Chinese property developer Evergrande posts $81 billion loss over the past two years
China Evergrande Group posted a combined loss of $81 billion in its long overdue earnings report late on Monday.
China vows to ‘restore and expand’ consumption to boost growth
The announcements follow economic data on Monday that showed China’s second quarter growth underwhelmed market expectations.
China’s risk of deflation is ‘serious’ — one economist says it’s ‘time to act’
Some economists are flagging the prospect of deflation in Chin after the steepest decline in prices in June, along with underwhelming second quarter growth.
India’s Adani confident of governance and disclosure standards, chairman says
India’s Adani Group is confident of its governance and disclosure standards after a top court panel found no lapses at the conglomerate, its chairman said.
Kerry upholds U.S.-China ‘stability’ in symbolic Beijing visit
U.S. special envoy for climate John Kerry emphasized efforts to stabilize U.S.-China relations during his opening remarks at a meeting with Chinese Premier Li Qiang.
France and Britain are battling it out for Europe’s A.I. crown
Two countries are jockeying for position as Europe’s capital for artificial intelligence.
Most outsourced coders in India will be gone in 2 years due to A.I., Stability AI boss predicts
Most outsourced programmers in India will see their jobs wiped out in the next year or two, Stability AI CEO Emad Mostaque said.
CNBC Pro Talks: Fund manager reveals his top tech picks, says ‘big is beautiful’ in the sector right now
Portfolio manager Richard Clode’s top holdings include chipmakers Nvidia and TSMC, and a slew of Big Tech stocks.
Australia central bank hit pause as policy clearly restrictive, risking growth
The stance of monetary policy was already restrictive and is set to tighten further given the significant resets of low-fixed rate loans ahead.
Singapore is facing a wave of political scandals. Here’s what we know so far
Singapore’s ruling People’s Action Party has been hit by two resignations, a corruption investigation and public outcry over ministerial conduct.
