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Monthly Archives: August 2023

Asia’s factories face weak demand, signaling growth challenges ahead

A worker welds in the workshop of a machinery and equipment manufacturing enterprise in Qingzhou Economic Development Zone, East China’s Shandong province, July 17, 2023. Future Publishing | Future Publishing | Getty Images Factories in Asia reported sluggish demand in July as new domestic and global orders slumped at the …

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China should act to pull ‘sputtering’ economy back from brink: professor

A Nanjing Road pedestrian street on October 1, 2022 in Shanghai, China. Yan Daming | Visual China Group | Getty Images China’s authorities need to take decisive policy action to pull its “sputtering” economy back from the brink, according to Eswar Prasad, an economics professor at Cornell University. Beijing doesn’t …

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Steep drop in profit on lower oil and gas prices

The BP logo is displayed outside a petrol station near Warmister, on August 15, 2022 in Wiltshire, England. Matt Cardy | Getty Images News | Getty Images LONDON — Oil major BP on Tuesday reported a nearly 70% year-on-year drop in second-quarter profits on the back of weaker fossil fuel prices, echoing …

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A green backlash is sweeping across the U.S. and Europe

Demonstrators hold placards and chant slogans during a rally to protest against the expansion of the Ultra Low Emission Zone (ULEZ) in London, at Marble Arch, central London, on June 25, 2023. Henry Nicholls | Afp | Getty Images In the wake of a U.S. crusade against mission-driven investments, signs …

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HSBC sees 89% YOY rise in Q2 pre-tax profit, beating analysts’ expectations

An HSBC Holdings bank branch in Hong Kong on May 24, 2022. A Hong Kong-based trade platform launched by HSBC Holdings three years ago with much fanfare has shut down after failing to build a commercially viable business. Bertha Wang | Bloomberg | Getty Images HSBC on Monday reported a second …

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India’s stock market has rallied to all-time highs that could continue

India is poised to become the world’s second-largest economy by 2075, according to Goldman Sachs. Darren Robb | The Image Bank | Getty Images India’s strong growth prospects and recent stock market boom has piqued investor interest, drawing attention and increasing exposure to a once ignored market. “India’s growth story …

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Amazon says it’s delivering more packages in one day or less after overhauling delivery network

An Amazon driver loads packages into a delivery van at an Amazon delivery station on November 28, 2022 in Alpharetta, Georgia. Justin Sullivan | Getty Images Amazon has for years been marching toward making same-day and next-day delivery the standard for members of its Prime loyalty club. On Monday, the …

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