Tag: Asia Economy
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Seoul, Washington to halve joint drills as Trump reportedly seeks summit with North Korea’s Kim
Seoul, Washington to halve joint drills as Trump reportedly seeks summit with North Korea’s Kim
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Russia says its economy is strong. It just fired a top economist who warned otherwise
Andrei Klepach was reportedly fired from his role after presenting a report warning that Russia could not win a prolonged war of attrition with Ukraine.
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Ship attacked in Hormuz Strait as U.S.-Iran ceasefire expiry risks prolonged conflict
The attack caused damage to the engine room and resulted in a crew casualty, UKMTO said, adding that the remaining crew were being assisted by the Omani Coast Guard.
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China’s economy slows further in July as retail sales barely grow, investment slump steepens
The data is reinforcing concerns about the health of the world’s second-largest economy, which has grappled with a deepening supply-demand imbalance.
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Japan second-quarter GDP grows 1.1% on an annualized basis, missing expectations
On an annualized basis, Japan saw growth of 1.1%, against estimates of 2%.
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Beijing is said to move to clarify tax rules stoking confusion among China’s ultra-wealthy
Beijing is said to be moving to clarify ambiguities in new tax rules on offshore trusts after the policy sowed confusion among wealthy Chinese and advisors.
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Russia’s economy has defied the skeptics. Cracks are getting harder to hide
Russia’s wartime economy is under growing strain as its budget deficit widens and analysts warn pressure could intensify next year.
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Tata chairman’s shock exit move puts JLR owner’s bets on chips, iPhones and Air India at risk
Tata Sons Chairman’s sudden exit plan has sparked concerns over the Indian multinational’s commitment to invest big bucks in projects of national importance.
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CNBC Daily Open: Washington tightens squeeze on the Iranian economy
The U.S. seeks to escalate pressure from blockade to financial isolation, while Iran races to build a way around it.
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China built robots that can do backflips – but can they make money?
Unitree’s IPO will gauge investors’ appetite for a technology that has yet to prove its commercial viability amid intensifying geopolitical tensions.
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