Tag: Economy

China’s Xi arrives in Myanmar on billion-dollar charm offensive

by Hla-Hla HTAY / Dene-Hern Chen Chinese President Xi Jinping touched down in Myanmar's capital Friday on a state visit aimed at buttressing the embattled government of Aung San Suu Kyi and driving through multi-billion-dollar infrastructure deals. The wide highways and manicured lawns of Naypyidaw, purpose-built...

Mahathir-Anwar transition tussle will keep investors away: Nikkei

The moderate pace of Malaysia's economic growth shows investors are not beating down the doors to invest in the country, according to the Nikkei Asian Review. The Japanese economic publication reported on Tuesday (Jan 14) that this is because of the unresolved power struggle at...

Lack of transparency in China’s Belt and Road projects: EU firms

A lack of information and transparency are top barriers for European companies seeking involvement in China's Belt and Road Initiative, according to a survey published Thursday by the European Union Chamber of Commerce in China. Only 20 out of 132 firms polled said they have...

Curtain falls on Germany’s ‘golden decade’ of growth

by Tom BARFIELD German economic growth plummeted in 2019, official data showed Wednesday, providing fresh ammunition for debate about how to use fiscal surpluses to boost gross domestic product. Europe's powerhouse expanded just 0.6 percent last year, compared with 1.5 percent in 2018, federal statistics authority...

Trump on impeachment brink, but far from falling

by Sebastian SMITH with Brendan SMIALOWSKI in Hershey, Pennsylvania For a man on the brink of becoming only the third US president to be impeached, Donald Trump sure sounds confident. "You're so lucky I became your president," he boomed to cheering supporters late Tuesday in Hershey,...

British town Walsall pays dearly for UK retail crisis

by Jean-Baptiste OUBRIER With its deserted streets and closed shops, the centre of Walsall bears witness to Britain's retail crisis that political parties campaigning for election have vowed to fix. It's difficult not to be struck by the multitude of "to let" signs on unoccupied shop...

Understanding the Fintech revolution

“Fintech is a term used to describe financial technology, an industry encompassing any kind of technology in financial services - from businesses to consumers. Fintech describes any company that provides financial services through software or other technology, and includes anything from mobile payment apps...

Elderly cardboard collectors struggle to walk up to 30 minutes after their Chinatown collection point shuts down

Two elderly ladies who collect and sell cardboard for a living spoke about how much harder their jobs became when a collection point at Chinatown was shut down, causing them to have to walk up to 30 minutes more, pushing their heavy trollies, to...

Crunch Brexit talks resume as EU and UK close in on possible text

by Dave CLARK British and European negotiators resumed intense negotiations on a draft Brexit deal Wednesday after late-night talks brought them closer but failed to confirm an elusive breakthrough. News that Britain has softened its stance on the customs status of Northern Ireland in order to clinch...

Indranee Rajah: No recession in Singapore yet, government closely watching

Singapore—Despite the difficulties the country has faced this year due to unstable global conditions, the economy has not entered into a recession quite yet, and the government is keeping a close and watchful eye on it, according to Minister in the Prime Minister's Office...