Beijing is using the Covid-19 crisis to encourage China’s globe-trotting consumers to spend more back at home. Europe’s stricken duty-free operators have to follow them. ( read original story ...)
China Car Sales Keep on Trucking in Pandemic Recovery
Auto sales in China rose for a fourth straight month in October, as the country’s rebound from the coronavirus pandemic gained momentum. ( read original story ...)
China’s Crackdown on Hong Kong: Good for Business?
What’s the price of business stability in Hong Kong? Does it include the suppression of human rights? Only a year ago, Hong Kong was in a state of near-chaos. Hundreds of thousands of Hong Kong ... ( read original story ...)
Turkish finance minister resigns; lira at 10 per euro
Turkish Finance Minister Berat Albayrak said on Sunday he was resigning for health reasons, the second surprise departure of a top economic policymaker in two days after the central bank chief was ... ( read original story ...)
Mideast Stocks: Kuwait bourse gains in early trade, other Gulf markets firm
Kuwait's stock market registered moderate gains early on Monday as investors awaited results from global index provider MSCI's semi-annual review due on Tuesday, while gains in financial and ... ( read original story ...)
Ripple Selects Dubai for Regional Headquarters
Dubai has announced that San Francisco-based blockchain solution provider for global payments, Ripple has established its regional headquarters in DIFC. ( read original story ...)
Fitch revises Saudi outlook to negative on weakening balance sheets
Ratings agency Fitch on Monday revised its outlook on Saudi Arabia to negative from stable, citing weakening fiscal and external balance sheets, but maintained its core 'A' rating. DUBAI, Nov 9 ... ( read original story ...)
Azerbaijan introduces amendment to Law on NGOs
BAKU, Azerbaijan, Nov.9 An amendment has been made to the Law of Azerbaijan 'On Non-Governmental Organizations (Public Associations)', envisioning application of all amendments made to the co ... ( read original story ...)
From ‘love’ to ‘thug’: Joe Biden win to change US-North Korea dynamic
Headline-grabbing summits between the leaders of North Korea and the United States will be off the agenda for some time, analysts say, after US president-elect Joe Biden characterised Kim Jong Un a ... ( read original story ...)
Malaysia deficit forecast ‘reasonable’ but optimistic about growth: economists
The expansionary Budget 2021 relies on a sharp recovery for its higher revenues Read more at The Business Times. ( read original story ...)