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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China’s Xi calls on nations to secure global supply chains

Leader of world’s No. 2 economy makes remarks amid preparations to secure unprecedented third term in power. Chinese President Xi Jinping called on nations to secure global supply chains and.

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China car sector falling short of ‘net zero’ goals: Greenpeace

Environmental group says China must cut emissions by at least 20 percent by 2035 to reach net zero by 2060. China’s enormous car sector is on track to bring its.

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Microsoft to buy Activision Blizzard in $69BN metaverse bet

Founded in 1979, Activision is home to some of the most popular game franchises in the world, including Call of Duty, World of Warcraft, Candy Crush and Guitar Hero. By Dina.

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Economy News

Brent oil jumps to highest level in 7 years

Fears fade about the demand impact from Omicron, while supplies are tightened by a range of outages. By Elizabeth Low and Grant Smith /Bloomberg Brent oil surged to the highest level.

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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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Economy News

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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