House Democrats press for vote on US-China competition bill
Legislation would provide $52 billion to support domestic chip research and $45 billion to improve supply chains.
Category Archives: Economy
Rio Tinto report finds culture of sexual harassment, racism
Nearly half of all employees who responded to the external review said they had been bullied.
Australia’s retail boom slows as Omicron spreads
Retail sales slide in December due to COVID surge after two months of big gains.
Hong Kong quarantine raised safety discussion at UK aviation body
Civil Aviation Authority officials discussed 'safety implications' of city's ultra-strict pandemic rules, emails reveal
Omicron dashes China’s hopes of Olympics boosting its economy
Coronavirus flare-ups and pollution curbs are weighing on consumer and industrial activity ahead of Winter Games.
Asia shares in cautious mood, oil keeps climbing
China's factory activity slows in January as resurgence of COVID-19 cases and tough lockdowns hit production and demand.
Police arrest Macau’s No 2 junket boss in crackdown
Authorities in the Chinese territory are stepping up a crackdown on illicit capital outflows from mainland China.
SoftBank COO Marcelo Claure exits, reportedly over pay
The latest blow follows a string of high-profile departures at the technology investor.
IMF urges El Salvador to strip Bitcoin’s legal tender status
El Salvador last year sought a $1.3bn IMF loan, but talks have been stymied by the lender’s Bitcoin concerns.
Japanese advisory body to approve COVID curbs for most of country
Japan reported more than 44,000 new COVID-19 cases on Monday.
South Korea’s GDP growth hits 11-year high as exports boom
Bank of Korea data shows Asia's fourth-largest economy expanded 4 percent in 2021 despite the pandemic.
Australian PM’s WeChat account hijacked and renamed
Government senator describes blocking of account as 'foreign interference' in Australian democracy.
How a billionaire’s cruise empire imploded in Hong Kong
Once-thriving Genting Hong Kong is headed for liquidation after seeing business evaporate during the pandemic.
South Korea unveils $12bn budget to cushion blow of COVID curbs
Restaurants, bars and gyms have been hit hard by a business curfew that will remain in place until at least February 6.
Western Australia extends COVID-era separation from country
Western Australia has cancelled plans to reopen its inter-state borders due to the spread of the Omicron variant.
Biden ‘not there yet’ on easing tariffs on Chinese goods
US president says China not meeting commitments under a Phase 1 trade deal signed by his predecessor Donald Trump.
China car sector falling short of ‘net zero’ goals: Greenpeace
Environmental group says China must cut emissions by at least 20 percent by 2035 to reach net zero by 2060.
China’s Xi calls on nations to secure global supply chains
Leader of world's No. 2 economy makes remarks amid preparations to secure unprecedented third term in power.
Hong Kong police arrest two former air crew over COVID breaches
Arrests come after Cathay Pacific said in January it fired two air crew for allegedly violating COVID-19 protocols.
Down but not out: China’s Alibaba looks towards challenging 2022
Chinese tech giant's deep pockets and ability to adapt are seen as key to weathering the tough year ahead.