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Business

There are clear signs of trouble in China’s economy, indicating a significant underlying issue | George Magnus

by Craig Fedirighi
There are clear signs of trouble in China’s economy, indicating a significant underlying issue | George Magnus

At a Politburo meeting last month, China’s leaders referred to the economic recovery this year as “torturous”. You won’t often hear such candour coming from a Chinese Communist party institution, …

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Categories Business

US President Joe Biden imposes restrictions on specific tech investments in China

by Craig Fedirighi
US President Joe Biden imposes restrictions on specific tech investments in China

President Joe Biden signed an executive order on Wednesday that will limit new U.S. investment in China in certain sensitive technologies. The order requires government notification in various tech sectors. …

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Categories Business

UK survey reveals that the cost of living crisis is causing Gen Z and millennials to lose hope of owning a home

by Craig Fedirighi
UK survey reveals that the cost of living crisis is causing Gen Z and millennials to lose hope of owning a home

The world is suffering a cost of living crisis as inflation has surged and disposable incomes have been squeezed. The full impact on young adults has been highlighted by a …

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Categories Business

Withdrawal of 27 Private Labels by Amazon in the US Positively Impacts Government’s Plan

by Craig Fedirighi
Withdrawal of 27 Private Labels by Amazon in the US Positively Impacts Government’s Plan

NEW DELHI: Amazon‘s move to withdraw 27 of its 30 private labels in the US couldn’t have come at a worse time for the e-commerce giant and provides further ground …

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Categories Business

UAE Emerges as World’s Most Connected Nation, Catapulting its Digital Economy to New Heights

by Craig Fedirighi
UAE Emerges as World’s Most Connected Nation, Catapulting its Digital Economy to New Heights

Nation has 10 million active social media accounts, more than one for every citizen Number of websites registered in 2022 rose 25% LONDON: The UAE is the world’s most connected …

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Categories Business

English wine producers anticipate a generous harvest following substantial rainfall in July | Food and beverage sector

by Craig Fedirighi
English wine producers anticipate a generous harvest following substantial rainfall in July | Food and beverage sector

While the rainfall in July may have been unwelcome to some, it came at the right time for wine producers in England, who are predicting bumper harvests after perfect weather …

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Categories Business

Lebanon and Kuwait Join Efforts to Ban ‘Barbie’ Film Over Alleged Promotion of Homosexuality

by Craig Fedirighi
Lebanon and Kuwait Join Efforts to Ban ‘Barbie’ Film Over Alleged Promotion of Homosexuality

Lebanon’s culture minister has taken a stance against the film “Barbie” by issuing a ban in cinemas, claiming that it promotes homosexuality and goes against religious values. The support for …

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Categories Business

UltraTech set to increase cement production capacity to 200 million tonnes

by Craig Fedirighi
UltraTech set to increase cement production capacity to 200 million tonnes

MUMBAI: Billionaire Kumar Mangalam Birla plans to increase UltraTech Cement’s capacity to 200 million tonne per annum (mtpa) in a bid to consolidate his market leadership position even as Gautam …

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Categories Business

Families and friends mourn victims on the 38th anniversary of the 1985 Japan Airlines crash

by Craig Fedirighi
Families and friends mourn victims on the 38th anniversary of the 1985 Japan Airlines crash

MAEBASHI, Gunma Pref. – Families and friends commemorated on Saturday the 38th anniversary of the Japan Airlines jet crash that killed 520 passengers and crew in the world’s deadliest single-aircraft …

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Categories Business

PwC Allegedly Failed to Keep Record of Client Privilege Claims Utilized to Hinder ATO Investigations

by Craig Fedirighi
PwC Allegedly Failed to Keep Record of Client Privilege Claims Utilized to Hinder ATO Investigations

PwC Australia lost track of who prepared dozens of client privilege claims that blocked the Australian Tax Office from gathering evidence for its investigations, a Senate inquiry has heard. Earlier …

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Categories Business
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