Apple unveils new iPhone built for AI

Apple on Monday unveiled new iPhones built for generative artificial intelligence as it seeks to boost sales and show it is keeping up in the technology race.
10 September 2024, 18:00 PM

China coal production threatens climate goals: study

China's planned expansion of coal mining threatens the country's climate goals and risks vastly increasing its methane emissions, a study warned on Tuesday
10 September 2024, 11:46 AM

US plans talks on economy with Yunus, FT says

The United States is set to launch economic talks this week with Bangladesh's interim government, including its leader, Muhammad Yunus, the Financial Times reported on Tuesday
10 September 2024, 06:12 AM

UK government sets up board to tackle labour market inactivity

Britain's Labour Party on Tuesday launched a new advisory board that will help address long-standing issues in the country's labour market, including reducing high levels of inactivity among working-age people
10 September 2024, 05:12 AM

Chinese exports top forecasts but imports slow sharply

China's exports jumped in August but imports fell well short of expectations, data showed Tuesday, as the country's leaders struggle to boost consumption in the world's second-largest economy
10 September 2024, 05:04 AM

Japan's Q2 GDP growth revised down; softer consumption to test BOJ policy

Japan's economy grew at a slightly slower pace than initially reported in the second quarter, hurt by downward revisions in corporate and household spending that point to a bumpier second half for consumption and the central bank's rate-hike plans
9 September 2024, 06:27 AM

ECB to deliver fresh rate cut as inflation cools

The European Central Bank is expected to cut interest rates again this week as inflation drifts back down towards its two-percent target, but policymakers will likely stay tight-lipped on future moves
9 September 2024, 05:12 AM

China consumer prices edge up to six-month high in August

Chinese consumer inflation ticked up slightly in August to a six-month high, official data showed Monday, but the reading missed expectations and did little to soothe worries about sluggish spending in the world's number two economy
9 September 2024, 04:56 AM

Canada jobless rate rises to 7-year high

Canada’s unemployment rate rose to 6.6 percent in August, its highest level since May 2017 -- excluding peak Covid-19 pandemic years -- the national statistical agency said Friday.
8 September 2024, 18:00 PM

Britain needs extra $1.3 trillion investment for economic growth, report says

Britain needs an additional one trillion pounds ($1.3 trillion) in investment in the next decade to grow the economy, a report said on Friday
8 September 2024, 05:17 AM

China tells US it presents 'opportunity' not 'threat': ministry

Chinese Vice Commerce Minister Wang Shouwen told his US counterpart on Saturday that a modern China was an economic "opportunity" not a "threat" to the United States, the ministry said
8 September 2024, 05:02 AM

China seeking WTO talks with Canada over EV, steel tariffs

China’s commerce ministry said on Friday Beijing had referred Canada to the World Trade Organization (WTO) over Ottawa’s new restrictions on imports of Chinese electric vehicles, steel and aluminium.
7 September 2024, 18:00 PM

US job gains miss expectations as labour market cools

US hiring bounced back in August but missed expectations while the jobless rate crept down, government data showed Friday, paving the way towards central bank rate cuts in the coming weeks.
7 September 2024, 18:00 PM

Russia raises main economic forecasts, sees higher year-end inflation

A sharper rise in capital investment is one of many improvements to Russia's 2024 economic outlook, new economy ministry forecasts showed, though stubbornly accelerating inflation may blunt the impact of faster rises in household incomes
7 September 2024, 08:14 AM

China’s global battery ram will be hard to stop

China’s electric cars have zoomed into a new era of battery-powered driving. Now models such as BYD’s Seal and Great Wall Motor’s Funky Cat face an international backlash.
7 September 2024, 06:29 AM

Google 'anti-competitive' over online ad tech: UK

US tech titan Google employs "anti-competitive practices" with regards to online advertising, Britain's competition watchdog concluded Friday in provisional findings of a two-year long investigation
7 September 2024, 06:10 AM

US Fed official says expects series of rate cuts

With inflation easing and the labor market cooling, it will likely be appropriate for the US Federal Reserve to make a series of interest rate cuts in the coming months, a senior official said Friday
7 September 2024, 06:04 AM

US job openings hit 3-1/2-year low as labor market eases

US job openings dropped to a 3-1/2-year low in July, suggesting the labor market was losing steam, but the reduction on its own is probably not enough to warrant a half-percentage-point interest rate cut by the Federal Reserve this month
5 September 2024, 05:50 AM

BYD's global expansion push runs into stiff Japan test

BYD is rolling out electric-vehicle charging stations and ramping up marketing and customer incentives in Japan, aiming to boost sales in a market that has become a stumbling block in the Chinese automaker's global expansion
5 September 2024, 05:01 AM

China's Xi promises $50 billion for Africa over next three years

Chinese leader Xi Jinping on Thursday pledged over $50 billion in financing for Africa over the next three years, promising to deepen cooperation in infrastructure and trade with the continent as he addressed Beijing's biggest summit since the pandemic
5 September 2024, 04:47 AM