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Asia-Pacific markets opened higher Monday, recovering from last week’s sharp declines prompted by artificial intelligence valuation concerns. Investors across the region focused on fresh inflation data from China and policy signals from Japan as they sought stability amid global market jitters. South Korea’s Kospi index surged 2.76 percent, led by gains in banks and insurance … Read more
WASHINGTON — President Donald Trump on Friday called for an investigation into the country’s largest meatpacking companies, alleging that the firms may be artificially inflating beef prices and affecting the nation’s food supply. The Justice Department confirmed that its antitrust division is already examining the industry, a move that could have significant implications for ranchers, … Read more
WASHINGTON — President Donald Trump on Thursday announced new agreements with pharmaceutical giants Eli Lilly and Novo Nordisk to slash the prices of their blockbuster weight loss medications, in what the administration called a landmark step to make obesity treatments affordable. The Trump weight loss drug price cuts will lower costs for Medicare and Medicaid … Read more
WASHINGTON — The federal government shutdown has entered uncharted territory, becoming the longest in US history as lawmakers struggle to find common ground. The record breaking stoppage, which surpassed the previous mark set during President Donald Trump’s first term, has begun to ripple through nearly every corner of American life from airports to grocery store … Read more
LONDON/QUEBEC — Global miner Glencore Plc is preparing to shut down Canada’s largest copper smelter, the Horne facility in Quebec, due to mounting environmental concerns and the high costs required to modernize aging operations, according to two people familiar with the matter. The potential closure could ripple through the global copper market, already strained by … Read more
NEW YORK — US stock futures fell sharply Tuesday as investor skepticism grew over whether the recent tech driven rally on Wall Street can continue. Futures tied to the S&P 500 dropped 0.9%, while contracts for the tech heavy Nasdaq 100 fell about 1.3%. Dow Jones Industrial Average futures slipped 0.6%, reflecting broader caution across … Read more
BEIJING — China’s factory activity slowed in October, falling short of market expectations as new export orders dropped sharply amid renewed trade tensions with the United States, according to a private survey released Monday. The RatingDog China General Manufacturing Purchasing Managers’ Index (PMI), compiled by S&P Global, eased to 50.6 in October from 51.2 in … Read more
NEW YORK — As Wall Street’s fascination with blockchain technology deepens, gold one of the world’s oldest stores of value is finding a new digital home. The recent surge in gold prices has fueled growing interest in tokenized gold, a blockchain based asset designed to mirror the value of the precious metal while offering the … Read more
CAIRO — In the 2010 Egyptian film Bittersweet, the protagonist Masry returns home after two decades in the United States, only to find that life in Cairo still runs on “tea money” small bribes paid to grease the wheels of bureaucracy. When an official at a passport office demands “tea with 100 spoonfuls of sugar,” … Read more
SEOUL, South Korea — Asia Pacific leaders on Saturday closed the annual Asia Pacific Economic Cooperation (APEC) summit with a joint declaration calling for shared prosperity and resilient trade, reflecting the growing fractures in the global economic order. The meeting, hosted in Seoul, sought to reaffirm regional cooperation even as geopolitical tensions, tariffs, and export … Read more
