Economy
Boeing not taking strike talks seriously, union says
The union for striking Boeing workers said Tuesday the aviation giant was not "taking mediation seriously," after some 33,000 US employees walked out last week over a contract dispute, effectively shutting down two Seattle-area plants.
Local, foreign firms facing months of recovery in storm-hit Vietnam
Factory roofs blown off, products worth millions of dollars destroyed, supply chains disrupted: Typhoon Yagi has had a disastrous impact on local and global companies in northern Vietnam who could take months to recover, business leaders warn.
Women drive innovation, evolution of Chinese wine industry
As the female winemaker who put Chinese vintages on the map for the first time, Zhang Jing of Helan Qingxue winery is a trailblazer, but no anomaly. Aside from Helan Qingxue, many of its best-known producers -- Silver Heights, Kanaan Winery, Jade Vineyard -- are women-led.
Cash-strapped Sri Lanka eyes China development
Sri Lanka's economic collapse was partly blamed on struggling high-debt Chinese mega-projects, but candidates in Saturday's presidential election are banking on at least one of them to buck the trend. When the island nation plunged into chaos, CIA chief Bill Burns blamed its economic collapse on what he called "dumb bets" on Chinese-funded projects.
Asian markets fluctuate on uncertainty over Fed rate plan
Asian markets swung between gains and losses Wednesday as traders tried to ascertain how big an expected Federal Reserve interest rate cut would be later in the day, while the dollar held gains against the yen after forecast-beating US data. Still, Asian markets fluctuated.
US Fed set to make first rate cut since 2020
The US Federal Reserve is all but certain to cut interest rates on Wednesday for the first time in more than four years, a significant move likely to ripple through global financial markets. But as inflation has fallen in the months since, and the labor market has cooled, analysts at top US banks have raised the number of cuts they expect the Fed to pencil in this year.
Musk to deliver 'drastic' cuts to Trump government
Elon Musk's fervent support for Donald Trump in the upcoming US election could extend far beyond incendiary tweets and campaign cash if the former president returns to the White House. The nine-member top court is now dominated by conservatives, including several Trump appointees, and has made recent decisions increasing the powers of the White House.
Google faces another test in EU court over 1.5-bn euro fine
An EU court will rule on Wednesday on Google's appeal of a 1.49-billion euro ($1.65 billion) fine from the European Union, a week after the US tech giant suffered a stinging legal defeat over a bigger penalty. The legal saga continues in that case after Google appealed the latest decision before the higher European Court of Justice.
Report links meatpacking companies to 'war on nature' in Brazil
A report by environmental and rights NGOs Tuesday linked three major meatpacking companies to illegal deforestation in Brazil, where farmers are accused of spraying herbicides from the sky to clear huge tracts of land. The report accuses meatpackers JBS, Marfrig and Minerva of doing business with farmers engaged in the illegal actions.
Economy
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