Hyundai reviewing Russia plant after reports of Kazakhstan sale
South Korean automaker says it is considering 'various options' for Saint Petersburg factory.
Category Archives: Economy
China blasts Germany over reported plan to ban Huawei, ZTE
Chinese embassy says it opposes 'abuse of state power' following report Berlin will ban Chinese firms from 5G network.
White House backs bill to allow ban on Chinese-owned TikTok
White House national security adviser Jake Sullivan claims bill addresses “technology-based threats" to Americans.
Russia considering challenge to US nominee to head World Bank
Moscow consulting with allies about challenging ex-Mastercard CEO Ajay Banga, Russian media report says.
US tech firms grapple with latest curbs on China’s Inspur
US tech firms are assessing if they need to halt sales to Inspur's subsidiaries as the parent is on an export curb list.
Australia’s wealth fund screens Chinese firms at risk of US bans
Chairman of Future Fund says screening portfolio as Biden administration plans new curbs for Chinese technology firms.
Sri Lanka says ‘positive news’ coming from IMF on $2.9bn package
Sri Lankan President Ranil Wickremesinghe is expected to address parliament on progress made in IMF negotiations.
Southeast Asia the ‘new China’ for supply chains: business group
ASEAN Business Advisory Council chairperson Arsjad Rasjid says region should be 'supply chain of the world'.
Bank of America CEO predicts ‘slight’ US recession this year
Bank of America CEO Brian Moynihan says he expects mild downturn in third quarter of 2023.
Indonesians query tax official’s wealth after viral assault video
Tax official's finances investigated after a video appearing to show his son attacking a teen spreads online.
China beating West in race for critical technologies, report says
China leads the world in 37 out of 44 critical technologies, according to a report by an Australian think tank.
North Korea’s Kim says ‘nothing impossible’ amid agriculture push
North Korean leader stresses need to build 'rich and highly-civilised' communities amid reported food shortages.
Tesla flags lower costs, but Musk does not unveil cheaper car
Chief Executive Elon Musk fails to announce much-awaited affordable electric vehicle at company's latest investor day.
China wants AI to rival ChatGPT. Censorship makes that tricky
Chinese firms including Baidu and Alibaba are racing to roll out versions of the chatbots taking tech world by storm.
China’s factory output smashes forecasts with decade-high growth
Manufacturing Purchasing Managers' Index hits its highest reading since 2012 after Beijing's lifting of COVID curbs.
North Korea’s Kim orders ‘radical change’ in agriculture
North Korean leader calls on officials to meet production targets after South Korea warns of "grave" food situation.
Japan seeks charges against ad firms over Olympics contracts
Japanese authorities have alleged that companies rigged the bids for 26 contracts worth $3.95m.
US announces crackdown on child labour amid surge in violations
Biden administration announcement comes after reports of underage refugees and migrants working in dangerous industries.
Will China’s latest investment in Afghanistan actually work?
While a deal to extract oil has raised hopes in the war-torn nation, experts warn of China’s sketchy record.
IMF unveils crypto plan, advising against legal tender status
Global lender recommends countries craft crypto policies that 'safeguard monetary sovereignty and stability'.