China gears up for winter tourism boom

Growing number of tourists are surging China to experience its breathtaking snowy landscapes.

Currency markets on edge amid political turmoil, eye US jobs report

Major currencies remained jittery on Friday as markets considered the impact of a politically turbulent week that saw the collapse of France's government and the brief imposition of martial law in South Korea.

Volkswagen sells Xinjiang plant to focus on strategic growth in China’s evolving automotive market

Volkswagen, a key player in the global automotive industry, has finalized the sale of its manufacturing plant and testing facilities in Xinjiang, China, marking a significant shift in its operational strategy.

Global arms sales surge amid rising conflicts and geopolitical tensions

Global arms sales surged 4.2% in 2023, reaching $632 billion, driven by conflicts, rearmament, and geopolitical tensions, a SIPRI report reveals.

South Korea export growth slows to 14-month low as US demand weakens

Chad ceases military cooperation with France

Chad's foreign ministry has announced plans to assert its sovereignty and redefine strategic partnerships, following France's troop withdrawals from Mali, Niger, and Burkina Faso. Chad hosts 1,000 French troops and various military assets for security cooperation.

Thailand's economy improves in October with growth in exports, tourism, and private consumption

Thailand's economy improved in October, with exports rising 14.2% and a trade surplus of $1.4 billion. Private consumption and tourism also contributed to growth, though challenges remain for some sectors, according to the Bank of Thailand.

Exclusive: In careful protest, China Evergrande's investors press for action

Hundreds of Chinese investors who lost their savings in the collapse of Evergrande have launched coordinated efforts to demand updates on investigations into the failed property developer. Amid China's slowing economy, their cautious actions reflect growing frustrations over financial losses and the

IMF Approves Third Review of Sri Lanka's $2.9bn Bailout

The IMF has approved the third review of Sri Lanka's $2.9 billion bailout, releasing $333 million in funding. While signs of economic recovery emerge, the country still faces critical debt restructuring challenges to move forward with the programme.

Jordan's tourism industry struggling as Gaza war deters visitors

A crisis across the region's tourism industry since the start of the Israel-Hamas war is being felt acutely in Jordan. Flight bookings to the country were down 35% year-on-year between September and October according to experts.

Falling oil prices drag UAE markets down

Stock markets in the UAE closed lower on Friday, impacted by falling oil prices. The drop comes as concerns over the effects of Hurricane Rafael of US oil production ease. Abu Dhabi's index dropped 0.2%, while Dubai’s main index fell 0.1%.

Singapore's banks project better loan growth in 2025 as rates drop

OCBC and UOB, Singapore’s second and third largest banks, project stronger loan growth in 2025 after exceeding third-quarter profit expectations. This outlook follows recent U.S. rate cuts, though geopolitical uncertainties could still impact markets, said OCBC’s CEO Helen Wong.

Musk's ties to Trump will reverberate through Tesla, other interests

Elon Musk stands to gain from his ties to President-elect Trump, with Tesla shares surging post-election. Trump's policies, including deregulation and tariffs on Chinese imports, could benefit Musk’s businesses, including Tesla and SpaceX.

Ryanair Trims Passenger Target Due to Boeing Delays

Ryanair has trimmed its passenger growth target for the year ending March 2026 from 215 million to 210 million due to Boeing delivery delays. Despite a reported after-tax profit of 1.79 billion euros, average fares dropped by 10% this year.

China Proposes Alternatives to EU Electric Vehicle Tariffs

As the EU considers new tariffs on Chinese electric vehicles, China is open to alternatives and welcomes the EU's delegation for discussions amid rising opposition among member states.

CEO: VW cost cutting necessary after 'decades of structural problems'

Volkswagen's opens new tab planned cost-cutting programme was unavoidable in order to remedy "decades of structural problems" at the German carmaker, CEO told

Exxon's $8.6 billion profit beats as volume offsets price weakness

IMF, World Bank meetings clouded by wars, slow economic growth, US election

Global finance leaders meet in Washington this week to address global growth, debt, and green energy amid uncertainties from conflicts, a slowing Chinese economy, and the potential impact of the U.S. election on trade and climate policies.

Nobel Prize in Economics awarded to trio for explaining global inequality

Daren Acemoglu, Simon Johnson, and James A. Robinson won The 2024 Nobel Prize in Economics for their inspiring research on “ How institutions are formed and affect prosperity”