Asia

US futures sluggish ahead of Fed rate decision

February 1, 2023 | Source: MediaIntel.Asia

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U.S. futures dipped Wednesday ahead of the Fed’s 19-member policy committee meeting, where benchmark interest rates are expected to be lifted to the highest level in about 15 years.
Futures…

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Reuters Health News Summary

February 1, 2023 | Source: MediaIntel.Asia

Following is a summary of current health news briefs.
Italy eases anti-COVID measures for travellers from China
Italy will loosen its anti-COVID controls for travellers arriving from China, making swabs random rather than mandatory at its airports, a …

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FACTBOX-What’s in the EU Green Deal Industrial Plan?

February 1, 2023 | Source: MediaIntel.Asia

European Commission President Ursula von der Leyen set out its Green Deal Industrial Plan on Wednesday, designed to ensure the European Union does not lose ground in the green tech race and can counter massive subsidies by the United States and China….

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British Steel draws up plan for 800 job losses amid government funding talks

February 1, 2023 | Source: MediaIntel.Asia

Britain’s second-biggest steel producer has been drawing up secret plans to axe hundreds of jobs even as it continues talks with ministers about £300m of taxpayer funding that would partly depend on decade-long employment guarantees.
Sky News has lear…

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Great Budget for CapEx and Railways, Not Bad for Direct Taxes

February 1, 2023 | Source: MediaIntel.Asia

Finance Minister Nirmala Sitharaman began her speech by calling Budget 2023 the first one in Amrit Kaal. The reference and indeed, the implicit branding, is towards the next 25 years, during which India is expected to change for the better. India will…

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Anti-Asian hate ‘runs the gamut,’ racist Yelp reviews show

February 1, 2023 | Source: MediaIntel.Asia

FILE- The Yelp app is seen on an iPad in Baltimore on March 19, 2018. There’s been a sharp increase in the number of hate-filled business reviews spotted by Yelp’s content moderators. (AP Photo/Patrick Semansky, File)
FILE- The Yelp app is seen on an …

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Parliament poised to vote on asylum for Uyghurs fleeing China

February 1, 2023 | Source: MediaIntel.Asia

Ethnic Uyghur demonstrators scuffle with riot police as they try to continue a sit-in protest against China, in front of the Chinese consulate in Istanbul, Turkey on Nov. 30, 2022.DILARA SENKAYA/Reuters
Parliament is poised to vote on making room for …

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Oil Giants, After Surge in Profits, Are Wary About Spending

February 1, 2023 | Source: MediaIntel.Asia

While critics often accuse the oil industry of profiteering when prices are high, executives say their companies are prone to cycles. Their share prices have rocketed over the last year after a decade of underperforming almost every other industry. On…

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British Steel plans 800 redundancies amid negotiations with Government report

February 1, 2023 | Source: MediaIntel.Asia

B ritish Steel plans to axe hundreds of jobs at its Scunthorpe plant, according to reports which come as ministers consider a multimillion-pound rescue package for the struggling business.
Sky News reported that the business could approach unions on W…

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Manufacturing index sustained growth in January

February 1, 2023 | Source: MediaIntel.Asia

The manufacturing industry’s purchasing managers index rose to 53.5 percent in January from 53.1 percent in December 2022, according to the latest report from S&P Global Market Intelligence.
A PMI is a gauge of a country’s manufacturing activity….

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