PwC Australia stands down staff amid tax plans leak scandal
Accounting firm pledges to do 'everything it takes' to regain trust after leaking government information to clients.
Category Archives: Economy
Philippines’ crackdown on anonymous SIM cards prompts backlash
Some cybersecurity experts fear the SIM Card Registration Act will encourage identity theft and fraud.
Nigerians look to president-elect Tinubu for economic turnaround
Voters have been let down before, wonder if Bola Tinubu will be able to fix systemic issues in Africa's largest economy.
Singapore economy beats estimates as government warns of risks
Southeast Asian city-state warns of rise in 'downside risks' amid rising interest rates, escalation of war in Ukraine.
Malaysia’s economy beats forecasts with 5.6 percent growth
Solid performance comes as cooling global demand is expected to weigh on export-oriented Southeast Asian economy.
Nintendo’s The Legend of Zelda: Tears of the Kingdom hits shelves
Six-year wait ends for computer game fans across the world as Nintendo releases latest instalment of saga.
Elon Musk says Twitter to get new CEO within weeks
Announcement comes after Twitter users in December voted for Musk to step down.
China’s foreign companies on edge after national security raids
Business groups say probes into firms' handling of information has raised uncertainty about operating in China.
FTX’s Bankman-Fried seeks tossing of charges over crypto collapse
Bankman-Fried's lawyers tell court that prosecutors rushed to judgement in charging their client.
Australia flags first annual budget surplus in 15 years
Treasurer Jim Chalmers says country is on track for first surplus since the global financial crisis in 2008.
Social media platform LinkedIn cuts 700 jobs, shuts China app
Job cuts are the latest layoffs to hit the tech sector in recent months, following losses at Google, Meta and Amazon.
China probes Capvision in latest raid on foreign company
Investigation into Capvision comes after recent police raids on Bain & Company and Mintz Group.
Hong Kongers fleeing China’s crackdown denied pension savings
Activist group estimates Hong Kongers in the UK are unable to access $2.8bn in retirement savings.
Australian govt pledges $10bn to ease cost of living pressures
Treasurer Jim Chalmers insists measures will not add to country's already high inflation.
HSBC faces shareholder vote on splitting bank
Chinese shareholder Ping An argues split necessary as bank lags behind international peers.
Indonesia’s economy beats forecasts on consumer, gov’t spending
GDP expands by 5.03 percent in the January-March period despite slowing exports.
UK, New Zealand, Australia tout trade before Charles’s coronation
UK's free trade deals with Australia and New Zealand will enter force on May 31.
White House tells tech CEOs they have ‘moral duty’ on AI
US President Joe Biden tells CEOs their work on AI has 'enormous potential and enormous danger'.
UAE real estate firm Aldar to hold off from Egypt investments
UAE firms hold majority shares of Egypt's SODIC, but Aldar says it won't put any more money in for now.
First Republic rescue fails to calm market turmoil
Regional bank shares suffer double-digit losses despite JPMorgan Chase's acquisition of troubled lender.