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Australia raises benchmark rate to highest level in 18 years

SYDNEY: Australia’s central bank raised its central interest rate to an 18-year high on Tuesday, citing the prolonged war in the Middle East and persistent inflationary pressures. In a statement, the Reserve Bank of Australia (RBA) said it would raise its cash rate by 25 basis points to 4.

Asian stocks retreat as AI worries outweigh steep oil-price drop

HONG KONG: Asian stock markets struggled on Tuesday after another AI-fueled tech selloff on Wall Street outweighed a plunge in oil prices and signs of a possible breakthrough in talks to end the Iran war. Investors were also watching the US midterm elections.

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European stocks rise tracking big corporate news, China growth

European stock markets climbed on Monday as China's unexpectedly muted growth slowdown and optimism over the impact of the Omicron coronavirus variant boosted investor confidence.

Canada health authority approves Pfizer's anti-Covid pill

Canada's health authority said Monday it has approved Pfizer's anti-Covid pill, Paxlovid, for adults at high risk of progressing to serious disease.

Covid-flu joint booster jab possible late 2023: Moderna

Moderna aims to roll out a combined Covid-flu-RSV booster vaccine in late 2023, the US pharmaceutical firm said Monday, hoping a joint jab would encourage people to get an annual shot.