Tag Archive

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

By 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….

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…

Markets settle marginally higher ahead of Budget, US Fed’s rate decision

By MediaIntel.Asia

Equity benchmarks ended with marginal gains on Tuesday as investors adopted a cautious approach ahead of the Union Budget presentation and the US Federal Reserve’s interest rate decision.
Fag-end buying helped the 30-share BSE benchmark Sensex settle …

The IMF’s improved economic outlook won’t deter central banks

By MediaIntel.Asia

The world economy is faring slightly better than expected.
Of course, global growth is projected to fall to 2.9% in 2023, down from a 3.4% expansion in 2022, according to fresh projections by the International Monetary Fund (IMF). But that’s still 0.2…

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…

Renault to lose 28% stake in Nissan in restructuring deal

By MediaIntel.Asia

1/3
Members of the Renault-Nissan-Mitsubishi Motors alliance are expected to give final approval to a restructuring deal that would cut Renault’s ownership stakes within the longtime partnership. File photo by Keizo Mori/UPI | License Photo
Jan. …

Pakistan’s plight isn’t solely because its elite are corrupt. Their values have failed too

By MediaIntel.Asia

Elite-bashing is Pakistan’s newest sport. As the country stares into the default abyss, the ubiquitous phrase — ‘elite state capture’ — putati­vely explains all that has gone awry. Fat-cats are blamed for stealing public resources, conspicuous consump…

Lost Chinese restaurants people in Greater Manchester miss most

By MediaIntel.Asia

These are some of the lost Chinese restaurants people in Greater Manchester miss most.
Chinatown in Manchester is the second largest in Britain and the third largest in Europe. Centred on Faulkner Street, it emerged in the 1970s and developed into the…

TikTok To Cut Irish Recruitment Staff In Latest Tech Layoffs With Over 100 Jobs At Risk

By MediaIntel.Asia

Social media giant TikTok are set to cut their recruitment staff in their Dublin office in the latest blow to a tech sector that have seen massive layoffs.
The social network, which is based in China, confirmed that they’ve already begun cutting their…