Foxconn

India: Foxconn Removes Discriminatory Hiring Practices Following Scrutiny

Foxconn, a leading supplier for Apple, has implemented significant changes to its hiring practices in India. The move comes after a Reuters investigation in June 2023 uncovered discriminatory recruitment criteria at Foxconn's main iPhone assembly plant in Sriperumbudur, near Chennai....
In the heart of Banda Aceh, the capital of Indonesia's most conservative province, a quiet revolution is brewing—cup by cup. At Morning Mama, a cafe run entirely by women, 28-year-old owner Qurrata Ayuni and her team

Indonesia Women Brew Change in Banda Aceh: Inside the City’s Only Woman-Run Cafe

In the heart of Banda Aceh, the capital of Indonesia's most conservative province, a quiet revolution is brewing—cup by cup. At Morning Mama, a cafe run entirely by women, 28-year-old owner Qurrata Ayuni and her team are redefining gender roles...
Japanese Markets

Bank of Japan Governor Hints at Path to Rate Hikes Amid Wage-Driven Inflation

Business leaders in Nagoya on Monday, Bank of Japan (BOJ) Governor Kazuo Ueda painted a cautiously optimistic picture of Japan's economic trajectory. Highlighting progress towards achieving sustained inflation bolstered by wage growth, Ueda suggested that conditions for raising interest rates...
Alibaba

Alibaba Group Seeks to Raise $5 Billion Through Multi-Tranche Bond Issuance

Chinese e-commerce powerhouse Alibaba Group is embarking on an ambitious plan to raise $5 billion through a multi-tranche bond offering, according to sources privy to the matter. The fundraising initiative includes both U.S. dollar-denominated bonds and offshore Chinese yuan bonds,...
Iron Ore

BHP Australia Chief Warns of Challenges Ahead for Nation’s Mining Industry

In a stark warning to Australia’s mining sector, BHP Group’s Australia President Geraldine Slattery cautioned that the country must rethink its reliance on traditional export markets and prepare for a more competitive global landscape. Speaking at a conference in Brisbane...
chinese stocks

Wall Street Grows Wary of Chinese Equities Amid Deflation and Geopolitical Uncertainty

Wall Street’s optimism toward Chinese stocks is fading rapidly as persistent deflationary pressures, geopolitical tensions, and a subdued macroeconomic outlook weigh heavily on investor sentiment. Major financial institutions such as Morgan Stanley and Goldman Sachs have issued cautious outlooks, downgrading...
Japanese Yen (JPY)

Yen’s Revival? Strategists Predict a 2025 Rebound Amid Global Economic Shifts

After two years of enduring relentless declines, the Japanese yen may finally be poised for a turnaround. Analysts and market strategists predict the yen could strengthen against the US dollar, fueled by anticipated policy shifts from the Bank of Japan...
Asia Stock Markets

Asian Markets Surge as Samsung Leads Gains Amid Mixed Global Sentiment

Asian shares rallied on Monday, reversing earlier losses, as South Korea’s Samsung Electronics Co. Ltd. surged following a surprise stock buyback announcement. The regional equities benchmark rose 0.3%, buoyed by gains in Hong Kong and mainland China, while Japanese markets...
Chancay Port- China first mega port Chancay Port in Peru.

Chancay Port: A Beacon of Economic Growth and Peru-China Collaboration

The ongoing construction of Chancay Port, a key Belt and Road Initiative (BRI) project, has become a transformative force for local economies and communities in Peru. Situated approximately 78 kilometers north of Lima, the port has provided thousands of jobs...
TikTok

TikTok Ban Under Biden Law Faces Uncertainty as Trump Reelection Looms

Months after President Joe Biden signed the Protecting Americans from Foreign Adversary Controlled Applications Act (PAFACAA) into law, its fate now faces potential upheaval with Donald Trump’s reelection. The law, which aims to sever Chinese ownership of TikTok, may encounter...
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