Economy

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Japan auctions emergency rice reserves as prices soar
Japan auctions emergency rice reserves as prices soar
by  AFP

The Japanese government began a rare auction on Monday of its emergency rice stockpiles in a bid to help drive down the surging price of the national staple. Japan stores about a million tons of rice for emergencies.

Energy industry meets after Trump tears up US green agenda
Energy industry meets after Trump tears up US green agenda
by  AFP

Top energy industry figures converge on Houston this week for their biggest gathering since Donald Trump returned to the White House to champion fossil fuels and undo Joe Biden's climate legacy. - The schedule for the five-day Houston CERA gathering lists three top Trump appointees, including Energy Secretary Chris Wright, who will open the proceedings on Monday morning.

After Poland spat, Musk vows Ukraine can keep Starlink
After Poland spat, Musk vows Ukraine can keep Starlink
by  AFP

Billionaire industrialist and senior White House advisor Elon Musk vowed Sunday to maintain Ukraine's access to his Starlink satellite network, after a fierce online clash with Poland's outspoken foreign minister.

Trump declines to rule out 2025 US recession
Trump declines to rule out 2025 US recession
by  AFP

President Donald Trump declined in an interview aired Sunday to rule out the possibility that the United States might enter a recession this year. But Trump's commerce secretary, Howard Lutnick, was more definitive when asked Sunday about the possibility of a recession.

US ends waiver for Iraq to buy Iranian electricity
US ends waiver for Iraq to buy Iranian electricity
by  AFP

Washington has declined to renew a sanctions waiver that allowed Iraq to buy electricity from neighbouring Iran, a spokesperson for the American embassy in Baghdad said on Sunday. "On March 8, the U.S. Department of State did not renew the waiver for Iraq to purchase Iranian electricity," the US embassy spokesperson said.