Economy

US sanctions Chinese companies accused of making Russian drone parts
Russian President Vladimir Putin visits a drone production facility in St Petersburg on September 19, 2024 [Handout/Grigory Sysoyev/Sputnik/Kremlin pool via Reuters]

The United States Department of the Treasury has announced sanctions against Chinese makers of drone engines and parts that President Joe Biden’s administration says have directly helped Russia mount long-range..

29 October 2024 | Economy

Malaysia could reach high-income status by 2028, World Bank says
Pedestrians cross a road in front of Malaysia's landmark Petronas Twin Towers in Kuala Lumpur on January 12, 2021 [Mohd Rasfan/AFP]

Malaysia could reach high-income nation status as early as 2028 amid better-than-expected economic growth and a strengthening currency, a top World Bank economist has said. Malaysia is on track to..

29 October 2024 | Economy

Hit by Boeing strike, supplier Spirit Aero to furlough 700 employees
Spirit AeroSystems, a key supplier for Boeing, has seen losses double and has scaled back production [File: Nick Oxford/Reuters]

Spirit AeroSystems has told employees that it will furlough 700 workers for 21 days as a more than one-month strike at United States-based plane maker Boeing eats into the supplier’s..

29 October 2024 | Economy

Want to know who will win the US election? Take a look at ...
Traders work on the floor of the New York Stock Exchange in New York City [Spencer Platt/Getty Images via AFP]

Even so, the performance of US stocks has an uncanny track record of predicting the outcome of presidential elections. Since 1928, the S&P 500 – which tracks the performance of..

29 October 2024 | Economy