Economy

Economy Latest News

Nintendo launches long-awaited 'Metroid Prime 4' sci-fi blaster
Nintendo launches long-awaited 'Metroid Prime 4' sci-fi blaster
by  AFP

Fans of Nintendo's "Metroid" science-fiction saga have reason to celebrate Thursday as the latest instalment in the series is released after an eight-year wait and a bumpy road through development. Over 15 instalments, the saga evolved from 2D platforming and exploration into a first-person action-adventure format from 2002, when the first "Metroid Prime" appeared on the Gamecube console.

Poor hiring data points to US economic weakness
Poor hiring data points to US economic weakness
by  AFP

US private-sector hiring data released Wednesday painted a downcast picture of the job market in the world's biggest economy, especially among small businesses. Other US data released Wednesday contained conflicting signs on the economy.

Trump to scrap Biden's fuel-economy standards
Trump to scrap Biden's fuel-economy standards
by  AFP

President Donald Trump's administration is set to revoke tougher fuel-economy standards put in place by his predecessor Joe Biden, in a move it says will lower car prices, an official said Wednesday. "As America's largest auto producer, we appreciate President Trump's leadership in aligning fuel economy standards with market realities," Ford CEO Jim Farley said in a statement.

Retail giant Costco challenges US tariffs in court
Retail giant Costco challenges US tariffs in court
by  AFP

The US members-only warehouse retailer Costco has sued President Donald Trump's administration, demanding a refund for tariffs it has paid on imported goods, according to a lawsuit reviewed by AFP. The suit, filed on Friday in the US Court of International Trade, says the tariffs are illegal.

Greek govt warns farmers not to escalate subsidy protest
Greek govt warns farmers not to escalate subsidy protest
by  AFP

The Greek government on Wednesday warned farmers against escalating a roadblock protest to demand funds delayed by the investigation into an EU subsidies scandal. The farmers have sustained major losses from an infestation of sheep pox, and an EU investigation into widespread subsidy fraud that has delayed payments to legitimate claimants.

EU moves to break dependence on China for rare earths
EU moves to break dependence on China for rare earths
by  AFP

The EU on Wednesday presented a multi-billion-euro plan to help curb the 27-nation bloc's dependence on China for rare earths, as Beijing's stranglehold on the critical materials threatens key industries. Brussels also wants to curb exports of scrap and waste from permanent magnets -- made from rare earths and widely used in industry -- as of next year, to boost recycling within Europe.