China stocks, yuan slide as Beijing doubles down on ‘zero COVID’
Market jitters follow Beijing warning against any questioning of its controversial pandemic strategy.
Category Archives: Economy
A bit rich? Billionaires’ climate efforts draw scepticism, praise
Mega-rich figures such as Andrew Forrest spend billions on climate change solutions while adding to carbon emissions.
Dollar o’clock: Should Zimbabwe axe its faltering currency again?
The southern African state once adopted US dollars as legal tender when hyperinflation rendered its currency worthless.
Taiwan cracks down on China poaching tech talent
Taipei is ramping up efforts to stem brain drain in semiconductor industry as officials warn of a 'red supply chain'.
Tesla most ‘future-ready’ carmaker, China’s BYD rising: Report
Japan’s Toyota second, followed by Germany’s Volkswagen and South Korea’s Hyundai.
Australia’s Q1 retail sales speed past forecasts
Retail sales jumped 1.6 percent in March to a record $23.9bn, topping forecasts of a 0.6 percent gain.
As Vietnam reopens, villagers seek more sustainable tourism
Villagers in remote Dien Bien Phu are looking to traditional homestays to encourage tourism without overdevelopment.
Hong Kong GDP falls more than expected as COVID curbs bite
Economy shrinks 4 percent in the January-to-March period from a year earlier, according to advance estimates.
Hong Kong to open beaches, extend nightlife as COVID curbs ease
Financial hub's coronavirus restrictions have battered business and prompted tens of thousands of residents to leave.
South Korea’s consumer prices rise at fastest pace since 2008
Asia’s fourth-largest economy saw its consumer price index rise 4.8 percent last month from a year earlier.
Hong Kong’s ex-cop leader-to-be faces doubts on economic chops
John Lee to take over business hub as economy languishes after two years of political crackdowns and pandemic controls.
Russia-Ukraine war: After Russia avoids default, what is next?
Russia's $40bn in bonds and the chance of a default closely watched amid country's isolation over Ukraine war.
Europe scrambles for long-term fix after Putin cuts off gas
European energy providers open Russian rouble accounts for gas, challenging bloc's united front against Moscow.
Oil propels Saudi GDP growth to near 10 percent in first quarter
Saudi Arabia records fastest economic growth rate in a decade as oil sector fuels a 9.6 percent rise in first quarter.
Musk and Twitter, inflation woes, and a palm oil crisis
We gather the numbers from the week’s biggest economic and business news stories so you can impress your friends.
South Korea’s new gov’t to compensate businesses for COVID curbs
President-elect Yoon Suk-yeol's transition team does not specify how much small businesses will be paid.
South Koreans struggle to climb property ladder as prices explode
The average price of an apartment in Seoul has doubled in five years despite government efforts to cool the market.
Oil steady as Russia supply fears meet Asian demand concerns
Prices stay on even keel after Russia cuts gas supplies to Bulgaria and Poland.
Asia facing ‘stagflationary’ risks, IMF official warns
Senior official points to Ukraine war, soaring commodity prices and China’s economic slowdown as risks to the region.
Could Asia save Putin from an EU energy ban? It’s not so simple
Infrastructure issues, political pressure and low demand could prevent Asia from absorbing diverted energy supplies.