 million payout from Uber
Australian taxi drivers impacted by the rise of ridesharing giant Uber have won US$178 million in compensation, their lawyers said Monday after settling a gruelling legal battle. Lead lawyer Michael Donelly said the A$271.8 million (US$178.3 million) settlement was the "fifth highest class action settlement in Australian legal history".
EU, Egypt agree 7.4 bn euro deal focussed on energy, migration
The EU chief and five European leaders visited cash-strapped Egypt on Sunday to announce a 7.4-billion-euro financial package focussed on boosting energy trade and stemming irregular migrant flows to the 27-member bloc.
US Fed to provide fresh clues on rate cuts after uptick in inflation
The US Federal Reserve is widely expected to keep its key lending rate unchanged again on Wednesday, as policymakers continue discussions over when to start rate cuts and launch the next phase in their long-running battle against inflation.
German train drivers union halts strikes to negotiate
Germany's Deutsche Bahn railways and the GDL train drivers' union announced they had returned to the negotiating table on Saturday after a wave of strikes demanding better pay. While the negotiations go on the union said it would halt further strike action.
Boeing urges airlines to check switches after LATAM plane plunge
Boeing on Friday warned airlines flying its 787 Dreamliner model to inspect certain switches in the cockpit, after a New Zealand-bound LATAM plane dropped violently mid-flight, injuring dozens of travelers.
US sanctions network smuggling American tech to Iran's central bank
The US Treasury Department unveiled sanctions against a network of companies and individuals Friday for facilitating illegal technology transfers from dozens of US firms to Iranian entities, including the country's central bank. The sanctions relate to Informatics Services Corporation (ISC), the technology arm of the Central Bank of Iran (CBI), the Treasury Department said in a statement.
EU chief outlines more concessions for bloc's farmers
European Commission chief Ursula von der Leyen on Friday laid out a further series of concessions to EU farmers, especially for those on smaller properties, in a bid to calm rolling protests in the sector. Von der Leyen told Tusk the proposed changes would "apply certain standards in a way that is more compatible with the everyday realities that farmers face on the ground".
Huthis fire at ship off Yemen as they threaten wider campaign
A missile launched Friday by Yemen's Huthi rebels at a ship in the Red Sea caused no damage, after they threatened to expand their harassment campaign which has disrupted global trade.
Economy
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