Economy

Economy

X suspends business in Brazil over censorship row

X, formerly known as Twitter, has closed its office in Brazil over a censorship row. The social media platform said a Brazilian Supreme Court judge, Alexandre de Moraes, threatened its legal representative in Brazil with arrest if it did not comply with his “censorship orders”. Brazil’s Supreme Court has not commented. People in Brazil are […]

Economy

Thousands of train fare prosecutions to be quashed

As many as 74,000 prosecutions for alleged rail fare evasion in England and Wales are set to be quashed following a landmark ruling. UK rail companies had been fast-tracking alleged ticket dodging offences using a process called the single justice procedure (SJP), which allows magistrates’ hearings to be held behind closed doors. But on Thursday,

Economy

‘Nothing stopping’ child abuse image sharing on WhatsApp, group warns

Nothing is stopping child sexual abuse imagery spreading on WhatsApp, a safety group has warned. The Internet Watch Foundation (IWF) is calling on Meta, which owns WhatsApp, to do more to protect children and put mechanisms in place. The group suggested these mechanisms could stop the spread of material like the content sent to disgraced BBC

Economy

What are the drugs affected by Medicare deal to lower costs?

A negotiation between Medicare and drug companies will lower prescription costs for users of the federal health insurance program come 2026. The Biden-Harris administration announced on Thursday an agreement to lower prices for 10 drugs that are some of the most expensive and common in the Medicare program. Medicare drug price discounts agreed range from

Economy

North Korea to reopen for tourism after five years

Air Koryo planes are lined up at the airport in Samjiyon, North Korea in this file photo North Korea will reopen one city to foreign tourists in December after nearly five years of border closures due to the Covid pandemic, according to tour operators. At least two China-based operators announced that tourists will soon be

Economy

£13.5m to help firms hit by Tata steel job losses

Tata starts voluntery process in indian economy The first money from a £100m fund to help workers and firms affected by restructuring plans at Tata’s Port Talbot steel plant is being released, UK ministers will announce on Thursday. Tata closed one of its two blast furnaces on the site last month and plans to shut

Economy

A new Kashmir rail bridge that could be a game-changer for India

The world’s highest single-arch rail bridge is set to connect the valley region in Indian-administered Kashmir with the rest of the country by train for the first time. It took more than 20 years for the Indian railways to finish the bridge over the River Chenab in the Reasi district of Jammu. The showpiece infrastructure

Economy

Boeing names new CEO after losses more than triple

Boeing 777 freighters and 777X under construction at its Washington state factor Boeing named a new CEO Wednesday after reporting a core operating loss of $1.4 billion in the second quarter — more than triple the loss from a year ago — as increased scrutiny of the safety and quality of its planes kept the troubled company from

Economy

Trump says he ‘made a lot of money’ so he should have a say in when you get a rate cut

Republican presidential candidate former President Donald Trump speaks during a press conference at his Mar-a-Lago estate.  Throughout his presidency, Donald Trump tried to pressure the Federal Reserve into cutting rates — a breach of protocol that threatened to undermine the independence of the central bank and its ability to keep jobs booming and inflation low. If reelected,

Economy

How Elon Musk has turned X into a pro-Trump machine

Chief Technology Officer of X Elon Musk speaks onstage during the “Exploring the New Frontiers of Innovation: Mark Read in Conversation with Elon Musk” session in Cannes, France on June 19, 2024. Nearly two years after Elon Musk bought Twitter and turned it into X, the billionaire is leveraging its power as a source of

Economy

Canadian tariffs on Chinese EVs should look like the United States’, not Europe’s: Heather Exner-Pirot for Inside Policy

(This article was originally submitted as a letter to the Department of Finance’s Consultations on potential policy responses to unfair Chinese trade practices in electric vehicles.) China is now, beyond a doubt, engaged in dumping and subsidizing a range of clean technologies to manipulate global markets. The remaining question is: How should Canada respond? The Finance

Economy

Japan takes a soft diplomatic approach to ASEAN ties: Stephen Nagy in the Japan Times

Southeast Asia’s changing dynamics force Tokyo to balance its role amid U.S.-China competition. The Association of Southeast Asian Nations was said to be the driver of Asia-Pacific’s regional economic integration in the wake of the 1997 Asian Financial Crisis. There was an informal agreement between the 10 ASEAN members and Japan, South Korea and China

Economy

Chinese company to invest $1.26 million in packaging industry

Chinese company Baida Industrial Company Limited is going to set up a Printed Materials and Packaging Products manufacturing industry in Uttara Export Processing Zone (UEPZ) with an investment of $1.26 million. The company signed an agreement with Bangladesh Export Processing Zones Authority (BEPZA) to this effect at BEPZA Complex, Dhaka on Tuesday (30 July), reads

Economy

Bangladesh economy under pressure amid ‘uncharted’ political turmoil

Hopes that interim government under Muhammad Yunus can restore stability and address country’s inequalities. The student protests that have rocked Bangladesh since July 1 and led Prime Minister Sheikh Hasina to flee in the middle of the night in a helicopter to New Delhi have battered the domestic economy, with losses estimated at billions of

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