How IMF turned the world against the British pound

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Everyone from political pundits to people on the street have issued forth on the new UK government’s tax cut-laden growth plan recently. But it was a rare public rebuke from the International Monetary Fund (IMF) that really impacted financial markets. Days after the government made its mini-budget announcement, the IMF warned that “large and untargeted […]

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China scrambles to keep sagging exports afloat

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China's private sector has been a key driver of export growth. Photo: iStock

China’s government has unveiled new measures to help its exports keep growing in the second half of this year amid slowing demand in Europe and the United States. On Tuesday, China’s Ministry of Commerce said it would help exporters with export credit insurance and tax benefits, and make it easier for them to participate in […]

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Vietnam ready for next FDI wave out of China

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Foreign immediate investment (FDI) in Vietnam continues to enhance, rising from US$11. 57 billion within July to $12. 8 billion in August 2022, signaling the country’s recovery from Covid-19. The growth is definitely partly due to Hanoi’s consistent efforts to offer a  safe plus welcoming environment  regarding foreign business via Special Economic Areas (SEZs) — making sure companies have access to a nearby […]

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Is Australia’s Reserve Bank bankrupt?

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Australia’ s Reserve Financial institution has just reported the loss of A$37 billion dollars (US$24. 1 billion), the biggest in its history, and it says it will probably be unable to pay the federal government dividends for some time. The particular announcement followed a review of its bond-buying program, one of the most important methods it supported the particular economy during the very first […]

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Japan becomes global contender in industrial lasers

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More than twenty companies are active in the industry of ultrashort heartbeat (USP) lasers worldwide, according to Laser Concentrate World,. Most of them are usually European and American; a few are through China. Now there is really a new, potentially effective Japanese entrant. Hamamatsu Photonics is using European support in order to expand its laser-related product line and develop […]

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Hong Kong to end hotel quarantine on Sept 26

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Hong Kong will cancel its hotel quarantine rule and negative PCR test requirement before boarding for international travelers from September 26, the government said today in a long-awaited policy shift to revive the city’s sagging status as an international business hub. Hong Kong will adopt a so-called “0+3” arrangement whereby incoming travelers will no longer […]

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US pulls the plug on more China telecos

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Cina has expressed its strong opposition to some new US Federal Communications Commission (FCC) decision to prohibit three Chinese phone system companies from selling equipment to the internet development finance. On Tuesday, the FCC said this had put Chinese language telecom firms China Unicom (Americas), Pacific Networks Corp and it is wholly-owned subsidiary ComNet (USA) on the “ Covered […]

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Why India’s economy is so much better than Pakistan’s

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India and Pakistan inherited the same economic legacy of underinvestment and neglect from Britain when they became independent states following the Partition on August 15, 1947. Their colonial economies were among the poorest in the world. For both nations, independence almost immediately led to strong growth and fueled significant gains in education, health care and […]

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HK may finally lift quarantine rules in Nov

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Hong Kong’s government is expected to announce this week a further relaxation of its Covid-19 quarantine rules by November to attract more international travelers and restore the city’s sagging standing as an international business hub, according to local press reports. All incoming travelers to Hong Kong must now stay at designated hotels at their own […]

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