Long Covid has already cost the Australian economy three million working days this year, according to a government analysis seen by AFP Friday, significantly worsening the country's acute labour shortages.. The treasury report found that lingering effects of the coronavirus have been keeping some 31,000 Australians away from work every day.
Asian markets rose Friday after a Wall Street rally ahead of a speech by Federal Reserve boss Jerome Powell that is expected to reiterate his plan to ramp up interest rates to fight inflation.. Most expect him to confirm that more hikes are on the way as officials try to bring inflation down from painful highs not seen in four decades.
As a Taiwanese fighter jet screamed over the lush green fields of eastern Hualien county last week, pomelo farmer Mulin Ou sat in his orchard counting the cost of China's latest push to squeeze the island.. The overall impact of China's latest economic sanctions is limited.
With US inflation at a 40-year high, economists say there is no doubt about the Federal Reserve's policy course: Interest rates will continue to rise.. Avoiding a recession as interest rates rise remains a tough job for central bankers everywhere.
Signs are growing that Donald Trump's social media platform Truth Social is in financial trouble, with just a modest following six months after launching.. But six months later it is in 30th place in an Apple ranking of social media apps downloaded onto iPhones.
California ruled Thursday that all new cars sold in America's most populous state must be zero emission from 2035, in what was billed as a nation-leading step to slash the pollutants that cause global warming.. That means rules imposed in California impact production plans across the country, as well as further afield, giving the state outsize influence in effectively setting national standards.
A US judge told Twitter on Thursday to surrender more data to Elon Musk on fake accounts, a key issue the billionaire is using to try to cancel his buyout bid.. Even if Musk's experts come to a different conclusion about the number of spam accounts at Twitter, that would not amount to a breach significant enough to let him break the buyout contract, Twitter attorneys argue.
The first crewed flight of Boeing's space capsule Starliner is scheduled for February 2023, the company and NASA announced Thursday, as the United States seeks to secure a second way for its astronauts to reach the International Space Station.. After a series of hiccups in its space program that led to serious delays, including a 2019 flight that did not reach the ISS, Boeing finally managed to send the gumdrop-shaped capsule to the station in May -- without a crew.
Grain prices have dropped sharply from the record highs they reached following Russia's invasion of Ukraine, but another menace to global food security remains: a shortage of fertiliser.. The low volume of Russian exports is one of the main reasons why wheat prices have remained so high, said Sizov.
Sony's PlayStation 5 is already notoriously difficult to find, and on Thursday's the popular console's manufacturer said that it will also become more expensive for gamers in many parts of the world.. "Based on these challenging economic conditions, SIE has made the difficult decision to increase the recommended retail price of PlayStation 5 in select markets," Ryan said in a statement.
