(Bloomberg) — Samsung Electronics Co.’s profit dropped by the most in over a decade, in a sign that the global economic slowdown may be hurting electronics demand even more than anticipated.
Chinese buyers need to act fast to secure guaranteed supplies of Australian coal as a ban on imports is eased, according to a key shipper of the fuel.
Hong Kong’s online registration system for people to reserve a spot to travel to mainland China was overwhelmed by users on its first day of operation, signaling the daily quota of 60,000 people isn’t enough to meet pent up demand.
The House voted to adjourn for the day Thursday after Kevin McCarthy was blocked for the 11th time in his bid to become speaker by a group of 20 Republican dissidents who have yet to agree on a deal that satisfies their demands.
Vietnam dismissed two deputy prime ministers — the most senior officials to be relieved of duties since 2017 — amid lengthy investigations driven by a campaign to clean up corruption and protect the Communist Party’s legitimacy.
Donald Trump is being blamed for the death of Capitol Police Officer Brian Sicknick, who was assaulted during the Jan. 6, 2021, riot, in a lawsuit that claims the former president is responsible because he riled up his supporters with false election claims and calls to take action.
(Bloomberg) — Japanese workers’ real wages fell by the most in eight years, suggesting that there’s still some way to go before the central bank can achieve its wage-growth accompanied price goal.
China will take a “sound approach” to address the risk of “capital chain breaks” among developers, according to the nation’s top housing regulator, adding to a flurry of support for the beleaguered sector in recent weeks.
(Bloomberg) — Japan wants the Group of Seven advanced economies to take a coordinated approach this year aimed at preventing the “economic coercion” that China has applied to some of its trading partners.
(Bloomberg) — Southwest Airlines Co. will update its earnings guidance prior to reporting fourth-quarter results to reflect costs associated with an operations meltdown that forced it to cancel 15,700 flights over eight days.
