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News
'Be more honest': Markets crave clarity from cryptic Fed chair
13+ hour, 29+ min ago (726+ words) Washington (United States) (AFP) – US Federal Reserve Chair Kevin Warsh will have to soothe investors frazzled by his cryptic communication style in a key speech on Friday, analysts say, or risk having his leadership undercut by other policymakers filling the…...
Hyundai reaches tentative deal with workers after strikes
2+ day, 13+ hour ago (284+ words) Seoul (AFP) – South Korean automaker Hyundai Motor and the union representing its workers have reached a tentative deal on wages and bonuses, both sides said on Tuesday after a rare full-day strike. Issued on: 25/08/2026 - 03:55 Around 40,000 employees at the country's largest…...
Hyundai union back in wage talks after rare full-day strike
3+ day, 12+ hour ago (245+ words) Seoul (AFP) – The union representing workers at South Korean automaker Hyundai Motor said on Monday it had resumed wage talks with management after staging its first full-day strike in a decade. Issued on: 24/08/2026 - 05:09 The action at the country's largest carmaker…...
Many US Fed policymakers back interest rate hikes if inflation stays high
1+ week, 20+ hour ago (589+ words) Washington (United States) (AFP) – Many US Federal Reserve policymakers believe that interest rate hikes will be necessary if inflation does not decline, minutes of their July meeting showed on Wednesday, firming up expectations of monetary policy tightening on the horizon....
US retail sales weakest in over a year, consumer sentiment plunges
1+ week, 6+ day ago (536+ words) Washington (United States) (AFP) – US retail sales gave their weakest showing in more than a year and consumer sentiment plunged, data showed Friday, as households battered by fallout from President Donald Trump's Iran war curbed spending and raised their expectations…...
US inflation slows slightly in July despite elevated fuel prices
2+ week, 1+ day ago (641+ words) Washington (United States) (AFP) – US consumer inflation slowed slightly in July, government data showed, with a virtual stalemate in the US-Iran war giving consumers some respite from sharp price increases at the gasoline pump. Issued on: 12/08/2026 - 15:33Modified: 12/08/2026 - 16:13 The consumer price index…...
Singapore says AI-related demand lifting economy
2+ week, 2+ day ago (210+ words) Singapore (AFP) – Singapore sharply raised its forecast for economic growth in 2026 on Tuesday as robust AI-related global demand boosted activity. Issued on: 11/08/2026 - 09:01 Gross domestic product is now expected to expand by 4.5 to 5.5 percent year-on-year in 2026, up from a previous forecast…...
US unexpectedly loses jobs in blow to Trump ahead of midterms
2+ week, 6+ day ago (710+ words) Washington (United States) (AFP) – The United States unexpectedly lost thousands of jobs in July, government data showed Friday, a blow to US President Donald Trump's claims of leading an economic revival as his Republican Party gears up for crucial midterm…...
Shell shocked: producers to give 53 mn eggs to food banks in US settlement
3+ week, 17+ hour ago (336+ words) New York (AFP) – It's often said that you have to break a few eggs to make an omelette. Issued on: 05/08/2026 - 23:59 The saying rings true under a deal where three major US egg producers will have to crack into their supplies…...
Eurozone economy grows despite Middle East war
4+ week, 5+ hour ago (300+ words) Issued on: 30/07/2026 - 12:05 The EU's statistics agency said the 21-country eurozone grew by 0.4 percent in the second quarter. The figure is higher than the 0.2 percent predicted by economists for Bloomberg, and 0.1 percent by analysts for financial platform FactSet. Eurostat said the…...