Tag: Australian Labor Party

BusinessEconomy

Asia-Pacific Markets Mixed Amid Wall Street Gains, Trade Tensions

Asia-Pacific markets were poised for a divided opening Thursday following Wall Street’s gains driven by strong bank earnings. Investors remain cautious as global trade tensions continue to escalate, with volatility indicators showing increased market uncertainty.

Market Divergence Across Asia-Pacific Region

Asia-Pacific markets were reportedly set for a mixed opening Thursday, according to market analysis, following Wall Street’s gains during a volatile trading session. The divergence comes as investors continue to monitor developments across the Asia-Pacific region amid ongoing global economic uncertainties.

by Samuel Kim
EnvironmentScience

Australian Tropical Rainforests Shift from Carbon Sink to Emissions Source in World First

Australian tropical rainforests have become the first in the world to transition from carbon sinks to net carbon emitters, according to new research. The shift, driven by extreme temperatures and drier conditions, began approximately 25 years ago and could signal future changes for global tropical forests.

World First: Australian Rainforests Become Carbon Emitters

Australian tropical rainforest trees have reportedly become the first globally to switch from being a carbon sink to an emissions source, according to new research published in Nature. The analysis indicates this fundamental shift began approximately 25 years ago due to increasingly extreme temperatures and drier conditions affecting forest health.

by Samuel Kim
EconomyPolicy

Tariffs Drive Inflation Higher as Consumers Face Rising Prices, Fed Report Shows

President Trump’s tariffs are contributing to rising inflation as companies grapple with whether to absorb costs or pass them to consumers. The Federal Reserve’s latest Beige Book report indicates price increases across multiple districts while consumer spending shows mixed patterns across income levels.

Tariffs Fuel Inflation Pressures Across US Economy

According to the Federal Reserve’s latest Beige Book report, tariffs implemented by former President Donald Trump are pushing inflation generally higher as businesses face difficult decisions about absorbing costs or passing them to consumers. The report states that “prices rose further during the reporting period” with tariff-induced input cost increases reported across many districts.

by Priya Kapoor