Ant Group, the fintech unit of China’s Alibaba Group, is set to become the majority investor in Singapore-based payments platform 2C2P as part of a partnership, the companies on Monday. The deal will …
Toyota, Volkswagen and Tesla factories in China start to reopen
Toyota and Volkswagen are gradually bringing their China factories back on line after they were closed for weeks because of Covid lockdowns. Toyota said on Monday it’s preparing to resume operations …
China’s Economic Trends Hint at Cost of Zero Covid Strategy
The country’s lockdowns have trapped truck drivers on highways, halted production lines and forced some importers to source goods from outside China.
EMERGING MARKETS-Asian markets slip, Indonesia shares gain ahead of central bank meeting
“Asian markets may tread carefully to start the week as investors digest the PBOC’s (People’s Bank of China) 25bps RRR cut,” OCBC analysts said in a note. Late on Friday, the PBOC announced it would …
British PM Boris Johnson Faces New ‘Partygate’ Claims Ahead Of India Visit
British Prime Minister Boris Johnson is facing new allegations on Monday around “partygate”, the scandal surrounding government officials breaching coronavirus rules with illegal lockdown gatherings.
India slams WHO over report claiming 4 million COVID deaths
India has sharply criticised a forthcoming World Health Organization study which reportedly claims coronavirus killed four million people nationally, the latest analysis suggesting a significant …
India’s March WPI inflation accelerates, adding pressure on retail prices
India’s annual wholesale inflation rate accelerated to 14.55% in March, completing a year in double-digit territory as firms grapple with rising input costs and pass on higher prices to consumers.
India’s COVID infections hit month-high, one state reports spike in deaths
India’s tally of daily COVID-19 cases nearly doubled on Monday from the previous day to more than 2,000 for the first time in a month, government data showed, and the southern state of Kerala reported …
Air India cancels flights from India to Hong Kong on these dates. Details here
Air India has cancelled flight services to Hong Kong due to COVID-19 restrictions imposed by the Hong Kong authorities and limited demand in the sector, the airline said. “Due to restrictions imposed …
India’s ‘K.G.F: Chapter 2’ Is Weekend’s Second Highest Grossing Film, With $70 Million Worldwide Opening
Chapter 2,” starring Yash, was the second highest grossing film worldwide over the Easter weekend, with a $70.6 million gross, according to estimates released by Comscore. The weekend winner was …