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Today: January 23, 2025
Today: January 23, 2025
ELAINE KURTENBACH

ELAINE KURTENBACH

Staff Writer

Latest From ELAINE KURTENBACH

Asia|News|Technology|World

China Communist Party policy meeting endorses leader Xi's high-tech vision for economy

China's ruling Communist Party has ended a top-level meeting by endorsing policies aimed at building the country's technological power and fortifying its national security

China Communist Party policy meeting endorses leader Xi's high-tech vision for economy
Business|News|Technology|World

A faulty software update causes havoc worldwide for airlines, hospitals and governments

A global technology outage grounded flights, knocked banks offline and media outlets off air after a faulty software update disrupted companies and services around the world and highlighted their dependence on just a handful of providers

A faulty software update causes havoc worldwide for airlines, hospitals and governments
Business|Economy|Finance

China moves to pep up its slowing economy, lays out roadmap for its future

China’s central bank has cut key interest rates in a surprise move aimed at injecting pep into the economy, while the ruling Communist Party released a 50-page roadmap addressing long-term challenges

Asia|Economy|Finance

Stock market today: Asian shares are mixed after Wall Street breaks losing streak

Shares are mostly higher in Asia after a rally on Wall Street

Stock market today: Asian shares are mixed after Wall Street breaks losing streak
Business|Economy|Finance|US|World

Chinese officials warn of risks from higher US tariffs, urge US business leaders to help mend ties

Chinese officials have warned a delegation of top U.S. executives visiting Beijing this week that higher tariffs on imports from China will harm their businesses inside the country

Chinese officials warn of risks from higher US tariffs, urge US business leaders to help mend ties
Asia|Business|Economy|Finance|Technology

China cuts 1-year benchmark rate and doubles subsidies for EVs in its 'cash for clunkers' program

China has ratcheted up its efforts to spur slowing growth by cutting a key policy rate and doubling subsidies for electric vehicles bought to replace older cars

Asia|Business|Economy|Finance|Stock Markets

Stock market today: Asian shares mostly advance after Wall St comeback from worst loss since 2022

Shares are mostly higher in Asia, with major markets apart from Shanghai and Taiwan logging modest gains

Stock market today: Asian shares mostly advance after Wall St comeback from worst loss since 2022
Business|Economy|Political

China's top leaders vow to support consumers and improve confidence in its slowing economy

China’s powerful Politburo has endorsed the ruling Communist Party's strategy for growing the economy by encouraging more consumer spending and weeding out unproductive companies to promote “survival of the fittest.”

China's top leaders vow to support consumers and improve confidence in its slowing economy
Business|Economy|Finance|World

What are carry trades and how did they contribute to this week's global market mayhem?

The mayhem that swept across world markets this week was partly caused by a market strategy known as the “carry trade.”

What are carry trades and how did they contribute to this week's global market mayhem?
Asia|Business|Economy|Technology

China auto sales fall in July, while exports jump about 20% as automakers expand across the globe

Auto sales in China faltered in July, falling 5% from a year earlier, although exports jumped about 20% from a year earlier as makers of electric vehicles expanded into global markets

China auto sales fall in July, while exports jump about 20% as automakers expand across the globe
Asia|Business|Economy|Finance|News|Stock Markets|US

Stock market today: Asian shares are mixed as Wall Street gears up for an interest rate cut

Shares are mixed in Asia after the Dow Jones Industrial Average set a record as Wall Street gears up for Federal Reserve's most anticipated meeting in years

Stock market today: Asian shares are mixed as Wall Street gears up for an interest rate cut
Asia|Business|Economy|News|World

China redoubles first-aid for its economy with support for banks and workers

China is redoubling its first-aid for the economy, targeting banks, workers and poor families as the ruling Communist Party prepares to mark the 75th anniversary of the founding of the People's Republic

China redoubles first-aid for its economy with support for banks and workers
Asia|Environment|Science

Asia needs to spend much more to adapt to climate change and limit its damage, bank study says

