‘Severe test’: As North Korean economy tanks, Kim needs solutions
North Korea's economy likely shrank by 8.5 percent this year due to COVID-19 restrictions, Fitch Solutions says.
Category Archives: Economy
Asia investors bet on 2021 rebound, sending shares to record high
Investors expect authorities to continue to make it easy for banks, businesses and people to borrow money.
EU, Chinese leaders to announce hard-fought investment deal
The deal addresses complaints by the EU and US about China's industrial subsidies and forced technology transfers.
Asian shares jump on hopes of bigger US fiscal stimulus measures
US House of Representatives voted to increase stimulus payments to qualifying Americans to $2,000 from $600.
Trump bolsters order barring US investment in some Chinese firms
Order passed in November blocks US investors from buying securities of Chinese firms allegedly under military control.
Kill the bill? Here is what might happen to US COVID aid measure
Trump has hinted he might veto legislation passed by Congress if payments to individuals are not increased.
British pound slips below multi-year high after Brexit deal
Investors say the UK-EU trade deal leaves the UK facing many economic uncertainties.
Stocks, British pound get Brexit lift, Alibaba hit by China probe
British and EU negotiators closed in on a trade deal with days to go before UK's exit from the EU's trading arrangement.
‘Demand-side’ reforms: In China, this means cutting inequality
China's leaders have for years been upgrading industry and cutting oversupply, now they want to boost consumer spending.
UK’s ethnic wealth gap: Difference between groups widens
Low savings among certain Black and Asian groups in UK hurt their ability to cope with COVID-19 crisis, think tank says.
India’s economy appears to be stabilising as shoppers return
Business activity, company order books and output prices have rebounded sharply since their coronavirus lockdown lows.
Online shopping: Great for bargains, terrible for the environment
Packaging discarded after China's Singles' Day shopping event is hurting government's attempts to reduce waste.
Mutant virus adds to Brexit concerns as UK suppliers sound alarm
British industry group warns of possible disruptions to fresh food supplies over Christmas holiday.
Asian stocks rise on positive growth outlook
Asian stock markets rise on hopes of a better-than-expected regional economic recovery supported by China's rebound.
China imposes additional duties on Australian wine
China has imposed fresh duties on Australian wine, the latest salvo in a bitter standoff between the two countries.
Asian stocks head lower on fears of fresh virus cases
Stocks dip as fears of a surge in COVID-19 cases overshadow hopes of additional US stimulus.
Is ‘Big Oil’ becoming ‘Big Carbon’? Revenue falls force rethink
Firms such as BP and Shell invest in carbon-offset strategies but environmentalists are divided over such moves.
Japan announces $708bn in fresh stimulus as COVID-19 cases rise
Japan announces a fresh stimulus package worth $708bn even as new COVID-19 cases cast a shadow on better GDP data.
Davos in the tropics: World Economic Forum opts for Singapore
World Economic Forum to hold its next annual meeting in Singapore in May rather than coronavirus-hit Switzerland.
China’s virus-free ‘Hawaii’ sees tourism boom
A tourism boom in Hainan province, China's 'Hawaii', which has been virus-free for six months, is boosting the economy.