Chinese telecommunications giant Huawei released figures Friday that showed its first quarterly increase in revenue since 2020.Story Published at: August 12, 2022 at 09:00AM
Huawei’s second quarter revenue rises slightly from a year ago
U.K. economy contracts in the second quarter as cost-of-living crisis bites
The U.K. economy contracted in the second quarter of 2022, although by less than economists expected. Story Published at: August 12, 2022 at 07:14AM
Japan’s Nikkei 225 rises around 2% on return to trade; Asia shares mixed
Shares in the Asia-Pacific were mixed on Friday following strong gains in the previous session as investors digested the U.S. inflation report.Story Published at: August 12, 2022 at 05:40AM
This Chinese province set a 9% GDP target — but then it locked down
A surge in Covid infections this month stranded tens of thousands of tourists at Hainan’s oceanside resort city of Sanya.Story Published at: August 12, 2022 at 06:30AM
Property investors are holding back as the global economy sours, says Singapore’s CapitaLand Investment
Real estate investors are now being “careful and prudent” about deploying more capital in the face of growing economic uncertainty, said CapitaLand Investment. Story Published at: August 12, 2022 at 06:21AM
BlackRock launches a private trust to give clients exposure to spot bitcoin
The largest asset manager in the world has launched a private trust offering institutional clients in the U.S. direct exposure to bitcoin.Story Published at: August 11, 2022 at 11:43PM
Self-made millionaire: ‘Don’t buy a home—unless you can afford to waste money’
Should you buy a home right now? Real estate expert Grant Cardone says yes—but only “if you can afford to waste money.” Owning a home isn’t always a great investment, especially during times of rising inflation and high home prices. Here’s why the self-made millionaire believes most people are better off renting.Story Published at: August 11, 2022 at 06:22PM
McDonald’s says it’s planning to reopen some restaurants in Ukraine
The fast-food giant said it will begin a phased re-opening of restaurants, beginning in Kyiv and western Ukraine. Story Published at: August 11, 2022 at 03:09PM
CDC eases Covid guidance as U.S. has more tools to fight the virus and keep people out of the hospital
The public health agency said the virus now poses a significantly lower risk due to high levels of immunity from vaccines and infections.Story Published at: August 11, 2022 at 09:33PM
How do people in Asia-Pacific feel about travel right now? It depends on where they live
Just because people can travel doesn’t mean they will, especially in Asia-Pacific, where people have taken a more cautious approach toward the pandemic. Story Published at: August 11, 2022 at 11:13PM