South Korea’s economy likely skirted close to a recession at the start of the year, according to a Bloomberg survey, as slower global growth stunted exports and renewed currency weakness helped inflate the country’s import bill.
Australia’s central bank discussed the case for raising interest rates by 25 basis points at its April meeting before deciding there was a stronger argument to pause its almost yearlong tightening cycle and wait for more data on the economy’s outlook.
A slew of Chinese tech companies slid Tuesday after unveiling plans by key shareholders to reduce holdings, chilling sentiment ahead of the earnings season.
The inability of South Africa’s main power producer Eskom Holdings SOC Ltd. to meet demand is not only hurting the continent’s most-industrialized economy but affecting manufacturers on an island more than 2,000 miles away.
The US ambassador to Russia visited detained Wall Street Journal reporter Evan Gershkovich in a Russian prison, more than 2 1/2 weeks since his arrest on spying charges, the US Embassy in Moscow said.
China’s vast oil industry is setting records as the nation’s post-Covid Zero recovery gathers pace and capacity was added.
China’s energy and commodities output roared ahead in March as producers rushed to feed a revival in economic activity.
One of Justin Trudeau’s senior cabinet ministers said the Canadian government is monitoring Glencore Plc’s attempted takeover of Teck Resources Ltd., pointing out that the country benefits from having the headquarters of major companies.
President Joe Biden spoke Monday with Ralph Yarl, the Black teenager who was shot last week after ringing the wrong doorbell.
Elon Musk wants to create a rival to artificial intelligence phenom ChatGPT. In an interview with Tucker Carlson on Monday, Musk confirmed that he has plans to create a “third option” in the AI race between Microsoft Corp.-backed OpenAI and Alphabet Inc.’s Google and DeepMind.
