Coinbase, SEC lock horns in US court over crypto securities
A federal judge in Manhattan on Wednesday grilled Coinbase and the US securities regulator about their divergent views on whether and when digital assets...
US bank profits fall as competition for deposits erodes lending margins
NEW YORK - Several large US regional banks reported lower profits on Wednesday, in a further sign that the income boost from interest rate hikes by...
AI buzzes Davos, but CEOs wrestle with how to make it pay
DAVOS, Switzerland - Bright banners tout the promise of artificial intelligence along the main promenade of Davos, but executives at the World Economic Forum (WEF) say...
Tesla slashes Model Y prices in Europe after China price cuts
Tesla has slashed prices of its Model Y cars across Europe including in Germany, a week after the company cut prices in China in the...
What is the outlook for UK inflation in 2024?
LONDON - British inflation edged up in December to 4.0% from November's 3.9%, according to figures released on Wednesday, but many economists think it could return to...
China’s Q4 GDP shows a patchy recovery, raises case for stimulus
BEIJING — China’s economy grew slightly slower than expected in the fourth quarter (Q4), with a deepening property crisis, mounting deflationary pressures and weak...
Norway wealth fund CEO at Davos sees slow investment returns in 2024
DAVOS, Switzerland — The chief executive officer (CEO) of Norway’s $1.5-trillion sovereign wealth fund, the world’s largest, told Reuters on Tuesday that return on...
Canada’s planned curbs on overseas student work may hurt tight job market
TORONTO — Canada’s planned curbs on work by international students could spark shortages of temporary workers in food services and retail industries as employers...
France to reform parental leave after births hit postwar low
PARIS — French President Emmanuel Macron promised on Tuesday to overhaul parental leave so it pays better after France saw the lowest number of...
Philippines bans poultry imports from California, Ohio to prevent bird flu spread
MANILA — The Philippines' farm ministry said on Wednesday it has banned poultry imports from California and Ohio in the United States because of...
Malaysia to review migrant labor deals to stamp out exploitation
KUALA LUMPUR— Malaysia will review bilateral agreements with 15 nations from which it sources laborers in a bid to address exploitative practices and manpower...
China’s population drops for 2nd year, raises long-term growth concerns
BEIJING — China's population fell for a second consecutive year in 2023, as a record low birth rate and a wave of COVID-19 deaths...