India opposition MPs seek Adani probe as group losses top $100bn | Business and Economy News

Indian opposition lawmakers have demanded an investigation into Adani Group, as the crisis surrounding tycoon Gautam Adani’s embattled empire deepened, with market losses topping $100bn after a United States short seller accused it of pulling “the largest con in corporate history”. A session of the lower house of India’s Parliament was adjourned amid loud protests … Read more

Is China’s high-growth era over – forever? | Business and Economy

When much of the world went through a major recession in 2008-2009, China, through enormous government spending efforts, managed to weather the storm and buoy the global economy. With the world tottering “perilously close” to a global recession on the back of Russia’s war in Ukraine and three years of the COVID-19 pandemic, a repeat … Read more

North American leaders to cooperate on semiconductors Migration News

The White House has announced a series of pledges made with Mexico and Canada ahead of the “Three Amigos” summit, and cooperation on bolstering the supply of semiconductors, a market currently dominated by Asia, topped the list. The announcement on Tuesday came hours before US President Joe Biden, Mexican President Andres Manuel Lopez Obrador and … Read more

Sick of the grind, China’s well-off seek slower pace in Thailand Business and Economy

Pattaya, Thailand – Xiaohongshu, China’s answer to Instagram, is abuzz with the benefits of emigrating to Thailand. In videos on the popular social media and e-commerce platform, influencers paint a picture of paradise that promises something for everyone. For stressed-out parents, cheap international schools and the possibility of remote work in an exotic locale await. … Read more

Biden promotes partnerships with Africa at leadership summit Politics News

President Joe Biden has stressed the need for balanced partnerships with African nations, as the United States seeks to build stronger relations and increase trade with countries across the continent. During an address at an opening trade forum at the US-Africa Leaders Summit in Washington on Wednesday, Biden said the talks were about “building connections” … Read more

Hong Kong’s courts in firing line as Beijing rewrites rulebook Business and Economy News

Kuala Lumpur, Malaysia – When Hong Kong’s Financial Secretary Paul Chan addressed a recent legal forum, he highlighted the ability of the city’s courts to make rulings without interference as the “cornerstone” of international businesses’ confidence in the financial hub. Now the independence of Hong Kong’s British-inherited judiciary, ostensibly guaranteed under a system known as … Read more

What British PM Sunak’s first foreign policy speech made clear Rishi Sunak News

UK’s Prime Minister Rishi Sunak came into office last month with the expectation that he would initiate a phase of new, stable conditions for his party and the entire country. He must prepare a post-Brexit Britain, as the war on the European continent continues, for the new geopolitical challenges it faces. On Monday evening, he … Read more

China’s COVID cases to smash records as video shows workers rebel | Business and Economy News

Taipei, Taiwan – China’s COVID-19 cases are surging towards record highs, signaling more pain for the world’s second-largest economy as hopes fade for a quick exit from Beijing’s draconian “zero-COVID” policies. The National Health Commission on Wednesday reported 29,157 infections nationwide for the previous day, close to April’s peak. China’s daily caseload peaked at 29,411 … Read more

In Brazil, Twitter users fear the effect of Musk’s rule Business and Economy News

It was Easter, and Lola Aronovich, a Brazilian literature professor, was enjoying a break at a beach with no internet access, totally unaware of the defamation campaign being orchestrated against her on Twitter. That day in April 2015, the son of Geraldo Alckmin, the former São Paulo governor and currently Brazil’s vice-president-elect, tragically died in … Read more

After meeting Xi, Biden says there needs to be no new Cold War Xi Jinping News

US President Joe Biden and Chinese President Xi Jinping have promised to cooperate on global challenges and agreed on the need to improve strained relations after sitting down for their first in-person meeting as national leaders on the sidelines of the G20 summit in Bali, Indonesia. The meeting on Monday, which lasted three hours, involved … Read more