Euro zone price rises cool significantly in March, but core inflation hits record high
Inflation in the euro zone dropped significantly in March as energy prices continued to fall.
‘Nationalizing bond markets’ left central banks unprepared for inflation, top HSBC economist says
The prolonged period of loose monetary policy after the global financial crisis equated to central banks “nationalizing bond markets,” according to HSBC Senior Economic Adviser Stephen King.
Huawei reports biggest profit decline ever as U.S. sanctions, pandemic controls hit Chinese giant
Huawei has sought to diversify into new areas including cloud computing and automotive after a rough few years in which U.S. sanctions have hit the company.
Britain to join Indo-Pacific trade bloc in biggest trade deal since Brexit
The U.K. said this was the country’s largest post-Brexit trade deal and makes it the first European nation to join the CPTPP.
Singapore warns of travel delays after technical issue at immigration checkpoints
Changi handles nearly 150,000 passengers a day while about 300,000 people cross daily at the Woodlands and Tuas causeways linking Singapore with Malaysia.
Tesla’s Musk planning to visit China, seeking meeting with premier, sources say
A visit by Musk would mark the first time he has visited China since the Covid-19 pandemic and since Xi Jinping secured a third term as China’s president.
World Bank raises growth forecast for East Asia, says banking sector is sound despite global stress
The World Bank expects East Asian and Pacific economies to grow more than it previously estimated, thanks to a sharp rebound in activities in China.
China’s steel demand is set to slow. That could dent iron ore prices by nearly 30%
Iron ore prices could decline by nearly 30% by the end of 2023 on the back of a dip in Chinese steel demand and output, experts forecast.
Comparing salaries — and uncovering gender pay gaps — could be easier under these new EU rules
Salary transparency could soon improve in Europe and help shrink the gender pay gap as the EU suggests new rules to help workers access key salary details.
Japan to restrict chipmaking equipment exports as it aligns with U.S.
It did not specify China as the target of those measures, saying equipment makers will need to seek export permission for all regions.
