Business

A Hong Kong court on Monday ordered the liquidation of property company China Evergrande Group, a move likely to send ripples through China’s crumbling financial markets as policy-makers scramble to contain the deepening crisis.  World’s most indebted developer unable to reach restructuring deal with creditors. A Hong Kong court on …

KangKong King co-owners (from left) Jay Tan with wife Sheryl Tan, Anne Gaw, Frank Gaw, Andrew Tan Lee and Ben Ng during a food fair.  Picky eaters may find vegetable chips unappealing to their discerning taste buds, but a group of young entrepreneurs made eating healthy taste amazingly good, proving …

This illustration photo shows the new Twitter logo rebranded as X (L) and the old Twitter bird logo reflected in smartphone screens, in Paris on July 27, 2023. (AFP/Joel Saget)  SAN FRANCISCO, United States — Social media platform X, formerly Twitter, will open a moderation office in Texas with an …

Bangko Sentral ng Pilipinas (BSP) Governor Eli M. Remolona Jr. is not ruling out a policy rate cut within the year, given the moderating inflation outlook due to base effects. He also said that if the 2023 economic growth exceeds expectations, the hawkish Monetary Board, BSP’s policy-making arm, may go …

140 workers, represented by the Private and Public Workers of Canada Local 8, have been striking since Sept. 28.  Main issue in the strike was the company’s demand to ramp up operations to 24 hours a day year-round. Rogers Sugars has announced a tentative agreement with the union representing 140 …

Canada’s energy industry is reacting with dismay to U.S. President Joe Biden’s move to pause approvals of new liquefied natural gas export terminals in that country.  Election-year decision comes as U.S. gas shipments to Europe and Asia have soared. Canada’s energy industry is reacting with dismay to U.S. President Joe …

Transmission operator National Grid Corp. of the Philippines said Friday it fully energized the P51.3-billion Mindanao-Visayas Interconnection Project (MVIP) to unify the Philippine grid.  NGCP conducted a simultaneous ceremonial switch-on in Manila, Cebu and Lanao del Norte to mark the successful full energization of the MVIP, the largest investment for …

The U.S. gross domestic product grew at an unexpectedly brisk 3.3 per cent annual pace from October through December as Americans showed a continued willingness to spend freely, despite high interest rates and inflationary price levels.  GDP grew by 3.3% in fourth quarter, which is lower than earlier months but …

BRUSSELS – The biggest crisis in the world economy in almost a century was caused by the coronavirus pandemic, the effects of which are being recovered from only after four years. After the first Covid-19 case was detected in the Chinese city of Wuhan at the end of 2019, the virus …

Ikea has announced it will be lowering many of its prices as 2024 kicks off, with retail and marketing experts say it is a change consumers will welcome that could potentially drive sales for the global furniture giant.  Competitors might have difficulty matching Ikea’s move, retail analyst says. As many …