China’s Singles Day posts record sales of $84.5bn
World's largest shopping event offers vote of confidence in Chinese economy amid COVID and real estate woes
Category Archives: Economy
China-US declaration on climate only first step, analysts say
Sparse content of declaration leaves questions over commitments of the world's top two carbon polluters.
Why is Taiwan using APEC to lobby to join the CPTPP trade pact?
The self-ruled island is pushing to join one of the world's largest free-trade areas amid tensions with Beijing.
Australia launches $738m fund to support green tech
Announcement of investment in low emissions technologies comes amid criticism of country's record on climate change.
Deadline looms for Evergrande payment amid contagion fears
Chinese property giant is grappling with $300bn in liabilities as concerns for property sector grow
Japan to give minors $882 in cash, vouchers to boost economy
Ruling Liberal Democratic Party and coalition partner Komeito also agree to offer cash payouts to low-income households.
Pandemic recovery, climate top agenda at APEC leaders’ summit
Tensions are expected over Taiwan bid to join regional trade pact and US proposal to host 2023 meetings.
China admits it has ‘long way to go’ on environmental protection
Beijing's frank acknowledgement comes as it lays out new targets for lower emissions and clean air and water.
China’s Kaisa Group halts trading amid property market jitters
The Chinese developer's woes come amid liquidity crisis at troubled property giant Evergrande
China fires back after Biden slams Xi’s COP26 no-show
'Actions speak louder than words,' says Chinese foreign ministry following US criticism
As Hong Kong sinks deeper into isolation, foreign firms despair
Business hub’s strict ‘zero COVID’ policy fuels questions about future of ‘Asia’s World City’.
Venezuela introduces new currency, drops six zeros
Venezuela has for years seen some of the world's worst inflation, complicating cash transactions amid economic crisis.
NASA plans two new missions to Venus, the first in decades
Two new missions called DAVINCI+ and VERITAS aim to shed light on key aspects of Earth's so-called 'sister planet.'
China fines Alibaba record $2.75bn for anti-monopoly violations
Penalty is equivalent to about 4 percent of Alibaba's revenues in 2019 and comes unprecedented regulatory crackdown.
Asia extends global stock recovery as bond markets stabilise
A halt in the recent bond market sell-off eased investor nerves even as concerns about Chinese demand weighed on oil.
Asian shares rally on optimism of global recovery
Bond markets stabilise after central banks across the world assured of economic policy support.
Egypt capitalises on bond boom with $3bn borrowing plan
Low borrowing costs, hopes of a vaccine-driven global economic rebound are emboldening investors to bet on risky assets.
Anti-trust crackdown: China issues new rules targeting tech firms
Rules are likely to pressure firms such as Alibaba, JD.com, Ant Group and Tencent which dominate e-commerce in China.
Indian insider: Regulator bans tycoon from market for one year
Regulator bans Kishore Biyani for alleged trade in shares of Future Retail ahead of the release of price-sensitive data.
Change in the air: US to restart review of big offshore wind farm
Move is part of Biden administration's plan to speed up development of renewable energy on federal lands and waters.