Economy

Economy News

‘Won’t take it any more’: South Korea’s Starbucks baristas rebel

‘Won’t take it any more’: South Korea’s Starbucks baristas rebel By Steven Borowiec Seoul, South Korea – On weekday afternoons, the Starbucks in southern Seoul’s Yangjae neighbourhood swells with groups of office.

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Economy News

China’s market regulator fines Alibaba, Tencent for failing to report deals

SHANGHAI (Reuters) -China’s top market regulator said on Wednesday it has fined units of Alibaba (NYSE:BABA) Group Holding Ltd, Tencent Holdings (OTC:TCEHY) Ltd, and Bilibili Inc (O:BILI) for failing to.

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Economy News

Factbox-Trump’s Fed eased bank rules. Now what can Democrats roll back?

By Pete Schroeder WASHINGTON (Reuters) – Under Republican leadership appointed by former President Donald Trump, the U.S. Federal Reserve eased a raft of bank rules and requirements introduced following the.

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Economy News

City of London says COVID is masking Brexit hit to finance

By Huw Jones LONDON (Reuters) -Getting ahead in global finance after Brexit needs sustained British government impetus, the City of London’s policy chief said on Wednesday, adding that COVID-19 may.

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Economy News

Ford posts 7% fall in 2021 U.S. auto sales

(Reuters) -Ford Motor Co reported a 6.8% fall in 2021 U.S. vehicle sales on Wednesday, as the automaker struggled to deliver its cars and trucks due to lingering supply-chain bottlenecks.

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Economy News

India asks Xiaomi to pay $88 million in import taxes it found it evaded

NEW DELHI (Reuters) – India on Wednesday said it had asked the local unit of Chinese smartphone giant Xiaomi (OTC:XIACF) to pay 6.53 billion rupees ($87.80 million) in import taxes.

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Economy News

Tencent raises $3 billion by trimming stake in Singapore’s Sea

By Anshuman Daga, Kane Wu and Scott Murdoch SINGAPORE (Reuters) – Chinese gaming and social media company Tencent Holdings (OTC:TCEHY) Ltd has sold 14.5 million shares in Singapore-based gaming and.

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Economy News

Senators meeting with Manchin on voting rights bills -Schumer

WASHINGTON (Reuters) -Senate Democrats are continuing to press the holdouts in their party to embrace voting rights bills, and a group planned to meet with one of them, Senator Joe.

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Economy News

Fed’s Kashkari, citing inflation risks, sees 2 rate hikes this year

(Reuters) -Minneapolis Federal Reserve Bank President Neel Kashkari on Tuesday said he expects the U.S. central bank to need to raise interest rates two times this year, reversing his long-held.

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Economy News

Turkish inflation seen above 30% in December amid lira weakness

ISTANBUL (Reuters) -Turkey’s annual inflation rate is expected to have hit 30.6% in December, according to a Reuters poll, breaching the 30% level for the first time since 2003 as.

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