Economy

Economy News

U.S. consumer inflation soars to new 40-year high

By Lucia Mutikani WASHINGTON (Reuters) – U.S. consumer prices increased solidly in December as rental accommodation and used cars maintained their strong gains, culminating in the largest annual rise in.

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British fund manager abrdn seeks China wealth management partner – chairman

By Selena Li HONG KONG (Reuters) – British fund manager abrdn is seeking a partner in China for its foray into the wealth management business, its chairman said, potentially joining.

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Taiwan to launch $1 billion Lithuania credit fund amid Beijing pressure

VILNIUS (Reuters) – Taiwan will launch a $1 billion credit programme to help fund joint projects between Lithuanian and Taiwanese companies in six business categories, a Taiwan government minister said.

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Inflation watch: US consumer prices see sharpest surge since 1982

US consumer prices increased 7% in December compared with a year ago – the sharpest 12-month spike since 1982. By Al Jazeera Staff Consumers in the United States could be forgiven.

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Teenager says he remotely hacked into more than 25 Teslas

The 19-year old security researcher said the software flaw he exploited was not within Tesla’s software or infrastructure. By Katrina Nicholas /Bloomberg A 19-year-old security researcher claims to have hacked remotely.

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Aramco gains footing in Russia’s back yard with Polish oil deal

Aramco, the world’s largest oil firm, will buy 30 percent of a refinery on the Baltic coast, as well as a wholesale fuel unit. By Anthony Di Paola and Maciej Martewicz.

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Lucid Motors plans to build EV factory in Saudi, says chairman

Lucid Motors chairman told Bloomberg News that the EV maker is in talks with the kingdom to build a factory there by 2025 or 2026. By Yousef Gamal El-Din and Craig.

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The Great Resignation is spawning a talent war. Who will win it?

A new report argues that firms must change how they view workers to compete in the war for talent. The coronavirus pandemic has caused the biggest worker reshuffle in modern.

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Japan to extend most border restrictions until end of February

Tokyo in November banned new entry by non-Japanese, including students and family members, in responses to Omicron. Japan will maintain its tight entry restrictions it put in place to prevent.

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‘COVID Zero’ Hong Kong pushes supply chain to breaking point

Hong Kong’s Omicron outbreak is dealing a double whammy to businesses. Not only will new social distancing curbs crimp revenue for retailers and restaurants, a slashing of flights they rely.

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