Indonesia has banned the sale of Google Pixel phones over the tech giant’s failure to meet investment regulations, its industry ministry said, days after blocking sales of Apple’s iPhone 16.Jakarta is seeking to boost investment from foreign tech companies with restrictive measures that require their phones to be 40 percent sourced from parts in Indonesia.”We …
Indonesia adds Google Pixel phones to ban list with iPhone 16 Read More »
Global stocks slid Thursday as investors fretted over results from tech giants and remained risk-averse ahead of a coin-toss US election.Data showing the US Federal Reserve’s preferred inflation measure cooled further last month — and now sits just above its long-term target — failed to boost sentiment, despite being a positive sign for future interest-rate …
Hong Kong’s economic growth in the third quarter missed analyst estimates as private consumption weakened, according to government figures released Thursday.Real gross domestic product (GDP) between July and September grew by 1.8 percent year-on-year, well down from a forecast of 3.1 percent growth from economists surveyed by Bloomberg.Hong Kong’s economic recovery after the pandemic has …
Hong Kong economic growth misses forecast in third quarter: data Read More »
South Korea’s Samsung Electronics said Thursday that its operating profits soared 277 percent on-year to $6.6 billion but missed expectations as it struggled to leverage demand for chips used in artificial intelligence servers.The world’s largest memory chip maker posted an operating profit of 9.18 trillion won ($6.6 billion) “largely due to one-off costs”.It also warned …
Samsung Q3 operating profits soar to $6.6 bn, miss forecast Read More »
The Bank of Japan warned Thursday of “high uncertainties” following the ruling party’s worst election result in 15 years, as it kept interest rates unchanged.Prime Minister Shigeru Ishiba’s coalition lost its majority in Sunday’s snap vote, likely forcing him to head a minority government with support from other parties to pass legislation.Businesses and economists worry …
Bank of Japan warns of ‘high uncertainties’ after election Read More »
China’s manufacturing output expanded this month for the first time since April, official data showed Thursday, rare good news for leaders struggling to boost activity in the world’s second-largest economy.The country is battling sluggish domestic consumption, a persistent crisis in the property sector and soaring government debt — all of which threaten Beijing’s official growth …
China factory output expands for first time in six months Read More »
Chinese electric vehicle giant BYD reported surging sales on Wednesday, surpassing global rival Tesla in quarterly revenue for the first time as its push into overseas markets advances.The EV and battery giant is a leading player in recent efforts by Chinese automotive firms to expand overseas — plans that are increasingly threatened by thorny trade …
Chinese EV giant BYD beats Tesla in quarterly revenue for first time Read More »
Political uncertainty after Japan’s election shock risks slowing economic reforms, pushing up government spending and even holding up the Bank of Japan’s exit from its outlier monetary policy, economists said.Post-war Japan has long been a byword for political stability with the conservative, market-friendly Liberal Democratic Party (LDP) in power for all but four of the …
The flower fields of Nepal’s Gundu village glimmer yellow, orange and purple as women harvest blooms, a flourishing industry changing tough village lives by providing garlands for Hindu festivals.Nestled on the rim of Kathmandu Valley, Gundu is renowned for supplying the brightly-coloured globe amaranth and marigold flowers, with demand surging for this week’s Tihar celebrations, …
Nepali women’s flowering prosperity from garland industry Read More »
Hello Kitty, the cute, enigmatic character that adorns everything from handbags to rice cookers, turns 50 on Friday — and is still making millions for her Japanese creators.The simple design of the character — who is not a cat, but a little girl from London according to Sanrio, the company behind Kitty — has mileage …
