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Australia PM calls general election for May 3 amid cost of living crisis, tariff worries newsthirst.

Australia’s Prime Minister Anthony Albanese during a press conference at Parliament House in Canberra on March 28, 2025. Mike Bowers | Afp | Getty Images Australian Prime Minister Anthony Albanese on Friday called a national election for May 3 as the country grapples with high cost of living and rising U.S. tariffs. That kicked off…

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Consumer inflation fears spike in February as tariff worries hit sentiment newsthirst.

People shop at a Whole Foods store on Feb. 3, 2025 in New York City. Michael M. Santiago | Getty Images Consumers grew dramatically more worried about near-term inflation as President Donald Trump pushed aggressive tariffs against major U.S. trading partners, a closely watched survey showed Friday. The University of Michigan consumer survey for February…

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Japan chip stocks extend losses as DeepSeek worries fuel Wall Street tech rout newsthirst.

A sales clerk shows off Elpida Memory Inc. memory chips at an electronics shop in Tokyo, Japan, on Thursday, March 5, 2009. Tomohiro Ohsumi | Bloomberg | Getty Images Shares in Japan’s chip-related companies extended declines for a second day as Chinese startup DeepSeek’s AI competitiveness calls into question the United States’ leadership in the…

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Japan chip stocks fall as DeepSeek’s challenge to U.S. AI dominance raises worries for Asian tech firms newsthirst.

Employees move semiconductor testers on the assembly line of the Advantest Corp. plant in Ora, Japan on Aug. 10, 2012. Tomohiro Ohsumi | Bloomberg | Getty Images Japan’s chip-related stocks fell Monday as Chinese AI startup DeepSeek raises concerns about a potential challenge to America’s global leadership in artificial intelligence that threatens Asian tech companies…

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