BUSINESS

US Fed's Favored Inflation Gauge Ticks Up In October

Health care was responsible for the largest increase in the services index last month
US inflation -- set to be a key issue for incoming president Donald Trump -- accelerated slightly last month, according to data published Wednesday, underscoring price pressures in the world's largest economy.

New Clashes In Mozambique As Two Reported Killed

A Mozambique soldier tries to put out a burning tyre during a protest in Maputo Wednesday
Anti-government protesters and security forces clashed in Mozambique Wednesday with two people reported killed in a northern city and a military vehicle mowing down another in the capital during fresh demonstrations in support of the opposition leader disputing October elections.
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People walk past burning tires, during a demonstration against insecurity in Port-au-Prince, Haiti, August 19, 2024

Five Forgotten Conflicts Of 2024

The wars in the Mideast and Ukraine-Russia have dominated world headlines in 2024 but several other conflicts are ravaging countries and regions.
France's Emmanuel Macron (L) and Germany's Olaf Scholz have suffered electoral setbacks this year

Bumper Election Year Brings Headwinds For Liberal Democracies

Voting by more than half the world's population in 2024 elections has left many liberal democracies facing crises of confidence, political fragmentation and heightened polarisation, with some observers fearing new wind in the sails of authoritarianism.
Bitcoin has fallen to around $92,500, having come close to the $100,000 mark at the end of last week

Asian Markets Mixed As Traders Eye Fresh Trade Tensions

Asian markets were mixed Wednesday as traders tried to gauge the economic outlook after Donald Trump picked a tough-negotiating hawk as his trade envoy the day after saying he would hit China, Canada and Mexico with hefty tariffs.
Next year -- 2025 -- could prove a crucial one for the future of the high seas, as momentum grows on a moratorium against deep-sea mining even as companies launch applications to do so

Future Of Deep-sea Mining Stands At A Crucial Juncture

Torn between the defenders of the world's seabeds and industrialists eager to exploit the vast, untapped resources of the deep, the international community faces a crucial year that could decide the future of mining in the high seas.
Construction workers on site at a new apartment complex being built in Alhambra, California on September 6, 2023

Sales Of New US Homes Lowest In Around Two Years: Govt

New home sales in the United States fell short of analyst expectations in October, hitting the lowest rate since late 2022, according to government data released Tuesday, with mortgage rates ticking up during the month.
Donald Trump announced on social media that he would impose import tariffs across the board of 25 percent on Mexico and Canada

Trump Brings Back Government By Social Media

He is not yet in power but President-elect Donald Trump rattled much of the world with an off-hours warning of stiff tariffs on close allies and China -- a loud hint that Trump-style government by social media post is coming back.
Canadian Prime Minister Justin Trudeau (L) and then-US President Donald Trump, seen here at the White House in 2017, spoke shortly after the Republican announced the tariffs

Trump Tariffs Threat Casts Chill Over Canada

Canada was scrambling Tuesday to blunt the impact of US President-elect Donald Trump's threat to implement steep tariffs once he takes office, as experts warned of a potentially "catastrophic" hit to the Canadian economy.

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