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Donald Trump calls to 'open up' North Sea and get rid of windmills

Oil companies have been steadily exiting the North Sea in recent decades with production declining

China gives govt workers first big pay hike in a decade to boost economy

On a combined basis, the immediate payout would amount to a one-time shot to the economy of between about $12 billion and around $20 billion

Rupee may dip to all-time low on Fed outlook-spurred dollar rally

The dollar index rose 0.7 per cent on Thursday, hitting 109.54, helped by the US jobless claims data

Asian shares rise, dollar at two-year high as US rates, Trump in focus

MSCI's broadest index of Asia-Pacific shares outside Japan was 0.33 per cent higher but on course for a nearly 1 per cent drop for the week

Tesla Cybertruck explodes outside Trump Las Vegas hotel, killing driver

Videos taken by witnesses inside and outside the hotel showed the vehicle exploding and flames pouring out of it, as it sat outside the hotel

Wall Street rises in first trading session of 2025, Tesla stock slides

At 11:41 a.m. ET, the Dow Jones Industrial Average rose 111.85 points, or 0.26%, to 42,656.07, the S&P 500 gained 25.69 points

At 211,000, US weekly unemployment claims declines to eight-month low

"A stable job market will squelch the Fed's appetite for cutting rates aggressively amid nagging services inflation," said Jeffrey Roach, chief economist at LPL Financial

China proposes further export curbs on battery, critical minerals tech

Thursday's announcement does not say when the proposed changes, which are open for public comment until Feb. 1, could come into force

Tesla records 1.1% sales drop for 2024, first annual decline in 9 years

The annual decline for the Austin, Texas, company came despite offers such as 0 per cent financing, free charging and low-priced leases

US ETFs may face obstacles this year after record $1.1 trn inflows in 2024

The inflows were the most in the product's 35-year history and came close to doubling last year's figure of $597 billion.

Europe, Asia's factories end 2024 on weak footing as Trump 2.0 risks mount

U.S. President-elect Trump has pledged to impose tariffs across the board, with bigger barriers on imports from three major trading partners - Mexico, Canada and China

In Norway, nine out of ten new cars sold in 2024 were fully electric

Fully electric vehicles accounted for 88.9% of new cars sold in 2024, up from 82.4% in 2023, data from the Norwegian Road Federation (OFV) showed

Crude oil prices rise on China optimism as investors return after holiday

Xi's New Year address on Tuesday said that China would implement more proactive policies to promote growth in 2025

Chinese EV makers extend buying incentives as price war enters 3rd year

Li Auto announced on Thursday cash subsidies of 15,000 yuan ($2,055) per car purchase as well as a three-year zero-interest financing scheme

Nvidia's market value gets $2 trillion boost in 2024 on AI rally

The chipmaker's market value increased by over $2 trillion last year, reaching $3.28 trillion at the close of 2024

States' fundraising may get expensive amid record borrowing, say investors

Long-term investors such as insurance companies, provident funds and pension funds are major investors for state debt

Asia's factories end 2024 on weak footing as Trump 2.0 risks loom large

US President-elect Trump has pledged to impose big tariffs on imports from three major trading partners Mexico, Canada and China

South Korea police search Jeju Air, airport operator over fatal plane crash

Police investigators are searching the offices of the airport operator and the transportation ministry aviation authority in the southwestern city of Muan

Asian shares stumble as 2025 begins with focus on Trump's policies

The start of the New Year was shaping up to be a less favourable one for equities, as uncertainty over the policies of incoming President Trump

Dollar starts 2025 higher, yen sinks to five-month low on rate concerns

A wide interest rate difference between the US and other economies has cast a shadow over the currency market