Bolstered by Trump’s election, Israeli settlers hope to annex West Bank
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· Linda Gradstein
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Economy & Finance
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Newest first · UTC+11:00World Bank helps Malawi’s poorest tackle climate shocks
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· Lameck Masina
Gaza war drives up unemployment, poverty in West Bank
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· Linda Gradstein
What does it take for foreign brands to thrive in China today? | South China Morning Post
International brands have enjoyed a mostly free run in the Chinese market since China opened its doors to foreign investors in the late 1970s. Starbucks, Apple and McDonald’s are among the major names to have dominated the Chinese market after introducing services and products that did not exist in the country. In r…
Taliban attracts Chinese tourists to Afghanistan in an effort to boost the economy | South China Morning Post
More travellers are visiting an unusual destination – Afghanistan. Since 2021, the war-torn nation has seen tourism rise more than 900 per cent. Some attribute the change to official data reporting a sharp drop in violence and increased flight connections from major cities like Dubai. Most foreign visitors are from …
Data centres, EVs bring growth and climate challenges to Hong Kong utility CLP, says CEO | South China Morning Post
Digitalisation and electrification in parts of Hong Kong’s economy have brought growth opportunities as well as decarbonisation challenges, according to the head of CLP Holdings, the larger of Hong Kong's two power utilities. CEO Chiang Tung-keung told the Post that he attributed half of CLP’s 2.5 per cent power sal…
Shanghai police round up Halloween party-goers, make some remove costumes | South China Morning Post
Police rounded up Halloween party-goers in Shanghai on October 26, 2024. Video posted on social media showed officers escorting people wearing Halloween costumes. They were taken to designated places in the Chinese city where they were told to remove their costumes. Social media posts said those rounded up were requ…
‘We’re quite helpless’: why Chinese delivery drivers are at their breaking point | South China Morning Post
Videos widely circulating on social media show Chinese food delivery drivers increasingly having meltdowns. They are among the 12 million drivers who support the world's largest food delivery market. Amid a stagnating economy, more people are turning to gig work as a means of supporting themselves. What was once an …
Journalists trained to help stop Africa’s $90 billion lost to financial crime
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· Senanu Tord
China sees slowest economic growth in over a year with 4.6% GDP in third quarter | South China Morning Post
China has recorded its slowest quarterly gross domestic product growth rate in over a year at 4.6 per cent, a further setback to the country’s target of “around 5 per cent” for the full year. The nation’s economic recovery has been slow following the Covid-19 pandemic, with domestic consumption and investor confiden…
EU, internal criticism against Hungary mounts over Russia, economy
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· Myroslava Gongadze
VOA60 America - Dozens of pro-Palestinian protesters arrested outside New York Stock Exchange
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· VOA
Chinese premier calls for greater regional cooperation at Asean summit | South China Morning Post
Chinese Premier Li Qiang played up the potential of greater economic integration between Asean and Beijing at a regional summit on October 10, 2024. Speaking at the Association of Southeast Asian Nations summit in Laos, Li said closer and more organic integration of the two markets would have a major scaling-up effe…
Wild swings in Hong Kong and mainland China stock markets | South China Morning Post
More market news here: https://sc.mp/bezad
Cambodia’s ambitious China-backed Funan Techo Canal risks harming Mekong River | South China Morning Post
For decades, Sok Kouen has been living in a small shack by the Mekong River in southeastern Cambodia, collecting plastic containers and selling sugar cane juice to support her family. But her home could soon become part of Cambodia’s mega Funan Techo Canal project. The China-funded waterway will run from the Mekong …
Boom or bust: how sustainable is China’s stock frenzy? | South China Morning Post
Hong Kong stocks had surged for a third straight week as of October 4, 2024, amid a US$3 trillion market rally driven by stimulus measures put in place by mainland Chinese authorities. The Post spoke with Kenny Wen, head of investment strategy at KGI Asia, to explore what investors should look for next.
Rally cry by Xi sets economic priorities for Chinese officials, absolves them of mistakes | South China Morning Post
China’s President Xi Jinping has issued a rallying call to help the private sector and mobilise officials around the nation to prioritise reviving the economy. In an unexpected Politburo meeting on September 26, 2024, top Beijing officials also vowed to help tide over enterprises facing hardships. They encouraged lo…
‘We saw this coming’: citizens react to China increasing its retirement age | South China Morning Post
China’s government has announced it is lifting the retirement age for workers. The changes set to go into effect from January 1, 2025, are seen as an attempt to mitigate the effects of a rapidly ageing society and slow down the draining of pension funds. About half of all provincial administrative regions across the…
Financial woes at Hong Kong's commercial gyms open doors for freelance fitness trainers | South China Morning Post
The closure of several major gym companies in Hong Kong over several years, including the recent shuttering of the Physical Fitness chain, has left fitness professionals and clients looking for alternatives to commercial workout spaces. A growing number of trainers are taking the freelance route, opting to work for …
Zimbabwe hopes tourism will help revive the economy
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· Columbus Mavhunga
China announces mortgage rate cut as part of new measures to boost economy | South China Morning Post
China announced new heavyweight policies to boost its economy on September 24, 2024. The measures include cuts to the mortgage rate for existing housing and the reserve requirement ratio, as well as plans to roll out new tools to support the stock market. The reserve requirement ratio is the amount of cash commercia…
Sri Lankans choose Marxist-leaning Dissanayake as president to fix economy | South China Morning Post
Read more on this: https://sc.mp/j2f1a
