Asia Business

Thailand tourism bounces back, with 35 million visitors in 2024

Thailand welcomed more than 35 million international tourists in 2024, surpassing the government’s target, as the country strives to revive its sluggish economy, officials said Monday.The nation’s vital tourism sector accounts for almost 20 percent of its GDP but has struggled in the wake of the Covid-19 pandemic and changing traveller habits.More than 35 million …

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Most Asian markets cautiously higher as traders eye Trump 2.0

Asian markets started the first full week of 2025 on a positive but cautious note as traders struggled to track a healthy run-up on Wall Street, with minds turning to Donald Trump’s second presidency.Ongoing concerns about China’s stuttering economy, the outlook for US interest rates and the wars in Ukraine and the Middle East were …

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Wall Street stocks bounce higher, Europe retreats

Wall Street stocks bounced higher on Friday, but European stock markets retreated as traders booked profits from a positive start to 2025.Asia’s main equity indices closed mostly higher, with Seoul jumping nearly two percent despite deepening political uncertainty in Asia’s fourth-largest economy.There were also gains for Hong Kong, Sydney and Taipei, although Shanghai slumped for …

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Biden blocks US-Japan steel deal

President Joe Biden on Friday announced he has blocked the controversial $14.9 billion sale of US Steel to Japan’s Nippon Steel, citing a strategic need to protect domestic industry.”This acquisition would place one of America’s largest steel producers under foreign control and create risk for our national security and our critical supply chains,” Biden said …

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Indian food delivery app rolls out ambulance service

A popular Indian food delivery app has started offering a private ambulance service, looking to use its logistics know-how to help bolster the country’s patchy healthcare system.Zomato’s online shopping arm Blinkit said it was rolling out “reliable” ambulance services with essential life-saving equipment, medicine and trained paramedics.The platform has pushed the limits of rapid mobile …

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