(Reuters) -The trading debut of $WLFI, a token linked to a cryptocurrency venture affiliated with U.S. President Donald Trump’s sons, has cast a spotlight on the family’s growing footprint in the space. Cryptocurrency has become a recurring theme in the family’s business empire, even as critics have flagged potential conflicts of interest given Trump’s pledge …
Factbox-From coins to miners: Trump family’s crypto playbook Read More »
(Reuters) -Holiday spending by U.S. consumers is set for its steepest drop since the pandemic as shoppers — particularly Gen Z — pull back amid economic uncertainty, a PricewaterhouseCoopers survey showed. PwC, which polled about 4,000 U.S. consumers between June and July, said shoppers on average plan to spend about $1,552 per person, down 5.3% …
U.S. holiday spending set for steepest drop since pandemic, PwC survey shows Read More »
SYDNEY (Reuters) -Australia’s central bank is exploring how emerging technologies like artificial intelligence could influence the economy, with possible implications for inflation and the labour market, its governor said on Wednesday. In a speech in Perth, Reserve Bank of Australia (RBA) Governor Michele Bullock said there was a lot of uncertainty about how the technological …
Australia’s central bank exploring how AI can affect economy, governor says Read More »
(Reuters) -U.S. communications solutions provider iBASIS has signed a deal with Australia’s Telstra Group to acquire wholesale voice, mobile, and messaging customer contracts from Telstra International, it said on Wednesday. The acquisition, expected to close before year-end 2025, marks the establishment of iBASIS’ presence in Australia and New Zealand, expanding its footprint in the Asia-Pacific …
iBASIS to buy assets from Australia’s Telstra Group Read More »
By Jody Godoy and Mike Scarcella (Reuters) -Google won’t have to sell its Chrome browser, a judge in Washington said on Tuesday, handing a rare win to Big Tech in its battle with U.S. antitrust enforcers, but ordering Google to share data with rivals to open up competition in online search. Google parent Alphabet’s shares …
Google keeps Chrome and Apple deal but must share data in big antitrust ruling Read More »
By Philip Blenkinsop BRUSSELS (Reuters) -The following are details of a trade accord between the EU and South America’s Mercosur bloc. The European Commission is set to formally propose the deal on Wednesday for approval by the EU’s parliament and member states. TARIFF CUTS, LARGER FARM PRODUCE QUOTAS Mercosur will remove duties on 91% of …
Factbox-What’s in the EU-Mercosur deal and why is it contentious? Read More »
SEOUL (Reuters) -The union of South Korean carmaker Hyundai Motor will stage partial strikes over three days this week at plants across South Korea, in a push for shorter working hours and higher wages, according to a notice sent to members of the union. The company’s Korean union, which has about 40,000 members, will launch …
Hyundai Motor union launches strikes in South Korea over wages, working hours Read More »
By Stella Qiu SYDNEY (Reuters) -Australia’s economy grew at the fastest annual pace in almost two years in the second quarter as consumers finally started spending after multiple rate cuts, taking over from the government as the main driver of growth. The Reserve Bank of Australia has reduced rates three times since February to 3.6% …
Australia’s Q2 GDP growth quickens to 2-year high as consumers open wallets Read More »
By Marcela Ayres BRASILIA (Reuters) -Brazil’s Treasury on Tuesday made its third foreign debt sale of the year, marking the first time since 2014 that Latin America’s largest economy has conducted more than two external bond sales in a single year. The country launched a new 30-year note and reopened an existing five-year benchmark, the …
Brazil taps global markets for third debt sale of 2025, the most in a decade Read More »
By Daniel Wiessner (Reuters) -Federal Reserve Governor Lisa Cook on Tuesday laid out in greater detail her opposition to President Donald Trump’s bid to remove her from office, saying it was too late to fire her for mortgage information she disclosed during her confirmation process. In a filing in U.S. District Court, Cook said she …
Fed Governor Cook says mortgage ‘contradictions’ do not justify removal by Trump Read More »
