Economy

Economy Latest News

Asian stocks stagger as traders prepare for expected US rate cut
Asian stocks stagger as traders prepare for expected US rate cut
by  AFP

Asian equities drifted Monday as investors gear up for an expected US interest rate cut this week, with debate centring on the likelihood the Federal Reserve will continue easing monetary policy further into the new year. The data did little to move the needle on rate expectations but showed that it remains stubbornly above officials' target.

Macron threatens China with tariffs over trade surplus
Macron threatens China with tariffs over trade surplus
by  AFP

French President Emmanuel Macron said he has threatened China with tariffs if Beijing fails to take steps to reduce its massive trade surplus with the EU, in remarks published Sunday. During his visit to China, Macron said the EU needed to accept more Chinese direct investment as part of efforts to reduce the trade deficit.

Number's up: Calculators hold out against AI
Number's up: Calculators hold out against AI
by  AFP

The humble pocket calculator may not be able to keep up with the mathematical capabilities of new technology, but it will never hallucinate. Those attempts have accelerated with AI. - Scoring gold - In July, AI models made by Google, OpenAI and DeepSeek reached gold-level scores at the annual International Mathematical Olympiad (IMO).