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Economy

China’s July home prices fall at a slower pace as state support shows ‘some effect’

by Anas Siddiqui
China’s July home prices fall at a slower pace as state support shows ‘some effect’

Home prices across China suffered a 14th consecutive month of decline in July, a sign that authorities’ rescue package has done little to revive sentiment. Prices of new homes in …

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Harris to propose federal ban on ‘corporate price-gouging’ in food and groceries

by Vera Ward
Harris to propose federal ban on ‘corporate price-gouging’ in food and groceries

U.S. Vice President Kamala Harris delivers remarks during a campaign event at West Allis Central High School, in West Allis, Wisconsin, U.S., July 23, 2024.  Vincent Alban | Reuters WASHINGTON …

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Telstra profits fall 13 per cent but digging out old tech nets $110m

by Walter Watson
Telstra profits fall 13 per cent but digging out old tech nets 0m

Telstra’s profits have fallen 13 per cent despite 500,000 new mobile customers coming on-board. The telco giant posted its annual results on Thursday morning, showing profits slipped to $1.78bn. Just …

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Inflation drops to a 3-year-low, clearing way for rate cuts

by Vera Ward
Inflation drops to a 3-year-low, clearing way for rate cuts

By Christopher Rugaber | Associated Press WASHINGTON — Year-over-year inflation reached its lowest level in more than three years in July, the latest sign that the worst price spike in …

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Alaska Airlines flight attendants reject new contract

by Franz Hernandez
Alaska Airlines flight attendants reject new contract

An Alaska Airlines Boeing 737-900ER aircraft on the tarmac at Seattle-Tacoma International Airport (SEA) in Seattle, Washington, US, on Monday, Jan. 22, 2024.  David Ryder | Bloomberg | Getty Images …

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Inflation reports clear way for Fed to cut, but how much is still the question

by Ron Morgan
Inflation reports clear way for Fed to cut, but how much is still the question

Leading into this week’s inflation reports, the question wasn’t whether the door would be open for interest rate cuts, but rather if the Fed would choose to creep inside or …

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Annual inflation rate slows to 2.9%, lowest since 2021

by Walter Watson
Annual inflation rate slows to 2.9%, lowest since 2021

Inflation rose as expected in July, driven by higher housing-related costs, according to a Labor Department report Wednesday that is likely to keep an interest rate cut on the table …

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The Studios at Esplanade, Singapore explores the past and present through performing arts

by Haddis Thomas
The Studios at Esplanade, Singapore explores the past and present through performing arts

In today’s world it is all too easy to be overwhelmed by the depressing news of global unrest, growing isolationism and environmental decline. With so much at stake, the arts …

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CBA warns of downside risks as profit slips to $9.8b

by Anas Siddiqui
CBA warns of downside risks as profit slips to .8b

Commonwealth Bank of Australia is bracing for a mild economic downturn as higher interest rates constrain growth and demand. And the bank’s boss has warned the effects of the Reserve …

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Monaco hosts E1, a new racing competition using all-electric boats

by Franz Hernandez
Monaco hosts E1, a new racing competition using all-electric boats

Monaco’s connection to car racing and boating is stamped all over it, from the hairpin turns of its Formula One circuit to the five-deck superyachts docked at Port Hercule. But …

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