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Economy
China’s economic activity misses estimates as a Delta outbreak threatens its recovery
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 Launches Online Push to Streamline Investment Permits
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 GDP grows 7.07% in Q2 for first expansion in 5 quarters
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 buys new plant for electric vehicle chips
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 currency wilts as Covid-19 wreaks havoc on tourism
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 raises 2021 profit forecast, but warns chip shortage will hit second half
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…
The thrift stores are the destination of Syrians to buy second-hand clothes
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…
Investors: Bureaucracy disrupts the investment in Jordan
Some Jordanian investors stated that the most serious issues that disrupt attracting investment to Jordan are bureaucracy, administrative corruption, and the absence of economic plans. Following a forum organized by the "Path 7" dialogues…
Washington imposes sanctions on the Chief of Staff of the Iraqi Popular Mobilization Forces
The US has imposed sanctions on the Chief of Staff of the Popular Mobilization Forces in Iraq, Abdul Aziz al-Muhammadawi, known as (Abu Fadak). The US State Department stated that Abdul Aziz Mullah Mujirish al-Muhammadawi is…
Economic Crises are Behind the Rise in Suicide Attempts in Iraq
Suicide attempts became a rampant phenomenon in Iraq, as daily news report new cases. The Brigadier General of the Family Department at the Ministry of Interior, Ali Khalil pointed out that suicide attempts became widespread using various…