Huawei’s Mate XT trifold smartphone sparks frenzy, prompting sky-high resale prices | South China Morning Post
Huawei Technologies officially released the Mate XT trifold smartphone on September 20, 2024. The tech giant’s latest product sparked a frenzy at its launch, with a price some netizens have called ludicrously high. It also reflected Huawei’s success at stealing Apple’s thunder in the world’s largest smartphone marke…
Exploring the flavours of the world’s ‘happiest country’ Bhutan | South China Morning Post
Situated in the Eastern Himalayas, the kingdom of Bhutan has become synonymous with serenity and spirituality. People outside Bhutan have given the country many names, such as “happiest country in the world” or “last Shangri-la”. Bhutan authorities have not focused on measuring economic growth with an index like gro…
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Who could win Sri Lanka’s ‘make or break’ presidential election? | South China Morning Post
Sri Lanka is set to hold its first presidential election since the nation plunged into an economic crisis in 2022. Financial experts say the next leader will have to implement a series of fiscal and structural reforms, or the country may be unable to recover without outside support. The outcome of the September 21, …
Trump, Harris focus on economy as election draws near
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· Scott Stearns
Hong Kong's ethnically diverse businesses boost their visibility in ‘GuideFong Bazaar’ | South China Morning Post
Small business owners from Hong Kong’s ethnic communities, including Indians, Filipinos and Nepalis, recently set up market stalls together at the first event of its kind in the city. The "GuideFong Bazaar" was organised by the Foundation for Shared Impact (FSI), a social start-up founded in 2018. The organisers aim…
Market in Ukraine's Kharkiv region helps out-of-work farmers
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· Anna Kosstutschenko
India’s middle class reshaping Asia tourism as sector pivots to next big market | South China Morning Post
A growing appetite for overseas travel among India’s growing middle class is reshaping tourism trends in Asia. Destinations including Hong Kong and Central Asia are seeing spikes in travellers due to improved flight connectivity and affordable packages, say industry analysts. Meanwhile, young people in India are bre…
China’s first civil manned airship breaks into country’s growing low-altitude tourism sector | South China Morning Post
An air transportation group in China’s southern Guangxi province received the country’s first batch of self-developed civil manned airships on September 14, 2024. The AS700 tourist airship, manufactured by the state-owned Aviation Industry Corporation of China, is the latest addition to the country’s growing low-alt…
Typhoon Bebinca hits Shanghai as city sees worst storm since 1949 | South China Morning Post
China's financial hub Shanghai has been hit by its strongest typhoon in 75 years. Typhoon Bebinca made landfall at 7.30am on September 16. Near its eye, the storm packed winds of more than 151km/h (94mph). The city had not seen a storm of this size since Typhoon Gloria in 1949. More than 414,000 people were evacuate…
Philippine officials in hot water over selfies with fugitive mayor Alice Guo | South China Morning Post
Fugitive former mayor Alice Guo has arrived in the Philippines, after her extradition from Indonesia on September 6, 2024. Guo faces a probe into her alleged ties to Chinese criminal syndicates involved in the online casino industry. The arrest of the one-time mayor of Bamban, Tarlac province is the latest chapter i…
Israel continues large-scale operation in West Bank to root out Hamas infrastructure
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· Linda Gradstein
Trump, Harris campaign on economy, prepare for debate
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· Scott Stearns
VOA60 World - Israeli airstrike hits West Bank on third day of large-scale military operation
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· VOA
VOA60 World - Israeli forces kill at least 5 Palestinian militants in West Bank
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· VOA
Japan’s former leaders couldn’t fix the economy, but will the next PM be able to? | South China Morning Post
Faced with record-low approval ratings and a flailing economy, Japanese Prime Minister Fumio Kishida announced his resignation on August 14, 2024. The island nation slipped into recession in 2024, losing its status as the world's third-largest economy. Consumer confidence and salaries have since remained low, despit…
Inflation, fatigue wear on Germany’s resolve to help Ukraine
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· Ricardo Marquina
San Marino's bid to access EU financial sector dogged by ties to Russia
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· Henry Wilkins
Indian Prime Minister Modi pledges financial aid after deadly landslides hit Kerala state | South China Morning Post
Read more on this: https://sc.mp/de8x7
Bangladesh protests widen to target top officials appointed during Sheikh Hasina’s rule | South China Morning Post
Advertisement03:05BangladeshVideoAsiaBangladesh protests widen to target top officials appointed during Sheikh Hasina’s ruleJayson AlbanoandCaroline Qiqige WangPublished: 6:30pm, 12 Aug 2024Read more about Bangladesh: https://sc.mp/eeab2 Bangladesh’s chief justice and central bank chief have reportedly resigned afte…
South Korean defence chief: building nuclear arms would roil US ties, markets | South China Morning Post
South Korea could rupture its alliance with the US and shock financial markets if it were to start building nuclear weapons, Seoul’s Defence Minister said on August 7, 2024. Shin Won-sik dismissed renewed domestic calls for the South to develop its own arsenal to deter the North. As Pyongyang rapidly expands its nuc…
Paris 2024: Summer Games opening ceremony held on Seine River in Olympic first | South China Morning Post
The opening ceremony of the 2024 Summer Olympics took place on the Seine River in Paris on July 26, 2024. Some 10,500 athletes were carried by 100 boats, sailing from the upper to the lower bank of the scenic river. It was the first time the Olympics opening ceremony was held outside a stadium and featured performan…
Israel legalizes settlement outposts in West Bank
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· Linda Gradstein
Japan weighs bold era of militarisation as Tokyo races to meet defence spending goals | South China Morning Post
Japan disbanded its military following its defeat in World War II and adopted a pacifist constitution that prohibits the country from engaging in war. Now decades later, Tokyo is significantly boosting its security spending, vowing to increase its defence budget to 2 per cent of its total GDP by 2027. The government…