Finance & markets, Policy & regulation, Consumer, Games
473 storiesUS 10- and 30-year Treasury yields hit 24-year highs as global bond sell-off deepens
Yields on 10- and 30-year U.S. Treasury bonds hit 24-year highs on Wednesday, with the 10-year reaching 5.36% and the 30-year 5.73%, as a global bond sell-off deepened. Yields eased later after a strongly bid $39 billion auction of 10-year …
Trump signs order allowing tax-free red-dyed diesel on highways
President Donald Trump signed an executive order on Monday temporarily allowing off-road red-dyed diesel to be used for highway driving and deferring the federal excise tax on that fuel through the end of 2026 without interest or penalties.…
Korean court suspends market-cap delisting decisions; exchange halts two more exits
Seoul Southern District Court Civil Division 51 granted injunctions on Oct 2 suspending the Korea Exchange's delisting decisions against KOSPI-listed Joo Yeon Tech and KOSDAQ-listed KM Pharma until a main ruling. The court questioned the 45…
Russian stock indices rise; MOEX up 1.43% at midday
Russian stock indices rose on 5 October, with the Moscow Exchange index up 1.43% from the previous close to 2,309.86 as of 12:00 Moscow time, according to Vedomosti. The RTS index rose 1.43% to 871.61 and exchange trading volume totalled 37…
Defense minister: arts, sports military service exemption to be cut and abolished
South Korea's defense minister said on Oct 7 that the goal is to gradually reduce the arts and sports military service exemption and ultimately abolish it, after controversy over remarks by Asian Games football gold medallists about the exe…
Kazakhstan considers blocking social media accounts of children under 16
Kazakhstan's government has prepared amendments restricting online platforms for users under 16, and Prime Minister Olzhas Bektenov said in a reply to a parliamentary inquiry that temporarily blocking social media accounts of children under…
South Korea unveils 1,000 trillion won green transition plan to 2035
South Korea announced a “Korean-style Green Transition” (K-GX) strategy on Oct 7, pledging about 1,000 trillion won over ten years to 2035 — 200 trillion won in fiscal support and more than 790 trillion won in climate finance through five p…
Moscow court fines Zoom 65.9 million rubles for repeat violation of Russian law
A Moscow court fined Zoom about 65.9 million rubles (65,936,494 rubles) for a repeat violation of Russian legislation on foreign internet companies, Interfax, Vedomosti and Kommersant reported. The case was heard under part 3 of article 13.…
South Korea's Lee orders CPTPP talks restarted from the beginning amid farm concerns
President Lee Jae-myung instructed at a cabinet meeting on Oct 6 that the government should not fix a conclusion on joining the CPTPP and should “restart dialogue from the beginning,” saying the pact's strategic value is cited alongside ver…
Russia proposes letting businesses register at an email address
Deputy Prime Minister Dmitry Grigorenko said a draft law has been prepared that would allow legal entities to register a business using an address in a state email system for official correspondence instead of a physical address. He said th…
US 10-year Treasury yield hits 5.362%, highest since 2002, as selloff resumes
On Oct 7 the US Treasury selloff resumed, with the 10-year yield rising to 5.362% intraday and the 30-year to 5.731%, both the highest since 2002, according to Yonhap. The move extends a record quarterly rise and is driven by inflation pres…
Amazon's Prime Big Deal Days Begin With Discounts on Apple Macs, AirPods and iPads
Amazon's fall Prime Big Deal Days sale is live, with early discounts on Apple products including AirPods Pro 3 at $179.00, down from $249.00, AirPods Max 2 at $429.00, and about $200 off most M5 MacBook Air models. Outlets also reported all…
China's central bank adds to gold reserves for 23rd straight month
China's gold reserves stood at 77.47 million ounces, or about 2,409.59 tonnes, at the end of September, up 740,000 ounces (about 23.02 tonnes) from 76.73 million ounces (about 2,386.57 tonnes) at the end of August, according to figures carr…
FT: EU weighs broad corporate levy to raise taxes on US tech groups
The European Commission is considering a new mechanism to raise more tax revenue from large US technology companies without singling them out as a separate category, the Financial Times reported, citing unnamed sources. Under discussion is …
Finland's finance ministry proposes raising retirement age to 70
Finland's Ministry of Finance has proposed raising the minimum retirement age to 70, according to a report titled “Trust in the Future”. The plan would increase the threshold by six months for each successive age group and forms part of a b…
Amazon’s October Prime Day runs October 6-8 as retailers cut prices early
Amazon’s October Prime Day, also called Prime Big Deal Days, runs from October 6 at 3AM ET through 3AM ET on October 8, with discounts already live, according to The Verge, NBC News and Wired. Wired listed Google Pixel Buds Pro 2 at $190 ($…
India's central bank raises key rate to 5.5%, first hike in 3 years 8 months
The Reserve Bank of India decided on 7 October to raise its main policy rate by 0.25 percentage points to 5.5%, the first increase in three years and eight months. Governor Sanjay Malhotra cited a worsening Middle East situation, sharp swin…
S. Korea farm minister apologises over farmland survey preparation, disputes drone use
Agriculture minister Song Mi-ryung told a parliamentary audit on Oct 7 that the government's full farmland survey does not infringe farmers' private property and that most ordinary, customary violations would not be punished, while saying “…
Bank of Russia raises official dollar rate to 84.93 rubles for October 6
The Bank of Russia set the official dollar rate for October 6 at 84.93 rubles, up 1.45 rubles from 83.48 rubles on October 3, with the euro rising 1.01 rubles to 95.33 rubles and the yuan up 0.22 rubles to 12.65 rubles. RBC reported the rub…
Trump marks auto-enrollment of nearly 70 million children in savings accounts
President Donald Trump announced at the White House that automatic enrollment is complete for Trump Accounts, with nearly 70 million accounts created — more than 60 million of them through the auto-enrollment process. Parents and guardians …