Economy

The Reserve Bank of Australia (RBA) kept rates steady at 4.35% on Tuesday, in line with expectations. However, the bank warned about the need to remain vigilant against inflation risks. The decision had little impact on the Australian dollar, with the currency remaining relatively stable. The RBA seems poised to maintain this stance until there

Recently, China has initiated an anti-dumping investigation into imported pork and its by-products from the European Union. This move is believed to be targeted towards countries such as Spain, the Netherlands, and Denmark, in response to restrictions on its electric vehicle exports. The investigation, announced by China’s commerce ministry, will specifically focus on various pork

The European Central Bank policymakers have confirmed that there is currently no plan to discuss emergency purchases of French bonds, despite the recent turmoil in the French financial markets. The sell-off in French government bonds last week has raised concerns among investors, with the risk premium over safer German paper reaching levels not seen since

China Premier Li Keqiang made a quiet yet significant start to his four-day trip to Australia by visiting a South Australian winery and the Adelaide Zoo. During his visit to the zoo, Li announced that China would provide two new pandas to Australia after the current pair return to China later this year. The pandas,

In the lead-up to France’s surprise parliamentary election, both far-right and leftist parties are gaining momentum, putting pressure on President Emmanuel Macron’s centrist administration. The far-right National Rally party, led by Marine Le Pen, is currently leading in opinion polls but is not expected to win an absolute majority. The party has hinted at policies

Italian Prime Minister Giorgia Meloni has managed to walk the fine line between pragmatism and conservatism since taking office in 2022. However, the recent G7 summit she hosted in southern Italy showcased her unwavering stance on issues close to her nationalist heart – particularly those related to family and reproduction rights. In the lead-up to

Brazil’s President Luiz Inacio Lula da Silva expressed his willingness to consider Finance Minister Fernando Haddad’s spending cut proposals. However, he made it clear that any fiscal adjustments should not come at the expense of the poor. This suggests that the president is cautious about implementing measures that could further burden vulnerable populations in the

U.S. Vice President Kamala Harris recently announced in Lucerne, Switzerland, more than $1.5 billion in aid for Ukraine, particularly focusing on the country’s energy sector and addressing the humanitarian crisis stemming from Russia’s 27-month invasion. This announcement came during a Ukraine peace summit, underscoring the significance of the aid package to assist Ukraine in these

Contrary to recent reports that have caused turmoil in Indonesia’s currency and bond markets, it has been clarified by senior aide Thomas Djiwandono that President-elect Prabowo Subianto has no intention of increasing the country’s public debt to 50% of GDP. The speculation that Prabowo aimed to raise the debt-to-GDP ratio to 50% has been denied,

French Finance Minister Bruno Le Maire has issued a warning that France could be on the brink of a financial crisis if the far-right party wins in the upcoming elections. Opinion polls suggest that Marine Le Pen’s National Rally (RN) is gaining traction, with promises to reduce living costs and increase public spending. Le Maire

The recent decision by the European Union to impose tariffs on Chinese electric vehicles has been met with opposition from China and various stakeholders. Despite the EU’s argument regarding overcapacity in China’s EV industry, Beijing and industry insiders are eager to de-escalate the situation and strike a deal to avoid additional costs for Chinese electric

On Thursday, Asian currencies showed strength against a weakened dollar due to softer-than-expected U.S. inflation. The yen, however, remained under pressure ahead of the Bank of Japan meeting as U.S. policymakers indicated that interest rates would remain high. The euro and Aussie dollar both saw significant gains, with the euro rising by 0.6% and the