apan’s factory output fell for a second consecutive month in October, as stalling global demand and lingering supply bottlenecks put a lid on Japanese manufacturers’ production plans. The feeble business activity highlights challenges for the world’s third-largest economy, which has...
Asian shares rebounded on Wednesday as investors pinned hopes on China eventually reopening its economy despite growing COVID lockdowns that pushed its factory and services sector activity deeper into contraction. Europe and Wall Street were also set to open higher...
Australia’s Great Barrier Reef should be listed as a world heritage site that is “in danger”, a UN panel recommended on Tuesday, saying the world’s biggest coral reef ecosystem was significantly impacted by climate change and warming of oceans. Frequent...
Malaysia’s Capital A (CAPI.KL) will combine its AirAsia budget airline business with long-haul offshoot AirAsia X (AIRX.KL) as part of a corporate restructuring designed to shed its status as a financially-distressed firm, CEO Tony Fernandes said. Capital A, headed by Fernandes, will retain the...
Indonesia plans to subsidise sales of electric cars and motorbikes starting next year so that they become more affordable, a senior government minister said on Tuesday. Coordinating Minister of Maritime and Investment Affairs Luhut Pandjaitan said the government is finalising...
Thailand’s economy may not reach a forecast growth of 3.8% next year due to a global economic slowdown, but this year’s outlook should still be achieved, the finance minister said on Tuesday. Slowing exports will not affect the ministry’s growth...
Taking time off work, South Korean bus driver Cho Gi-Dong has visited a crypt where the remains of his 24-year-old daughter are kept almost every day since she perished in a deadly crush on the night of Halloween a month...
Nestle’s (NESN.S) Nespresso coffee business is launching paper-based compostable capsules to attract customers put off by the Swiss packaged food giant’s metal ones, which despite being recyclable often end up in landfill. Nespresso CEO Guillaume Le Cunff told Reuters that not all...
Australia’s Qantas Airways Ltd (QAN.AX) raised its first-half pre-tax profit outlook on Wednesday on strong travel demand, with limits on international capacity helping boost domestic tourism, sending its shares to more than a two-year high. In its second profit upgrade in six...
Singapore on Wednesday forecast its economic growth would slow in 2023 amid persistent inflation and global pressures that would hit demand for the city-state’s outward-oriented industries like trade and finance. Gross domestic product (GDP) is expected to rise by 0.5%...
