The free trade agreement between Australia and the UK has officially come into effect on May 31 after two years of negotiation. On May 30, British High Commissioner Vicki Treadell delivered the diplomatic note confirming that the UK’s domestic procedures for the trade agreement to come into force had been completed, effectively opening a new…
Taiwan Believes China Won’t Shift Australia on Trade Pact
May 31, 2023
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AustraliaAustralia-TaiwanBusiness & MarketsChina NewsChina-Australia RelationsChinese RegimeInternational RelationsMalcolm TurnbullSpecial TopicsTaiwanWorld
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Taiwan’s Trade Minister John Deng has said he does not expect the Australian government, led by Prime Minister Anthony Albanese, will bow to pressure from Beijing to block Taipei’s bid to enter the newest and largest trading block in the Pacific region. The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) is a free trade agreement…
Boeing Boosts 787 Dreamliner Production Rate to 4 a Month
CHARLESTON, South Carolina—Boeing Co. has increased production of its widebody 787 Dreamliner from three to four planes per month as it gets ready to ramp to five a month by the end of the year, a company official said on Tuesday. The U.S. planemaker also plans to add a second production line to the company’s…
Retail Crime in New Zealand Remains Rampant Despite Government Measures
As New Zealand continues to endure a retail crime wave, some small business owners have criticised the central government’s latest measures for security fog cannons which they say is doing nothing to address the root issue. An anti-theft device, the fog cannons work by releasing an immediate cloud of fog, making it much more difficult…
Stock Market Today: Wall Street Churns to a Mixed Finish
NEW YORK—Wall Street churned to a mixed finish Tuesday as a long list of worries looms, even if the most pressing crisis seems to be calming as Washington moves to avoid a default on its debt. The S&P 500 edged up by 0.07, or less than 0.1 percent, to 4,205.52, hovering close to its highest…
Closing Prices for Crude Oil, Gold, and Other Commodities (May 30)
May 30, 2023
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Benchmark U.S. crude oilBrightBusiness & MarketsgoldGold and CommoditiesinvestingMarketspersonal finance
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Benchmark U.S. crude oil for July delivery fell $3.21 to $69.46 a barrel Tuesday. Brent crude for July delivery fell $3.53 to $73.54 a barrel. Wholesale gasoline for June delivery fell 11 cents to $2.60 a gallon. June heating oil fell 9 cents to $2.28 a gallon. July natural gas fell 9 cents to $2.33…
How Major US Stock Indexes Fared May 30
Wall Street churned to a mixed finish as a long list of worries looms, even if the most pressing crisis seems to be calming as Washington moves to avoid a default on its debt. The S&P 500 was virtually unchanged Tuesday, hovering near its highest level since August. The Dow Jones Industrial Average fell 50…
ESG Advocates Say Anti-ESG Movement Creating ‘Concerns and Challenges’
May 30, 2023
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Business & MarketsChip RoyCompaniesDemocratseconomyEnvironmentESGInvestmentJohn PodestaMedia & Big TechPoliticsScienceSocial IssuesThe EconomistUnited NationsUSUS NewsWorld Economic Forum
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It’s counterstrike time: the Republican-led movement against environmental, social and corporate governance (ESG) investing came under fire at a major environmental conference on May 30. “I don’t think there’s any chance that the anti-ESG movement will win,” said Witold Henisz, a vice dean and faculty director of the ESG Initiative at the University of Pennsylvania’s…
Here’s What’s in the Debt Ceiling Deal and Who Benefits
May 30, 2023
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Business & MarketscongresseconomyHouse Speaker Keven McCarthyinflationPoliticsUSUS Debt limitUS President Joe Biden
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Republican and Democratic leaders in Congress both portray the long-awaited deal to raise the nation’s debt ceiling as a win for their side. The Fiscal Responsibility Act of 2023, unveiled on May 29, ends a months-long disagreement between President Joe Biden and House Speaker Kevin McCarthy (R-Calif.) over the terms for increasing the borrowing limit….
ANALYSIS: China Hoodwinking the World via Technologically Advanced Coal Mines
May 30, 2023
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Business & MarketsChina Newsclimate change agendacoal mineseconomic policiesenergyEnvironmentInternational Relationsrenewable energiesScience
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News Analysis China has persisted in pursuing a policy of modernizing its vast number of coal mines using the latest technologies in a bid to make them more productive, while Western nations are cutting down on traditional energy sources in order to meet climate change goals set by global entities. In the 2015 United Nations’…
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