The easing of stringent “zero-COVID” measures has been welcomed by China’s weary public and businesses, but Jorry Fan, who lives in the eastern city of Suzhou, said it has prompted her to cancel any plans to dine out for several… Read More ›
Entrepreneurship
Southeast Asia’s Tech Layoffs Are Increasing As Non Profitable Startups Look To Stretch Their Ramps
This year, more Southeast Asian tech startups laid off workers as macroeconomic headwinds widened losses and venture capitalists pushed startups to extend their runways. Carousell, the online marketplace, announced last week that it was laying off 10% of its workforce,… Read More ›
US SEC Has Issued New Guidance Needing Firms To Report Cryptocurrency Risks
The United States Securities and Exchange Commission issued new guidance on Thursday requiring companies that issue securities to disclose to investors their exposure and risk to the cryptocurrency market. The forecast comes less than a month after FTX, one of… Read More ›
Caixin PMI Shows China’s Services Activity Contracted To 6-Month Lows In November
According to a private-sector business survey, COVID containment measures weighed on demand and operations in China, resulting in the country’s services activity dropping to six-month lows in November. The data further points to a further slowing of economic growth. The… Read More ›
Policies Of Apple’s App Store Described To Be Unsustainable By Mark Zuckerberg
Apple CEO Tim Cook has been outspoken in his criticism of Facebook. Meta CEO Mark Zuckerberg is eager to repay the favor. On Wednesday, at The New York Times DealBook summit, Zuckerberg slammed Apple, the most valuable American company, and… Read More ›
Chinese Stocks And Yuan Fall As A Result Of The COVID Protests
On Monday, Chinese stocks had their worst day in a month, as recent monetary-easing measures failed to alleviate investor concerns about protests against strict COVID-19 curbs in the world’s second-largest economy, while the yuan fell against the dollar. The United… Read More ›
Gains Of 2022 Erased By Global Oil Prices Due To Demand Concerns Emanating From Protests In China
On Monday, oil prices fell to near year lows as street protests against strict COVID-19 curbs in China, the world’s largest crude importer, fueled concerns about the outlook for fuel demand. Brent crude fell $2.66, or 3.1%, to $80.97 per… Read More ›
Angry Workers Protest At Huge iPhone Plant At Zhengzhou, China Over Covid
According to footage widely circulated online, protests have erupted at the world’s largest iPhone factory in the Chinese city of Zhengzhou. Videos show hundreds of workers marching, some of whom are confronted by people in hazmat suits and riot police,… Read More ›
Mazda Unveiled A $11 Billion EV Spending Plan And Is Considering Investing In Battery Production
Japanese auto maker Mazda Motor Corp. announced a $10.6 billion investment plan to electrify its vehicles on Tuesday, as well as plans to invest in battery production. The company also increased its target for electric vehicles (EVs) to up to… Read More ›
Are Flying Taxis Becoming A Reality?
Current developments in the United States provide signals that flying taxis could be a step closer to becoming a reality. A new set of rules were published by US air regulators on Monday which formally added these flying taxis to… Read More ›
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