LONDON—Oil prices steadied on Thursday, a day after rising sharply on a bigger-than-expected fall in U.S. inventories, as attention shifted back to rising interest rates denting global economic growth. Brent crude futures was up 10 cents, or 0.1 percent, to $74.13 a barrel by 1032 GMT. U.S. West Texas Intermediate (WTI) crude futures rose 11…
Stocks Shrug Off Inflation Angst, Yen Bows to Dollar
June 29, 2023
admin
AfricaBusiness & MarketsCompanieseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsrecessionstocksWorld
0 Comment
LONDON—World shares and the dollar inched higher and gold was at a three-month low on Thursday as traders’ attention continued to swing between the battle to lower inflation and speculation about currency market intervention in China and Japan. Europe’s regional STOXX 600 index barely budged in early trading after what had been its biggest rise…
Inflation Drop In May Brings Hopes About Pause on Interest Rate Hikes
A surprise drop in inflation in May has strengthened speculations about a pause on the Reserve Bank of Australia’s (RBA) aggressive interest rate hiking cycle. However, it is still too early to conclude that inflation has been successfully tamed. According to the Australian Bureau of Statistics (ABS), the monthly CPI (consumer price index) plunged from…
National Geographic Magazine Lays Off Remaining Staff Writers: Report
Disney-owned National Geographic magazine has laid off the last of its staff writers and replaced them with freelancers, according to reports, making it the latest media outlet to slash jobs amid an uncertain economic environment. Following job cuts earlier this year, just 19 members of the editorial department had remained at the publication, according to The Washington…
Reaching Net Zero Will Need 450 Percent Increase in Mining: Aussie Treasurer
Australia’s Federal Treasurer, Jim Chalmers, has said that a 450 percent increase in mineral production will be needed to meet net zero by 2050. This comes as Resources Minister Madeleine King released a new strategy (pdf) for making Australia a global producer of raw and processed critical minerals. Speaking at the 26th World Mining Congress…
Reaching Net Zero Will Need 450 Percent Increase in Mining: Australian Treasurer
Australia’s Federal Treasurer, Jim Chalmers, has said that a 450 percent increase in mineral production will be needed to meet net zero by 2050. This comes as Resources Minister Madeleine King released a new strategy (pdf) for making Australia a global producer of raw and processed critical minerals. Speaking at the 26th World Mining Congress…
DoorDash Will Offer Drivers Hourly Pay, in Major Change to Platform
June 29, 2023
admin
Business & MarketsCompaniesDelivery workersdoordasheconomygig workersMedia & Big TechRegional & State NewsState NewsUS
0 Comment
DoorDash will offer its drivers guaranteed hourly pay on top of tips, providing its delivery workers another way to earn money, as part of a series of changes to its platform. The delivery app’s main competitor, Uber Eats, already pays its workers for every pickup and delivery that is successfully completed, along with a per-mile pay rate. In…
Fiscal Policy Delaying US Recession: Strategist
Potentially the most forecasted economic downturn in U.S. history has stubbornly refused to appear. Why? NTD speaks to an economic research provider for some possible reasons. …
130 Countries Are ‘Exploring’ Central Bank Digital Currencies, Report Says
June 28, 2023
admin
Business & MarketsChinadigital currencyeconomic policieseconomyFederal ReservePolicies & ImpactsRussiaUSUS NewsWorld
0 Comment
Nearly two thirds of the countries in the world are now “exploring” central bank digital currencies (CBDCs) at one level or another, a new report says. The report, published on Wednesday by Washington-based think tank Atlantic Council, reveals that a total of 130 countries—representing 98 percent of global economy—are taking steps to convert their central…
Ex-Boyfriend of Former NSW Premier Faces Fresh Charge of Brokering for Chinese Property Developer
June 28, 2023
admin
AustraliaBusiness & MarketsChinese property developerCompaniesDaryl MaguireGladys BerejiklianNew South WalesWorld
0 Comment
Daryl Maguire, who allegedly committed visa fraud while serving as a New South Wales (NSW) MP, has been charged with making false and misleading evidence to a corruption inquiry involving a council in Sydney. On June 2, Maguire, a former member of parliament for Wagga Wagga in NSW and the ex-boyfriend of former NSW premier…
-
Recent Posts
-
Archives
- May 2025
- April 2025
- July 2023
- June 2023
- May 2023
- April 2023
- March 2023
- February 2023
- January 2023
- December 2022
- November 2022
- October 2022
- September 2022
- August 2022
- July 2022
- June 2022
- May 2022
- April 2022
- March 2022
- February 2022
- January 2022
- December 2021
- November 2021
- October 2021
- September 2021
- August 2021
- July 2021
- June 2021
- May 2021
- April 2021
- March 2021
- February 2021
- January 2021
- December 2020
- September 2013
- July 2013
- March 2013
- January 2013
- December 2012
- November 2012
- December 1
-
Meta