Economy

Economy News

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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Economy News

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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Economy News

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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Economy News

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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Economy News

Asian shares slip on Fed officials’ hawkish policy stance

By Daniel Leussink TOKYO (Reuters) – Asian shares took a beating on Friday after a fresh salvo of hawkish remarks from Federal Reserve officials solidified expectations that U.S. interest rates.

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Economy News

‘Not enough water’: Cambodia’s farmers face changing climate

Communities around Southeast Asia’s biggest lake are feeling the effects of droughts and rising demand for land. By Danielle Keeton-Olsen Tonle Sap, Cambodia – During Cambodia’s monsoon season, rice farmer Sam.

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Cryptocurrency Economy News

North Korean hackers stole $400m in crypto last year: report

Analysis firm says North Korean-linked hacks jumped from four in 2020 to seven in 2021. North Korea launched at least seven attacks on cryptocurrency platforms that extracted nearly $400m worth.

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Economy News

China’s crude oil imports drop for first time since 2001

Decline comes as Beijing clamps down on the refining sector to curb excess domestic fuel production. China’s annual crude oil imports slid 5.4 percent in 2021, dropping for the first.

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Economy News

US Dec retail sales plunge as Omicron, shortages curb spending

Retail sales fell sharply in December as Omicron, inflation and shortages took a bite out of consumer spending. By Al Jazeera Staff A triple whammy of Omicron, shortages and inflation delivered.

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Economy News

Pandemic to endemic? Moderna chair says it could happen this year

Moderna co-founder tells Bloomberg News that 2022 may be the year the pandemic enters the endemic phase. By James Paton / Bloomberg The pandemic could start moving into an endemic phase.

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