Asia Business

Afghan women turn to entrepreneurship under Taliban

When Zainab Ferozi saw Afghan women struggling to feed their families after Taliban authorities took power, she took matters into her own hands and poured her savings into starting a business.Two-and-a-half years after putting 20,000 Afghanis ($300) earned from teaching sewing classes into a carpet weaving enterprise, she now employs around a dozen women who …

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Mounting economic costs of India’s killer smog

Noxious smog smothering the plains of north India is not only choking the lungs of residents and killing millions, but also slowing the country’s economic growth.India’s capital New Delhi frequently ranks among the world’s most polluted cities. Each winter, vehicle and factory emissions couple with farm fires from surrounding states to blanket the city in …

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Nvidia CEO says will balance compliance and tech advances under Trump

Nvidia CEO Jensen Huang said Saturday that his company will balance legal compliance and technological advances under the incoming administration of Donald Trump, and nothing will stop the global advancement of artificial intelligence.The US chipmaking giant this week reported record high quarterly revenue on the back of strong AI chip demand, though investors are wary …

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Dow ends at fresh record as weak eurozone data hits euro

The Dow rocketed to a fresh record Friday, extending a post-election US equity rally while the euro retreated against the dollar following weak eurozone data.The blue-chip index piled on one percent to end the day at 44,296.51, narrowly overtaking a record set earlier this month.Major American indices have been at or near record territory since …

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Dollar gains amid escalating geopolitical tensions

The dollar and gold gained Friday amid escalating tensions in the Russia-Ukraine war, while stocks got a boost from data.Bitcoin pushed on further with its march towards the $100,000 mark, as the cryptocurrency benefits from US president-elect Donald Trump’s pledge to ease regulation around digital tokens.The dollar, considered a safe haven asset, was bolstered by …

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Stock markets diverge, dollar gains amid escalating geopolitical tensions

Global stocks diverged and the dollar gained Friday following a bounce on Wall Street as traders weighed weak European economic data and concerns over escalating tensions in the Russia-Ukraine war.Bitcoin pushed on further with its march towards the $100,000 mark, as the cryptocurrency benefits from US president-elect Donald Trump’s pledge to ease regulation around digital …

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Japan government approves $140bn stimulus

Japan’s minority government signed off Friday on a $140-billion stimulus drive aimed at putting more money in consumers’ pockets after the ruling party’s worst election result in 15 years.The October 27 contest saw voters — angry over corruption in the Liberal Democratic Party (LDP) and inflation — deprive new Prime Minister Shigeru Ishiba’s coalition of …

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