U.S. firms say confidence in China has hit an all-time low
American companies in China are experiencing historically low optimism and poor profits amid geopolitical tensions and a slowing Chinese economy, surveys show.
Samsung shares fall as workers’ strike at India plant continues after talks fall through
The strike in Samsung India follows recent wage protests in South Korea where 36,500 members from its biggest workers’ union went on strike in July and August.
Pro-Russian hackers reportedly crashed Taiwan Stock Exchange website on Thursday, local media reports
This was reportedly part of a DDoS attack on the Taiwanese government in retaliation for comments made by Taiwanese President William Lai.
Most Gen Z Brits want to ‘be their own boss’ — but one expert says they’ll face a reality check
The vast majority of Gen Z want to “be their own boss,” and have no intentions of working a 9-to-5 job, a new Santander survey finds.
UK leads resurgence in European office investment
The U.K. is leading a recovery in Europe’s long subdued office real estate market, with overall investment in the sector expected to pick up further in the second half of the year.
Saudi Arabia expects to get access to Nvidia’s high performance chips ‘within the next year’
The U.S. has imposed restrictions on exports of the chips out of concerns they could be accessed by China, which is Saudi Arabia’s top trading partner.
Strong case for 50 basis point Fed rate cut, says former NY Fed chief Dudley
Former New York Federal Reserve President Bill Dudley said there was a strong case for a 50 basis point interest rate cut in the United States.
Alibaba’s Taobao shopping app launches AI-powered English version in Singapore, jumps to first place in Apple’s App Store
Alibaba’s Taobao app topped Singapore’s Apple Store charts after launching an AI-powered English version on Tuesday, boosting accessibility for users.
Ex-defense minister Ishiba tops corporate Japan’s premier wish list, Reuters poll shows
Former defense minister Shigeru Ishiba is corporate Japan’s top choice to replace Prime Minister Fumio Kishida, a Reuters survey showed on Thursday.
India probe finds Amazon, Walmart’s Flipkart breached antitrust laws
An Indian antitrust probe found Amazon and Flipkart violated competition laws by favoring select sellers, according to reports seen by Reuters.
