News
Asia stock markets slide on US interest rate fears
Shares in Asia have fallen after the chairman of the US central bank said it would continue to raise interest rates to tackle soaring prices.
Covid: Qantas says pandemic 'existential crisis' is over
The national carriers of Australia and New Zealand say that the worst of the coronavirus crisis is now behind them, even as they posted annual losses for a third year in a row.
Dollar hits 20-year high as markets hunker down for higher rates for longer
The U.S dollar climbed to a 20-year high against other major currencies on Monday after Federal Reserve Chair Jerome Powell signalled interest rates would be kept higher for longer to bring down soaring inflation.
China's Taiwan war games threaten more global supply chain disruption
BEIJING: Chinese military exercises around Taiwan are set to disrupt one of the world's busiest shipping zones, analysts told AFP, highlighting the island's critical position in already stretched global supply chains.
Oil output to see small hike to ease energy prices
The world's biggest oil producers have agreed to raise production slightly in a bid help ease high prices. Members of oil producers' group Opec+ - which includes Russia - agreed on Wednesday to add 100,000 more barrels per day to the market from September
Shipping firm Maersk, a barometer for global trade, warns of weak demand and warehouses filling up
AP Moller-Maersk on Wednesday predicted a slowdown in global shipping container demand this year amid weakening consumer confidence and supply chain congestion.
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