Hong Kong Retains Top Ranking as Asia Pacific’s Most Expensive Retail Destination
Cushman & Wakefield (NYSE: CWK) today released the 33rd edition of its Main Streets Across the World report which examines prime retail rental rates in key cities globally.
Oman Navigates Oil Export Challenges Amidst Changing Global Dynamics
Oman, a significant player in the global oil market, is facing changing dynamics in its oil exports. The sultanate’s oil exports witnessed a 5.7% decline in the first seven months of 2023, primarily due to reduced shipments to India, a vital trade partner. The drop in exports to India by 90.1% is emblematic of shifting global trade preferences and the impact of geopolitical changes. On the other hand, Oman’s exports to China surged by 12.8%, emphasizing the strategic importance of maintaining strong relationships with key partners. Amidst these fluctuations, Oman’s stable oil production underscores its resilience in a volatile energy landscape.
ADB Announces New Programme to Fight Climate Change
The Asian Development Bank (ADB) on Tuesday announced the Innovative Finance Facility for Climate in Asia and the Pacific (IF-CAP), a landmark program which could significantly ramp up support for the region in the battle against climate change.
Exclusive: South Korea aims to join AI race as startup Rebellions launches new chip
South Korean startup Rebellions Inc launches an artificial intelligence (AI) chip on Monday, racing to win government contracts as Seoul seeks a place for local companies in the exploding AI industry.
China shipyards feast on record LNG tanker orders as South Korea builders are full up
China is making fast inroads in the market for newbuild liquefied natural gas (LNG) tankers as local and foreign shipowners turn to its shipbuilders for the specialty vessels because long dominant yards in South Korea are fully booked.
Exclusive: KLA to stop sales and service to China to comply with U.S. export curbs
U.S. chip toolmaker KLA Corp will cease offering some supplies and services from Wednesday to China-based customers including South Korea’s SK Hynix in compliance with recent U.S. regulations, a source familiar with the situation said on Tuesday.
China tech shares sink as U.S. export curbs raise chip sector hurdles
Shares in Chinese tech giants Alibaba Group (9988.HK) and Tencent (0700.HK) as well as in chipmakers slumped on Monday, as investors were spooked by new U.S. export control measures aimed at slowing Beijing’s technological and military advances.
Exclusive: Indian car makers propose tax cut on imports in trade deal with Britain
Indian car makers have proposed cutting to 30% the tax rate on imported cars as part of a trade deal with Britain, sources told Reuters, an unprecedented move that could ease access to one of the world’s most protected automobile markets.
Exclusive: Samsung, SK Hynix to be spared brunt of China chip crackdown by U.S.
The Biden administration plans to spare SK Hynix and Samsung from the brunt of new restrictions on memory chipmakers in China aimed at thwarting Beijing’s technological ambitions and blocking its military advances, sources said.
Apple to raise App Store prices in some countries in Europe, Asia
Apple Inc (AAPL.O) said on Tuesday it will raise prices of apps and in-app purchases on its App Store from next month in all of the euro zone and some countries in Asia and South America.
