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Liberal senator breaks ranks to take aim at Angus Taylor’s ‘negative’ rhetoric on immigration
BUSINESS

Liberal senator breaks ranks to take aim at Angus Taylor’s ‘negative’ rhetoric on immigration

<p>‘We cannot continue to blame migrants for the problems of our economy,’ backbencher Andrew McLachlan says</p><ul><li><p><a href="https://www.theguardian.com/australia-news/live/2026/may/19/australia-news-live-queensland-weather-rain-flash-flood-victoria-infrastructure-environment-climate-jim-chal

The Guardian·May 19, 2026
Fears of new China shock as EU industry’s reliance on imports grows
BUSINESS

Fears of new China shock as EU industry’s reliance on imports grows

<p>Rising volume of components imported from China prompts warning of cannibalisation of European industries</p><p>Europe is facing a fresh China shock that threatens to cannibalise local factories, leading to job losses and de facto colonisation of industry by Beijing, trade analysts and representa

The Guardian·May 19, 2026
Standard Chartered to cut over 15% of corporate functions roles as it targets higher returns
BUSINESS

Standard Chartered to cut over 15% of corporate functions roles as it targets higher returns

Standard Chartered will trim corporate functions roles and target a more than 20% increase in income per employee by 2028 as it seeks stronger returns.

CNBC·May 19, 2026
Japan&apos;s economy grows at annualized 2.1% rate in first quarter, beating expectations
BUSINESS

Japan&apos;s economy grows at annualized 2.1% rate in first quarter, beating expectations

The growth was sharply higher compared with Reuters-polled analysts' average estimate of 1.7%, and against the 1.3% in the previous quarter.

CNBC·May 19, 2026
PlayStation exclusives aren&#8217;t coming to PC anymore
BUSINESS

PlayStation exclusives aren&#8217;t coming to PC anymore

Sony reportedly won't release its major single-player PlayStation games on PC anymore. According to Bloomberg's Jason Schreier, Hermen Hulst, who heads up PlayStation's studios business, informed employees in a town hall on Monday about the change in strategy. Schreier had previously reported on the

The Verge·May 18, 2026
Sony is raising short-subscription prices for PlayStation Plus
BUSINESS

Sony is raising short-subscription prices for PlayStation Plus

Sony is hiking the starting price of one-month and three-month PlayStation Plus subscriptions in "select regions," blaming "ongoing market conditions." Beginning May 20th, 1-month subscriptions will start at $10.99 USD / &#8364;9.99 EUR / &#163;7.99 GBP, while 3-month subscriptions will start at $27

The Verge·May 18, 2026
China&apos;s economy loses steam in April as retail sales hit 40-month low
BUSINESS

China&apos;s economy loses steam in April as retail sales hit 40-month low

China's economy stumbled in April with consumption, industrial output and investment growth missing expectations.

CNBC·May 18, 2026
South Korea market volatility nears record high after $13 billion foreign investor selloff
BUSINESS

South Korea market volatility nears record high after $13 billion foreign investor selloff

South Korea's stock market volatility surged near record highs on Monday after foreign investors dumped $13.2 billion worth of local equities last week.

CNBC·May 18, 2026
G7 finance ministers to meet amid warning of economic consequences of prolonged Strait of Hormuz closure
BUSINESS

G7 finance ministers to meet amid warning of economic consequences of prolonged Strait of Hormuz closure

G7 finance ministers are due to meet in Paris on Monday and Tuesday as long-term borrowing costs surge.

CNBC·May 17, 2026
‘Feels like an illusion’: how Trump seizing Maduro has changed little in Venezuela
BUSINESS

‘Feels like an illusion’: how Trump seizing Maduro has changed little in Venezuela

<p>Some feel optimistic change will come, but for many it’s business as usual for the movement Hugo Chávez started</p><p>When Ángel Linares heard a strange buzz followed by an explosion, his first thought was that neighbours were setting off fireworks to celebrate the new year.</p><p>Then his window

The Guardian·May 17, 2026
China signals tariff cuts, advances in farm market access after Trump-Xi summit
BUSINESS

China signals tariff cuts, advances in farm market access after Trump-Xi summit

Beijing and the U.S. have agreed to expand agricultural trade through tariff reductions, China's commerce ministry said.

CNBC·May 16, 2026
Kevin Warsh comes into the Fed facing a big &apos;family fight&apos; over cutting interest rates
BUSINESS

Kevin Warsh comes into the Fed facing a big &apos;family fight&apos; over cutting interest rates

With inflation spiking and Treasury yields surging, Warsh is likely to confront a Federal Open Market Committee in no mood to ease.

CNBC·May 16, 2026
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