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US credit rating downgraded over rising debt, ‘standards of governance’

Top rating agency Fitch has downgraded the United States’s credit rating over its rising debt and a “deterioration in standards of governance”, prompting...

China’s imports, exports plunge in warning sign for economy

Exports shrink 9.9 percent year-on-year in December, while imports decline 8.7 percent.China’s exports plummeted in December at their fastest pace since 2020, while...

Samsung says it expects lowest quarterly profit in 8 years

South Korean tech giant blames weak demand for memory chips for sharp decline in profits.Samsung Electronics is expecting its worst fourth-quarter profit in...

Google accuses India watchdog of copy-pasting EU’s Android ruling

Tech giant argues a $161m fine for exploiting the market dominance of its Android operating system should be quashed.Google has told a tribunal...

Indonesia to tighten palm oil exports from January 1

Exporters will be allowed to ship six times their domestic sales volume, less than the current ratio of eight times.Indonesia will tighten export...

Fired during COVID, Bali’s low paid now demand double the pay

Denpasar, Bali, Indonesia – Made, an Airbnb host who manages a luxury villa on Bali’s sultry west coast, spent two months looking for...

Bahamas regulator rejects FTX’s claims about seized assets’ value

Securities Commission of the Bahamas says debtors of the bankrupt cryptocurrency exchange had ‘incomplete information.’The Securities Commission of the Bahamas (SCB) has rebuffed...

China to import 45 foreign video games, grants multiple licences

Moves mark the latest easing of rigid curbs that have hammered China’s gaming industry since August last year.China’s video games regulator has granted...

South Korea warns of deepening economic slump

Asia’s fourth-largest economy is widely expected to see growth fall below 2 percent next year.South Korea has warned of a deeper economic slowdown...

Taiwan asks state banks to ‘appropriately handle’ China exposure

Finance Minister Su Jain-rong makes remarks in response to question about risks of investing in China.Taiwan has asked state-owned banks to “appropriately handle”...

Japan’s inflation soars to 40-year high

Japan’s inflation has risen to its highest level in 40 years as a weak yen drove up commodity prices already surging worldwide.Core consumer...

‘Crazy rich’ Indonesians’ arrests spotlight investment perils

Medan, Indonesia – Indonesian influencers Indra Kesuma and Doni Salmanan lived the kind of lives most people can only dream of.On his now-deleted...
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