Economy

Sri Lanka has declared an economic emergency, after a steep fall in the value of the South Asian country's currency caused a spike in food prices. Authorities say they will take control of the supply of basic food items, including rice…

Pavla and Alain Schneuwly called Singapore home for more than a decade, raising their two sons in the South East Asian business hub. "Everything was perfect, life was beautiful. We could travel around and enjoy the best of Singapore,"…

Toyota is resuming operations of its autonomous vehicles at the Paralympic Games village in Tokyo following an accident. Services of the e-Palette pods were halted after a vehicle hit a visually impaired athlete last week. The athlete…

China’s economic activity slowed more than expected in July, with fresh virus outbreaks adding new risks to a recovery already hit by floods and faltering global demand. All the main data missed forecasts: retail sales expanded 8.5% in…

Indonesia launched on Monday a website to process investment permits, which the government hailed as an important milestone in reforms aimed at making it easier and quicker to do business in Southeast Asia's largest economy. President…

Indonesia pulled out of recession in the second quarter, reporting its strongest annual growth rate in 17 years, but analysts warned its economic recovery will suffer a setback due to a recent surge in COVID-19 infections. Southeast…

Apple's biggest supplier, Foxconn, has agreed to purchase a semiconductor plant in Taiwan to solidify its push into electric vehicle manufacturing, with Apple itself rumored to be planning an Apple Car down the road. Foxconn has started…

Thailand’s baht has gone from being one of Asia’s strongest currencies before the pandemic to one of its worst performers this year as the coronavirus crisis ravages its crucial tourism sector. The Thai currency is down more than 9 per…

BMW has raised its profit forecast for 2021 today announcing strong quarterly results while warning investors about the impact of the global semiconductor chip shortage on the carmaker. The company saw “strong customer demand during the…

Raqqa city, northern Syria experienced a dramatic decline in living standards, due to the devaluation of the Syrian lira against the US dollar, which has negatively affected the lives of citizens who returned to their homes after ISIS had…