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.
Category Archives: Economy
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.
Binance, CEO Zhao to seek dismissal of US watchdog’s complaint
Commodity Futures Trading Commission is suing crypto exchange for allegedly operating 'sham' compliance program.
Philippines to lower bar for nurses as low pay drives many abroad
Exodus of nurses due to poor working conditions has prompted Manila to propose hiring unlicensed graduates.
Adidas gets $565m in orders for unsold Yeezy shoes
German sportswear company has taken orders for 4 million pairs after anti-semitism row, Financial Times report says.
China’s state planner unveils steps to boost private investment
National Development and Reform Commission says it wants to attract more private capital for major projects.
‘Barbenheimer’ conquers box office with $235m opening
Barbie and Oppenheimer deliver a boost to Hollywood amid strike and sluggish start to the summer at the box office.
Australia blocks acquisition of lithium mine by China-linked firm
Treasurer Jim Chalmers prevents Austroid Corporation from acquiring Alita Resources after advice from investment board.
Japan’s inflation speeds up as central bank weighs interest rates
Prices in world's third-largest economy grew 3.3 percent in June amid expectations BOJ will stick to ultra-loose policy.
Russia’s exit from grain deal puts focus on Asia’s food prices
Analysts say food prices in Asia are likely to rise but the fallout will be limited for the time being.