business and economy

Malaysia grew at the quickest pace in over two decades in 2022, making it the fastest-growing economy in Asia, as the pent-up demand helped the nation's GDP grow to 8.7 per cent, the highest level since 2000, data from the Bank Negara…

Climate activists demonstrated against large oil companies at the World Economic Forum (WEF), claiming that these energy giants were monopolising the debate on climate change in Davos, according to a Reuters report.Among the 1,500 corporate…

Vodafone is planning to make its biggest round of job cuts in five years as the British telecom group seeks to rein in costs and revive its lagging performance, according to Reuters, quoting a Financial Times report.Vodafone is looking to…

The Tata Group soon might start manufacturing iPhones in India as it's all set to acquire a major producing plant in Karnataka -- Wistron's iPhone factory. The group has been in talks with this Taiwanese company for months now. The deal…

The Unified Payment Interface (UPI) of India and its similar network in Singapore, PayNow, will soon be integrated, according to the Monetary Authority of Singapore, which will result in a 10 per cent reduction in remittance costs,…

Indian rupee this year ended at a low of over 10%, the worst since 2013, becoming one of Asia's worst-performing currencies.The Indian currency closed 2022 down 10.14 per cent, making it the biggest annual decline since the year 2013. Many…

Indian rupee this year ends at a low of over 10%, the worst since 2013, becoming one of Asia's worst-performing currencies. The year 2022, marked a slow growth for world economies.Performing as one of Asia's worst currencies, the Indian…

According to the Centre for Economics and Business Research  (CEBR), the world faces a recession in 2023. Higher borrowing costs, which are intended to tackle inflation, will cause a number of economies to shrink. CEBR, one of the UK's…

US online retail giant Amazon has reached a settlement with the European Union and has agreed to make big business changes avoiding a 10 per cent fine.The European Competition Commission in a news conference said, "The Commission has…

The Bank of Japan in its policy statement on Tuesday shocked markets with its target band for interest rates, causing the yen to rise, bond yields to rise and stock prices to fall. In its statement, the central bank said that it will now…