Economy
Why has Russian wheat been entering the EU duty-free?
Since its invasion of Ukraine, Russia's grain exports have not only been spared by European Union sanctions, but even stayed free of tariffs -- a seeming anomaly the bloc has now agreed to rectify. Following Russia's invasion, the EU eliminated tariffs on Ukrainian products.
Taliban govt harbours big dreams for Afghan rail
On the edge of the Afghan border with Uzbekistan, where the railway abruptly stops, throngs of young men transfer sacks of wheat or flour from freight trains to trucks. Every day, 3,500 tons of flour and 1,500 tons of wheat are unloaded by hand at the border town of Hairatan in northern Afghanistan to trucks that brave mountain passes and war-damaged roads to ferry goods around the country.
Google to invest $2 bn in Malaysia: government
Google will invest $2 billion in Malaysia to house the firm's first data centre in the country, the government said Thursday, making it the latest tech titan to pump cash into the region in search of growth opportunities. "When operational, Malaysia will join the 11 countries where Google has built and currently operates data centres to serve users around the world," the statement said.
India's onion farmers cry foul at politicians' price recipe
Almost every Indian meal requires an onion -- one of the cooking essentials along with sugar and lentils that sweet-talking politicians use to curry favour with their voters by lowering costs. But the slump in wholesale prices meant that was not passed on to the consumer -- or voter, from the politicians' viewpoint.
EU seeks roadblocks for Chinese EVs without sparking trade war
The EU faces a delicate balancing act as it prepares to rev up taxes on Chinese electric cars to protect European industry, while steering clear of a US-style showdown with Beijing that could spark a trade war. The EU wants many more Europeans driving electric cars as it prepares to outlaw the sale of new fossil fuel-powered cars from 2035.
Boeing set to deliver plan to regulators on upgrading safety
Boeing is expected to deliver on Thursday a "comprehensive action plan" required by US air safety regulators after a near-catastrophic incident in January. At that time, the FAA gave Boeing 90 days to produce "a comprehensive action plan to address its systemic quality-control issues to meet FAA's non-negotiable safety standards."
Asian markets extend losses with Wall St as rate hopes dim
Asian markets fell Thursday, with traders tracking losses on Wall Street fuelled by concerns over rising Treasury yields and fading hopes for US interest rate cuts. A second straight day of weak demand in a Treasuries auction forced yields -- a proxy for interest rates -- to extend a recent advance.
Nobel winner Yunus brings 'social business' mantra to Olympics
Since the early days of Paris's bid for the 2024 Olympics, the city has been receiving advice from a prestigious counsel: Nobel peace prize winner and social business guru Mohammed Yunus. Having visited the village built for the 2016 Olympics in Rio de Janeiro -- a high-rise complex outside the city, with poor public transport links -- Yunus knew the pitfalls.
Asia gas expansion threatens green transition: report
Southeast Asia is on track to vastly expand its gas-fired power plant and liquid natural gas import capacity, threatening its green energy transition, a report warned Thursday.
Economy
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