Japan prices rise for third straight month

Japan’s core consumer prices rose 0.5 per cent year-on-year in November, the third monthly increase after two modest hikes of 0.1 per cent driven partly by higher fuel prices, government data showed Friday.
25 December 2021, 18:00 PM

China’s top real estate regulator vows to tackle property delivery risks

China’s top real estate regulator vowed to resolutely tackle risks stemming from overdue delivery of residential properties by some top developers in a bid to maintain social stability, the official Xinhua News Agency reported on Saturday.
25 December 2021, 18:00 PM

Turkish lira caps historic week with big lift from Erdogan government

Turkey’s lira closed out its strongest week on record on Friday, spiking more than 50 per cent with the support of billions of dollars of state-backed market interventions and a promise that the government would cover FX losses on certain deposits.
25 December 2021, 18:00 PM

China regulator suspends cyber security deal with Alibaba Cloud

Chinese regulators on Wednesday suspended an information-sharing partnership with Alibaba Cloud Computing, a subsidiary of e-commerce conglomerate Alibaba Group, over accusations it failed to promptly report and address a cybersecurity vulnerability, according to state-backed media reports.
23 December 2021, 18:00 PM

Cuba announces 2021 inflation over 70pc

Cuba’s inflation will end 2021 at over 70 per cent -- one of the highest in the world -- economy minster Alejandro Gil said on Tuesday, insisting it was due to deliberate monetary policy.
22 December 2021, 18:00 PM

Most Asian markets build on rally

Most Asian markets rose Wednesday, extending a global rally after their latest sell-off as investors assess the impact of the fast-spreading Omicron variant.
22 December 2021, 18:00 PM

Amazon, Facebook, Twitter drop plans over Covid concern

Amazon Inc, Facebook parent Meta Platforms Inc, Twitter Inc and Pinterest Inc all said on Tuesday they will not send teams to the Consumer Electronics Show (CES) in Las Vegas next month as concerns grow about the Omicron coronavirus variant.
22 December 2021, 18:00 PM

China will be able to keep economic growth stable

China has the confidence, condition, and ability to keep economic growth at a reasonable level, a senior state planning official told the Xinhua News Agency.
22 December 2021, 18:00 PM

Japan enacts record extra budget to boost virus-hit economy

Japan’s parliament enacted a record supplementary budget worth over $300 billion on Monday as part of measures to bolster the world’s third largest economy as the pandemic threat drags on.
21 December 2021, 18:00 PM

Businesses fret as South Korea reimposes Covid curfews

As clocks struck 9 pm this week, customers packed up and left restaurants and other eateries across South Korea as a reimposed curfew designed to help stem a surge in coronavirus infections sparks fears of economic disaster for some businesses.
21 December 2021, 18:00 PM

Sri Lanka hikes fuel prices as economic crisis worsens

Sri Lanka raised fuel prices Tuesday and warned of possible petrol rationing with importers struggling to pay for oil, in a worsening economic crisis that has also sparked food shortages.
21 December 2021, 18:00 PM

Dubai airport fully operational for first time since pandemic

Dubai airport, one of the world’s busiest travel hubs, is fully operational for the first time since the coronavirus pandemic erupted in March 2020, officials said Monday.
20 December 2021, 18:00 PM

China cuts interest rate for first time in 20 months

China’s central bank cut a key interest rate on Monday for the first time in nearly two years in a bid to kickstart growth in the world’s number two economy as it creaks under the impact of a real estate crisis and coronavirus flare-ups.
20 December 2021, 18:00 PM

Biden’s electric vehicle push hits setback in US Senate

A bid by the White House to dramatically boost electric vehicle tax credits hit a major roadblock on Sunday when a key Senate Democrat said he would not support a $1.75 trillion domestic investment bill.
20 December 2021, 18:00 PM

Omicron uncertainty prompts WEF to delay Davos summit

The World Economic Forum (WEF) on Monday postponed its annual meeting in Davos due to the spread of the Omicron coronavirus variant, putting off the event scheduled for January until mid-2022.
20 December 2021, 18:00 PM

Asian markets tumble

Asian stocks and oil prices sank on Monday on fears about a fresh global surge in coronavirus infections and as the future of US President Joe Biden’s massive social spending bill was thrown into doubt after it lost the crucial vote of a moderate Democrat.
20 December 2021, 18:00 PM

Oil prices sink

World oil prices fell by more than five percent on Monday, as energy demand fears grew over the fast-spreading Omicron coronavirus variant.
20 December 2021, 18:00 PM

Apple seeks dismissal of India apps market antitrust case

Apple Inc has asked India’s antitrust watchdog to throw out a case alleging abuse of market power in the apps market, saying it is too small a player in the South Asian country where Google is dominant, a filing seen by Reuters shows.
19 December 2021, 18:00 PM

Russia ready to ‘fight’ for space tourism supremacy

After a decade-long hiatus, Russia is relaunching an ambitious bid for dominion over the world’s budding space tourism industry, jostling with zealous billionaires, the United States, and rising China.
19 December 2021, 18:00 PM

End of an era nears for Berlin’s coal stoves

Alban Nikolai Herbst’s Berlin apartment is covered in dust, his precious record collection included, thanks to a coal-powered stove he still uses to heat his home like thousands across the city.
19 December 2021, 18:00 PM