EU warns of decisive action against US over trade disputes
Jul 07, 2020 06:29 am UTC| Economy
The EU is threatening to take decisive action against the US over its unwillingness to settle the issue of aircraft subsidies and its plan to conduct new investigations in trade deficits. The aircraft trade dispute...
S. Korea posts record-high forex reserves of $410.75-B
Jul 06, 2020 11:43 am UTC| Economy Central Banks
South Koreas foreign exchange reserves reached a record high of $410.75 billion in June, having gained $3.44 billion from May due to profits and investment returns from overseas assets and a weak dollar. The June...
International banks sue Argentine soy crusher for diverting funds
Jul 05, 2020 23:52 pm UTC| Economy
International creditor banks are suing Argentine soy crusher Vicentin of diverting hundreds of millions of dollars and have asked a US court to subpoena records as part of a lawsuit, including wire transfers and bank...
UK finance chief encourages dining out to assist economy
Jul 05, 2020 15:59 pm UTC| Economy
UKs finance minister Rishi Sunak encouraged people to dine out to protect jobs and help the countrys economy. Sunak, whose comments were published on the day the UK reopened its hospitality sector, noted that...
Japanese consumer businesses in S. Korea suffer 71% dip in operating profits
Jul 05, 2020 14:57 pm UTC| Economy
The operating profits of 31 Japanese consumer goods producers in South Korea plunged to 71 percent in 2019 on-year due to a boycott against Japanese products. Sales of the Japanese firms also dipped by 6.9 percent, with...
Stamp duty is an economic drag. Here's how to move to a better system
Jul 03, 2020 12:57 pm UTC| Economy
For all the things we dont know about COVID-19 one thing is certain: our economic recovery will depend on boosting productivity. Everyone from the Reserve Bank of Australia governor Philip Lowe to Prime Minister Scott...
Emirates issues over $517 million in refunds, more reimbursements expected
Jul 02, 2020 23:57 pm UTC| Economy
Dubai-based carrier Emirates has processed nearly 650,000 refunds amounting to over $517 million over the past two months while operating a decreased number of flights on a limited network. According to Chief Commercial...
Johannesburg in a time of darkness: Ivan Vladislavić’s new memoir reminds us of the city’s fragility
Economist Chris Richardson on an ‘ugly’ inflation result and the coming budget
Biden administration tells employers to stop shackling workers with ‘noncompete agreements’
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects