Shibuya crossing in known to be the world’s busiest pedestrian crossing © Marco Bottigelli | Moment | Getty Images Asia-Pacific markets gave up earlier gains to trade mostly lower Thursday, following the Federal Reserve’s third rate cut of the year. The U.S central bank reduced the Federal Funds rate by 25 basis points to 3.5%-3.75%,…
US trade representative Jamieson Greer on Tuesday said he is open to treating South Africa differently than other African countries if Washington extends a trade initiative with sub-Saharan Africa that expired in September. Greer told a US senate appropriations subcommittee hearing that the Donald Trump administration was open to a one-year extension of the African…
Aerial view of vehicles being driven on the road through the central business district on October 5, 2020 in Beijing, China. Zhang Qiao | Visual China Group | Getty Images Asia-Pacific markets opened December mixed Monday as traders parsed fresh manufacturing data from China and rising expectations of a U.S. Federal Reserve rate cut this…
As the holiday shopping season starts to kick into high gear, Americans are balancing Black Friday deals with lingering concerns about their own finances. Consumers are looking to shell out less this holiday season, new data from Deloitte shows. Surveyed shoppers said they plan to spend 4% less than last year between Black Friday and…
Vaccine alliance Gavi and children’s agency UNICEF have struck a new pricing deal that will sharply cut the cost of a key malaria vaccine and make it possible to protect nearly seven million additional children by 2030, the agencies announced on Sunday. Under the agreement, the price of the R21/Matrix-M vaccine will fall to $2.99…
Hong Kong Spreephoto.de | Moment | Getty Images Asia-Pacific markets started the week higher after the New York Federal Reserve President signaled that a third rate cut could happen this year. On Friday, New York Federal Reserve President John Williams suggested the Fed could lower its key interest rate from here as labor market weakness poses a…
US Secretary of State Marco Rubio has called for international action to cut off the supply of weapons to Sudan’s paramilitary Rapid Support Forces (RSF), who are accused of mass killings in el-Fasher. At the end of a G7 foreign ministers meeting in Canada, Rubio said the RSF had committed systematic atrocities, including murder, rape…
Elon Musk’s SpaceX says it has cut Starlink satellite communication links to more than 2,500 devices used by scam compounds in Myanmar. More than 30 compounds are believed to be operating along the Thai-Myanmar border, where people from around the world are trafficked and forced to work on scams generating tens of billions of dollars…
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The Taliban government in Afghanistan has imposed a nationwide shutdown of telecommunications, weeks after it began severing fibre-optic internet connections. The country is currently experiencing a “total internet blackout”, internet watchdog Netblocks reports. International news agencies say they have lost contact with offices in the capital Kabul. Mobile internet and satellite TV have also been…
