Tokyo Metro shares soar in Japan’s biggest IPO since 2018
Japanese subway operator's shares soar as much as 47 percent in biggest listing since 2018.
Category Archives: Economy
McDonald’s linked to E. coli outbreak that left 1 dead, dozens sick in US
At least 49 people sickened after E. coli outbreak linked to McDonald’s quarter pounders, health officials say.
Southeast Asia deepening dependence on fossil fuels, report warns
ASEAN's 10 members met the entirety of region’s rise in electricity demand last year through fossil fuels, report says.
China posts slowest growth since aftermath of ‘zero COVID’ curbs
World’s second-largest economy grows 4.6 percent in third quarter amid weak consumer demand and property woes.
In Taiwan, boba tea fans bemused at Dragons’ Den cultural appropriation row
Taiwanese struggle to understand the fuss after Chinese-Canadian actor Simu Liu calls out Montreal-based company.
TSMC posts forecast-beating profit amid soaring demand for AI chips
World’s largest contract chipmaker reports record $10.1bn net profit for the third quarter.
Thailand, where Buddhism reigns, challenges Malaysia for Asia’s halal crown
Bangkok recently unveiled a four-year plan to capitalise on the growing market for Muslim-friendly food and products.
Australia announces plans to ban debit card surcharges
Australian Prime Minister Anthony Albanese says move would help ease cost of living for households.
Google signs deal with startup to build small nuclear reactors to power AI
Deal with Kairos Power comes as tech giants are scouring the globe for electricity sources to power data centres.
Malaysia’s stock market, once dubbed ‘world’s worst’, is making a comeback
Malaysian stocks are having a moment in the sun amid robust economic growth and influx in investment by US tech giants.
Indonesia eyes hefty tariffs on China as businesses decry cheap imports
Jakarta is proposing 200 percent tariffs on Chinese goods, citing the United States' policies as an inspiration.
Malaysia could reach high-income status by 2028, World Bank says
Southeast Asian economy on track to reach milestone within four years after 2024 growth forecast raised to 4.9 percent.
Houthi Red Sea attacks still torment global trade, a year after October 7
Yemen's rebel group has launched some 130 attacks in the crucial waterway since the start of the war in Gaza.
Could US port strike be the ‘October surprise’ that trips up Kamala Harris?
Strike by 45,000 dock workers threatens to stoke inflation just five weeks out from US presidential election.
After vowing to halt Japan’s economic decline, Kishida leaves mixed legacy
Japanese leader's 'new capitalism' produced some positive results but economy still faces major obstacles, analysts say.
Components for pagers used in Lebanon blasts not from Taiwan, minister says
CEO of Taiwan-based Gold Apollo released after questioning over role in deadly explosions.
Facebook owner Meta bans RT, other Russian state media
Tech giant's announcement comes days after Washington unveiled sanctions against Russian state media.
Elon Musk deletes post about Harris, Biden assassination after backlash
White House condemns Tesla CEO's post on X as 'irresponsible'.
Trump promises to scrap all taxes on overtime if re-elected
Republican candidate says workers who put in more than 40 hours should not pay taxes on overtime.
Harris-Trump debate: The stat about incomes that may swing the US election
Inflation-adjusted median household income rose last year for the first time since the pandemic, new data shows.