Economy

Economy Latest News

Startups show off ocean-preserving tech at Paris trade fair
Startups show off ocean-preserving tech at Paris trade fair
by  AFP

Harnessing ocean currents to boost fuel efficiency of vessels, or tracking whales using sensor data and AI -- startups at Paris trade fair Vivatech have been showing off the latest innovations aimed at protecting the environment.

War, trade and Air India crash cast cloud over Paris Air Show
War, trade and Air India crash cast cloud over Paris Air Show
by  AFP

War, tariffs and the Air India crash will cast a shadow over the Paris Air Show as the aerospace industry's biggest annual gathering opens on Monday. Boeing chief executive Kelly Ortberg cancelled plans to attend the Paris Air Show to focus on the investigation into the crash.

Airlines halt many Middle East flights after Israel hits Iran
Airlines halt many Middle East flights after Israel hits Iran
by  AFP

Global airlines on Friday cancelled flights to Tel Aviv, Tehran and other Middle East destinations, or rerouted planes, as airspaces shut following Israeli strikes on Iran. Emirates, the Middle East's largest airline, cancelled flights to and from Iraq, Jordan, Lebanon and Iran after Israel launched the strikes.

As Trump mulls sanctions, Russia's military economy slows
As Trump mulls sanctions, Russia's military economy slows
by  AFP

After three years of doom-defying growth, Russia's heavily militarised economy is slowing, facing a widening budget deficit and weak oil prices, all under the threat of more Western sanctions. It now expects a budget deficit of 1.7 percent of GDP -- three times higher than initially predicted.

'We're done with Teams': German state hits uninstall on Microsoft
'We're done with Teams': German state hits uninstall on Microsoft
by  AFP

At a time of growing concern over the power of the world's mighty tech companies, one German state is turning its back on US giant Microsoft. He explained that the state wants to rely on publicly owned German digital infrastructure rather than that of an American company.