Global shares hit record highs on hopes for COVID vaccines
Formal start of transition from US President Donald Trump to Joe Biden also reassures investors.
Category Archives: Economy
US telecoms regulator affirms China’s ZTE is a security threat
Federal Communications Commission ruled in June that Huawei and ZTE are threats, hindering deals with US firms.
China says has given debt relief of $2bn to developing countries
The poorest countries' official bilateral debt to G20 countries reached $178bn in 2019, with 63 percent owed to China.
Japan consumer prices fall at fastest pace in a decade in October
Drop creates concern of a return to deflation as people stay at home and curb spending due to coronavirus pandemic.
EU leaders try to solve political fight blocking big budget
Poland, Hungary vetoed budget because they think rule-of-law mechanism will be used as an ideological weapon.
Xi touts China’s ‘openness’ at Asia Pacific business leaders meet
Chinese president tells APEC CEOs Beijing will continue to cut its tariffs and expand imports of high-quality goods.
EasyJet posts first annual loss in its history amid pandemic
The pandemic has crushed easyJet's finances, forcing it to take on more debt and sell dozens of its aircraft.
Biden says US and its allies need to counter Chinese influence
US President-elect says US, allies need to be able to set global trading rules, after China-backed regional trade deal.
Stimulus boost: India gives more help to firms hit by coronavirus
Latest measure brings India's total coronavirus relief package to 15 percent of GDP.
Saudi Red Sea project plans 16 hotels by 2023 to boost tourism
Owned by a Saudi sovereign fund and backed by Crown Prince MBS, the project entails developing resorts on 50 islands.
Indian central bank data point to first ever recession
The Reserve Bank of India's figures suggest the economy shrank 8.6 percent in the July-September quarter.
Coronavirus research gets $500m in pledges at Paris forum
European countries, Gates Foundation promise to step up help to develop and distribute COVID therapies.
Buy now! COVID-19 sparks Southeast Asian e-commerce boom
Many consumers in region used mobile shopping for first time this year but lockdowns hammered spending on trips: Survey.
Booster shot: Asian shares extend rally on vaccine hopes
Pfizer's announcement of progress with its COVID-19 vaccine sent US stocks surging.
Malaysia budget: Government plans to maintain fiscal stimulus
Malaysia's government is trying to bring down a sharp rise in coronavirus cases while grappling with a political crisis.
Oil prices fall sharply as COVID-19 cases surge, US vote drags on
Record high daily virus cases in US and Italy dampen economic rebound hopes, keeping consumer demand for energy low.
Liked: India gives Facebook’s WhatsApp payment service a permit
Facebook is making a big push into India's huge market, after also agreeing to buy a stake in Jio Platforms in April.
Here’s another reason why fixing climate change is getting harder
A shortage of glass is making solar panels more expensive and delaying production, hurting China's top manufacturers.
Indonesia slumps into first recession since 1998 Asian crisis
Indonesia's economy shrank by 3.5 percent in the third quarter as the coronavirus surged through the country.
Investors cheer prospect of gridlocked US government
Asian shares near three-and-a-half year high as investors bet on less US regulation, lowered chance of tax hikes.