Economy
Disney and India's Reliance agree merger: Bloomberg
India's Reliance Industries has signed a "binding pact" for a merger deal with Walt Disney's local unit, Bloomberg News reported Monday, a major shakeup for the country's multi-billion dollar entertainment industry.
Asian markets mostly lower on profit-taking after tech surge
Asian markets were mostly lower Monday, although Tokyo's key Nikkei index hit fresh all-time highs after two of the three main US indices closed at records. Tokyo's Nikkei index was up 0.5 percent, pushing further past the December 1989 record it smashed on Friday.
WTO convenes ministers in UAE with slim hopes for breakthrough
The world's trade ministers gathered in the UAE on Monday for a high-level WTO meeting with no clear prospects for breakthroughs, amid geopolitical tensions and disagreements. Adding to the challenges for those gathering in the UAE, is the ongoing war in Gaza and related attacks by Yemeni rebels on ships in the Red Sea, a campaign that has disrupted global maritime trade.
IMF says Argentine austerity should not hurt the poor
The International Monetary Fund has urged the government of Argentine President Javier Milei to shield the poor as he pursues harsh austerity measures to cut government spending, according to an interview published Sunday. Since taking office in December, the libertarian Milei has devalued the peso by over 50 percent, cut tens of thousands of public jobs and halved the size of the government.
Biden or Trump, hawkish economic approach on China to intensify
In a shift from tit-for-tat tariffs and strong-arm tactics to tech restrictions and investment curbs, US policy towards China has become more targeted under President Joe Biden -- though still hardline.
US-China economic flashpoints at a glance
From a trade imbalance to technological competition, a host of economic flashpoints are boosting tensions between Washington and Beijing -- and these are among areas in which both Republicans and Democrats can agree.
Economy another victim of war in impoverished Sudan
Before the Sudanese army and paramilitary fighters turned their guns on each other last year, Ahmed used to sell one of Sudan's main exports: gum arabic, a vital ingredient for global industry. "When the war began, I had a stock of gum arabic in a warehouse south of Khartoum that was intended for export," Ahmed told AFP, asking to use only his first name for fear of retaliation.
Macron spends day at agricultural show as angry farmers protest
French President Emmanuel Macron spent the entire day at the annual agricultural fair Saturday, as angry farmers heckled him and scuffled with police. - Macron meets farmers' leaders - While French presidents have often been jeered at the annual fair, Saturday's scenes were a first.
Oil-rich Argentine provinces threaten to cut supply in dispute with Milei
Argentina's main petroleum-producing provinces have threatened to cut supplies to the rest of the country over funding cuts ordered by President Javier Milei. Economy Minister Luis Caputo argued on X that the cut was necessary to collect on unpaid debt from Chubut to the federal government -- and that 10 other provinces also owe money.
Economy
Load more