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Sweden backs EU entry into Pacific trade bloc
Sweden to propose EU membership of Pacific rim free trade group CPTPP

STOCKHOLM, Sweden: Sweden plans to propose that the European Union join the Pacific Rim trading bloc, the CPTPP, aiming to create the...

US inflation slows to 4-year low as food prices fall, rents rise
Lower food prices tame US consumer inflation in April

WASHINGTON, D.C.: In April, U.S. consumer prices went up slightly. Rent costs increased, but food prices went down, which helped keep...

China's passenger car sales rise for third straight month in April
Chinese passenger car sales rise for a third month in April

SHENZHEN, China: China's passenger car sales climbed for the third consecutive month in April, increasing 14.8 percent from a year...

April exports in Taiwan surge ahead of possible US tariffs
Taiwan April exports jump 30% ahead of US tariffs

TAIPEI, Taiwan: Taiwan's exports grew much more than expected in April, as buyers rushed to purchase its high-tech products before...

Microsoft bans Chinese AI app Deepseek over data security fears
Microsoft denies its employees use of China's Deepseek

REDMOND, Washington: Microsoft has prohibited its employees from using Deepseek, a Chinese artificial intelligence app, citing concerns...

Toyota warns of 21% profit drop amid Trump tariffs, weak dollar
Toyota sees 21% full-year profit decline as tariffs take a bite

TOKYO, Japan: Toyota Motor Corp is bracing for a 21 percent decline in full-year profit, as the impact of President Donald Trump's...

Business

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Kraft Heinz to invest $3 billion in US plants despite gloomy outlook
Kraft Heinz investing $3 billion upgrading US manufacturing

CHICAGO, Illinois: Kraft Heinz is committing US$3 billion to revamp its U.S. manufacturing plants, marking its largest investment in...

Sweden backs EU entry into Pacific trade bloc
Sweden to propose EU membership of Pacific rim free trade group CPTPP

STOCKHOLM, Sweden: Sweden plans to propose that the European Union join the Pacific Rim trading bloc, the CPTPP, aiming to create the...

Wall Street surges with major indices making weekly gains
Dow Jones closes 332 points higher Friday amid weekly gains

NEW YORK, New York - U.S. stocks closed higher Friday with all the major indices capping weekly gains in the process. Markets are...

US Energy Department plans major regulatory rollback
Trump's Energy Department unveils broad rule changes to cut red tape

WASHINGTON, D.C.: The U.S. Department of Energy has announced plans to eliminate or amend more than 40 regulations as part of President...

US inflation slows to 4-year low as food prices fall, rents rise
Lower food prices tame US consumer inflation in April

WASHINGTON, D.C.: In April, U.S. consumer prices went up slightly. Rent costs increased, but food prices went down, which helped keep...

US sees absolute decline in international visitor spending
Foreign travel spending in US to decline 7% in 2025, report says

NEW YORK - International travel spending in the United States is projected to decline by 7 percent in 2025, amounting to a US$12.5...

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