Evergrande: Embattled China property giant sparks economy fears
Chinese company Evergrande has started to repay investors in its wealth management business with property, as the world’s most indebted real estate developer faces a...
Asia
China applies to join key Asia-Pacific trade pact
China has applied to join a key Asia-Pacific trade pact as it attempts to strengthen its position in the region. The move comes the day...
Wapi Pay secures Kshs. 237M to expand operations in Africa and Asia
Wapi Pay has raised $2.2 million (Kshs. 237.6 million) in pre-seed funding to scale up global payments and remittances between Africa and Asia. The firm...
Terror as train carriage submerged in China floods
As floodwater crashed through a busy subway station in China on Tuesday, desperate passengers tried to flee while others were swept helplessly off platforms. In...
WhatsApp goes to court over India privacy rules
WhatsApp is suing the Indian government over new digital rules that will force the messaging service to violate privacy protections. It said rules that require...
Chinese investment in Australia plummets 61%
Chinese investment in Australia plummeted 61% in 2020, the lowest number in six years. The drop in investment comes amid a growing diplomatic rift between...
Coronavirus: Shanghai rises to become world’s most connected city
Shanghai has dethroned London to become the world’s most connected city as the coronavirus shakes up international travel. London has seen a 67% fall in...
President Xi at Apec: China pledges to open up its ‘super-sized’ economy
Chinese president Xi Jinping has said China will open up its “super-sized” economy to import more high-quality goods and services. China will also sign free...
RCEP: Asia-Pacific countries form world’s largest trading bloc
Fifteen countries have formed the world’s largest trading bloc, the Regional Comprehensive Economic Partnership (RCEP), covering nearly a third of the global economy. The bloc...
Uhuru urges Asia to use Kenya as gateway to Africa’s vast market
President Uhuru Kenyatta on Saturday called on Asian economies to use Kenya as a gateway to Africa’s market of over 1.2 billion people that is...