Global employment won’t recover before 2023: UN labour body
The International Labour Organization projects 207 million unemployed in 2022.
Category Archives: Economy
Hong Kong suspends transit flights to most of world over Omicron
'Asia's World City' continues descent into one of the most isolated urban centres on earth.
North Korean hackers stole $400m in crypto last year: report
Analysis firm says North Korean-linked hacks jumped from four in 2020 to seven in 2021.
China’s crude oil imports drop for first time since 2001
Decline comes as Beijing clamps down on the refining sector to curb excess domestic fuel production.
‘Not enough water’: Cambodia’s farmers face changing climate
Communities around Southeast Asia’s biggest lake are feeling the effects of droughts and rising demand for land.
‘COVID Zero’ Hong Kong pushes supply chain to breaking point
The slashing of flights into the city is set to raise costs and boost inflation.
For Lion Air crash relatives, Boeing comeback stirs raw memories
Indonesian authorities' decision to lift ban on Boeing 737 Max follows similar moves around the world.
Pakistan asks IMF to delay meeting amid failure to cut spending
International body was due to meet on January 12 to consider releasing $1bn of Pakistan's $6bn bailout.
Philippines urges Indonesia to lift coal export ban
Indonesia suspended coal exports on January 1 amid shortages at domestic power plants.
China probes head of top life insurer in anti-corruption campaign
Anti-corruption watchdog says Wang Bin is “suspected of serious violations of discipline and law."
Drowning in debt, South Korean businesses revolt over COVID rules
Restaurants, cafes, bars and gyms must close by 9pm until at least January 16 under latest pandemic restrictions.
China says stable economy ‘crucial’ political issue in 2022
Official says 'all regions and departments' must help stabilise economy ahead of key Communist Party meeting.
‘Won’t take it any more’: South Korea’s Starbucks baristas rebel
Workers' novel approach to labour activism holds lessons for old guard in country with a history of spirited protest.
Taiwan floats $200m fund to counter Chinese pressure on Lithuania
Offer comes as Baltic nation faces retaliation from Beijing for allowing representative office under the name of Taiwan.
Taiwan buys 20,000 bottles of Lithuanian rum after China snub
Taiwan Tobacco and Liquor Corp says it bought the alcohol after learning Chinese customs had blocked its import.
Indonesia secures coal supplies amid hopes of end to export ban
The world's top exporter of the coal used in power plants banned exports to avoid power outages.
China Evergrande’s shares jump after suspension of trading
Property giant insists government order to demolish 39 buildings on resort island will not affect rest of project there.
China to subject firms to cybersecurity test before foreign IPOs
Cyberspace Administration of China will apply new rules to firms that hold data for more than 1 million users.
Theranos’s Holmes found guilty on four counts in fraud trial
Holmes acquitted on four counts, while jury failed to reach a decision on three counts.
For Vietnamese stranded overseas, questions of fairness and means
Vietnam's repatriation flights for citizens stranded overseas have been dogged by cost and favouritism concerns.