Business
China banks ramp up bad property loan disposals to boost economy
China’s big banks are accelerating a drive to write off soured property loans to clean up their balance sheets as they heed calls by…
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Economy
Business
China’s restaurants race to the bottom in deflation-hit economy
In a dilapidated warehouse on the outskirts of the Chinese capital, businessman An Dawei inspected rows of giant fridges, industrial hobs…
Business
US: Wall Street ends sharply lower on mounting concerns over economy, tariffs
US stocks tumbled on Friday (Feb 21), extending their sell-off in the wake of dour economic reports and closing the book on a…
News
George Clooney Says Biden ‘Was Terrible at Explaining’ the World Economy, Warns of CBS News Settling With Trump: ‘It Has a Chilling Effect on the Press’
George Clooney had some pointed remarks about the Donald Trump administration, describing the current political climate as one where…
Business
Goldfinch Stakes Claim in Indonesian Creative Economy With Government-Backed Venture (EXCLUSIVE)
U.K. entertainment financier Goldfinch is making power moves in Southeast Asia’s largest market, inking a landmark joint venture to launch…
Business
RBNZ set to deliver third half-point rate cut to revive economy
NEW Zealand’s central bank is set to deliver its third big interest-rate cut in a row and signal further reductions this year to rekindle…
News
Trump slaps punishing tariffs on Mexico, Canada and China, sparking fears of a trade war
MEXICO CITY — President Trump slapped sweeping tariffs on goods from Mexico, Canada and China on Saturday, sending shock waves through the…
Business
A new Syrian government struggles to reset its corrupt, besieged economy
ALEPPO, Syria — To understand the shakedown empire that was once Syria under former President Bashar Assad, consider the notorious…
Business
Chinese commodities firms bear the brunt of a slowing economy
Overcapacity has compounded the impact of China’s slowing growth on these stalwarts of the old economy CHINESE industrial profits show…
Business
Posts falsely claim Ethiopia overtook Nigeria to become Africa’s fourth-largest economy
Nigeria’s economy has struggled in recent years due to lower oil prices and tough economic reforms, resulting in a severe cost-of-living…
Business
You wasted $771 sitting in traffic last year
The average driver lost $771 in time and productivity due to traffic jams in 2024, a transportation analyst at INRIX told Newsweek. Why It…
Business
Japan’s Seven & i deal related to national security: economy minister
JAPANESE economy minister Ryosei Akazawa said on Wednesday (Jan 8) he believed a potential foreign acquisition of retail giant Seven & i…
Business
Hong Kong banks hoard record piles of cash as economy sputters
HONG Kong banks are hoarding cash and liquidity despite calls by the government to help out struggling small businesses with funding to…
Business
MTI's Preliminary Forecast Suggests Singapore's Economy Grew 4.3% in the Fourth Quarter, Slower Than the Previous Quarter
According to preliminary estimates provided by the Ministry of Trade and Industry (MTI) on Thursday (Jan 2), Singapore's GDP grew 4.3…
News
Column: Mea culpa: I got some things wrong in 2024. At least I hope I did
WASHINGTON — I spent much of 2024 warning readers that a second Trump presidency would do serious damage to American institutions,…
Business
Biggest danger in Trump era is risk of US economy overheating
The president-elect and his supporters seem determined to shake things up, but this could mean market volatility MOST Wall Street…
News
Manmohan Singh, former Indian prime minister, survived by family
What's New Manmohan Singh, India's former prime minister, died on Thursday at age 92 and is survived by his wife and three daughters. The…
Business
Americans say Santa will be less generous this year
What's New Sixty-eight percent of Americans said that Santa will be less generous this Christmas because of economic pressure, according…
News
Russia's economy is set to lose another source of income that Ukraine controls
Russian leader Vladimir Putin has acknowledged that his country's natural gas transit deal with Ukraine will not be renewed.Sergei…
Business
Never mind Trump, stocks may get a lift in 2025 from resilient US economy and corporate earnings
Singapore investing themes include riding elevated profitability at the banks; hunting for bargains among beaten down Reits; and watching…
News
Column: Trump's promised deportations are on a collision course with a California economy built on hypocrisy
This country has always had a hypocritical relationship with the undocumented workers who keep America’s agricultural, construction and…
Business
China faces AI talent shortage in an otherwise booming 'new economy' sector, report finds
China's booming artificial intelligence (AI) industry has a plethora of job openings but not enough talent to fill them, according to a…
News
Column: The U.S. economy is doing very well. But don't give too much credit to Biden — or Trump
One of Donald Trump’s closing campaign arguments was that he would deliver a new “golden age” for America. This week, he announced that…
Business
‘The military has been inserted into the economy’: how the army became ubiquitous in Mexican life
A new package holiday promises to whisk tourists in the Yucatán Peninsula from plush hotels to Mayan ruins on a new airline and…