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January 28, 2022

Asia Economy

Out of 118 countries, these are the top 5 for road trips in 2022

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CNBC – For more and to sign up click here The highly transmissible omicron Covid-19 variant has some travelers thinking twice about air travel again. While travel bookings are surging this year, some people are sticking with one of the biggest trends to have emerged from the pandemic: the road......

Here’s why Morgan Stanley is cutting its forecast for China’s first quarter GDP

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CNBC – For more and to sign up click here A woman shows her swab and test kit to a health worker before receiving a nucleic acid test for Covid-19 at a private testing site on January 17, 2022 in Beijing, China. Kevin Frayer | Getty Images News | Getty......

IMF says the Fed’s rate hikes will ‘definitely slow down Asia’s recovery’

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CNBC – For more and to sign up click here The Federal Reserve’s move to raise interest rates and tighten policy aggressively will hamper the economic recovery in Asia, according to the International Monetary Fund. The current account surplus and the level of reserves are much higher among Asian countries this......

Crackdown on Chinese IPOs in the U.S. could make investors think twice about betting on tech

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CNBC – For more and to sign up click here Traders work during the IPO for Chinese ride-hailing company Didi Global Inc on the New York Stock Exchange (NYSE) floor in New York City, U.S., June 30, 2021. Brendan McDermid | Reuters BEIJING — Investors may have to think twice......

The best places to eat in Bangkok: a food guide to the Thai capital

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CNBC – For more and to sign up click here Bangkok revels in its status as a culinary mecca. From wizened street vendors who perform alchemy with sizzling woks to whiz-kid chefs who are shaping the fine dining scene, the city lays claim to one of the world’s most multifaceted......

China’s Xi says countries must abandon ‘Cold War mentality,’ warns against confrontation

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CNBC – For more and to sign up click here Founder and Executive Chairman of the World Economic Forum (WEF) Klaus Schwab listens to Chinese President Xi Jinping at the opening of the WEF Davos Agenda virtual sessions at the WEF’s headquarters near Geneva on January 17, 2022. FABRICE COFFRINI......

China’s population grows by the slowest pace in decades

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CNBC – For more and to sign up click here A nurse holds a newborn baby at Zhengzhou Yihe Hospital on New Year’s Day on January 1, 2022 in Zhengzhou, Henan Province of China. Wang Zheng | Visual China Group | Getty Images BEIJING — China’s population grew by the......

Death of austerity, huge elections and threats of war: Political events to watch in emerging markets in 2022

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CNBC – For more and to sign up click here Supporters of Brazil’s former President Luiz Inacio Lula da Silva take part in a protest in front of the Supreme Court in Brasilia, Brazil, April 14, 2021. Adriano Machado | Reuters Pivotal elections, referendums, reforms and geopolitical tensions could shape......

A Thai start-up is working on a Covid vaccine — using tobacco leaves

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CNBC – For more and to sign up click here Thailand’s Baiya Phytopharm wants to develop the country’s first plant-based Covid vaccine. The start-up, founded by Dr. Suthira Taychakhoonavudh and Dr. Waranyoo Phoolcharoen in 2018, has been working on a vaccine using the leaves of an Australian tobacco plant. Suthira,......

China’s economy grew 8.1% in 2021

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CNBC – For more and to sign up click here Volunteers wearing personal protective equipment (PPE) arrange food deliveries on Nov. 26, 2021, for a Shanghai residential area that’s under restrictions to halt the spread of Covid-19. Yin Liqin | China News Service | Getty Images BEIJING — China’s economy......

China’s zero-Covid policy could deal another blow to global supply chains, Moody’s says

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CNBC – For more and to sign up click here Supply chain disruptions are being prolonged driven largely by China’s strict zero-Covid policy, according to an economist from Moody’s Analytics. The bottlenecks have lasted for about a year now but are expected to “materially ease in the early months of......

This rarely used tax loophole is helping some bitcoin holders save tons of cash

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CNBC – For more and to sign up click here Bitcoin is down around 36% from its all-time high in November, but the dip has a good side, thanks to a quirk in the tax code that helps crypto holders shield their winnings from the IRS. The IRS treats cryptocurrencies......

Shimao pushes back on media reports, says it’s in talks for property sales to help resolve debt crisis

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An elderly couple walk past a sign in front of Shimao Tower, developed by Shimao Group Holdings Ltd., in Shanghai, China, on Saturday, Jan. 8, 2022. Qilai Shen | Bloomberg | Getty Images BEIJING — Chinese real estate developer Shimao Group Holdings pushed back Tuesday on reports of default and......

This Tesla owner says he mines up to $800 a month in cryptocurrency with his car

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CNBC – For more and to sign up click here Tesla owner Siraj Raval uses his Model 3 to mine for cryptocurrencies. Siraj Raval Siraj Raval has tried just about every way there is to mine for cryptocurrencies from his 2018 Tesla Model 3. He’s run free bitcoin mining software......

Kazakhstan’s deadly protests hit bitcoin, as the world’s second-biggest mining hub shuts down

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CNBC – For more and to sign up click here As the Central Asian nation of Kazakhstan plunged into chaos this week, an internet shutdown hit the world’s second-biggest bitcoin mining hub, in yet another blow to miners searching for a permanent and stable home. Less than a year ago,......

Covid in Hong Kong: Here’s a list of everything that will be shut down starting tomorrow

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CNBC – For more and to sign up click here Transparent barriers enforcing social distancing measures are seen on tables at a restaurant in Hong Kong, on Tuesday, April 21, 2020. Roy Liu | Bloomberg via Getty Images From bars and pubs to sports premises and karaoke rooms, Hong Kong......

India reports the highest number of daily Covid cases since early September

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CNBC – For more and to sign up click here A health worker administers a dose of the Bharat Biotech Ltd. Covaxin vaccine at a Covid-19 vaccination center set up at the Delhi Municipal Corp. Public Health Center in the Daryagunj area of New Delhi, India, on Monday, June 21,......

World’s largest trade deal is in force, but there’s still ‘work to be done,’ says Singapore minister

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CNBC – For more and to sign up click here SINGAPORE — From cost savings to greater market access, there will be clear benefits for Singapore businesses as the world’s largest trade deal comes into force, the city-state’s trade minister said on Tuesday. The Regional Comprehensive Economic Partnership, or RCEP,......

China Evergrande says contracted sales dropped 38.7% in 2021

CNBC Real Estate
An exterior view of China Evergrande Centre in Hong Kong, China March 26, 2018. Bobby Yip | Reuters BEIJING — Indebted property developer China Evergrande‘s contracted sales plunged last year as the real estate giant struggled to repay creditors. A filing Tuesday showed the company’s contracted sales of properties totaled......

One country is home to half of the 10 most expensive Michelin-starred restaurants in the world

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CNBC – For more and to sign up click here While Michelin-starred meals can cost just $1.50 per plate, most restaurants that have earned the prestigious award charge much more. Many cost $300-$400 for one meal, but some command even higher rates. To find the most expensive Michelin-starred restaurants, the......

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