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.
Category Archives: Economy
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.
China cuts lending benchmarks to revive stuttering economy
Moves come after economy unexpectedly slowed in July and global investment banks cut growth forecasts.
Israeli spyware company NSO Group CEO steps down
Surveillance firm is embroiled in legal action after allegations that its tools have been used to target dissidents.
Chinese-Canadian billionaire Xiao sentenced to 13 years in prison
Shanghai court says tycoon Xiao Jianhua carried out corrupt practices including bribery and the illegal use of funds.
Myanmar to import Russian oil amid supply concerns, military says
Southeast Asian country has maintained friendly ties with Russia amid Western sanctions and isolation.
Suspected Chinese hackers spied on gov’ts, NGOs, media: Report
Cybersecurity firm says Amnesty International and Taiwan's ruling party among organisations targeted in campaign.
US and Taiwan announce trade talks amid tensions with China
Officials say US-Taiwan Initiative on 21st-Century Trade will build "fairer, more prosperous and resilient" economy.
‘Reasonable to conclude’ forced labour in China: UN expert
Special rapporteur on slavery says some abuses in Xinjiang could amount to "crime against humanity".
New Zealand central bank hikes rates, signals aggressive stance
Reserve Bank of New Zealand unveils seventh straight hike, lifting benchmark rate to 3 percent.
China’s premier urges pro-growth policies as economy sputters
Li Keqiang calls on provinces to bolster growth after consumption and output fall short of expectations.