Economy

Economy Latest News

Venezuela says US revoked transnational oil, gas company licenses
Venezuela says US revoked transnational oil, gas company licenses
by  AFP

The United States has revoked several transnational oil and gas companies' licenses to operate in Venezuela, Caracas said on Sunday, which had been granted despite Washington's sanctions against the South American country. Chevron's revoked license had been granted by former US president Joe Biden and allowed the company to operate despite sanctions.

French chefs await new Michelin guide
French chefs await new Michelin guide
by  AFP

The Michelin guide is set to unveil its latest rankings of restaurants in France on Monday, which will identify the up-and-coming talent challenging the country's stalwart three-star cooking celebrities. The 2025 guide will be unveiled on Monday in Metz from 1600 GMT. mdv-adp/sbk/bc

Trump says US tariffs to hit 'all countries'
Trump says US tariffs to hit 'all countries'
by  AFP

President Donald Trump said Sunday the tariffs he plans to impose in the coming days would include "all countries", not just those with the largest trade imbalances with the United States. But despite widening the target, the president insisted his tariffs would be more "generous" than those levied against the United States.

What happens on Trump's 'Liberation Day' and beyond?
What happens on Trump's 'Liberation Day' and beyond?
by  AFP

US President Donald Trump has launched a volley of tariffs impacting allies and adversaries this year, promising "Liberation Day" on Wednesday with action targeting countries that have persistent trade gaps with his country. Trump could unveil further sector-specific tariffs on Wednesday, having earlier indicated plans to target pharmaceuticals, semiconductors and lumber.

Japan-Australia flagship hydrogen project stumbles
Japan-Australia flagship hydrogen project stumbles
by  AFP

Japan wants to become a hydrogen fuel leader to meet its net-zero goals, but one blockbuster project is hanging in the balance over questions about its climate credentials. Hydrogen's climate credentials also depend on how it is produced.

Japan's Nikkei leads big losses in Asian markets as gold hits record
Japan's Nikkei leads big losses in Asian markets as gold hits record
by  AFP

Tokyo led another plunge across Asian markets Monday while gold hit a record high as investors steel themselves for a wave of US tariffs this week that has fuelled recession fears. Gold, a safe haven in times of uncertainty and turmoil, hit a record high of $3,106.79.

Four men loom large in Microsoft history
Four men loom large in Microsoft history
by  AFP

Microsoft was shaped by Bill Gates, Paul Allen, Steve Ballmer and Satya Nadella over the course of the last half-century in the male-dominated tech world. Ballmer joined Microsoft in 1980 and was best man at the 1994 wedding of Bill and Melinda Gates.