Hikes

Reserve Bank of Australia raises rates for third consecutive meeting, lifting them to early-2025 levels Follow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastThe Reserve Bank has delivered a third straight interest rate hike, as it seeks to head off the inflationary threat from higher fuel prices linked to the ongoing US-Israel war on Iran.A week out from what the treasurer, Jim Chalmers, is simultaneously calling his most ambitious and responsible budget yet, the widely anticipated decision to increase the cash rate to 4.35% from 4.1% comes amid growing worries about the economic fallout from the Middle East conflict. Continue reading...

The Seoul High Court found Kim Keon Hee guilty of manipulating the share price of Deutsch Motors, a South Korean car dealer, which it ruled a "collusive ... trading act constituting market manipulation".

Climate leaders say Democrats need to extol clean energy as a way to cut costs for Americans as war roils oil marketsDemocrats should get louder in championing clean energy’s affordability and resilience from global shocks, according to some of the party’s leading voices on the climate.As the Iran war roils economies by raising the cost of oil and gas, countries are aiming to accelerate their shift to cleaner energy. But in the US, Donald Trump has sought to kill off any alternative to fossil fuels while opposing Democrats have been reluctant to tie the conflict to any action on the climate crisis. Continue reading...