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President Biden starts Asia trip with global issues and tech on agenda

PYEONGTAEK, South Korea — President Joe Biden is opening his trip to Asia with a focus on the computer chip…

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Enterprenuers

EV maker Lucid to accelerate plans with its Saudi Arabia factory, its first outside the U.S.

U.S. electric vehicle maker Lucid Group will set up its first overseas factory in Saudi Arabia, the company announced. Javier…

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Business

Goldman Sachs cuts its China GDP forecast to 4% on Covid controls

Since March, mainland China has struggled to contain its worst Covid outbreak in two years. Notably, the metropolis of Shanghai,…

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Enterprenuers

Skipping meals and shrinking portions — Brits are being warned of ‘apocalyptic’ food price rises

More than four in five people in the U.K. are worried about rising living costs and their ability to afford…

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Business

Some factories might leave China, but in the grand scheme of things it doesn’t matter much

China still holds the cards for global supply chains, whether or not Covid lockdowns frustrate businesses in the near term.…

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Business

China’s economic data disappoint in April as Covid controls weigh

The persistent spread of Covid and resulting stay-home orders — primarily in Shanghai — forced factories to close or operate…

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Enterprenuers

With floods and electricity shortages, South Africa’s economy is threatening to go into reverse

DURBAN, South Africa – April 16, 2022: Massive debris at the Durban harbor following heavy rains, mudslides, rain and winds…

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Enterprenuers

Coach owner Tapestry predicts China troubles will start to ease in June

Customers walk past a Coach store at Shanghai New World Daimaru department store on August 12, 2019 in Shanghai, China.…

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Enterprenuers

Dubai Airports passenger traffic may reach pre-Covid levels earlier than expected, CEO says

Air passenger traffic in Dubai may reach pre-pandemic levels in 2024, a year earlier than previously expected, Dubai Airports CEO…

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Enterprenuers

Shanghai’s big automakers saw production plunge by 75% in April after lockdowns began

Although Shanghai began in mid-April to prioritize several hundred companies for resuming work, foreign business organizations have said that doesn’t…

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