Economy

Economy News

Down but not out: China’s Alibaba looks towards challenging 2022

Chinese tech giant’s deep pockets and ability to adapt are seen as key to weathering the tough year ahead. Alibaba has not had the best 14 months. Ever since China’s.

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Valued at $203 billion, India readies LIC IPO, its biggest ever

The upcoming listing of the country’s insurer, the state-owned crown jewel, is being looked at as India’s Aramco moment. By Suvashree Ghosh and Vrishti Beniwal and Baiju Kalesh / Bloomberg In Mumbai’s sleek.

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Crypto investing is alive and well in Turkey, thanks to lira woes

Despite a government crackdown and high-profile exchange collapses last year, Turks are flocking to crypto as a hedge against lira distress. By Umar Farooq Istanbul, Turkey – Just off of Istiklal.

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The poor die from COVID while the rich get richer, Oxfam warns

The coronavirus vaccine divide is costing lives and supercharging inequalities worldwide, a new report warns. By Al Jazeera Staff The wealth of the 10 richest men has doubled during the coronavirus.

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Global employment won’t recover before 2023: UN labour body

The International Labour Organization projects 207 million unemployed in 2022. Global employment will not recover to pre-pandemic levels until at least 2023, with a projected shortfall in hours worked this.

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China’s economy beats expectations with 4 percent growth in Q4

Chinese economy expands 8.1 percent for the whole of 2021 amid weakest Q4 growth in more than a year. By Michele Koh Morollo China’s economy grew 4 percent in the final.

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As India waffles on terms for Tesla, several states woo Musk

At least four states tweeted to Elon Musk over the weekend to set up shop with them after he flagged gov’t problems. By Anurag Kotoky /Bloomberg Politicians from at least four.

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As firefighters, nurses go abroad, Zimbabweans go without

Essential services in Zimbabwe are being decimated by brain drain as workers leave for higher-paying jobs abroad. Harare, Zimbabwe – Samuel Chikengezha, a 35-year-old fireman, sits on a sofa in his.

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Banks say they are paying up for talent as hiring is competitive

(Reuters) -Banks are facing cutthroat competition to hire and are being forced to pay more to recruit and keep talent, with both Citigroup Inc (NYSE:C) and JPMorgan Chase & Co.

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China cleanup of non-compliant WMP securities ‘basically complete’, official says

BEIJING (Reuters) – China has made progress in cleaning up non-compliant wealth-management products (WMPs), a senior regulatory official said on Saturday, as he declared a transition period in a years-long.

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