Tyre maker Michelin to leave Russia
Michelin cited supply chain problems as the main reason behind its decision to give up business in Russia.
Big Picture
Up-ended global LNG markets deepen Australia’s power woes
Europe's rush for supplies and an outage at the biggest US LNG plant supplying Europe have had knock-on effects driving power prices up.
Cambodia’s peppercorn output set to rise: Insiders
Unseasonal heavy rains in February, March and April have pushed up yields of the GI-tagged peppercorn by about 10 per cent and greatly cut down on fuel costs for irrigation.
Food inflation relief within sight as crops and crude pull back
Months after Russia's invasion of Ukraine upended trade flows and sent futures soaring, fear of grain shortages is giving way to optimism that key producers will reap harvests…
Pressure on forex reserves: Bangaldesh exploring loan of up to $4.5 billion from IMF
Even though imports are slowly contracting, the elevated inflation levels around the world mean the odds of a slowdown in both remittance inflows and export orders are high.
G-7 to ban Russian gold imports, choking key market for Putin
The measure, that was proposed by the US President Biden on June 26 via Twitter, was initially flagged by Britain.
Russia is hours away from its first foreign default in a century
The country tipped very near to such a moment earlier this year, but managed a last-ditch escape by switching payment methods.
Hue Festival 2022 revitalises pandemic-hit tourism industry of Thua Thien Hue
With the reopening of the tourism sector and the year-round activities of Hue Festival 2022, visitors to the province increased sharply in April and May and should continue to…
China’s restaurants going digital to stay afloat
According to a China Hospitality Association survey of 100 F&B companies, 90 percent of the companies saw year-on-year decreases in turnover and 28 percent of them recorded a drop…
Japan’s labour ministry to gather data on foreign workers
According to the ministry, there were approximately 1.727 million foreign workers in Japan as of October 2021, a record high for the ninth consecutive year.