Business

Eurozone dodges recession with weak fourth-quarter growth

  The eurozone economy will avoid a recession this winter after recording weak-but-positive growth of 0.1 percent in the fourth…

Norway’s wealth fund posts record loss of $164 bn

Norway's sovereign wealth fund, the world's largest, said Tuesday it recorded a loss of 1.637 trillion Norwegian kroner ($164 billion)…

China manufacturing activity rebounds in January

BEIJING, China (AFP) -- China's factory activity expanded in January after four months of contraction, official data showed Tuesday, as…

TikTok CEO to testify before US Congress in March

TikTok CEO Shou Zi Chew will testify in March to US lawmakers in Washington where the Chinese social media app…

Hong Kong’s sovereign wealth fund suffers record loss

Hong Kong, China | AFP Hong Kong's half-trillion-dollar investment fund set up to defend the financial hub's currency has suffered…

Renault to reduce stake in Nissan, rebalancing alliance

Tokyo, Japan | AFP | Monday 1/30/2023 French automaker Renault will slash its stake in Japanese partner Nissan as part…

Toyota top-selling automaker for third year running

TOKYO, Japan (AFP) -- Japan's Toyota was the world's top-selling automaker in 2022, retaining its lead over German rival Volkswagen…

Former McDonald’s reopen in Kazakhstan without logo

Astana, Kazakhstan (AFP) -- Several restaurants that used to work under the McDonald's brand in Kazakhstan reopened on Wednesday without…

US growth slows to 2.1% in 2022 as downturn fears loom

Washington, United States | AFP | Thursday 1/26/2023   The US economy grew at a slower pace in 2022, the Commerce…

South Korean economy shrinks for first time since early 2020

Seoul, South Korea | AFP | Thursday 1/26/2023 South Korea's economy shrank in October-December for the first time since the…

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