Latin America shows rising interest in Chinese NEVs
In addition to Brazil, Mexico has also experienced a surge in the acceptance and demand for Chinese-made NEVs.
Business
IMF lowers Korea’s 2025 growth outlook to 2%
Amid such uncertainty, the IMF recommended a gradual normalisation of monetary policy, noting inflation is stabilising and expected to reach the Bank of Korea’s 2 per cent…
Billionaire Indian industrialist Gautam Adani charged in US with bribery, fraud
The close acolyte of Hindu nationalist Prime Minister Narendra Modi, a fellow Gujarat native, is alleged to have agreed to pay more than $250 million in bribes to Indian officials…
Chinese e-commerce giants make their way into Brazil
To attract local consumers in Brazil, Temu is offering an array of favorable policies including shopping discounts and coupons, as well as free home delivery.
Matcha shortage in Japan hits some Singapore businesses, enthusiasts
Photos circulating on social media show snaking queues and signs outside tea shops in Tokyo warning customers of out-of-stock products or purchase limits.
Essential Christmas Eve dinner staples remain at 2023 prices in the Philippines
Many of these essential items have remained at their 2023 prices, while others have even decreased.
China hits record 150 billion parcel deliveries in 2024
In 2014, China handled about 14 billion parcels annually. This year's record represents a tenfold increase in a decade, driven largely by the country's booming e-commerce market,…
Trump’s return: Boon or bane for K-food?
In the first 10 months of this year, Korea’s agricultural and food exports soared 22 percent to $8.19 billion, and the US made up $1.31 billion of the total, driven by growing…
Only a small number of Chinese carmakers will survive in next decade: Xpeng chief
Industry watchers said motor dealers here have been actively courting Chinese carmakers, with more expected to set up in the city state in 2025. Since its Singapore launch, Xpeng…
Why Korean bank shares got bump from Trump’s 2nd term
The market believes Trump’s win could lead to looser merger policies and antitrust scrutiny, and possibly delay the full application of Basel III Endgame, a set of international…