China has no pain-free solutions for its slowing economy
Erin Yao would like to take street dance classes and travel, activities she could not do during three years of COVID-19 restrictions...
Exclusive: With Tesla push, India mulls import tax cut if EV makers build locally
India is working on a new electric vehicle policy that would slash import taxes for automakers that commit to some local manufacturing,...
BRICS invites Saudi, Iran and others to join developing world bloc
The five BRICS developing nations will admit Saudi Arabia, Iran, Ethiopia, Egypt, Argentina and the United Arab Emirates, they said on Thursday,...
China’s property crisis leaves Country Garden with unpaid workers, silent sites
At an unfinished Country Garden (2007.HK) residential complex on the outskirts of the northern Chinese metropolis of Tianjin, construction has slowed to a...
S&P downgrades multiple US banks on growing liquidity worries
S&P Global followed Moody's in cutting its credit ratings and outlook on multiple U.S. regional banks on Monday, saying higher funding costs...
China surprises with modest rate cut amid growing yuan risks
China cut its one-year benchmark lending rate on Monday as authorities seek to ramp up efforts to stimulate credit demand, but surprised...
What is BRICS, which countries want to join and why?
The BRICS group of major emerging economies - Brazil, Russia, India, China and South Africa - will hold its 15th heads of...
Elon Musk says X will strip ability to block accounts
Social media company X, formerly known as Twitter, will remove a protective feature that lets users block other accounts, owner Elon Musk...
Bitcoin drops to new two-month low as world markets sell off
Top cryptocurrency bitcoin hit a fresh two-month low on Friday, breaking out of its recent tight range as a wave of risk...
Air travel boom creates crosswinds for air cargo
Air cargo enjoyed record demand when COVID-19 closed borders and snarled supply chains. Now, it is reeling from overcapacity and tumbling freight...
Why is China not rushing to fix its ailing economy?
With China at risk of tipping into prolonged stagnation and a spiralling property crisis threatening financial stability, there is growing unease over why its leaders...
India considers wheat imports from Russia at discount to calm prices – sources
India is in talks with Russia to import wheat at a discount to surging global prices in a rare move to boost...
Fed, economists make course correction on US recession predictions
Blame it on economic theory not matching reality, groupthink among forecasters or political partisanship by opponents of the Biden administration, but a...
Hyundai Motor’s unit to buy General Motors’ India plant
Hyundai Motor Co's (005380.KS) Indian unit will buy automaker General Motors' (GM.N) Talegaon plant in the western state of Maharashtra, a move that will allow...
How much worse can China’s economic slowdown get?
China's economic activity data for July, including retail sales, industrial output and investment failed to match expectations, fuelling concern over a deeper, longer-lasting...