After outcry over Ukraine, big business muted on Israel-Hamas war
Major brands that spoke out against Russia's invasion have been reluctant to weigh in on the Israel-Palestine conflict.
Category Archives: Economy
How global firms are reacting to the Israel-Hamas conflict
Companies ranging from airlines to banks have shut operations in Israel, asking their employees to work from home.
China’s Country Garden faces payment deadline after twice dodging default
Embattled developer faces deadline to pay $15m as China's property sector struggles with debt crisis.
Malaysia penalises 400 companies so far this year for violating labour laws
Human Resources Minister V Sivakumar says firms have been fined more than $500,000 over breaches in 2023.
US Republicans demand full sanctions, charges against China’s Huawei, SMIC
GOP lawmakers call for tougher measures after release of Huawei smartphone raises doubts about US export controls.
Control grocery prices or face new taxes, Canada’s Trudeau warns chains
Canadian leader says profits should not be made 'on the backs of people who are struggling to feed their families'.
EU launches probes into Chinese subsidies for electric vehicles
Anti-subsidy investigation is highest-profile case against China since EU probe into Chinese solar panels a decade ago.
BP chief Bernard Looney steps down over past relationships with colleagues
Chief Financial Officer Murray Auchincloss named interim CEO of British energy giant.
Australia’s Qantas illegally sacked workers during COVID, court rules
Australia's High Court upholds earlier ruling that airline broke the law when it outsourced ground handling jobs.
Japan is swamped with tourists. Now visitors are going off the beaten track
Tour operators are touting Japan's less explored regions as surging visitor numbers put strain on popular sites.
Biden leads US tech executives in talks with business leaders in Vietnam
Business talks held as Washington and Hanoi seek to deepen cooperation amid shared concerns about China’s rise..
China’s Alibaba sees shares tumble as outgoing CEO quits cloud business
Announcement that Daniel Zhang will not continue to lead cloud business takes markets by surprise.
Why is China banning officials and state employees from using iPhones?
Beijing is taking aim at Apple devices in the latest salvo in the US-China tech war.
China’s exports, imports fall as weak global demand clouds recovery
Exports slumped 8.8 percent in August to $284.87bn in the fourth straight month of decline.
Australia says Qatar’s strip-searches of women factor in blocking flights
Transport Minister Catherine King says 'invasive' gynaecological examinations a factor in rejecting Qatar Airways bid.
Why are China’s workers studying ‘Xi Jinping Thought’?
Chinese leader's writings are becoming a topic of discussion among employees at banks and state-owned enterprises.
Musk threatens to sue Anti-Defamation League over X’s falling revenue
Billionaire owner of platform formerly known as Twitter says anti-Semitism accusations have hurt company's bottom line.
India’s manufacturers cash in as brands seek refuge from US-China tensions
Indian firms are capitalising on a push by leading brands to diversify their suppliers away from China.
Malaysia lifts ban on Australian cattle imports after disease fears eased
Australia welcomes announcement as officials say country remains free of lumpy skin disease.
‘Russian-only’ businesses in Thailand’s Phuket spark backlash
Locals on tourist resort island claim Russians fleeing fallout of the war in Ukraine are stealing Thai jobs.