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China's consumer prices stall in 2024 due to feeble domestic demand

A combination of job insecurity, a prolonged housing downturn, debt and tariff threats from the incoming administration of US President-elect Donald Trump has hit demand

Oil prices edge down for second day straight on rising US fuel inventories

Both benchmarks fell more than 1 per cent on Wednesday as a stronger dollar and the bigger-than-expected rise in US fuel stockpiles weighed on prices

Apollo plans to expand in Japan, add staff to its Asia wealth business

The New York-based asset manager aims to add around 10 people in Japan to accelerate its expansion in the country

US settles with Johns Hopkins over 'discrimination' against Arabs, Jews

The university has agreed to review its anti-harassment policies and to provide training to staff and students

Apple clarifies Siri privacy stance after $95 mn class action settlement

The iPhone maker last week paid $95 million to settle a class action lawsuit in which plaintiffs alleged it routinely recorded their private conversations

Hyundai Motor to invest record $16.7 billion in South Korea this year

The planned investment by Hyundai Motor Group includes 11.5 trillion won in research and development for next-generation products

Second US port strike averted as union, employers reach tentative deal

United States Maritime Alliance (USMX) employer group and the International Longshoremen's Association (ILA), in a joint statement, called the agreement a win-win

Damage, economic loss from California wildfire estimates top $50 bn

Raging wildfires in Los Angeles killed at least two people, destroyed hundreds of buildings and stretched firefighting resources

Plan for Mexico truck factory ongoing despite US tariff threat: Volvo CEO

The maker of Volvo and Mack semi-trucks has targeted growth in North America, which accounts for about 30 per cent of company revenue

Asian bond selloff eases, stocks drop amid focus on UK gilts, US policy

Selling in stocks continued though, with most Asian share indexes ticking down in early trading

Las Vegas Cybertruck suspect used ChatGPT to plan blast, say police

The Las Vegas Metropolitan Police Department said on Tuesday the Cybertruck blast was the first incident on U.S. soil where ChatGPT had been used to build an explosive device

US weekly jobless claims fall to 11-month low on stable labour market

Signs of a steadily cooling labor market could allow the Federal Reserve to keep interest rates unchanged in January against the backdrop of still high inflation

Greenland may become independent, but not a US state, says Denmark

Greenland's leader held talks on Wednesday with the Danish king in Copenhagen, a day after Trump's remarks thrust the fate of the Danish-ruled island to the top of world headlines

Donald Trump mulls economic emergency declaration to allow for new tariffs

"Nothing is off the table," a source familiar with the matter told CNN, acknowledging that a discussion had taken place over declaring a national emergency

US stocks dip as investors assess data, Trump's economic emergency plan

A majority of the 11 S&P 500 sectors were in the red, led by a 1 per cent decline in utilities, pressured by Treasury yields which stood at multi-month highs

UK's long-term borrowing costs jump to highest level since 1998. Here's why

The yield on 30-year British gilts rose sharply on Tuesday and again on Wednesday, outpacing increases for other governments' bonds and hitting its highest since August 1998 at 5.383 per cent

Prez-elect Trump asks SC to halt sentencing in New York hush money case

The Supreme Court ordered prosecutors to respond to the request by Thursday morning, signaling that the justices may act quickly on the matter

US wholesale inventories fall 0.2% amid sharp decline in mfg goods' stocks

Motor vehicle inventories declined 2.2 per cent while those of computer equipment fell 1.3 per cent. There were also decreases in stocks of machinery

More cuts likely though timing depends on inflation front: Fed's Waller

Waller said that while it was true inflation "appears to have stalled" above the Fed's 2% target in the waning months of 2024

Shell trims LNG production outlook for Q4, warns of weaker oil, gas trading

Shell also said it would take $1.5 billion to $3 billion of non-cash, post-tax impairments, including up to $1.2 billion in its renewables division, linked to European and North American assets