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Economy asian news

China's industrial profits post faster gains in June despite faltering economy - cnbc.com - China

China's industrial profits post faster gains in June despite faltering economy

China's industrial profits grew at a faster clip in June, official data showed on Saturday, even as businesses were grappling with a downshift in consumers' sentiment amid a shaky economic recovery.

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Christian Dior - Louis Vuitton - The world’s biggest luxury brands are hurting as Chinese shoppers rein in spending - edition.cnn.com - Japan - China - Hong Kong - city Paris

The world’s biggest luxury brands are hurting as Chinese shoppers rein in spending

London CNN —

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Steve Sedgwick - Karen Gilchrist - UK Finance Minister Rachel Reeves pledges most 'pro-growth, pro-business' government the country has seen - cnbc.com - Britain - city Rio De Janeiro

UK Finance Minister Rachel Reeves pledges most 'pro-growth, pro-business' government the country has seen

LONDON — U.K. Finance Minister Rachel Reeves said Friday that the new Labour government would be the most pro-growth and pro-business the country has seen.

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‘All We Think of Is Him’: Putting Names and Faces to Bangladesh Carnage - nytimes.com - Bangladesh - city Dhaka

‘All We Think of Is Him’: Putting Names and Faces to Bangladesh Carnage

A part-time tutor, shot in the neck and killed. A journalist and young father, felled by a bullet to the head. A shopkeeper’s son, also fatally shot in the head.

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KOHEI FUJIMURA - Nikkei staff writer - Chinese premium baijiu liquor faces fall in resale demand - asia.nikkei.com - China - city Dalian, China

Chinese premium baijiu liquor faces fall in resale demand

DALIAN, China -- Kweichow Moutai, a Guizhou-based distiller of baijiu Chinese-style liquor is wrestling with falling demand for resale of its high-end product.

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Anthony Rowley - How emerging nations are already dethroning the West - scmp.com - China - Britain

How emerging nations are already dethroning the West

Even other members within Brics have been reluctant to embrace belt and road projects, arguably for fear of alienating key Western powers which with they have close relationships.

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Ranil Wickremesinghe - Sri Lanka presidential election set for September 21 amid ailing economy - aljazeera.com - India - Sri Lanka

Sri Lanka presidential election set for September 21 amid ailing economy

President Wickremesinghe is first candidate to register at the Election Commission as he seeks mandate from voters.

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Jeff Cox - U.S. economy grew at a 2.8% pace in the second quarter, much more than expected - cnbc.com - Usa - county Bureau

U.S. economy grew at a 2.8% pace in the second quarter, much more than expected

Economic activity in the U.S. was considerably stronger than expected during the second quarter, boosted by a strong consumer, government spending and a sizeable inventory build, according to an initial estimate Thursday from the Commerce Department.

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