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

By 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…

US futures sluggish ahead of Fed rate decision

By 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…

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

By 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…

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

By 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 …

Parliament poised to vote on asylum for Uyghurs fleeing China

By 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 …

Why We Believe the U.S. Still Has the Upper Hand in War Over Taiwan Opinion

By MediaIntel.Asia

A war over Taiwan would directly challenge U.S. interests. Avoiding such a conflict while still maintaining American goals for peace and security is among the most vexing problems confronting U.S. political leaders. However, recently conducted simulat…

China lobbies Dutch to defend trade after chip curbs

By MediaIntel.Asia

FILE – the logo of ASML, a leading maker of semiconductor production equipment, hangs on the head office in Veldhoven, Netherlands, Monday, Jan. 30, 2023. China’s foreign minister appealed Tuesday, Jan. 31, 2023, to his Dutch counterpart to defend fre…

FOREX-Dollar climbs before Fed, but set for fourth monthly drop

By MediaIntel.Asia

The dollar ticked higher on Tuesday ahead of a raft of central bank decisions but remained on track for its fourth consecutive monthly loss. The U.S. Federal Reserve will set interest rates on Wednesday, followed by the European Central Bank (ECB) and…

Apple Is Now Making AirPods Components in India

By MediaIntel.Asia

A U.S.-based Apple supplier has begun making components for AirPods in India, marking a significant step in the tech giant’s push to expand production in the country, reports Bloomberg.
According to the news outlet, the Indian unit of Florida-based el…

TikTok’s chief executive to testify before U.S. Congress in March

By MediaIntel.Asia

TikTok Chief Executive Shou Zi Chew will appear before the U.S. Energy and Commerce Committee in March, as lawmakers look to scrutinize the Chinese-owned video-sharing app, Chair Cathy McMorris Rodgers said on Monday.
Chew will testify before the comm…