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economy

Copper, a coveted metal boosting miners

Copper, a coveted metal boosting miners

BHP, Glencore and Teck Resources -- three mining giants whose annual results have revealed significantly increased profits thanks in large part to soaring copper prices. AFP explores the reasons behind the gains. - Profits boost - Australian resources group BHP saw net profit surge almost 28 percent to US$5.64 billion in

'Solar sheep' help rural Australia go green, one panel at a time

'Solar sheep' help rural Australia go green, one panel at a time

Australian farmer Tom Warren's solar panels look like any other -- until you spot the dozens of sheep grazing and napping, helping the country transition to green energy and earning him a decent income while doing it. More than 30,000 solar panels are deployed across approximately 50 hectares

Libya's Ramadan celebrations tempered by economic woes

Libya's Ramadan celebrations tempered by economic woes

Libyans have been enjoying Ramadan with feasts and fireworks -- but soaring prices, a devalued currency and political divisions have left many with little to celebrate. Fifteen years on from the fall of longtime leader Muammar Gaddafi, the country remains split between east and west, while shortages of goods, including fuel,

NY's new leftist mayor faces perilous budget test

NY's new leftist mayor faces perilous budget test

Two months after riding into office on a wave of youth support and hopes his unprecedented leftist policies could tackle New York's soaring cost of living, Mayor Zohran Mamdani is eying raising an unpopular property tax. Unable to win the backing of the powerful state governor to increase

Battered by Gaza war, Israel's tech sector in recovery mode

Battered by Gaza war, Israel's tech sector in recovery mode

Israel's vital tech sector, dragged down by the war in Gaza, is showing early signs of recovery, buoyed by a surge in defence innovation and fresh investment momentum. Cutting-edge technologies represent 17 percent of the country's GDP, 11.5 percent of jobs and 57 percent

What's next after US Supreme Court tariff ruling?

What's next after US Supreme Court tariff ruling?

The Supreme Court's striking down of President Donald Trump's global tariffs, while a relief to many, heralds more months of uncertainty as US businesses brace for new levies and a fight for refunds plays out. What comes next after the conservative-majority court's decision?

Stocks rise after court ruling against US tariffs

Stocks rise after court ruling against US tariffs

Wall Street stocks advanced Friday as markets digested a US Supreme Court decision striking down some of the White House's sweeping tariffs and President Donald Trump's response vowing new levies. The conservative-majority top court ruled six-three that a 1977 law known as the International