Sri Lanka’s Chinese-built port city stirs white elephant fears
Sri Lankans are questioning the feasibility of Port City Colombo as their country faces its worst economic crisis.
Category Archives: Economy
Tesla to recall 362,000 US vehicles on full self-driving software
Software allows vehicles to 'exceed speed limits or travel through intersections in an unlawful' manner, says regulator.
North Korea’s Kim Jong Un breaks ground for apartments, farm
North Korean leader attends groundbreaking ceremonies amid concerns for isolated country's food situation.
South Korea’s Yoon calls on banks, telecoms to ease living costs
South Korean President Yoon Suk-yeol calls on private sector to 'share the pain' to ease struggles of most vulnerable.
China to resume visas for South Koreans after COVID row
Move comes after Seoul last week scrapped COVID-related travel restrictions for arrivals from China.
Air India unveils ‘historic’ orders for 470 Boeing, Airbus jets
Orders come as India's growing middle-class drives surging demand for affordable air travel.
Canada announces rules to protect intellectual property
Ottawa will limit funding for projects that include researchers from institutions with ties to foreign governments.
Modi ally says BJP has ‘nothing to hide’ amid Adani controversy
India's home minister Amit Shah makes comments after ruling party accused of favouritism towards embattled conglomerate.
Japan names university academic as next central bank governor
Economics professor Kazuo Ueda's nomination comes after outgoing governor's deputy reportedly turned down the role.
Japan’s economy rebounds less than expected amid COVID recovery
Asia’s second-largest economy grows 0.2 percent during the October-December period, falling short of expectations.
‘Surprisingly resilient’: IMF lifts global growth forecasts
Fund says demand in the US and Europe has been stronger than expected, and that only the UK faces a recession.
Japan, Netherlands to join US in China chip controls: Bloomberg
Agreement on tighter export controls on China would be seen as a big diplomatic win for US President Joe Biden.
A US state asked for evidence to ban TikTok. The FBI offered none
Emails show officials in the state of Connecticut opted not to ban the Chinese-owned app after consulting with the FBI.
Indonesia’s charity laws in spotlight after Lion Air crash scam
Three charity workers have been given prison terms for misappropriating $7.8m from a victims' fund set up by Boeing.
Philippine economy grows at fastest pace in 40 years
Analysts warn global slowdown and soaring inflation point to a difficult year ahead for the Southeast Asian economy.
South Korean economy shrinks for first time since 2020
Sagging exports and private consumption see Asia's fourth-largest economy contract for first time in 2-1/2 years.
Anguish as India’s Slumdog Millionaire slum faces wrecking ball
Residents of Mumbai's Dharavi shantytown are anxious about their future as the slum faces $2.4bn redevelopment.
Spotify to announce layoffs as soon as this week: Bloomberg
Swedish audio streaming giant reportedly planning job cuts after recent layoffs at Apple, Google, Microsoft and Amazon.
Google vows to cooperate with India watchdog after Android ruling
India's top court has upheld an antitrust order forcing the tech giant to change how it markets its Android platform.
Japan’s prices rise at fastest pace since 1981
Consumer prices in the world’s third-biggest economy rose by 4 percent in December.