Shares of Tencent Holdings Ltd. have nearly doubled from their recent lows on growing signs that China is preparing to end its crackdown on major tech firms as well as optimism about the country’s reopening.
Nepalese authorities have located both of the black boxes from the Yeti Airlines flight that crashed near Pokhara on Sunday.
Investors are on high alert for further policy tweaks from the Bank of Japan this week after December’s shock decision to raise the bar on yield movements failed to significantly improve market liquidity.
China’s key economic data this week will likely show a marked weakening in growth at the end of last year after the Covid Zero policy was abruptly ended, although attention is quickly shifting to a strong rebound in 2023.
South African President Cyril Ramaphosa canceled his attendance at this year’s World Economic Forum to deal with an escalating energy crisis that’s hobbling the nation’s economy.
Destinations and brands are eager to see tourism dollars from China return from isolation. But they’ll have to do a lot better to serve these big spenders.
Ineos, the chemicals company built by British billionaire Jim Ratcliffe, has agreed to buy assets that Sika AG is selling to appease antitrust regulators.
The nearly 60,000 Covid-related deaths China reported for the first five weeks of its current outbreak, the largest the world has ever seen, may underestimate the true toll by hundreds of thousands of fatalities, experts said.
Taiwan’s ruling party has chosen Vice President William Lai as its next chairman, putting the self-described “political worker for Taiwanese independence” in line to be a top challenger in the next presidential election.
Europe has been “lucky” this winter as mild weather reduced fuel demand but the region hasn’t seen the end of an energy crisis, Iberdrola SA’s executive chairman said.
