Hong Kong leads losses in Asia after hot U.S. inflation report; first estimates from Japan's wage negotiations expected
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CNBC Daily Open: Another hot inflation gauge fuels worry
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Alibaba to take on Coupang with $1.1bn investment in South Korea
SEOUL -- China's Alibaba Group Holding will invest $1.1 billion over the next three years to create a logistics network in South Korea, aiming to take on local e-commerce giant Coupang by leveraging low prices and speedy deliveries.
Swire's Coca-Cola business in China remains 'challenging'
HONG KONG -- Swire Pacific, a major Coca-Cola bottler in mainland China, faces an uphill battle in the country as a slowing economy makes consumers increasingly cost-conscious, even for the iconic American soft drink.
China seafood targeted by U.S. lawmakers over North Korean labor
NEW YORK -- U.S. lawmakers are concerned that China's seafood industry is employing North Korean labor and the sales could fund Pyongyang's nuclear program.
Australia resumes funding for UNRWA and pledges more Gaza aid
SYDNEY (AP) — Australia will restore funding to the United Nations relief agency for Palestinians, weeks after the agency lost hundreds of millions of dollars in support following Israeli allegations that some of its Gaza-based staff participated in the Oct. 7 attack.
How far does Gulf money go? An Abu Dhabi-backed newspaper buyout attempt is sparking panic in London
DUBAI, United Arab Emirates — Mansions, university facilities, think tanks, sports teams — the U.K. is no stranger to Gulf money and multibillion-dollar investments streaming from Qatar, the United Arab Emirates and Saudi Arabia into British institutions.
This week provided a reminder that inflation isn't going away anytime soon
From consumer and wholesale prices to longer-term public expectations, reports this week served up multiple reminders this week that inflation isn't going away anytime soon.