Asian and European shares rebounded Friday on China’s hobby fee reduction, after sinking the day gone by on fears that sky-high inflation could spark an international downturn. “Markets had been seeking out an excuse to dance, and a China rate reduce provided the motive,” IG analyst Chris Beauchamp informed. “It isn’t much when set against the broader … Read more
Wall Street shares bounced early Friday, following gains in Europe and Asia after China lowered a key hobby fee, as US markets sought a superb give up to a dreary week. Major indices had been down about 3 percent heading into Friday’s session, forced by means of recession fears following negative results from US retailers … Read more
Joe Biden will visit Japan and South Korea on his first Asian trip as president, sending a strong warning to China, according to aides and analysts: don’t do what Russia did in Ukraine elsewhere in Asia, certainly not in Taiwan. Biden leaves on Thursday for the five-day trip after months of rallying allies to punish … Read more
Wall Street stocks recovered on Friday after a bruising week marked by concerns about inflation, the Ukraine war, and the economic outlook. Following a strong session in Europe and Asia, Wall Street finished the week strongly, with the tech-heavy Nasdaq up nearly 4% and the S&P 500 breaking back above 4,000 points. But even with … Read more
A study warns of upcoming infectious diseases if climate gets hotter Environmental change will bring about a huge number of new infections spread among creature species by 2070. And that is probably going to expand the gamble of arising irresistible illnesses bouncing from creatures to people, as indicated by another review. This is particularly valid … Read more
Shares in Asia-targeted bank Standard Chartered surged Thursday after it published upbeat first-quarter consequences on growing interest fees and as it upgraded the outlook. Underlying pre-tax earnings climbed by a higher-than-predicted 4 percent to $1.5 billion (1.4 billion euros), the London-based lender stated in an assertion. Net profit edged as much as approximately $1.1 billion … Read more
Liverpool will play Premier League rivals Crystal Palace in Singapore in July, organizers said Tuesday, as pre-season games go back to Asia after a Covid hiatus. Liverpool, currently in 2nd location within the Premier League, remaining visited Singapore for an open schooling consultation in 2011. The suit, at Singapore’s National Stadium on July 15, could … Read more
Stock markets and oil charges slumped Monday on developing concern that lockdowns in China aimed at combating a worsening Covid outbreak could similarly damage an international economic system battling decades-excessive inflation. The losses prolonged the final week’s promote-off prompted via Federal Reserve boss Jerome Powell indicating that the USA principal financial institution might hike hobby fees by … Read more
Slow growth concerns in China and rising US interest rates weighed on European stock markets on Tuesday, catching up with losses in Asia and on Wall Street. London’s benchmark FTSE 100 index was down 0.4 percent as it approached the halfway point in trading for the first time since Thursday. The eurozone’s losses were more … Read more
— TOP STORIES — + Russia strikes Kyiv missile factory + Jerusalem clashes wound more than 150 + Five million people flee war in Ukraine + South Africa flood toll rises to nearly 400 + Coachella returns after three-year hiatus Ukraine-Russia-conflict, WRAP KYIV Russian strikes pound a navy factory … Read more
Russian President Vladimir Putin on Thursday referred to as for diversification of energy exports in the direction of Asia, caution that European international locations were destabilizing the marketplace by transferring to cut out Russian deliveries. “We need to diversify exports… step by step shift the direction of our exports to the fast-growing markets of the … Read more
Jonathan D.T. Ward, an expert on Chinese global strategy and US-China competitiveness, cautioned that China has been utilising Russia to undermine the United States’ worldwide supremacy. He said that Chinese President Xi Jinping has been “recycling Moscow’s propaganda” against Ukraine while meeting with Ukrainian ministers in an attempt to play both sides. “I think what’s … Read more
ASHGABAT, Turkmenistan: Voting was underway in Turkmenistan Saturday for a tightly-controlled leadership election that is all but certain to yield ex-Soviet Central Asia’s first father-son succession. Nine candidates are in the fray in the republic of six million people, but President Gurbanguly Berdymukhamedov, who tolerates no opposition and has dominated public life since the country’s … Read more
KARACHI: Mastercard has announced the expansion of its new interactive business intelligence platform Mastercard Market Trends in the Middle East and Africa, a statement said on Thursday. The new platform provides a comprehensive view of payments insights, competitive intelligence and industry trends for banks and financial institutions across the world and now within the Middle East and … Read more
