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US and Taiwan announce formal bilateral trade talks
The US has announced that they will begin formal trade negotiations with Taiwan, weeks after a controversial visit by US House Speaker Nancy Pelosi.
The first round of talks are expected to begin in "early fall", said the…
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UK inflation exceeds 10% as bread and milk prices soar
Inflation in the United Kingdom hit a new 40-year high last month, rising above 10% for the first time since 1982 and piling further pain on households already struggling to pay their bills.
Annual consumer price inflation hit 10.1%…
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Toyota, CATL Shut Plants in Sichuan as Power Crisis Worsens
The world’s biggest battery maker Contemporary Amperex Technology Co and Toyota Motor Corp on 17 August announced factory closures as the impact of a drought-induced power crisis in China’s Sichuan province spreads,
Toyota Motor Corp…
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Apple gears up for return to normal with office push
Company will require employees to work from the office at least three days a week as it gears up for September launches.
Apple Inc. set a Sept. 5 deadline for corporate employees to be in the office at least three days a week, marking…
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How Sri Lanka’s economic collapse raises alarm bells for other emerging markets
During the 2010s, Sri Lanka had one of the fastest-growing economies in Asia.
Things took a 180-degree turn at the end of the decade as the country’s economy stumbled. In May 2022, the government defaulted on its debt for the first time…
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Domino’s tried to sell pizza to Italians but failed
Seven years after its debut in the country, the American pizza giant has formally shut its stores after it failed to win over locals who preferred homegrown options, according to a report.
EPizza SpA, the franchise operator of the Domino's…
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Disney edges past Netflix in streaming battle
It had staked its future on building a streaming service to rival Netflix as audiences moved to online viewing from traditional TV.
Walt Disney Co edged past Netflix Inc with a total of 221 million streaming customers and announced it…
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Thailand to begin pilot testing real-world applications of its CBDC by end of 2022
The Bank of Thailand (BOT) has announced that it is extending the scope of its central bank digital currency (CBDC) development efforts. The bank says this next phase will be a pilot phase focused on testing “real-life applications of…
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India seeks to oust China firms from sub-$208 phone market
India seeks to restrict Chinese smartphone makers from selling devices cheaper than 12,000 rupees (S$208) to kickstart its faltering domestic industry, dealing a blow to brands including Xiaomi Corp.
The move is aimed at pushing Chinese…
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Tesla made misleading claims about Autopilot and Self Driving, California DMV claims
Tesla's autopilot and self-driving claims are under fire again, this time from the California Department of Motor Vehicles in a complaint it filed on July 28.
The complaint alleges that the company made "untrue or misleading"…
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