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Economy asian news
Here’s the inflation breakdown for February 2024 — in one chart
Consumers continued to contend with higher inflation in February, according to new government data.
Malaysia to slash migrant workforce amid intolerance, job scam crisis involving Bangladeshi labourers
Malaysia will slash the number of low-skilled migrant labour it allows in the coming years, the economy ministry has said, as intolerance grows towards its burgeoning overseas workers amid a job scam crisis across the country’s Bangladeshi labour market.
Did Starbucks' job in China just get tougher? Here's our take on new campaign tariff talk
Former President Donald Trump's promise of tougher China tariffs if elected again could make doing business in the world's second-largest economy more difficult for American companies like Starbucks which are already facing tough competition from lower-cost domestic competitors.
Japan eyes new embassy post to promote cross-border business ties
TOKYO -- Japan is looking to create a post at its embassies dedicated to promoting international business ties, Foreign Minister Yoko Kamikawa said Monday, as the U.S.-China rivalry, war in Ukraine and other geopolitical shifts open up new doors for companies.
Biden unveils $7.3tn budget as campaign pitch for spending, tax goals
WASHINGTON (Reuters) -- U.S. President Joe Biden sketched his policy vision for a potential second four-year term on Monday, unveiling a $7.3 trillion election-year budget aimed at convincing skeptical Americans that he can run the economy better than Donald Trump.
Japan averts technical recession as revised fourth-quarter data shows economy grew 0.4%
Japan averted a technical recession as revised official data on Monday showed the economy returned to growth in the October-December period last year, bolstered by strong capital expenditure.
China’s congress ends with a show of unity behind Xi’s vision for national greatness
BEIJING (AP) — China’s national legislature wrapped up its annual session Monday with the usual show of near-unanimous support for plans designed to carry out ruling Communist Party leader Xi Jinping’s vision for the nation.