Asian Development Bank trims growth forecast for region, dampened by Chinese property sector weakness
The Asian Development Bank trimmed its 2023 growth forecast for the region to 4.7% on the back of China’s embattled property sector.
Europe is ‘very far’ from imposing new duties on Chinese EVs despite ongoing probe, top official says
The European Commission surprised many last week by announcing a probe into Chinese EV susidies.
UK inflation dips to 6.7%, below expectations as food prices ease
U.K. inflation came in at 6.7% in August, below expectations and down slightly from the previous month.
China exports zero germanium and gallium in August as national security curbs bite
Export curbs on these two chipmaking metals are part of China’s escalating war with the U.S. and its allies over access to strategic technology.
Asia markets fall as China keeps benchmark loan rates unchanged; Fed decision on horizon
China left its one year and five year loan prime rates unchanged, while investors also saw trade data from Japan and inflation data from South Korea
4 in 5 employees in Asia have moderate to high mental health risk, study shows
South Korea, Malaysia and Japan had the highest percentage of workers with a high risk of experiencing mental health issues, said a Aon and TELUS Health report.
Japanese companies warm up to employee stock incentives
ANA will offer 100 shares worth about $20 each to about 70% of nearly 45,000 employees in November, following major Japanese firms such as Omron and Sony Group.
Canadian union Unifor reaches tentative agreement with Ford
Unifor, which represents about 5,600 Canadian auto workers, were threatening to go on strike if a deal was not reached by 11:59 p.m. on Tuesday.
Ford avoids Canadian auto strike with Unifor union deal
Ford and Unifor announced the agreement, which must still be ratified by members, hours before an extended 11:59 p.m. Tuesday deadline.
‘Everything Everywhere’ Oscar winner Ke Huy Quan on Asia’s ‘huge influence’ on how Hollywood stories are told
Asia has a “huge influence” on how Hollywood stories are being told, and that’s due to how much the Chinese market has grown, said Oscar winner Ke Huy Quan.
