Tesla asks shareholders to restore Elon Musk’s $56bn pay deal
Tesla Chair Robyn Denholm says company believes in 'big risks for the chance of big rewards'.
Category Archives: Economy
Canada’s Trudeau government asks rich to pay more in pitch to Gen Z
Budget proposes higher capital gains taxes and billions in spending on education, housing, jobs and mental health.
After leaving the grind in Asia, Filipino women find exploitation in Poland
Filipino migrant workers in European country allege wage theft, salary deductions and passport confiscation.
Stocks slide on Middle East tensions as hope crisis contained stems losses
Stock markets in Australia, Japan, Hong Kong, Singapore and South Korea fall after Iran's attack on Israel.
Singapore’s economy misses forecasts with 2.7 percent growth
City-state's performance is closely watched as a barometer of global economic conditions.
Singapore tightens rules for expat workers with an eye on local discontent
The city-state is raising the salary threshold for foreigners to get a work permit amid stiff competition for jobs.
From unfair trade to TikTok: US Treasury Secretary Yellen’s China trip
US-China talks come amid Biden administration's complaints that Beijing is unfairly subsidising Chinese industries.
Tesla settles lawsuit over Autopilot crash that killed Apple engineer
The settlement avoids a jury trial months ahead of Tesla's scheduled release of a self-driving taxi.
Biden unveils $6.6bn for Taiwan’s TSMC to ramp up US chip production
Taiwanese chip giant will build third facility in Arizona as part of $65bn investment in the US.
Paddy Cosgrave returns to Web Summit after resigning over Israel criticism
Cosgrave resigned as CEO in October after backlash to post accusing Israel of committing war crimes in Gaza.
At Indonesia’s biggest bank, customers’ savings can vanish with a click
Indonesians robbed of their savings in cyber scams report little relief from banks or authorities.
Thailand’s economy stumbles as Philippines, Vietnam, Indonesia race ahead
Thai economy is falling far behind its Southeast Asian peers amid growing middle-income trap fears.
OpenAI debuts voice cloning tool, but deems it too risky for public release
ChatGPT creator says Voice Engine can replicate a person’s voice based on a 15-second audio sample.
South Korean bus drivers return to work after strike causes rush-hour chaos
Seoul Bus Labor Union agrees to 4.48 percent wage rise to return to work.
US stock market hits record high after three-day lull
S&P 500 rises 0.9 percent as major players including Apple and Tesla see gains.
Economic conditions in debt-stricken Sri Lanka improving, IMF says
IMF says inflation has dropped from 70 percent, economy expanded in the second half of 2023.
Social media company Reddit soars to $9bn valuation in Wall Street debut
San Francisco-based social media platform's shares close at $50.44 in long-awaited initial public offering.
Malaysia welcomes Chinese tourists back in droves after pandemic slump
Kuala Lumpur targets record 5 million Chinese visitors in 2024 as it hopes to accelerate post-pandemic recovery.
In Indonesia and Malaysia, boycotts hammer McDonald’s, Starbucks
Boycotts over the Gaza war are hitting big brands in Southeast Asia despite local owners denying links to Israel.
Bank of Japan scraps negative interest rate in first hike in 17 years
Japan's central bank begins unwinding one of the world's most aggressive monetary easing programmes.