Business

Australia takes China to WTO over wine duties

Australia will take China before the World Trade Organization over Beijing's imposition of crippling tariffs on Australian wine exports, it announced...

Digital nomads flee virus-hit Manila for shattered tourist towns

After months cooped up in coronavirus-hit Manila, Tanya Mariano fled the Philippine capital to work from the beach, joining a growing number...

Brazil hikes interest rate, eyeing inflation

Brazil's central bank raised its benchmark interest rate by 75 basis points Wednesday, continuing to wind down its pandemic stimulus stance in...

In Portugal, EU chief launches vast Covid recovery fund

European Commission chief Ursula von der Leyen on Wednesday gave Portugal the first green light for its recovery plan seeking funding from the...

UK’s Johnson warns EU of ‘steps’ over N.Irish Brexit trade

Prime Minister Boris Johnson warned Wednesday he will take "necessary steps" to unilaterally alter Britain's post-Brexit trade terms unless the...

Macau follows Hong Kong in shuttering Taiwan office

Macau said Wednesday it was closing its representative office in Taiwan, following neighbouring Hong Kong which made the same move last month...

US, EU strike Airbus-Boeing deal, turn to China ‘challenges’

US President Joe Biden and the EU agreed a long-term truce in the 17-year-old Airbus-Boeing feud Tuesday, putting aside their own disputes to...

Egypt eyes Gaza reconstruction to boost regional clout

Egypt is banking on a $500-million Gaza reconstruction project to shore up its influence in the Middle East, capitalising on clout it garnered...

IMF warns of risks after El Salvador adopts bitcoin

A spokesman for the IMF on Thursday warned of the risks of using bitcoin for day-to-day transactions after El Salvador, which is in negotiations...

EU chiefs to tackle Johnson on N.Ireland dispute at G7

Europe's bitter dispute with Britain over post-Brexit trade rules for Northern Ireland will haunt Prime Minister Boris Johnson's G7 summit this...

Historic drought threatens Brazil’s economy

The worst drought in nearly a century to hit two key regions in Brazil is wreaking havoc on hydroelectric dams and crops -- and threatening the...

El Salvador first country to approve bitcoin as legal tender

Bitcoin is to become legal tender in El Salvador, the country's president said, making it the first nation to adopt a cryptocurrency for everyday...

China accuses US of ‘paranoid delusion’ over huge innovation bill

Beijing on Wednesday accused Washington of "paranoid delusion" after the US Senate passed a sweeping industrial policy bill aimed at countering...

El Salvador approves law to make bitcoin legal tender

The Congress of El Salvador has approved a law that will classify Bitcoin as legal tender in the Central American country, its president said,...

UK urges EU ‘flexibility’ for post-Brexit NIreland trade

Britain and the European Union hold key talks on Wednesday about implementing the Brexit deal, with London urging "flexibility" from Brussels...

Bitcoin proves double-edged sword for criminals

Regulators have repeatedly criticised the growth of cryptocurrencies such as bitcoin because of their popularity with criminals but the technology's...

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