The East Asia and Pacific region, excluding China, is expected to grow 4per cent this year, World Bank President David Malpass said on Thursday, down from a 4.4per cent forecast in March and with the pace of the rollout of COVID-19 vaccines a risk to the outlook.
South Korea's central bank kept monetary policy unchanged on Thursday but hinted at scaling back easing, taking a small step towards tightening to end its run of record-low interest rates.
BEIJING: China's economic growth more than halved in the second quarter from a record expansion in the first three months of the year, as slowing manufacturing activity, higher raw material costs and new COVID-19 outbreaks weighed on the recovery momentum. Gross domestic product (GDP) expanded 7.9 ...
Beyond Meat said on Thursday it has launched an online store in China on ecommerce company JD.com, as the plant-based meatmaker aims to boost sales in the world's biggest meat market where consumer interest in meat alternatives is low.
South Korea's central bank kept its policy rate unchanged on Thursday, as a resurgence in COVID-19 cases threatens to hurt the economy's recovery, even as exports and inflation perk up.
The U.S. Consumer Product Safety Commission (CPSC) said on Wednesday it has sued Amazon.com Inc to force the retailer to recall hundreds of thousands of hazardous products that it had distributed on its platform.
Cruise ship crew and hospitality staff are international labour migrants driven by hopes of a better life. COVID-19 has revealed the precarity of their employment, says the Australian National University’s Kathryn Robinson.
Shein is outshining its fast fashion competitors when their market outlook is dim – but a growing countertrend of eco-consciousness might be its downfall, say researchers.
RESPONDING to queries from the Singapore Exchange Regulation about unusual price movements in its shares on Wednesday, wealth management platform iFast Corporation cited earlier announcements about a successful tender bid for a Hong Kong project and a consortium application for a digital bank licence in Malaysia.
REGULATORS are getting anxious about how mushrooming "stablecoins" - mostly dollar-pegged crypto tokens - could sow instability in wider financial markets more directly than already volatile crypto currencies like Bitcoin.
