Vivian Balakrishnan, Singapore's minister for foreign affairs, said Covid-19 is "permanent" and subsequent waves of infections will be a normal occurrence in the coming years. The minister also warned that
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Qatar finance minister arrested over alleged embezzlement: Statement
Emadi has been minister of finance in the wealthy Gulf Arab state since 2013 and sits on the board of its powerful $300 billion sovereign wealth fund, the Qatar Investment Authority. He
Continue reading »China urges 'basic manners' after Philippine foreign secretary slams Beijing in blunt tweet
Chinese Foreign Ministry Spokesman Wang Wenbin in a Tuesday statement urged the Philippines for "basic manners" and cautioned against "megaphone diplomacy." Philippine Secretary of Foreign Affairs Teodoro Locsin Jr. tweeted
Continue reading »IMF warns of a weaker economic recovery in Southeast Asia as Covid restrictions linger
The International Monetary Fund expects Indonesia, Malaysia, the Philippines, Thailand and Vietnam to collectively grow by 4.9% in 2021, down from its previous projection of 5.2%. The downgrade came even
Continue reading »Asia’s worst stock market last year is now one of the region’s top performers
Singapore's benchmark Straits Times Index has climbed around 12.2% so far this year to become one of Asia's top performers. The STI ended 2020 as the worst performer in Asia
Continue reading »European markets mostly higher; Credit Suisse slides 13%
The giant container ship blocking the Suez Canal, the Ever Given, is said to have been refloated and is being secured. Credit Suisse plunged 13% after warning of a "highly significant"
Continue reading »Escalating EU-China tensions could jeopardize new investment deal
Worsening tensions between the European Union and China could jeopardize an investment deal that the two sides recently negotiated. The EU imposed sanctions against China for human rights abuses in
Continue reading »Covid pandemic pushes 75 million more people into poverty in India, study shows
The economic recession caused by the Covid-19 pandemic pushed 75 million more people in India into poverty last year, an analysis by Pew Research Center showed. That's compared with the
Continue reading »European markets head for lower open, in retreat mode after Monday's rally
European stocks are expected to open in negative territory on Tuesday, retreating from gains made in the previous trading session. London's FTSE is seen opening 21 points lower at 6,558,
Continue reading »China's factory activity expands at slowest pace in 9 months, private survey finds
China's factory activity expanded at the slowest pace in nine months in February, as weak overseas demand and coronavirus flare-ups weighed on output, adding pressure on the country's labor market,
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