A focused view of neutral reporting on Economy & Finance, brought together across publishers.
Explore all topics →
India’s largest crocodile park, the Madras Bank Trust and Centre for Herpetology, could be running out of funds in as little as four months as ticket revenues shrink because of the coronavirus lockdown. The restrictions on movements to slow the spread of Covid-19 started in late March and continue in many parts of t…
Typhoon Hagupit landed on the east coast of China in the early hours of August 4, 2020, bringing heavy rains and floods to the region. Around 381,000 people had to be evacuated from affected areas in Zhejiang province. The typhoon was heading north towards the financial hub of Shanghai, and was expected to move back…
No media source currently available
No media source currently available
China’s cinemas are starting to reopen after being closed for nearly six months because of the coronavirus pandemic. But strict measures remain in place to prevent the spread of Covid-19, and there were only 130,000 tickets sold across the country when they opened on July 20, 2020. China has grown to become the worl…
US Democratic presidential candidate Joe Biden and former President Barack Obama stepped up their attacks on incumbent President Donald Trump, defending their time in the White House in a new video. In the first segment of the 15-minute YouTube video posted online on July 23, 2020, Biden and Obama discuss how Trump …
Despite the undeniable gloom of the pandemic and months of political turmoil in Hong Kong, JLL Head of Retail Oliver Tong believes the city is still the place for international businesses to take up retail space. Saying he believes those pressures will “reset” the property market to a “healthy rate”, he told the Pos…
Myanmar has amended wildlife protection laws to allow the commercial farming of tigers, pangolins and other endangered species. Private zoos were given the green light in June 2020 to breed 90 species, including 20 which are endangered or critically endangered. Myanmar forestry officials touted the new regulations a…
Gareth Evans, a former Australian foreign minister during the Hawke-Keating administration which was open to working with Asia, says there are so many areas where Australia and China can work together that it's important for the two countries to ease tensions and seek a calmer diplomatic approach. Evans spoke with t…
Police say four gunmen attacked the Pakistan Stock Exchange in Karachi on June 29, 2020. The attackers reportedly killed at least three people before they were themselves shot dead.
Police say a group of four gunmen attacked the Pakistan Stock Exchange in Karachi on June 29, 2020. The attackers reportedly killed at least two people before they were shot and killed.
A 8-year-old boy in China’s eastern province Jiangsu set mannequins in a clothing market on fire. Some passers-by put out the fire immediately. The boy told the police that he just felt like doing it for fun.
No media source currently available
Banking veteran and opinion columnist Richard Harris says the Hong Kong economy can endure the planned implementation of a national security law and emerge stronger. He argues that business fundamentals that make the city attractive remain intact, despite a reported outflow of money as investors assume the worst abo…
Facing a dwindling number of graduate jobs and a shrinking global economy, Hong Kong’s university graduates in the Class of 2020 face an uncertain future amid the ongoing coronavirus pandemic. The prospect of years of hardship after graduation has some considering their options for a change of career plans.
No media source currently available
Global transport and distribution networks have been deeply affected by the Covid-19 pandemic. Supply chains across the world were suddenly placed under severe stress, trying to balance surging demand for certain products with a need to limit human contacts to slow the spread of the illness. The fallout so far has m…
At a time when COVID-19 cases are rising in many U.S. states, presumptive Democratic Party presidential nominee Joe Biden recently denounced President Donald Trump’s handling of the pandemic as “almost criminal.” As VOA’s Brian Padden reports, criticism goes both ways, and conservatives worry Biden’s proposed plan t…
Jesus Seade, Mexico's top trade negotiator and a nominee to become the next leader of the World Trade Organisation (WTO), is pitching himself as a unifying candidate who can get global superpowers the US and China back to the bargaining table. Seade spoke with the SCMP's Finbarr Bermingham on June 17, 2020.
