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BUSINESS

Dealing with Omicron unease

Business, Post Reporters, Published on 06/12/2021

» The emergence of the Omicron variant may spoil the festive mood of December and slow economic activities next year if it is eventually identified as a serious threat to public health.

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BUSINESS

Markets hit by Moderna vaccine warning over Omicron

AFP, Published on 30/11/2021

» Equities and oil sank again Tuesday after the head of Moderna warned current coronavirus vaccines might be less effective at fending off the Omicron variant, fuelling fears that countries could be forced back into economically painful lockdowns.

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BUSINESS

Parlez-Vous Français? Air Canada Boss Says 'Non' and Gets an Earful

Business, Published on 24/11/2021

» On a cool, wet Saturday afternoon in the outskirts of Montreal, near the city's main airport, a crowd of about 100 gathered in front of Air Canada's headquarters demanding the resignation of the airline's chief executive.

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BUSINESS

US consumer confidence hits 10-year low amid rising inflation

AFP, Published on 13/11/2021

» WASHINGTON: Rising prices taking a bite out of American wallets caused consumer sentiment to drop to a 10-year low in November, a sign inflation is increasingly a political liability for President Joe Biden.

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BUSINESS

Myanmar jade traders squeezed between junta and rebels

Published on 05/11/2021

» Myanmar jade traders are running from junta troops and dodging rebel attacks to sell dwindling volumes of the green gemstone, as the billion-dollar industry loses its shine months on from the coup.

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BUSINESS

Reopening faces more hurdles

Business, Published on 27/09/2021

» Prime Minister Prayut Chan-o-cha's vow on June 16 to reopen Thailand by mid-October can be deemed a failure as only a few islands are welcoming vaccinated foreigners.

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BUSINESS

Evergrande drama keeps investors on sidelines

Business, Published on 25/09/2021

» Recap: US equity futures and European shares dropped and sovereign bond yields in Europe climbed as uncertainty around the fate of debt-plagued China Evergrande Group dented investor sentiment. Gold prices edged higher after a 1% drop in the previous session, spurred by a subdued dollar.

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BUSINESS

Crunch time for huge Chinese firm, but no 'Lehman moment'

AFP, Published on 21/09/2021

» HONG KONG: With the future of Evergrande hanging in the balance, global markets have plunged on fears that one of China's biggest developers could collapse and cause a contagion throughout the world's number two economy and beyond.

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BUSINESS

Rising Shipping Costs Are Companies' Latest Inflation Riddle

Business, Published on 18/09/2021

» Transportation costs--typically a fraction of a finished product's price--are emerging as another supply-chain hurdle, overwhelming some companies already paying more for raw materials and labor.

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BUSINESS

Economies on the brink push SE Asia to reopen

Bloomberg News, Published on 14/09/2021

» Even as they struggle with one of the world’s worst Covid-19 outbreaks, nations across Southeast Asia are slowly realising that they can no longer afford the economy-crippling restrictions needed to squash it.