Venture capital firm 3one4 Capital has closed a $200 million fund to focus on India’s early-stage technology companies as backing for startups continues unabated in the country despite the somber global investment sentiment.
The leaders of South Korea and Japan struck a chord of unity at a rare summit where the US allies agreed to cooperate on North Korea and implement a deal meant to heal a rift stemming from their troubled histories.
Australia may record its first budget surplus in 15 years, bolstering the center-left government’s economic credentials as Treasurer Jim Chalmers moves to reinforce the central bank’s efforts to peg back inflation.
An economic surge driven by the lifting of China’s Covid Zero restrictions isn’t sufficient to offset the impact on Australia’s budget of global weakness, Treasurer Jim Chalmers said in the run up to the release of the fiscal blueprint.
Defaulted Chinese developers facing key court dates in coming weeks received an abrupt reminder that it’s actions not words that count in restructurings, if you want to avoid getting liquidated.
Myanmar’s crippling power outages are threatening the economic recovery of the conflict-ridden Southeast Asian nation, where a military coup in 2021 left the country struggling to source fuel for gas-fired electricity plants.
South Africa Special Risk Insurance Association told clients it won’t pay claims for damage related to a collapse of the national electricity grid, Business Day reported, citing a circular from the company.
Pham Nhat Vuong has few vehicles to show for the massive sums he and his Vietnamese conglomerate have spent building VinFast, the carmaker that’s put off plans for an IPO.
China’s largest trade fair was meant to be a triumphant return for the world’s biggest manufacturing nation after three years of being mostly online. Instead, the mood was downbeat as factories grapple with a slowing global economy and a scarcity of US buyers.
