China’s Asia export boom bedevils US friend-shoring
NEW YORK – China’s exports jumped 23% from the year-earlier month, breaking a five-month series of declines, China’s Customs Administration reported on April 13. Shipments to China’s neighbors in the Association of Southeast Asian Nations (ASEAN) led growth with a 34% year-on-year gain, reaching a new monthly record of US$54 billion seasonally adjusted. China’s leadership […]Continue Reading
Alibaba share sale a sign of SoftBank trouble
TOKYO — For once, news that Masayoshi Son is slashing his stake in Alibaba says more about SoftBank’s troubles than it says about the Chinese e-commerce giant. The specter of the Japanese billionaire – who effectively discovered Jack Ma back in 2000 – dumping Alibaba has long maddened investors. Whenever such talk flared up amid […]Continue Reading
Italy economy minister cautious over trade ties with China
Italy’s’s business secretary is wary of trade ties with China. Economy Minister Giancarlo Giorgetti was cited on Friday( Apr 14 ) as saying that Rome must become more cautious in its trade relations with China in light of the Belt and Road Initiative project’s’s partnership with Beijing. Italy joined theContinue Reading
Grab to increase platform fee to S$0.70 from May 5
SINGAPORE: Ride-hailing firm Grab will be raising its platform fee to S$0.70 (US$0.53) from May 5 for each ride, up from the current S$0.30 fee, the company said on Friday (Apr 14). The adjustment is in line with platform fees charged by other ride-hailing platforms in Singapore and the changeContinue Reading
AFL racism: Australian footy faces same problem 30 years on
As the sport formally marks a famous anti-racism protest, it is again struggling with a hate problem.Continue Reading
No evidence yet showing which animal COVID-19 may have come from, says former head of China CDC
, there is currently no evidence indicating which bird COVID – 19 may have originated. The former director of the Chinese Center for Disease Control and Prevention ( CDC) stated on Friday( Apr 14 ) that there is currently no evidence indicating which animal the COVID-causing virus originated from. AtContinue Reading
India’s not-so-neighborly trade failure
The potential for cross-border trade between India and its neighboring countries — Bangladesh, Bhutan, Nepal, Myanmar, Pakistan, Afghanistan and China — has not been fully realized. India’s formal cross-border trade with these countries was about US$2.48 billion in 2021 despite the $115 billion trade potential. Only nine of India’s 17 border states are actively engaged in cross-border trade. This […]Continue Reading
Survey says no landslide election win
No party will win the May 14 election by a landslide, according to the latest Super Poll survey.Continue Reading