Tag: market
America’s immigration crackdown is disrupting the global remittance market
Greg Rosalsky Earlier this year, the Trump administration shut down USAID and slashed spending on international aid and development. Development advocates worried — and continue to worry — that this will hurt the economies of developing nations and have deadly consequences for some of the poorest people on Earth. That story generated tons of headlines…
Ukraine allies pledge to take Russian oil and gas off global market
More than 20 nations supporting Ukraine have pledged to “take Russian oil and gas off the global market” as part of efforts to pressure President Vladimir Putin to end the war. “We’re choking off funding for Russia’s war machine,” said UK Prime Minister Sir Keir Starmer, after hosting a summit of the “coalition of the…
Chinese carmakers told to improve locking devices for UK market
UK insurers require critical modifications for sale in country with higher levels of car theft than China British authorities may have certain concerns about the cyber-spying threat from vehicles made in China, but it turns out the country’s manufacturers have security worries of their own. Insurers have told Chinese carmakers they need critical modifications for…
Trump’s China trade truce extension spurs market rally
Bourses in Australia and Japan hit record highs as hopes grow of trade deal within latest 90-day pause Business live – latest updates George Magus: Why Peak China may finally have arrived Donald Trump’s decision to extend a truce in the trade war with China for another 90 days triggered a stock market rally across…
Trump fires lead official on economic data as tariffs cause market drop
US President Donald Trump said he would fire the head of the agency charged with publishing some of America’s most closely watched economic data, after a weaker-than-expected jobs report stoked further alarm about his tariff policies. In a post on social media, Trump – without evidence – accused the commissioner, Erika McEntarfer, of manipulating jobs…
Waste Wars Tracks the ‘Wild Afterlife’ of Garbage on an International Black Market
Your Garbage Has a ‘Wild Afterlife’ on the International Black Market Alexander Clapp, author of new nonfiction book ‘Waste Wars,’ tracks the world-wide blackmarket trade of our garbage By Brianne Kane edited by Andrea Gawrylewski Sorting your trash and recycling is common practice: break down the cardboard boxes, separate the compostable material and plastics and…
Climate crisis contributing to chocolate market meltdown, research finds
Scientists say more-frequent hotter temperatures in west African region are part of reason for reduced harvests and price rises The climate crisis drove weeks of high temperatures in the west African region responsible for about 70% of global cacao production, hitting harvests and probably causing further record chocolate prices, researchers have said. Farmers in the…
Trump pardons Silk Road dark web market creator Ross Ulbricht
US President Donald Trump says he has signed a full and unconditional pardon for Ross Ulbricht, who operated Silk Road, the dark web marketplace where illegal drugs were sold. Ulbricht was convicted in 2015 in New York in a narcotics and money laundering conspiracy and sentenced to life in prison. Trump posted on his Truth…
Reeves’ drive for growth seeks China lifeline after UK market turmoil
Chancellor’s mission to Beijing weighted with greater expectations Rachel Reeves hailed a new era of “respectful and consistent future relations with China” as pressure grew on the embattled chancellor to deliver on her government’s central promise to fire up UK economic growth. After meeting China’s vice-premier, He Lifeng, in Beijing, Reeves said Britain’s relationship with…
There is one major gift Trump is inheriting from Biden: A good job market
Scott Horsley There is major thing that president-elect Donald Trump will be getting as President Biden prepares to hand over the reins: a strong labor market. U.S. employers added more than a quarter-million jobs in December — well above expectations — while the unemployment rate dipped to 4.1%, according to a report from the Labor…
Fears over UK borrowing costs as US jobs figures prompt stock market volatility
Pound falls against the dollar and bond yields rise amid concerns over high UK inflation and interest rates Concerns over the UK government’s borrowing costs were revived on Friday after stronger-than expected US jobs figures triggered volatile conditions in global financial markets. In an accelerating global bond market sell-off, investors warned that the UK was…
Reeves heads to China as pressure continues over market trouble
The Chancellor Rachel Reeves is travelling to China in a bid to boost trade and economic ties, as she faces pressure over government borrowing costs hitting their highest level in years. The three day-visit has been criticised by some Conservatives who claim she should have cancelled the trip to prioritise dealing with economic issues at…
Australia’s housing market ‘buckling’ under widening gap between income and home values, report finds
Australia’s housing downturn is being driven by a widening gap between income, borrowing capacity and home values, but the dip is likely to be “shallow and short-lived”, a new report has found. Sign up for Guardian Australia’s breaking news email “After almost two years, the housing market appears to finally be buckling to these pressures,”…
At a Beloved Lebanese Market, the ‘Destruction Is Painful’
Syria’s Civil War Israeli raids pummeled the historic souk in the city of Nabatieh, in southern Lebanon. Residents and shop owners are only beginning to come to terms with the damage. Israeli raids pummeled the historic souk in the city of Nabatieh, in southern Lebanon. Residents and shop owners are only beginning to come to…
Magdeburg Christmas market attack deaths rise to six
A woman has died from injuries sustained after a man drove a car into a German Christmas market last month, bringing the total death toll from the attack to six. The 52-year-old died in hospital two weeks after the car ploughed into the packed market in Magdeburg, prosecutors said. At least 299 people were injured…
Amazon aims to branch into UK internet market with satellite broadband plan
Proposed space launches within next two years could ultimately deliver mobile phone signal even to most remote areas Amazon is hoping to offer a satellite broadband service in the UK within the next two years as it prepares to launch a constellation of spacecraft that could ultimately deliver a mobile signal even to the most…
CNN goes on trial over its report alleging ‘black market’ for Afghan rescues
David Folkenflik After the Taliban took control of Afghanistan in August 2021, many people were desperate to flee the country. CNN reported that a security consultant was among those offering to evacuate them — for a price — as part of an investigation into claims of “black market” rescue operations. CNN’s story, which aired on…