Australia will continue pursuing a case at the World Trade Organization against China’s tariffs on wine imports, rejecting a proposal to tie the issue to a separate dispute on steel products.

Australia to carry on pursuing WTO case on China wine tariffs 

UK Prime Minister Rishi Sunak plans to reduce the nation’s inheritance tax to drum up support ahead of the next general election, The Times reported Saturday.

UK’s Sunak working on plans to cut inheritance tax — report

Russia's Foreign Minister Sergei Lavrov on Saturday portrayed the US and Europe as "looking down" on the rest of the world amid a battle to win over developing countries, and said that while Moscow does not reject UN efforts to revive a Black Sea grain deal, a recent proposal was unrealistic.

Russia's Lavrov doesn't reject UN bid to revive Black Sea deal, but says unrealistic

The US House of Representatives' Rules Committee on Saturday voted, 9-2, to tee up four appropriations bills for debate on the full House floor, the latest move in Republicans' last-ditch bid to prevent government shutdowns after a Sept 30 deadline.

US House panel approves four funding bills; govt shutdown deadline approaches

Three years after Goldman Sachs Group Inc agreed to fork over more than US$5 billion (RM23.46 billion) for its role in the plundering of Malaysia’s 1MDB investment fund, the Wall Street giant has struggled to put the scandal to bed.

Goldman Sachs in talks with Malaysia to resolve latest 1MDB clash

The United Auto Workers’ strike “damages” the US auto industry at a time when President Joe Biden seeks to attract manufacturing investment, said Stella Li, Americas president for BYD Co, the Chinese electric vehicle (EV) and plug-in hybrid maker.

China’s BYD Americas chief says United Auto Workers strike ‘damages’ industry

Hong Kong is relaxing its mortgage rules for homes under construction, as the government takes further steps to support the city’s property market that’s been weighed by high borrowing costs.

Hong Kong relaxes mortgage rules as property market falters

US Federal Reserve (Fed) officials warned on Friday of further rate hikes even after voting to hold the benchmark federal funds rate steady at a meeting this week, with three policymakers saying they remain uncertain the inflation battle is finished.

Fed officials flag further hikes even after holding steady

The European Union has no intention to decouple from China but needs to protect itself when its openness is abused, the bloc's Executive Vice President Valdis Dombrovskis said, as both sides look to cool rising tensions over geopolitics and trade.

EU does not want to decouple from China but must protect itself, says EU trade chief

The United Auto Workers (UAW) expanded its strikes against Detroit automakers General Motors (GM) and Chrysler parent Stellantis, but kept its Ford walkout limited to a single plant due to progress made in talks, the union said on Friday.

United Auto Workers strikes more GM, Stellantis facilities, cites progress in talks with Ford

For stock investors for much of this year, the trillion-dollar AI promise has masked a big threat in this era of Federal Reserve (Fed) hawkishness: Real-world borrowing costs have jumped across Corporate America.

AI fantasy fades as Wall Street reels from real-world rate jump

US Secretary of State Antony Blinken and South Korean, Japanese counterparts expressed "serious concern" over the discussion of military cooperation between Russia and North Korea, including possible arms trade, South Korea's Foreign Ministry said on Saturday.

US, South Korea, Japan raise concerns over Russia-North Korea military cooperation

The relentless selloff in Chinese stocks has made the market the worst performer in the world over the past three years. And that is exactly the reason some funds are looking to unearth pockets of value.

China market gloom spurs fund managers to scour hidden gems

Prime Minister Datuk Seri Anwar Ibrahim has emphasised the importance for Asean to uphold its outstanding relationships with the US and China as strategic competition between the two economic superpowers intensifies.

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