Economy — 2,075 insights
The high cost of visiting home: Filipino workers’ dilemma in Lebanon
Economy

The high cost of visiting home: Filipino workers’ dilemma in Lebanon

With Middle East conflict raising security risks, some migrants fear leaving will cost them their jobs Filipino migrant workers share a meal during a weekly gathering on their day off in Beirut, Lebanon. For some, the community of fellow workers has become a substitute for family after years away from home. (Photo by Kanika Gupta) BEIRUT -- The Philippines has built one of Asia's most comprehensive systems for protecting migrant workers. Yet as conflict heightened security risks in Lebanon this year, some Filipinos chose not to return home, fearing the same protections could prevent them from returning to their jobs abroad.

Nepal struggles to raise $5bn for flood recovery as global aid retreats
Economy

Nepal struggles to raise $5bn for flood recovery as global aid retreats

PM Shah calls on international community to 'share responsibility' at UN Nabin Chitraka, left, and his mother shovel sludge from their home at Devighat, Nepal, on Sept. 20. (Photo by Ken Kobayashi) DEVIGHAT, Nepal -- A faint smell of decay hung over Devighat in late September as Nabin Chitrakar and his mother shoveled sludge from their three-story concrete home, nearly a month after floods tore through the town.

Trump-Xi summit live: US president hosts state dinner with tech leaders
Economy

Trump-Xi summit live: US president hosts state dinner with tech leaders

Xi says AI should stay under human control, calls for renewed Iran talks U.S. President Donald Trump holds a binder as he stands next to Chinese President Xi Jinping before Xi delivers a speech during a state dinner at the White House on Sept. 24. © Reuters WASHINGTON/NEW YORK/TOKYO -- Chinese President Xi Jinping and U.S. President Donald Trump are holding their second summit of the year, amid lingering tensions over tariffs, rare earth materials, artificial intelligence and other issues. After Trump traveled to Beijing in May, the venue this time is Washington. The White House is putting on an elaborate show of welcoming the Chinese leader, including a state dinner. At the outset, upon Xi's arrival, the U.S. said the two sides agreed to extend their trade truce, which had been due to expire Nov. 10. But expectations for broader tangible results were modest, after their earlier meeting produced what many experts saw as symbolism over substance.

Australia reveals OpenAI agent hacked government health website
Economy

Australia reveals OpenAI agent hacked government health website

Albanese chides US company for September notification of June breach Australian Prime Minister Anthony Albanese, left, says he has expressed "extreme concern" to OpenAI chief executive Sam Altman over a company AI agent having gained unauthorized access to non-public files from a government website. (Source photos by Reuters) CANBERRA -- Australia has created a taskforce to undertake a "rapid" review of a hack by an OpenAI artificial intelligence agent of a government health website, as experts warn the incident serves as " another canary in the coal mine" for cyber security risks posed by artificial intelligence.

Chinese streaming platform touts first ‘hybrid AI’ drama series
Economy

Chinese streaming platform touts first ‘hybrid AI’ drama series

"Immortals Over Mortal Love" stars two professional actors performing with graphics generated by iQiyi's NadouPro AI platform. (iQiyi) SHANGHAI -- Chinese video streaming platform iQiyi is set to release what it calls the first "hybrid AI" drama series combining graphics generated with artificial intelligence and real actors, underscoring how quickly the technology is moving into content creation.

Vietjet signs deal with Starlink for free in-flight WiFi on Vietnam airline
Economy

Vietjet signs deal with Starlink for free in-flight WiFi on Vietnam airline

Vietjet is the first company to announce a business contract with Starlink since the internet services provider entered Vietnam last month. (Nikkei montage/Source photos by Reuters and Getty Images) HO CHI MINH CITY -- Vietjet has signed a deal with Starlink to be the first Vietnamese airline to offer free in-flight internet, part of a suite of agreements announced during the Vietnamese president's trip to the U.S. and Canada.

US tungsten supplier Elmet to buy stake in Vietnamese miner Masan
Economy

US tungsten supplier Elmet to buy stake in Vietnamese miner Masan

Deal worth $125 million will reduce dependence on top producer China for critical mineral Masan High-Tech Materials' tungsten processing facility in northern Vietnam. U.S. tungsten supplier Elmet Group will acquire a 4.99% stake in the Vietnamese miner, the companies announced on Sept. 24. © AP HANOI -- U.S. tungsten supplier Elmet Group will acquire a 4.99% stake in Vietnamese miner Masan High-Tech Materials for about $125 million, the two companies announced Thursday, as they deepen a partnership to secure supplies of the critical metal.

India’s NSE bourse closes higher after country’s biggest IPO of the year
Economy

India’s NSE bourse closes higher after country’s biggest IPO of the year

The National Stock Exchange of India has overtaken its older rival, the Bombay Stock Exchange, hosting most of the country's big initial public offerings. © Reuters MUMBAI -- The National Stock Exchange of India, the country's preeminent public bourse, saw its shares rise as much as 5.2% from the initial offering price of 1,785 rupees ($19) on Thursday, after the company completed India's second-largest IPO ever.

Saudi Aramco chief says any interruption can be fixed ‘within days’
Economy

Saudi Aramco chief says any interruption can be fixed ‘within days’

Saudi Aramco President and CEO Amin Nasser speaks during an interview in Tokyo on Sept. 24. (Photo by Shintaro Ino) TOKYO -- Saudi Aramco can restore disrupted operations within days and is looking at building alternative oil export routes, its chief executive said, as the company faces growing threats of attacks linked to the Iran war.

How ‘Ponzi’ stock scheme in Turkey collapsed: 4 things to know
Economy

How ‘Ponzi’ stock scheme in Turkey collapsed: 4 things to know

Foreigners hold 33% in equity market facing potential downgrade to 'frontier' status Around one-third of Turkish equities are held by foreign investors. © Reuters ISTANBUL -- Turkish officials are holding talks on Thursday about compensation to over 450,000 investors who have lost billions to what the government called a "Ponzi-like scheme" in the stock market.

Trump and Xi set to kick off White House talks
Economy

Trump and Xi set to kick off White House talks

AI and Iran expected to be key topics on day filled with ceremony Chinese President Xi Jinping and U.S. President Donald Trump chat as Xi arrives for their summit, at Joint Base Andrews near Washington on Sept. 23. © Reuters NEW YORK/WASHINGTON -- Chinese President Xi Jinping is set to arrive at the White House for the first time in nearly a decade on Thursday, for the main events of a three-day visit with U.S. counterpart Donald Trump as tensions between the superpowers simmer.

Trump-Xi summit live: US president says ‘Super Intelligence’ will be big topic
Economy

Trump-Xi summit live: US president says ‘Super Intelligence’ will be big topic

But Trump suggests he and China want AI 'exactly where it is'; EU flags rare-earth worries U.S. President Donald Trump speaks to the media as he returns to the White House after greeting Chinese President Xi Jinping at Joint Base Andrews, on Sept. 23. © Reuters WASHINGTON/NEW YORK/TOKYO -- Chinese President Xi Jinping and U.S. President Donald Trump are holding their second summit of the year, amid lingering tensions over tariffs, rare earth materials, artificial intelligence and other issues. After Trump traveled to Beijing in May, the venue this time is Washington. The White House is putting on an elaborate show of welcoming the Chinese leader, including a state dinner. At the outset, upon Xi's arrival, the U.S. said the two sides agreed to extend their trade truce, which had been due to expire Nov. 10. But expectations for broader tangible results were modest, after their earlier meeting produced what many experts saw as symbolism over substance.