Schneider Electric to acquire U.S. software firm PTC for 20.1 billion euros
French industrial giant Schneider Electric announced Monday it will acquire U.S. software company PTC for 20.1 billion euros, its largest a…
📈 Economy
Real-time coverage of the world economy: monetary policy from the Fed, ECB, and BOJ, forex, equities, and bond markets, US-China trade frictions, supply chain realignments, inflation and recession risk, energy prices, emerging-market currency crises, and tectonic shifts in semiconductors and AI. We aggregate English and local-language business media, placing Western, emerging-market, and Asian perspectives side by side.
Editor's Pick
Sánchez able 'to convert' housing weakness 'into strenght', expert says
Javier Carbonell, an analyst at the European Policy Centre, says that while housing has been one of the “biggest policy failures” of Spanis…
World Bank Projects Middle East Growth at 7.8% in 2027
The World Bank projected that the Middle East region's economic growth will reach 7.8% in 2027.
Latest News (30 articles)
Seoul shares end lower on tech losses amid rising bond yields
Seoul shares ended lower Tuesday, led by declines in technology stocks, amid concerns over rising bond yields at multidecade highs. The Kor…
BOJ chief calls for more focus on anchoring inflation around target
The Bank of Japan governor called for greater focus on anchoring inflation around the target.
Lego fraudster among last year's most high-profile insurance scammers
The person was sentenced to 28 months in prison after an investigation found the claims were made up, the insurance trade body, the ABI sai…
Australia's Opposition Vows 'Largest Cut to Immigration' in Country's History
Australia's opposition has vowed to implement the largest cut to immigration in the country's history. The pledge could significantly alter…
Fuel in Italy, tax cuts expire: diesel prices rise as hauliers threaten strikes
With tax breaks expiring and delay to the variable excise decree, diesel prices climb. Hauliers warn of a strike as the government summons …
Philippines Aims to Maintain Global Lead in Purple Yam Production
The Philippines is working to enhance its production capacity to maintain its position as the world's largest producer of purple yams.
Fuji Media's property unit draws final bids from Blackstone, Bain, Warburg
Blackstone, Bain and Warburg are preparing to submit final bids for Fuji Media's property unit, according to sources.
Foreign tourist spending in Seoul jumps nearly 60%
Foreign tourists’ card spending in Seoul rose nearly three times as fast as visitor numbers in the first eight months of the year, nearly m…
Why is an activist targeting Samsung’s stakes in S-1?
S-1 Corp. is a small part of Samsung’s sprawling business empire. But an activist investor’s bid for Samsung affiliates’ stakes in the secu…
How a $30 oil painting fetched over $1.35M at US auction; all about ‘Alderman Merriam’s Shells’
A painting purchased for $30 at an estate sale fetched more than $1.35 million at auction after it was confirmed to be the work of Gertrude…
With Uzbekistan open for business, investors watch reform staying power
Almost a decade of economic reform has helped its growth outpace that of most ex-Soviet peers.
France's sovereign debt crisis explained: How dangerous could it be?
French borrowing costs hit their highest level since 2002, and the gap with Germany is the widest since 2011. What is driving France's debt…
John Lee promises ‘high-quality’ experience for Apec finance meeting guests
Hong Kong’s leader has pledged to provide guests attending this month’s Apec Finance Ministers’ Meeting with a “high-quality” experience, a…
BOE chief set for Korea visit as Samsung boosts panel orders
Samsung Electronics is turning more to China’s BOE for TV panels, with purchases forecast to double this year as the Korean company reshuff…
Australian consumer confidence plunges to worst level since 1990s after RBA rate rise
Key indicator dropped about 20% after the Reserve Bank last month announced the highest interest rates since 2011Get our breaking news emai…
The bond market sell-off is helping the dollar
But the strength of the greenback is not as reliable as in the past
Surprise, Your Child Has a ‘Trump Account.’ Here’s What to Know.
The accounts might be worth opening even for children who don’t qualify for the $1,000 in government seed money.
Irish budget to tackle childcare and energy costs
The threshold at which people start paying the higher income tax rate is also expected to increase.
The Surge in Rates Is Blowing Up Commercial Real-Estate Deals
Property buyers are demanding sellers renegotiate terms because of higher mortgage rates, signaling broader market distress.
Hyundai edges ahead of Ford in US. Can it stay there?
Hyundai Motor Group is closing in on Ford’s position as the third-largest automaker in the US, with strong hybrid sales putting its first q…
Germany and France want EU storm gates for China’s trade surge
A bold joint letter suggests confrontation looms with China
AI Borrowing Binge Rattles US Markets
A borrowing binge in artificial intelligence is rattling U.S. markets. The massive influx of corporate funds into AI is creating market ins…
Samsung Biologics union seeks direct talks with Samsung Electronics
Samsung Biologics’ labor union is seeking to bring Samsung Electronics into its prolonged wage dispute, demanding direct negotiations on pe…
Thailand September CPI rises 2.82% on year, below forecast
Thailand's headline consumer price index rose 2.82% in September from a year earlier, falling below forecasts.
OldTown White Coffee's last Singapore outlet at Kallang Wave Mall to close after Oct 11
The halal-certified chain is known for its Ipoh-style white coffee and Malaysian favourites including nasi lemak, kaya toast and noodles.
Uzbekistan Open for Business, Investors Watch Reform Staying Power
As Uzbekistan opens for business, investors are watching the staying power of its reforms.
Australian opposition vows ‘biggest cut to immigration’ in country’s history
The Liberal-National Coalition's sweeping proposal comes amid growing anti-immigration sentiment due to high living costs and housing short…