China halted salmon imports from European suppliers on June 17, 2020, amid fears the product is connected to a fresh cluster of coronavirus cases linked to Beijing’s Xinfadi wholesale market. As of June 16, at least 32 of 106 Covid-19 cases confirmed over the previous six days were traced back to the market, prompti…
Chinese state-run media reported on June 12, 2020, that the coronavirus was found on chopping boards used by a seller of imported salmon at Beijing’s Xinfadi wholesale food market, where a new cluster of more than 100 Covid-19 cases is thought to have originated. But on June 15, World Health Organisation officials s…
New coronavirus cases which were reported starting June 11, 2020, at Beijing’s major wholesale market Xinfadi, are raising fears that a second wave of Covid-19 is developing in the Chinese capital. The number of locally transmitted cases in China was the highest it has been in about two months, after 36 new infectio…
Beijing’s Fengtai district has launched “wartime-like control measures” following a spike in novel coronavirus cases centred around a major wholesale market called Xinfadi. All six confirmed Covid-19 cases reported on June 12, 2020, were in relation to the Xinfadi market. Throat swabs from 45 people, out of 517 test…
The SCMP's Senior Asia Correspondent Bhavan Jaipragas and Malaysia Correspondent Tashny Sukumaran sat down with Malaysian ex-premier Dr Mahathir Mohamad on the morning of June 11 to discuss domestic politics and the state of the Malaysian economy, the post-Covid19 world order and regional geopolitics. The wide-rangi…
As Singapore begins easing its coronavirus lockdown measures, many migrant workers in the country are worried about keeping their jobs as the economy looks grim amid the pandemic.
Street vendors are on the wrong side of Beijing’s regulations again after the city authorities snubbed a call by Chinese Premier Li Keqiang to bring back roadside stalls. Li endorsed the “street vendor economy” during a visit to Shandong province in early June, saying that street stalls and small shops were “importa…
Hong Kong’s financial secretary Paul Chan said on June 9, 2020 that the government’s HK$30 billion bailout of Cathay Pacific is necessary to protect the city’s economic interest. The government has said it will not get involved in Cathay Pacific’s daily operations or management after it offered a bailout package wor…
After learning that New Zealand had declared the nation free from the coronavirus on June 8, 2020, Prime Minister Jacinda Ardern said she danced for joy. She asked New Zealanders to support local businesses to help revitalise the economy.
China’s annual parliamentary session wrapped up on May 28, 2020 in Beijing. Chinese Premier Li Keqiang held a press conference to mark the end of the session. He touched on various issues facing the country including the passage of a national security bill for Hong Kong, heightening tensions between the US and China…
After lifting states of emergency in the last five regions of Japan, the world’s third-largest economy is now focused on trying to stop the coronavirus pandemic from pushing the nation deeper into recession. As part of those efforts, Japanese Prime Minister Shinzo Abe’s cabinet approved a new US$1.1 trillion stimulu…
US National Security Adviser Robert O'Brien said on May 24, 2020, that the basic rights of Hong Kong people and the city’s status as Asian financial centre would be threatened if China insists on ramming through a proposed national security law that is now before the National People’s Congress.
Chu Lui and Wong Kit-leung were suddenly left homeless for the first time in their lives after the Hong Kong government imposed 14-day quarantines on all travellers from the mainland. The measures to fight Covid-19 were imposed February 8, 2020, and include Hongkongers like Chu and Wong, who lost their jobs as the p…
China will not set an economic growth target for 2020, Chinese Premier Li Keqiang said at the National People’s Congress in Beijing on May 22, 2020. He also revealed that the country has increased its military budget to 1.27 trillion yuan (US$177 billion) for 2020, a 6.6 per cent rise from last year. But the rate of…
As China’s two main political bodies meet this week, international observers will be looking for clues about the country’s changing role in the global economy.
Many businesses in China still face grim economic prospects despite the lifting of lockdowns and restrictions to fight the Covid-19 pandemic. Although some industries have shown signs of recovery, demand remains weak at venues including luxury shopping centres and wholesale clothing markets, as well as among bars an…
Hong Kong’s fresh university graduates who hoped to begin new careers in the coming months are coming to terms with the likelihood of years of hardship because of the economic damage caused by the Covid-19 pandemic.
