Month: May 2022
China and Pacific islands unable to reach consensus on security pact
Chinese Foreign Minister Wang Yi gestures leaves after a joint press conference with Fijian Prime Minister Frank Bainimarama in Fiji’s capital city Suva on May 30, 2022. Leon Lord | AFP | Getty Images China’s Foreign Minister Wang Yi on Monday urged the Pacific region not to be “too anxious” about his country’s aims after […]
Read More
EU set to discuss Russian oil embargo; Moscow says Ukraine’s Donbas is an ‘unconditional priority.’ Follow our live updates
After a failed attempt, EU to continue negotiating potential sanctions on Russian oil The EU will continue to work Monday toward an agreement to embargo Russian oil, after attempts to do so on Sunday failed. The talks are largely held up by Hungary, a major user of Russian oil and whose leader Viktor Orban is […]
Read More
South Korea is betting on the metaverse — and it could provide a blueprint for others
An attendant with the Meta Oculus Quest 2 headset on a virtual reality tour during the Mobile World Congress in Barcelona in March, 2022. South Korea is betting on the metaverse as the next big thing, but there are still questions over the shape the industry will take in the coming years. Joan Cros | […]
Read More
Top recruitment and tech execs give their tips for getting ahead at work
AndreyPopov | iStock | Getty Images Executives at leading recruitment and technology companies have shared with CNBC their top tips for getting ahead in the workplace. Workers continue to hold most of the cards in the labor market, with the “Great Resignation” still underway. Nevertheless, it’s still important to understand the best ways to maximize […]
Read More
Global recession? Not yet, economists say — but brace for high prices, low growth
A global recession is not imminent, but brace for rising costs and slower growth, economists say. “There will be no sudden ‘after’ of stagflation,” said Simon Baptist, global chief economist at the Economist Intelligence Unit, referring to a surprise recession after a period of stagflation. As the war in Ukraine and pandemic disruptions continue to wreak havoc on […]
Read More
There’s a ‘massive gap’ between housing demand and supply in Singapore, PropertyGuru CEO says
Supply constraints are driving up property prices and rents in Singapore, the chief executive officer of a real estate company said Friday. “You can see a massive gap opening up between demand and supply,” said Hari Krishnan of PropertyGuru. Singapore introduced measures to cool the property market in December 2021, but analysts told CNBC in […]
Read More
Nepal says missing plane with 22 on board crashed
A passenger plane with 22 people on board went missing in Nepal on May 29, the operating airline and officials said, as poor weather hampered a search operation. Yunish Gurung | Afp | Getty Images Nepal’s army said on Monday it had located the crash site of a plane that went missing with 22 people […]
Read More
Beijing, Shanghai start to reopen as Covid cases drop
After about two months of lockdown, Shanghai announced plans over the weekend to relax restrictions on business activity. Subway riders pictured here on May 28, 2022, ride on one of four lines in the city that have resumed operations. Vcg | Visual China Group | Getty Images BEIJING — Major Chinese cities Beijing and Shanghai […]
Read More
‘Buy this dip’: Wall Street banks name global stocks and sectors that could be near a bottom
With recent volatility in the stock markets, Citi has told clients to ” buy this dip ” while analysts from Bank of America and JPMorgan have named the global stocks and sectors that they believe are trading near a bottom. BofA named a European list of “High Quality stocks that derated the most this year” […]
Read More
Asia-Pacific stocks rise ahead of major economic data this week
SINGAPORE — Shares in Asia-Pacific rose in Monday morning trade as investors look ahead to major economic data releases later in the week. In Japan, the Nikkei 225 rose 1.21% in early trade as shares of robot maker Fanuc jumped more than 2%. The Topix index traded 1.01% higher. The Kospi in South Korea also […]
Read More