TRADE WARS - INDO DAILY

Coronavirus drags Hong Kong business outlook to record low: data

Mar 04, 2020 (AFP)

The Purchasing Managers' Index (PMI) for the city's economy plunged to its lowest mark since the gauge began, worse than the SARS outbreak in 2003 and the globa...

China's Jingye says to seal British Steel rescue next week

Mar 03, 2020 (AFP)

The announcement, which will preserve 3,200 jobs out of around 5,000, follows reports that the deal could have fallen through for the former state-owned company...

Foxconn says China factories operating at 50% over virus outbreak

Mar 03, 2020 (AFP)

Also known by its official name Hon Hai Precision Industry, Foxconn is the world's biggest contract electronics manufacturer and makes Apple's iPhones as well a...

Feminist, fashionable and fighting for sustainability: India's Anita Dongre

Mar 02, 2020 (AFP)

"Sometimes I wish I could just give up design and focus on sustainability full-time," the Mumbai-based Dongre tells AFP during an interview at her factory outsi...

Macau casino takings plunge record 88% after virus closures

Mar 02, 2020 (AFP)

The former Portuguese colony took the unprecedented step in early February of shutting much of its lucrative entertainment sector for two weeks -- including cas...

Virus hammers garment industries in Cambodia, Vietnam

Mar 02, 2020 (AFP)

The death toll from the virus, which emerged from Wuhan in central China, has reached over 3,000 worldwide -- the bulk of the fatalities in the mainland. Beijin...

One worker at a time, virus-hit China's factories sputter back online

Mar 01, 2020 (AFP)

But China's coronavirus epidemic has changed all that. Only about one-third of the roughly 1,000-strong workforce at Xuda's factory in the eastern export hub of...

Virus hammers China's February economic activity: data

Feb 29, 2020 (AFP)

The announcement comes as the epidemic has rapidly spread to a growing number of countries, pushing stock markets to their lowest levels since the 2008 global f...

Labor unions call for US probe of Amazon tactics

Feb 28, 2020 (AFP)

In a petition filed Thursday with the Federal Trade Commission, the International Brotherhood of Teamsters and other labor groups claiming to represent a total ...

Virus slows China's major projects in Asia

Feb 28, 2020 (AFP)

The outbreak that emerged in China in late December and spread to dozens of countries has cut off the Chinese labour supplies and equipment imports needed to ke...

Global economy wavers as world comes to standstill amid epidemic

Feb 28, 2020 (AFP)

That is putting the global economy at the greatest risk of recession since the 2008 financial crisis. "With the partial exception of the Black Death in 14th cen...

Standard Chartered's 2019 pre-tax profit rises to $4.2bn

Feb 27, 2020 (AFP)

The Asia-focused British bank said pre-tax profit surged eight percent in 2019 despite what the group's chief executive Bill Winters described as "an increasing...

Foreign firms in China forecast revenue drop due to virus

Feb 27, 2020 (AFP)

Close to half of almost 580 firms surveyed by the German and European Union chambers of commerce this month expect a double-digit fall in revenue for the first ...

Trump economic advisor sees no US recession ahead

Feb 25, 2020 (AFP)

In an interview broadcast on CNBC, Director of the National Economic Council Larry Kudlow replied "yes, we can," when asked if the United States could continue ...

China shutdowns to impact economy: White House economist

Feb 24, 2020 (AFP)

With the death toll worldwide reaching 2,600, the official cautioned that other illnesses such as influenza are responsible for far more fatalities annually tha...

Local authorities close Venice Carnival early on virus fears: report

Feb 23, 2020 (AFP)

"From this evening, we plan to stop carnival and all sporting activities until March 1," regional president Luca Zaia said in announcing a series of measures to...

Armani holds closed-door runway show as virus cases spike in Italy

Feb 23, 2020 (AFP)

Italy has confirmed 152 cases of the virus, including three deaths linked to it, and has imposed travel and movement restrictions for tens of thousands of resid...

UK digital bank serves clients shunned by big lenders

Feb 23, 2020 (AFP)

In early 2000, Estonia-born entrepreneur Norris Koppel arrived in Britain and spotted a major gap in UK banking for newly-arrived foreigners who had trouble ope...

Virus hits shipping, spreading global economic strain

Feb 23, 2020 (AFP)

As analysts pore over charts to gauge just how badly Chinese mega-factories have been hit, figures provided by cargo ship traffic paint a gloomy picture. The Ba...

Shopify joins nonprofit behind Facebook's Libra currency

Feb 21, 2020 (AFP)

Canada-based Shopify signed on as a member of the Libra Association after a string of companies dropped out in the face of criticism by regulators worried the b...