Asia Economy
India’s largest-ever IPO will test foreign investor appetite
The LIC logo looms above a couple of passersby in Mumbai in India last week. The IPO of the biggest payer in life insurance in the country is expected to fetch $2.7 billion in the country’s biggest IPO so far. Punit Paranjpe | Afp | Getty Images The dominant player in India’s life insurance market, […]
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Shanghai authorities stepped up to help Tesla reopen factory, letter shows
A truck leaves the Tesla Shanghai Gigafactory on April 25, 2021 in Shanghai, China. Visual China Group | Getty Images Shanghai authorities helped Tesla transport more than 6,000 workers and carry out necessary disinfection work to reopen its factory last month amid the city’s lockdown, according to a letter that Tesla sent to local officials […]
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Beijing city closes gyms and bans dining in as Covid controls tighten
As part of the latest Covid controls, China’s capital city of Beijing banned in-store dining as a five-day holiday kicked off, prompting restaurants to sell food outside. Kevin Frayer | Getty Images News | Getty Images BEIJING — Two months since China’s latest Covid outbreak began, many businesses in the country’s two largest cities by […]
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Australia hikes its interest rate for the first time in more than a decade
Australia’s consumer price index jumped 2.1% for the first quarter in 2022, with prices of food, petrol and other consumer goods all surging. Ian Waldie | Bloomberg | Getty Images Australia hiked its interest rate for the first time in more than a decade, a widely expected move as consumer prices surge. Its central bank […]
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Why solo female travelers are joining group tours
Everyone told me not to travel solo during a pandemic. Especially not to learn snowboarding, a sport that not all travel insurance policies cover. It didn’t help that I wanted to visit a country where I don’t speak the language. Administrative matters — such as Covid tests, vaccination certificates and health declarations — would be […]
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India’s record-setting heat wave in pictures
People outside holding an umbrella during hot summer day in Kolkata, West Bengal, India on April 26. The temperature in Kolkata was around 40°c. Pacific Press | Lightrocket | Getty Images India has been suffering under record-breaking heat for the last couple months. Last month was the third-hottest April the country has seen over the […]
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As Beijing tightens Covid curbs, hard-hit Shanghai sees signs of life
Major luxury goods mall Beijing SKP said Friday it would close — with no reopening date specified — after the city confirmed three Covid cases in an apartment community nearby. Kevin Frayer | Getty Images News | Getty Images China’s capital Beijing tightened Covid restrictions on Sunday as it battled an outbreak, while Shanghai let […]
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China factory activity contracts in April at steeper pace as lockdowns bite
Employees working on the production line of carbon fiber badminton rackets at a factory in Sihong County, Suqian City, Jiangsu Province of China. China reported Saturday that factory activity in April contracted at a steeper pace as Covid-19 lockdowns halted industrial production and disrupted supply chains. Visual China Group | Getty Images China’s factory activity […]
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Intel CEO now expects chip shortage to last into 2024
Pat Gelsinger, CEO, of Intel Corporation, holds a semiconductor chip while testifying during the Senate Commerce, Science, and Transportation hearing titled Developing Next Generation Technology for Innovation, in Russell Senate Office Building on Wednesday, March 23, 2022. Tom Williams | CQ-Roll Call, Inc. | Getty Images Intel CEO Pat Gelsinger told CNBC on Friday he now […]
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Chinese leaders stick to Covid controls as the virus spreads and forces a Beijing luxury mall to close temporarily
Major luxury goods mall Beijing SKP, pictured here in 2021, said Friday it would close — with no reopening date specified — after the city confirmed three Covid cases in an apartment community nearby. Qilai Shen | Bloomberg | Getty Images BEIJING — China showed few signs of loosening its zero-Covid control policies as the […]
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