A study by the Asian Development Bank shows that countries in Asia will suffer worse damage from the climate crisis than other regions and they are not spending enough to limit the damage and adapt to changing weather patterns and natural disasters

Asia needs to spend much more to adapt to climate change and limit its damage, bank study says
Asia|Business|Economy|Finance|Stock Markets

Stock market today: World shares are mostly higher after Big Tech losses pull Wall St lower

World shares are mixed after losses for big technology stocks pulled major indexes lower on Wall Street

Stock market today: World shares are mostly higher after Big Tech losses pull Wall St lower
Business|Economy|Political|Technology|US|World

US expands list of Chinese technology companies under export controls

The U.S. Commerce Department has expanded the list of Chinese technology companies subject to export controls to include many that make equipment used to make computer chips

US expands list of Chinese technology companies under export controls
Asia|Economy|Political|Technology|World

China bans exports to US of gallium, germanium, antimony in response to chip sanctions

China has announced a ban on exports to the United States of gallium, germanium and other key high-tech materials with potential military applications

China bans exports to US of gallium, germanium, antimony in response to chip sanctions
Asia|Business|Economy|Political|Technology|US|World

China's ban on key high-tech materials could have broad impact on industries, economy

China has banned exports of key materials used for a wide range of products, including smartphones, electric vehicles, radar systems and CT scanners, swiping back at Washington after it expanded export controls to include dozens of Chinese companies that make equipment used to produce computer chips

China's ban on key high-tech materials could have broad impact on industries, economy
Asia|Business|Economy|Political|World

Chinese leaders pledge 'moderately loose' monetary policy, more support for slowing economy

China's top leaders have pledged to loosen monetary policy and provide more support for the slowing economy

Chinese leaders pledge 'moderately loose' monetary policy, more support for slowing economy
Business|Economy|Political|US|World

US hikes tariffs on imports of Chinese solar wafers, polysilicon and tungsten products

The Biden administration has announced it is raising tariffs on solar wafers, polysilicon and some tungsten products from China to protect U.S. clean energy businesses

US hikes tariffs on imports of Chinese solar wafers, polysilicon and tungsten products
Asia|Business|Economy|Political|World

China ends planning meeting with vows to stabilize its economy, but gives no details on stimulus

Chinese leaders have wrapped up a two-day planning meeting in Beijing with pledges to take a more proactive approach in pepping up the economy, but gave no details on stimulus measures

China ends planning meeting with vows to stabilize its economy, but gives no details on stimulus
Asia|Business|Economy|Finance|Political|World

China signals it's prepared to double down on support for the economy as Trump tariffs loom

Chinese leaders met this week to plot economic policy for the coming year and sketched out plans to raise government spending and relax Beijing's monetary policy

China signals it's prepared to double down on support for the economy as Trump tariffs loom
Asia|Business|Economy|Political|Technology|US

Why is tech giant SoftBank investing over $100 billion in the US?

Japanese tycoon Masayoshi Son has joined President-elect Donald Trump in announcing plans by technology and telecoms giant SoftBank Group to invest $100 billion in projects in the United States

Why is tech giant SoftBank investing over $100 billion in the US?
Asia|Business|Economy|Stock Markets

What a merger between Nissan and Honda could mean for the automakers and the industry

Japanese automakers Nissan Motor Corp. and Honda Motor Co. have confirmed that they are discussing closer collaboration but denied reports they have decided on a merger

What a merger between Nissan and Honda could mean for the automakers and the industry
Asia|Business|Finance|Stock Markets|World

Founder of muckraking financial information firm Hindenburg Research calls it quits

The founder of the muckraking financial research firm Hindenburg Research says he is disbanding the organization after finishing the work it set out to do

Founder of muckraking financial information firm Hindenburg Research calls it quits
Asia|Business|Economy|Political|World

China's exports in December up 10.7%, beating estimates as higher US tariffs loom

China’s exports in December grew at a faster pace than expected, as factories rushed to fill orders to beat higher tariffs that U.S. President-elect Donald Trump has threatened to impose once he takes office

China's exports in December up 10.7%, beating estimates as higher US tariffs loom

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