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The 10-year Treasury yield was little changed on Friday as investors weighed mixed economic data and assessed the state of the economy. The yield on the 10-year Treasury sat at 4.428%, down less than 1 basis point. The 2-year Treasury yield was last trading at 4.375% after rising more than 2 basis points. Yields and […]
The 2024 U.S. election concluded decisively, with Republicans securing a sweeping victory. Not only did Donald Trump win reelection to the White House, but Republicans also won the popular vote, traditionally a Democratic consolation prize. With Republican control of both the presidency and Congress, plus their advantage in Supreme Court judges, the Democratic Party’s defeat […]
Hong Kong’s Hospital Authority has proposed holding senior managers at public healthcare facilities accountable for blunders that happen on their watch as part of wide-ranging reforms aimed at better defining roles and reducing the risk of potentially life-threatening mistakes. The authority also suggested on Friday that hospitals make better use of technology to ease the […]
On Wednesday, Gautam Adani was charged by US prosecutors in a massive bribery scheme. The charges have spurred an investor revolt and at least one customer to back out of major deals. Adani is the 2nd-richest person in India, behind Mukesh Ambani. Gautam Adani, the second-richest person in India, is facing bribery charges in the […]
While it’s well off its peak, manufacturing remains one of the largest sectors of the U.S. economy, contributing to about 10% of the country’s overall output. But global supply chain dynamics make it difficult to measure precisely which products qualify as “made in America,” according to the U.S. Commerce Department. That’s because much domestic manufacturing […]
By AFP As civil war pounds Myanmar’s economy and drives up prices, garment worker Ma Wai Wai often starts her shift making clothes for international brands on an empty stomach. The orders she and thousands of others churn out for big names including Adidas, H&M and others bring in billions of dollars in export earnings […]
Myanmar reported exports of over US$3 billion, while the EU cited higher figures, with more than half going to the bloc. (EPA Images pic) YANGON: As civil war pounds Myanmar’s economy and drives up prices, garment worker Wai Wai often starts her shift making clothes for international brands on an empty stomach. The orders she and […]
Donald Trump’s policy to introduce tariffs will have a negative impact on the Australian economy but there are ways to diversify and increase Australia’s capacity to deal with Trump’s tariffs, writes Craig Hill. EVEN THOUGH TRUMP SAYS he’s going to do a lot of things, in reality he is usually constrained by the checks and balances in […]
Trump allies say they will ‘liberate individuals and businesses from illicit regulations never passed by Congress’. Elon Musk and Vivek Ramaswamy, United States President-elect Donald Trump’s incoming “efficiency” tsars, have outlined plans for a “drastic reduction” in regulations and “mass head-count reductions”. In an op-ed in the Wall Street Journal on Wednesday, Musk and Ramaswamy […]
A civil war is devastating Myanmar, but thousands of garment workers in the country still churn out clothing for brands like Adidas and H&M. Photo: Ye Aung THU / AFP/FileSource: AFP As civil war pounds Myanmar’s economy and drives up prices, garment worker Wai Wai often starts her shift making clothes for international brands on […]