Latest Business News
China's Manufacturing Sector Slumps Amid Trade Truce
China's manufacturing PMI fell to 49.9 in November, below expectations of 50.5, signaling contraction despite a US-China trade truce. Tech companies like Meituan reported losses, and macroeconomic data points to weakening conditions.
US Extends One-Year Tariff Exclusions on Certain Chinese Industrial Goods
The United States has prolonged tariff exemptions for some Chinese industrial items for one year as part of ongoing trade negotiations, easing tensions and supporting supply chains.
Meituan Reports First Loss Since 2022, Reflecting Tech Sector Challenges
Chinese tech firm Meituan posted its first loss since 2022, particularly in its e-commerce business, highlighting continuing pressures despite overall resilience from Alibaba and Tencent.
Singapore Continues as World's Number One Container Port
Singapore has been ranked the top container port globally, reinforcing its strategic status in global trade and logistics, bolstered by strong regional investment and infrastructure development.
Indonesia Eases Foreign Investment Rules to Attract Capital
To fuel economic growth, Indonesia is reducing barriers for foreign investors, aiming to tap into the rising demand for infrastructure and energy projects in Southeast Asia.
DoorDash Reaches $13 Billion Valuation, Dominates US Delivery Market
DoorDash has become a $13 billion company, outperforming rivals like Uber Eats by focusing on customer experience and market expansion amid rising food delivery demand in the US.
US Tech Sector Faces Volatility Despite Fed's Imminent Interest Rate Cut
The US stock market's 'Santa Rally' is stalling, with tech stocks under pressure even though a Federal Reserve rate cut is expected in December, contributing to uncertainty in markets.
Sergey Brin Donates $1.1 Billion in Alphabet Stock Following AI Rally
Alphabet co-founder Sergey Brin gifted $1.1 billion in stock to Catalyst4, supporting central nervous system and climate-change research, reflecting the philanthropic trends amid AI-driven market gains.
Southeast Asia Emerges as Prime Destination for Energy and Infrastructure Investments
The region is attracting significant investment due to rapid economic growth, strategic location, and government incentives, redefining its role in global supply chains.
NATO Prepares for Possible Increased Conflict in Europe with Limited US Support
Amid geopolitical tensions, NATO is gearing up for potential conflicts, relying more on European forces and less on US military involvement, affecting global business and security landscapes.