Newsfeed – Business News
China takes to ‘Polar Silk Road’, bypassing Red Sea to halve shipping times as global trade faces disruptions
BEIJING, Aug 16 — A Chinese container vessel has set sail for Europe through the Arctic, part of a new weekly service on a route that cuts shipment times in […]
Opel job cuts leave German car town fearing China’s growing auto power
RUESSELSHEIM (Germany), Aug 16 — As Germany’s Opel slashes its engineering ranks and partners with China’s Leapmotor, anxiety is running high in Ruesselsheim, the city it has long dominated. Struggling […]
Hainan’s free trade push opens new money-making opportunities for Malaysia, Asean
KUALA LUMPUR, Aug 16 — Hainan is emerging as a key gateway between China and the global economy as it accelerates the development of its Free Trade Port (FTP), with […]
Markets shrug off climate risks as Europe’s heatwaves pile up economic costs
PARIS, Aug 16 — The heatwaves pummelling Europe this summer will have costly impacts on industries ranging from agriculture to tourism—but that hasn’t stopped stock markets from hitting all-time highs. For […]
Stripe and Advent in talks to buy PayPal in ‘coming weeks’
SAN FRANCISCO, Aug 15 — After rejecting a previous offer, payments giant PayPal is considering a new deal to sell itself to a group of investors that includes private financial […]
Ringgit firms as stronger-than-expected 2Q GDP supports local currency
KUALA LUMPUR, Aug 14 — The ringgit firmed against the US dollar on Friday as Malaysia’s stronger-than-expected Gross Domestic Product growth for the second quarter of the year […]
Bursa Malaysia ends lower despite stronger-than-expected 6pc GDP growth
KUALA LUMPUR, Aug 14 — Bursa Malaysia closed lower on Friday, even as utilities, healthcare, and financial services sectors saw increased buying interest following the release of Malaysia’s second-quarter (2Q) […]