Economy

Economy Latest News

Feeling flush: Japan's high-tech toilets go global
Feeling flush: Japan's high-tech toilets go global
by  AFP

As Japan plays host to a record influx of tourists, one of the country's more private attractions -- the high-tech toilet -- is becoming a must-have in luxury bathrooms worldwide. Bidets are "popular everywhere" but it's still a "private experience" and "weird to talk about" for some customers.

Meet Neo Px: the super plant that attacks air pollution
Meet Neo Px: the super plant that attacks air pollution
by  AFP

It may look like an innocent green plant, but its name evokes something far closer to a robot or interstellar rocket. Protected from the elements, several thousand modified pothos plants, green speckled with white, awaited their turn to be potted, packed and shipped.

Boeing Starliner's crewed launch abruptly halted, again
Boeing Starliner's crewed launch abruptly halted, again
by  AFP

Boeing's second attempt at launching a crew aboard its troubled Starliner spaceship was dramatically aborted Saturday with just minutes left on the countdown clock, yet another setback for a program that has faced years of delays.

China making youth unemployment a 'top priority'
China making youth unemployment a 'top priority'
by  AFP

At a job fair for soon-to-be graduates in central Shanghai, recruiters sat bored under washed-out tarpaulins as rain and an apparent lack of interest kept potential young employees away.

Geneva auto show closes shop after 119 years
Geneva auto show closes shop after 119 years
by  AFP

The more than century-old Geneva International Motor Show will be cancelled for good following waning interest from automakers in what was once an unmissable industry event, organisers said Friday. The next Geneva International Motor Show Qatar will take place in Doha in November 2025. noo/clc/lth/ach

Giant lithium partnership created in Chile
Giant lithium partnership created in Chile
by  AFP

Chile's state-owned copper giant Codelco signed a deal Friday with SQM to nearly double the private mining firm’s current extraction of lithium, a key mineral for the global switch to cleaner energy. Chile's leftist President Gabriel Boric came to office with plans to create a national lithium company similar to state-owned Codelco, formed in the 1970s out of nationalized mining firms.

UBS marks takeover milestone as Credit Suisse is no more
UBS marks takeover milestone as Credit Suisse is no more
by  AFP

Swiss banking giant UBS on Friday completed the merger of its parent company with Credit Suisse AG as its fallen rival legally ceased to exist, more than a year after the emergency takeover. In a statement, UBS said Credit Suisse AG -- or limited company -- had been deleted from the Canton of Zurich's commercial register, and has thus ceased to exist as a separate entity.

UK Labour pitches new energy policy in election battle
UK Labour pitches new energy policy in election battle
by  AFP

The UK's Labour opposition launched its flagship clean energy policy Friday, bidding to ease the country's cost-of-living crisis and contrast the party with the ruling Conservatives in the looming general election. Labour is widely predicted to win the election, opinion polls show, with Sunak's Tories struggling after years of scandals and cost-of-living pressures.

US Fed's favored inflation measure remains unchanged in April
US Fed's favored inflation measure remains unchanged in April
by  AFP

The US Federal Reserve's favored measure of inflation remained unchanged in April, according to government data published Friday, as services prices remained elevated. The data published Friday also show that personal income eased to 0.3 percent last month, the Commerce Department said, down slightly from 0.5 percent in March.