2023 to be tougher for global economy than 2022, IMF chief says
IMF Managing Director Kristalina Georgieva says one-third of world's economies expected to be in recession this year.
Category Archives: Economy
Japan eases COVID curbs on flights from Hong Kong after backlash
Hong Kong travellers will be able to fly into three more Japanese airports than previously as measures eased.
China to import 45 foreign video games, grants multiple licences
Moves mark latest easing of rigid curbs that have hammered China's gaming industry since August last year.
China’s industrial profits sink in deepening slump
Industrial profits fell 3.6 percent in January-November from a year earlier, government data shows.
US’s New Jersey may limit TikTok to separate devices, emails show
Democratic-governed state is considering joining Republican-led efforts to limit Chinese app, records request shows.
TikTok staff accessed data to track journalists, ByteDance finds
Chinese parent company of popular video app says the employees responsible are no longer with the company.
WTO rules against US in Hong Kong labelling dispute
Three-person panel finds US-China tensions do not justify unfavourable treatment of the financial hub.
FTX founder Bankman-Fried’s colleagues plead guilty to fraud
Gary Wang and Caroline Ellison have agreed to cooperate with the authorities, according to US prosecutors.
Musk says to step down as Twitter CEO after successor found
Musk says he will step down from platform as soon as he finds someone "foolish enough to take the job".
World Bank slashes China’s growth outlook to 2.7 percent in 2022
US-based institution sees China's economy growing 4.3 percent next year, down from 8.1 percent.
China’s smartphone giant Xiaomi slashes workforce: reports
Chinese smartphone maker says it has implemented routine "personnel optimisation and organisational streamlining".
Democratic stronghold Washington state may join GOP’s TikTok bans
Washington state is considering banning the Chinese-owned app for government business amid national security concerns.
China calls for ‘arduous efforts’ to revive economy
State planner's comments come after the release of worse-than-expected economic data for November.
Twitter suspends journalists who report on Elon Musk
Twitter owner accuses journalists of endangering his family as press groups condemn suspensions.
Apple looks beyond ‘iPhone factory’ China as dalliance sours
Tech giant is seeking to redirect supply chains to India and Vietnam amid fears of overdependence on China.
China’s retail, factory output slump as COVID curbs hit growth
Factory output and retail sales missed forecasts in November amid lockdowns and weakening global demand.
Australia accuses Apple, Microsoft of overlooking child sex abuse
Internet safety watchdog says tech giants should automatically scan for child exploitation material on their services.
China readying $143bn package for chip firms in face of US curbs
Beijing to roll out subsidies and tax credits to bolster semiconductor production and research, sources say.
Squeezed between China and Russia, Mongolia’s herders feel pinch
Mongolian tent-dwellers face growing hardship amid skyrocketing energy costs and falling livestock prices.
Australia lifts interest rates, adding to mortgage pain
Reserve Bank of Australia lifts benchmark rate to 3.1 percent in effort to bring down high inflation.