The European Central Bank is expected to cut interest rates again this week in a bid to boost the floundering eurozone economy, even as debate heats up about when to hit pause. It will mark the central bank’s sixth reduction since June last year, with its focus having shifted from tackling inflation to relieving pressure on …
ECB to cut rates again as debate heats up on pause Read More »
Asian markets climbed on Monday on hopes that China will announce a huge stimulus package that will help offset US President Donald Trump’s looming tariffs against Chinese goods.Investors were also watching for any last-ditch deals to ward off the levies hitting Mexico, Canada and China due to come into force on Tuesday.Trump has confirmed 25 …
Asian markets climb on hopes of China fiscal response to Trump tariffs Read More »
A high-stakes father-and-son feud has plunged Singapore property giant City Developments Ltd (CDL) into turmoil, with the private boardroom dispute of one of the city-state’s wealthiest families erupting into public view this week. The battle of words between CDL’s executive chairman Kwek Leng Beng and his son Sherman Kwek has exposed deep rifts within the Forbes-ranked …
High-stakes father-son feud rocks Singapore property giant Read More »
Wearing a traditional Indonesian black hat and shirt, President Prabowo Subianto speaks to the camera in an Instagram video, asking his people how he can help them after his election last year.”Who hasn’t received aid from me? What are your needs right now?” Prabowo appears to ask viewers in the clip posted in November.But while …
Indonesians swindled by scams using President Prabowo deepfakes Read More »
A simple handshake between President Xi Jinping and once-shunned entrepreneur Jack Ma sent Chinese tech stocks booming in recent weeks as it was interpreted as the latest sign the sector is being brought in from the cold — though experts advise caution.Beijing launched a regulatory blitz on the industry in 2020 that triggered a massive …
China signals renewed tech sector support, but concerns linger Read More »
Wall Street stocks finished a downcast week on a positive note Friday on a mixed day for global equities, while bitcoin slid below $80,000 for the first time since November.US stocks, which have been under pressure in recent days, slipped into negative territory near midday following an extraordinary clash between US President Donald Trump and Ukrainian …
India will finalise a “mutually beneficial” free trade deal with the European Union by the end of this year, Prime Minister Narendra Modi said Friday after meeting with EU chief Ursula von der Leyen.”We have asked our teams to work out a mutually beneficial bilateral free trade agreement by the end of this year,” Modi …
India and EU to finalise free trade agreement by year-end Read More »
China missed a key climate target in 2024 and emissions in the world’s second-largest economy rose slightly as coal remained dominant despite record renewable additions, official data showed Friday.The figures mean the world’s biggest emitter is off-track on a key commitment under the Paris climate agreement, analysts said.Beijing’s National Bureau of Statistics (NBS) said carbon …
China missed key climate target last year: official data Read More »
Patterned poop bags, frilly dog dresses and exotic animals including minks and meerkats were on display at a bustling pet expo in Beijing, where the industry continues to thrive despite a sluggish economy.China is battling slowing growth as a real-estate crisis, persistently low consumption and high youth unemployment plague the world’s second-biggest economy.Yet the pet …
Off leash: China’s pet industry shines in ailing economy Read More »
China’s leadership convenes next week for closed-door meetings to hammer out plans to shield the ailing economy from tariffs and trade threats from US President Donald Trump.The “Two Sessions” gatherings of the country’s parliament and top advisory body are primarily talking shops, rubber-stamping decisions made by the Communist Party while giving a veneer of openness …
China’s leaders gather to hash out Trump tariff battle plans Read More »
