SYDNEY: Australia suffered its worst economic downturn on record last quarter as it battled the coronavirus crisis, while fresh outbreaks threaten to upend an already bumpy road to recovery and pile pressure on the government to keep fiscal taps open. Data from the Australian Bureau of Statistics ...
TOKYO: Crude oil futures rose on Wednesday after a more-than-expected draw in U.S. crude stockpiles and as solid U.S. factory data raised optimism of a post-pandemic economic recovery, boosting risk appetite among investors. Brent crude futures were up 33 cents at US$45.91 a barrel as of 0034 GMT ......
President Donald Trump on Tuesday repeated his demand for a piece of the action from any sale of TikTok's US operations for forcing such a deal.
Liberty Oilfield Services' acquisition of Schlumberger's shale fracking business will make it the third-largest oilfield services firm by North American revenue, nudging out Baker Hughes Co in a bet on a shale rebound.
A look at economic headline figures suggest Malaysia’s management of the coronavirus has been impressive, says Stewart Nixon.
The ecological design of buildings to keep spaces cool while minimising the use of electricity helped us live without air-conditioning for a long time, says the Financial Times’ Layli Foroudi.
US actions against Huawei and most recently Tik Tok, will fracture the internet along nationalistic lines that go against the principles of free trade, says this observer.
U.S. employment is projected to increase by 6 million jobs this decade, with the annual growth rate sharply slower than during the economy's recovery from the Great Recession, according to a government report on Tuesday.
US manufacturing activity accelerated to a nearly two-year high in August aided by a surge in new orders, but employment at factories continued to lag amid safety restrictions intended to slow the spread of COVID-19.
The Federal Reserve will need to roll out new efforts "in coming months" to help the economy overcome the impact of the coronavirus pandemic and live up to the U.S. central bank's new promise of stronger job growth and higher inflation, Fed Governor Lael Brainard said on Tuesday.
