According to five sources, China has temporarily blocked the planned cross-border listings between the London and Shanghai stock exchanges due to political tensions with Britain. The suspension of the Shanghai-London Stock Connect scheme has cast a shadow over the future… Read More ›
Economy & Finance
Singapore posts decade-low growth midst U.S.-China trade war
On Thursday, preliminary data shows, in 2019 Singapore’s economy grew at its slowest pace in a decade; its manufacturing sector also saw a contraction. Fourth quarter data however is expected to show a modest recovery. The U.S.-China trade war has… Read More ›
Tiffany, Mercedes are among luxury brands adding restaurants to their stores in China
The love for food of Chinese customers is being tapped into by high-end retailers in China to boost sale of luxury goods. Cafes and restaurants to their shops have been added by a host of vendors offering everything from jewellery… Read More ›
Industry Body CII Expects Gradual Recovery In 2020 Of Slowing Indian Economy
The Indian economy, that was considered to be the fastest growing major economy not long ago, saw a dismal performance in 2019. The real estate, automobile, construction sectors and overall consumption demand have been the worst hit. The economy is… Read More ›
Record High For Consumer Spending On Ethical Purchases In UK
The total annual value of ethical purchasing in the United Kingdom has reached record levels, according to a new report, which is now at £41bn. The reported noted that the amount was for products in purchased in the food, drinks,… Read More ›
China’s Efforts To Develop Its Own Tesla Amid A Slowing Economy And Phasing Out Of Subsidies
In recent years, venture capitalists have invested billions of dollars into companies and startups that are focused on development of electric vehicles as the industry itself is strongly supported by the Chinese government. While it is not yet clear what… Read More ›
US Airline Employees Demand More As Industry Set For A 10th Year Of Profits
There is a rising demand among airline employees in the United States – ranging from pilots to catering workers, for higher wages and better benefits, as the entire industry in the country is set to record the tenth consecutive year… Read More ›
Ukraine to purchase second consignment of U.S. Javelin anti-tank missile system
Ukraine’s Defense Ministry disclosed, Kyiv will be purchasing a second consignment of U.S. Javelin anti-tank missiles and launch units. Following Russia’s annexation of Crimea in 2014, the United States has emerged as one of Kiev’s strongest supporters. An outbreak of… Read More ›
Indonesia awards development and operatorship rights of Komodo airport to a foreign consortium
In a statement, Indonesia’s transportation minister stated, in 2020, Jakarta will offer more airport management projects to foreign investors. On Thursday, for the first time, Indonesia entered into a 25 years agreement with PT Cardig Aero Services and Singapore’s Changi… Read More ›
China to sink $7.14 billion to boost hog production
In a statement, China’s agriculture ministry said, large pig farms are queuing up along with smaller, family-based farms to tap a state-initiated investment of $7.14 billion (nearly 50 billion yuan) to boost hog productions in the country. So far, fifteen… Read More ›