Asia Business

Ex-employees of a Japanese textile company in Ecuador told Tuesday of their dire living and working conditions, after the country’s constitutional court ruled the firm kept its staff in a slave-like setting.Some gave birth to children in unsanitary and overcrowded camps, while others were denied proper medical attention after work-related injuries, according to testimonies given …

Ecuadoran workers accuse ‘monster’ Japanese company of exploitation Read More »

Global stock markets mostly retreated Tuesday as traders eyed looming US inflation data and a key European interest rate call amid global political upheaval.After winning numerous records in the weeks since the November 5 US presidential election, US stocks fell for the second straight day as analysts pointed to profit-taking.But Alphabet jumped more than five …

Global stocks mostly fall ahead of ECB, US inflation data Read More »

Global stock markets diverged Tuesday as traders eyed looming US inflation data and a key European interest rate call amid global political upheaval.Commodity markets were steadier after oil and gold won strong support Monday owing to uncertainty over Syria’s impact on the wider crude-rich Middle East.The Paris stock market retreated as French party leaders gathered at …

World stock markets diverge as rate calls loom Read More »

Global stock markets were mixed Tuesday as traders eyed looming US inflation data and a key European interest rate call amid global political upheaval.Commodity markets were steadier after oil and gold won strong support Monday owing to  uncertainty over Syria’s impact on the wider crude-rich Middle East.The Paris stock market retreated and the euro fell …

World stock markets mixed as rate calls loom, geopolitics weighs Read More »

Car giant Stellantis and Chinese manufacturer CATL said Tuesday they would build a $4.3-billion factory to make electric vehicle batteries in Spain, the latest bid to boost Europe’s troubled EV drive.They said they aim to start production by the end of 2026 at the site in the northern city of Zaragoza.It “could reach up to …

Stellantis, Chinese firm CATL plan $4bn battery plant in Spain Read More »

European stock markets dropped Tuesday after Seoul rebounded as traders focused on political upheaval in France and South Korea in addition to China’s latest stimulus plans.Commodity markets were steadier after oil and gold won strong support Monday owing to an uncertain future for Syria and the wider crude-rich Middle East.The Paris stock market retreated and …

European stock markets drop but Seoul rebounds Read More »

An early rally in Hong Kong and Shanghai stocks evaporated Tuesday with traders tempering initial excitement about China’s pledge to adopt a looser monetary policy as they awaited more details about the plan.Seoul, however, held on to gains after a healthy rebound that followed days of losses fuelled by the brief declaration of martial law …

Hong Kong and Shanghai’s China rally fades but Seoul rebounds Read More »

Chinese President Xi Jinping warned Tuesday that there would be “no winners” in a trade war with the United States and vowed the country would hit its growth goals for the year.Former US president Donald Trump — who returns to the White House next month — unleashed a gruelling trade war with China during his …

China’s Xi warns ‘no winners’ in trade war with US Read More »

Hong Kong and Shanghai stocks rallied Tuesday after China pledged to adopt a looser monetary policy to revive the stuttering economy, while Seoul rebounded after days of losses fuelled by the brief declaration of martial law by South Korea’s president.In the latest bid to kickstart growth, President Xi Jinping and other top leaders announced their …

Hong Kong, Shanghai rally on China optimism as Seoul rebounds Read More »

Rupert Murdoch’s audacious bid to cement his eldest son’s control over one of the world’s most influential media empires has failed, a US report said Monday.The first family of news — commanding a stable that includes Fox News, The Wall Street Journal and a host of British and Australian media — had been the inspiration …

Murdoch loses ‘Succession’ battle for son’s control of media empire: report Read More »