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.
Category Archives: Economy
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.
South Korea’s economy slows in Q1 on COVID curbs, inflation
Economic growth nearly halves in first quarter to 0.7 percent amid lower spending due to COVID curbs and inflation.
‘Hurting the vulnerable’: Indonesia’s palm oil ban ignites prices
Ban on palm oil exports adds to global food security fears amid poor harvests and the war in Ukraine.
Asian stocks slide to six-week low on Beijing lockdown fears
MSCI's broadest index of Asia-Pacific shares outside Japan slides 2.5 percent to a six-week low.
Apple supplier Foxconn suspends production at two China factories
Operations halted at factories in eastern China's Kunshan after COVID-19 cases reported, report says.
After licence freeze, China’s game industry sees tough recovery
Beijing is continuing its strict oversight of the gaming sector despite lifting nine-month freeze on new titles.
China’s GDP, dubious COVID statistics and East Timor’s election
We gather the numbers from the week's biggest economic and business news stories so you can impress your friends.
IMF chief warns of global risks from prolonged China slowdown
Kristalina Georgieva says Beijing has room to take measures to support world’s second-biggest economy.
Indonesia’s central bank cuts growth outlook, holds rates steady
Bank Indonesia keeps benchmark interest rate at 3.50 percent, in line with forecasts.
Southeast Asia’s fishery workers overlooked in COVID relief: UN
ILO says migrant workers in the fishing industry are treated as 'out of sight, out of mind'.
Tesla and other firms look to reopen Shanghai factories: Sources
Megacity is making efforts to exit COVID-19 lockdown that has forced most businesses to shut for three weeks.
Stocks, futures drop amid China, inflation concerns
Stocks and US equity futures decline as a jump in energy costs again highlights inflation concerns.
China’s growth beats forecasts, but COVID, Ukraine risks grow
Stronger-than-expected figures cover only a small period of ongoing ultra-strict lockdown in Shanghai.
Japan’s struggling tourism sector despairs at lack of COVID exit
Japan is increasingly an outlier in a region that is lifting border restrictions and reviving quarantine-free travel.