Chinese President Xi Jinping on Sunday set the tone for the next five years, emphasizing “higher-quality” growth and the need for national self-sufficiency.Story Published at: October 17, 2022 at 08:46AM
China’s new growth goals require a change for attracting foreign investors, official says
Goldman CEO David Solomon’s latest remix breaks up the bank’s struggling consumer finance business
Goldman Sachs CEO David Solomon is planning his third major corporate reorganization since assuming control of the bank in late 2018.Story Published at: October 17, 2022 at 05:52PM
Sunflowers, war and drought: Why the price of margarine and butter spiked 32%
A complex global trade dynamic has fueled tighter supplies of vegetable oils and milk, leading to higher prices for butter and margarine at home. Story Published at: October 17, 2022 at 04:53PM
UK’s new finance minister scraps almost all planned tax cuts in bid to appease markets
Jeremy Hunt made the announcement two weeks earlier than planned as the Bank of England ended its emergency bond-buying scheme.Story Published at: October 17, 2022 at 11:17AM
Putin’s war on energy is testing solidarity between EU nations
European solidarity is being tested as war in Ukraine continues to cause energy turmoil for countries across the bloc; Gentiloni has called for a “united approach.”Story Published at: October 17, 2022 at 10:14AM
British pound rises as new UK finance minister brings forward policy announcements to today
Sterling rose against the dollar on Monday morning after new U.K. Finance Minister Jeremy Hunt announced he would deliver parts of his medium-term fiscal plan later in the session.Story Published at: October 17, 2022 at 07:04AM
South Korea’s top instant messenger plunges after outage prompts calls for monopoly probe
KakaoTalk is also relied on for everything ranging from online payments, gaming and ride hailing as well as log-in verification for other major websites.Story Published at: October 17, 2022 at 03:58AM
CEO of Singapore’s multi-million dollar homecare start-up shares top tips for success
Homage is a startup that matches patients who need long-term home care with qualified caregivers, and is now valued at more than $100 million. Story Published at: October 17, 2022 at 01:59AM
After two years of shipping snarls, things are starting to turn around
Port congestions and container shortages are easing as Chinese exports slow in the face of waning demand from Western economies, logistics data shows.Story Published at: October 17, 2022 at 12:33AM
Meta documents show main metaverse is losing users and falling short of goals, report says
Facebook owner Meta’s Horizon Worlds is failing to meet internal performance expectations, a report says.Story Published at: October 15, 2022 at 05:35PM
