China’s great leap forward in chips faces US pushback
Beijing's efforts to secure dominance over critical chips are facing growing resistance from Washington.
Category Archives: Economy
US, Asian countries begin trade talks with tariff cuts off table
Indo-Pacific Economic Framework talks seek platform for economies to engage on trade, supply chains, labour standards.
Romanian low-cost carrier Blue Air cancels flights until Sept 12
Move comes after environment ministry blocks airline's bank accounts for failing to pay a fine.
China’s exports weaken, imports fall amid COVID curbs
Exports rise 7 percent from a year earlier to $314.9 bn, barely one-third of July expansion.
Honda to set up China venture to make batteries for EVs
Japanese carmaker to launch venture with Dongfeng Motor Group and Guangzhou Automobile Group Co at the end of month.
Australia economy grows 3.6% annually on spending, exports
Strong economic results come as inflation is running at a 21-year high of 6.1 percent.
China droughts highlight energy challenge as climate heats up
Hotter weather is expected to push China’s enormous energy consumption even higher in the coming years.
China’s JD.com, Yum China chosen for US audit probes: Sources
Chinese firms notified they will be among first batch of companies to be inspected in Hong Kong by US audit watchdog.
South Korea to scrap COVID tests for arrivals in boost for travel
Travellers to the country will no longer be required to present a negative coronavirus test result starting on Saturday.
South Korea proposes first spending cut in 13 years
First budget under right-leaning President Yoon Suk-yeol proposes 6 percent cut in government spending in 2023.
As China’s property crisis grows, is the global economy at risk?
China's house prices are falling as Beijing reins in sector, raising fears for economic growth at home and globally.
Australia PM touts workplace reform plans as he marks 100 days
Anthony Albanese expresses hope for a 'culture of cooperation' as country recovers from COVID-19 pandemic.
Hong Kong July home prices fall to lowest since early 2020
Home prices in one of the world's most unaffordable housing markets eased 1.6 percent last month.
Asian stocks slide on fears of sharp rate hikes in US, Europe
Markets drop as US Federal Reserve Chair Jerome Powell promises policy "pain" to contain inflation.
China’s oil giants post record profits on surging fuel prices
PetroChina Co, Sinopec and Cnooc Ltd report historic takings in the January-to-June period.
EU’s Borrell says visa ban for Russians would lack support
Foreign policy chief says he favours being more "selective" about granting visas to Russians.
District beside Beijing locks down over single COVID-19 case
Xianghe, in China's Hebei province, issues stay-at-home order to 384,000 residents over preliminary positive case.
Japan’s Kishida to announce easing of pandemic border controls
Japanese leader expected to scrap coronavirus tests for vaccinated travellers and raise cap on daily arrivals.
Kia, Hyundai SUVs should park outdoors over fire risk: watchdog
South Korean carmakers have recalled thousands of Hyundai Palisade and Kia Telluride vehicles over trailer hitch issue.
China’s southwest extends power curbs amid scorching weather
National Meteorological Center reports record temperatures at 62 weather stations.