SINGAPORE: Asia’s biggest airshow takes place in Singapore this week with the aviation sector hoping 2022 marks a turning point in a region where tough curbs have left coronavirus-battered airlines struggling to recover. The event, which takes place every two years and kicks off on Tuesday, brings together hundreds of airlines, plane manufacturers and other … Read more
Kuala lumpur – Region’s internet economy on track to hit $1t as e-commerce, logistics boom Southeast Asia is embracing its “digital decade” with the region’s internet economy expected to soar on the back of a fast-growing base of digital consumers and merchants. A report released by Google, Temasek and Bain & Company said Southeast Asia … Read more
TAIPEI: Every day, Aiden Lee joins the hundreds of thousands of people getting around Taipei on two wheels. But when most of his fellow riders head to a petrol pump to refuel, he takes his e-motorbike to one of Taiwan’s increasingly commonplace battery-swapping stations — tech its creators say could supercharge the shift from fossil … Read more
KARACHI: Standard Chartered’s latest survey into affluent (comprising emerging affluent, affluent and high net worth) consumers in 12 markets across Asia, Africa, the Middle East and UK, revealed that in Pakistan 92 per cent of them have reset their life goals following the pandemic. At the same time, for 50 per cent of the respondents, … Read more
ARLINGTON: The used car market in the United States is seeing an unprecedented phenomenon: owners selling vehicles for as much or more than they paid for them. The strange twist comes as a global shortage of computer chips amid the Covid-19 pandemic has stalled auto manufacturing, fueling a price increase for used vehicles, which in turn … Read more
In an industrial unit on the outskirts of Taipei chefs are plating meals that will never be served in a restaurant: welcome to the world of “ghost kitchens”. Even before the pandemic sent an earthquake through the global restaurant trade, the ‘Amazonification’ of commercial kitchens was well underway, but coronavirus lockdowns and restrictions have fuelled … Read more
HONG KONG: Journalists from Hong Kong’s CitizenNews decried plummeting press freedoms as they shut down Monday, saying they no longer felt safe to publish after a rival outlet’s staff were arrested for ‘sedition’. One of the most popular online news outlets in Hong Kong with more than 800,000 social media followers, CitizenNews is the third media outlet to shutter as … Read more
PARIS, Dec 29, 2021 (AFP) – The world smashed a record number of Covid infections in a week, an AFP tally revealed Wednesday, as the WHO warned that Omicron poses a “very high” risk and could yet overwhelm healthcare systems. The highly transmissible variant propelled the United States, France and Denmark into fresh records on Wednesday. The … Read more
ACCRA: Public health authorities in Ghana have introduced new travel guidelines requiring visitors to show proof of vaccination against Covid-19 from next week as the government tries to avert a fourth wave of infections. Under new rules coming into effect from midnight on Sunday, travellers “will be required to provide evidence of full vaccination,” Ghana’s … Read more
RIYADH: The US-based investment bank Citigroup has chosen favourable bidders for its consumer assets in Asian markets. The investment banking company chose Bangkok’s Bank of Ayudhya to buy its retail assets in Thailand, with an expected potential $2 billion deal to be negotiated in the coming weeks, Bloomberg reported. Citigroup has picked Singapore-based United Overseas Bank in … Read more
Top oil exporter Saudi Arabia may raise crude prices for Asia in January; following large gains in the Middle East spot market last month, but weak refining margins and an oil reserves release by consumers may cap gains, Reuters quoted trade sources, as saying. The January official selling price (OSP) for flagship Arab Light crude … Read more
RIYADH: The Opec+ group is likely to take a cautious stance when deciding next week whether to go ahead with the planned production increases; following the discovery of a new Covid-19 variant, Arab News quoted Geneva-based oil trader Vitol Group, as saying. The new variant, named Omicron, has rattled the oil market globally, pushing prices down to … Read more
TOKYO: The new-look European Tour will make its first foray into the lucrative Japan golf market in 2022 after adding the ISPS Handa Championship to next year’s recently announced schedule. The rebranded DP World Tour will make Japan the 51st country it has visited — with the tournament to be staged at Ishioka Golf Club … Read more
KUALA LUMPUR: Thailand’s re-opening to vaccinated foreign tourists marks a major easing of border controls for Asia, where governments have been far slower to roll back coronavirus travel curbs than in much of the West. Here is a look at which countries are opening up across the Asia-Pacific region and those staying sealed off from … Read more
