Gasoline and diesel prices this week are to remain unchanged from last week, CPC Corp, Taiwan (CPC, 台灣中油) and Formosa Petrochemical Corp (台塑石化) said yesterday, despite a fall in international crude prices last week.Gasoline prices at CPC and Formosa stations are to remain at NT$29.6, NT$31.1 and NT$
The US Federal Reserve is expected to announce a pause in rate cuts on Wednesday, as policymakers look to continue tackling inflation under close and vocal scrutiny from US President Donald Trump.The Fed cut its key lending rate by a full percentage point in the final four months of last year and in
Taiwan’s tax revenue as a percentage of GDP was 14.7 percent last year, a 0.1 percentage point increase from the previous year and the highest in 26 years, the Ministry of Finance said on Friday.The tax-to-GDP ratio gauges the proportion of a nation’s total output collected by the government through
Sales generated by the wholesale sector increased 8.8 percent year-on-year last year to NT$12.95 billion (US$396.24 million), the highest level on record and reversing the previous year’s decline of 6.9 percent, the Ministry of Economic Affairs said on Thursday.The growth in the sector’s annual sale
REDUCED HEADCOUNT: Private-sector employers have shed more than 150,000 employees since last July, most of which were from the hospitality, retail and manufacturing
UK businesses have run down a mountain of cash reserves built up during the COVID-19 pandemic, leaving them more likely to cut jobs when the Labour Party’s tax hikes come into effect in April.Firms added more than ￡150 billion (US$187.19 billion) to their savings when the economy was placed under CO
PUSHBACK: Despite increasing calls from regulators, dealmakers and governments that more radical combinations are needed, European banks are still resisting consolidation
Heading into the World Economic Forum, the thinking was it would be the perfect place for many of the biggest deals in the works among Europe’s lenders to inch their way into existence.There was Banco Bilbao Vizcaya Argentaria SA’s (BBVA) takeover offer for its smaller rival, Banco de Sabadell SA, f
Texas Instruments Inc’s shares declined the most in nearly five years on Friday after the chipmaker gave a disappointing earnings forecast for the current period, hurt by still-sluggish demand and higher manufacturing costs.Profit will be US$0.94 to US$1.16 a share in the first quarter, the company
Nissan Motor Co might slow a planned ramp-up of electric vehicles (EVs) made in the US after halting output at a joint venture in Mexico, signaling unease about energy and trade policies under US President Donald Trump’s second administration.The start date and production levels for battery-powered
US President Donald Trump has long ranted against wind energy — saying turbines are unsightly, dangerous to wildlife and too expensive — with him threatening to upend decades of industry progress just a few hours after resuming power.“We’re not going to do the wind thing,” Trump said on Monday last
Many Thais still disapprove of the government’s plan to allow investments in casinos and the legalization of online gambling as Thai Prime Minister Paetongtarn Shinawatra sought to assure citizens the initiative would bring economic benefits.About 59 percent of respondents said they disagreed with i
‘A VIRTUOUS CYCLE’: Getting more organizations and people familiar with AI makes for better AI policy and opens new opportunities, an Alphabet executive said
Alphabet Inc’s Google, already facing an unprecedented regulatory onslaught, is looking to shape public perception and policies on artificial intelligence (AI) ahead of a global wave of AI regulation.A key priority comes in building out educational programs to train the workforce on AI, an Alphabet
A handicraft vendor displays his wares at a market in Beijing yesterday.
Visitors watch costumed divers perform a traditional Chinese lion dance at the Aquaria KLCC oceanarium in Kuala Lumpur yesterday, ahead of the Lunar New Year of the Snake which begins on Wednesday.
‘FURTHER TO CLIMB’: The US dollar on Friday had its biggest weekly loss since 2023, having lost 1.8 percent since Monday, but analysts expect it to rebound
The US dollar slid on Friday and was set for its biggest weekly loss in more than a year after US President Donald Trump suggested a softer stance on tariffs against China, adding to uncertainty about the trade policy that kept equity markets on edge.Trump told Fox News on Thursday that his recent c
NextEra Energy Inc, one of the world’s biggest suppliers of wind and solar power, is seeking to expand its natural gas and nuclear generation in a bid to meet the surging demand for electricity sparked by artificial intelligence (AI).The company has partnered with gas turbine manufacturer GE Vernova
‘DEFINING YEAR’: The announcement comes just days after Donald Trump announced a US$500 billion AI investment in the US led by Softbank and OpenAI
Meta chief executive officer Mark Zuckerberg on Friday said the tech giant plans to invest at least US$60 billion in artificial intelligence (AI) this year, aiming to lead in the technology.“This will be a defining year for AI,” Zuckerberg wrote on Facebook.Zuckerberg expects Meta AI to be the top d
The EU has resumed its case against China at the WTO over allegations of economic coercion targeting Lithuania, an EU official said. Bloomberg reported on Wednesday that the EU was expected to resume the case this week following a one-year suspension. It might re-suspend the proceedings again as ear
China’s government failed to meet its spending target for last year, as the housing market slump left local governments strapped for cash and unable to meet funding commitments.Total augmented spending was 38.6 trillion yuan (US$5.4 trillion) for last year, a statement from the Chinese Ministry of F
Currency traders looking for their next big idea could do worse than talk to Wong, who runs a news stand in Hong Kong’s Central District.Her business is one of many street stalls that line the city’s busy financial quarter, selling newspapers, magazines and bottled water to everyone from well-heeled
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