BUSINESS

Asian Markets Boosted By Fed Chief's Rate Cut Talk

The yen extended recent gains on the prospect of US interest rates coming down as Japanese borrowing costs rise
Most Asian equities rose with the yen on Monday after US Federal Reserve boss Jerome Powell said "the time has come" to start cutting interest rates, lining up the central bank for a move as soon as next month.

Venezuela Opposition Candidate Due In Court Over Election Dispute

Police officers take cover from demonstrators during an anti-Maduro protest in Caracas on July 29, 2024
Venezuelan opposition candidate Edmundo Gonzalez Urrutia, in hiding since shortly after the country's disputed presidential election, is due to appear in court Monday in a criminal investigation launched by officials considered close to President Nicolas Maduro.
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Kamala Harris has vowed 'not to be silent' about the suffering of Palestininans

Can Harris Win Back Michigan's Crucial Muslim Vote?

In key US swing state Michigan, Democratic voters of Arab and Middle Eastern heritage say Kamala Harris is going to have to win them back, after they were alienated by President Joe Biden's handling of Israel's military offensive in Gaza.
A decade ago NASA chose two companies, Boeing and SpaceX, to each develop a new spacecraft capable of transporting its astronauts to the International Space Station

Boeing's Starliner: A Saga Marked By Setbacks

The decision to transfer the crew of Boeing's Starliner to a SpaceX mission after the spacecraft malfunctioned is just the latest twist in a long saga that has undermined the credibility of the US aerospace giant.
Astronauts who traveled to the International Space Station on Boeing's Starliner spacecraft will return to Earth on a vessel made by upstart rival SpaceX -- a major embarrassment for the legacy aerospace giant

Boeing's Rescue By Rival SpaceX 'Embarrassing' And Ill-timed

SpaceX is coming to Boeing's rescue. Because of problems with Boeing's Starliner spacecraft, two astronauts who rode on it to the International Space Station in June will finally return to Earth on a vessel built by Elon Musk's SpaceX. NASA's announcement Saturday of that plan represents a blow -- even a humiliation -- for Boeing, a historic partner of the American space agency.
Pro-Palestinian protesters march in Chicago during the Democratic National Convention

Harris Pitches Muscular Foreign Policy, And Nuance On Gaza

Kamala Harris is making her pitch to voters as a muscular defender of US interests while aiming for nuance on the painful issue of Gaza -- hoping to cover vulnerabilities and to paint Republican Donald Trump as the more risky candidate on national security.
Shares in Alibaba have plunged since China began a crackdown on the tech sector four years ago

Alibaba To Upgrade Hong Kong Listing Amid Profit Drop

Chinese e-commerce giant Alibaba said Friday it would upgrade its Hong Kong-listed shares to primary status, opening it up to China's huge army of investors that could potentially rake in billions of dollars for the firm.
Traders are hoping Federal Reserve chief Jerome Powell signals an interest rate cut in his speech at Jackson Hole

Asian Stocks Slip With Wall St Ahead Of Powell, Yen Rises

Asian investors jockeyed for position ahead of a much-anticipated speech by Federal Reserve boss Jerome Powell later Friday, as the dollar weakened amid speculation about how big an expected interest rate cut next month could be.
Map of Iceland locating the town of Grindavik, near where a new volcanic eruption occurred on August 22.

Volcano Erupts In Iceland, Sixth Since December

A new volcano erupted on the Reykjanes peninsula in southwestern Iceland late Thursday, spewing hot lava into the air in the sixth eruption to hit the region since December, authorities said.

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