Economy

Economy Latest News

Asian markets wobble as Trump-Xi talks offset by Musk row
Asian markets wobble as Trump-Xi talks offset by Musk row
by  AFP

Asian markets stuttered Friday as optimism from "very positive" talks between presidents Donald Trump and Xi Jinping was wiped out by the stunning public row between the US leader and Elon Musk. Asian equities fluctuated in early business, with some observers suggesting traders were positioning for what could be a volatile start to next week in light of the row and upcoming US jobs data.

Norway adopts tourist tax to combat overtourism
Norway adopts tourist tax to combat overtourism
by  AFP

Norwegian lawmakers approved Thursday the introduction of a tourist tax to help finance infrastructure improvements as a boom in visitors has led to worries about overtourism. The funds raised by the tax will go exclusively to improve tourism infrastructure. phy/rl/jhb

'Very disappointed' Trump in stunning live break-up with Musk
'Very disappointed' Trump in stunning live break-up with Musk
by  AFP

Tensions between Donald Trump and Elon Musk exploded into public view Thursday, as the US president said he was "very disappointed" by his billionaire former aide's criticisms and Musk hit back in real time on social media. "I'm very disappointed, because Elon knew the inner workings of this bill better than almost anybody sitting here...

Trump, Xi hold long-awaited phone call on trade war
Trump, Xi hold long-awaited phone call on trade war
by  AFP

US President Donald Trump held a long-awaited phone call with Chinese President Xi Jinping Thursday as the leaders of the world's two biggest economies tried to avoid an all-out trade war. Until Thursday, the two leaders had not had any confirmed contact more than five months since the Republican returned to power, despite frequent claims by the US president that such a call was imminent.