Economy

Economy Latest News

In bid to save shipyards, US set to charge fees on Chinese ships
In bid to save shipyards, US set to charge fees on Chinese ships
by  AFP

An escalating trade war between China and the United States faces another flashpoint Tuesday when Chinese ships will be required to start paying a special fee to dock at US ports. As of Tuesday, the Chinese government announced, all ships manufactured in the United States or linked to an American company would have to pay "special" duties to dock at ports in China.

US soybean farmers battered by trade row with China
US soybean farmers battered by trade row with China
by  AFP

The US soybean harvest is underway and in rural Maryland, farmer Travis Hutchison cracks open a pod to show how a field is nearly dry enough for reaping. Time is limited, as China's soybean purchasing window from the United States usually runs from October through January, said farmer David Burrier, based in Union Bridge, Maryland.

Who is setting fire to the Amazon?
Who is setting fire to the Amazon?
by  AFP

"Red John" is an old acquaintance of landowners and ranchers in the Brazilian Amazon. But Red John is a worker who cannot be controlled -- and an unprecedented drought in 2024 linked to climate change sent fires blazing out of control, scorching nearly 18 million hectares (44.5 million acres) of the Brazilian Amazon.

Mass-produced AI podcasts disrupt a fragile industry
Mass-produced AI podcasts disrupt a fragile industry
by  AFP

Artificial intelligence now makes it possible to mass-produce podcasts with completely virtual hosts, a development that is disrupting an industry still finding its footing and operating on a fragile business model. The industry veteran, whose program began in 2008, said he's skeptical about the mass adoption of AI podcasts.

Trump says US 'wants to help China, not hurt it'
Trump says US 'wants to help China, not hurt it'
by  AFP

President Donald Trump said Sunday the United States wants to help China, not hurt it, striking a conciliatory tone days after threatening an additional 100 percent tariff on the world's second-largest economy. "Threatening high tariffs at every turn is not the right approach to engaging with China," it said in an online statement.

French PM faces uphill task to form government
French PM faces uphill task to form government
by  AFP

French Prime Minister Sebastien Lecornu on Sunday was negotiating to form a government after losing a key political ally, with time running short before a fast-approaching budget deadline. But the right-wing Republicans (LR), a key political ally, dealt a blow to his chances Saturday by announcing they would not take part in the new government but only cooperate on a "bill-by-bill" basis.

Australian airline Qantas says millions of customers' data leaked online
Australian airline Qantas says millions of customers' data leaked online
by  AFP

Australian airline Qantas said Sunday that data from 5.7 million customers stolen in a major cyberattack this year had been shared online, part of a leak affecting dozens of firms. The hack of data from Australia's biggest airline comes as a string of major cyberattacks in the country has raised concerns about the protection of personal data.

China accuses US of 'double standards' over new tariffs threat
China accuses US of 'double standards' over new tariffs threat
by  AFP

China accused the United States of "double standards" on Sunday, after President Donald Trump threatened an additional 100 percent tariff on the world's second-largest economy. On Sunday, China's Ministry of Commerce called Trump's tariff threat a "typical example of 'double standards'".