US commerce secretary visits China, calls for ‘stable’ ties
Gina Raimondo says 'profoundly important' for two biggest economies to have a stable relationship.
Category Archives: Economy
South Korea’s seafood sellers reel as science fails to ease Fukushima fears
More than 90 percent of South Koreans say they will reduce their seafood consumption due to radiation concerns.
Indonesia’s absence from bigger BRICS echoes decades of non-aligned policy
Indonesian President Joko 'Jokowi' Widodo has said he does not want to 'rush' membership of the economic grouping.
Saudi Arabia considering Chinese bid to build nuclear plant, report says
Chinese bid proposes nuclear plant near the border with Qatar and UAE, according to Wall Street Journal report.
Asia’s poor grew by 68 million people after pandemic, report says
More than 155 million people were living on less than $2.15 a day last year, Asian Development Bank says.
US charges crypto founders over alleged support for North Korean hackers
US officials allege Tornado Cash facilitated $1bn in money laundering transactions for North Korea's Lazarus Group.
Indonesia’s dog meat sellers fear for future after crackdowns on trade
Animal welfare campaigners say dog meat trade should be outlawed due to its cruelty and risks to public health.
US commerce secretary meets China envoy before trip to stabilise ties
Gina Raimondo's August 27-30 trip is latest effort by the Biden administration to cool US-China tensions.
China’s central bank cuts key interest rate amid concerns for economy
People's Bank of China's decision to leave 5-year lending rate unchanged greeted with disappointment by markets.
Why China is grappling with falling prices – and being compared to Japan
The world’s second-largest economy is grappling with deflation, raising fears of Japan-style stagnation.
Singapore employers using police to threaten domestic workers, report says
More than 80 percent of police reports made by bosses against their maids do not lead to charges, rights group says.
World’s largest cruise ship prepares to sail as COVID-hit industry rebounds
Royal Caribbean's Icon of the Seas is preparing to make its maiden voyage in January 2024.
China slips into deflation as prices fall for first time since early 2021
China's consumer price index fell by 0.3 percent in July after staying flat the previous month.
WeWork says ‘substantial doubt’ it can stay in business
US-based firm says ability to stay afloat depends on boosting liquidity and profitability over next year.
World Bank halts new loans to Uganda over anti-LGBTQ law
US-based lender says controversial anti-gay law contradicts its values.
US credit rating downgraded over rising debt, ‘standards of governance’
The downgrade marks only the second cut by a major rating agency in US history.
Natwest CEO resigns over ‘serious error’ in Farage row
Alison Rose says discussing Nigel Farage's relationship with bank with a journalist was a 'serious error of judgment'.
‘Mayhem’: China warned by US, France on air safety during COVID
Emails obtained from the US Federal Aviation Administration reveal concerns over Beijing's 'zero COVID' policy.
Indonesia blocks Musk’s X.com under curbs on porn, gambling
Ministry of Communication and Informatics says it is in contact with social media company about purpose of the domain.
JPMorgan ignored Epstein’s ‘nymphettes,’ US Virgin Islands says
JPMorgan says US Virgin Islands was also to blame for allowing Epstein's sexual abuse of young women and girls.